The Indian economy takes $ 55-60 billion hit from Trump’s ‘Draconian’ rates, warns Chris Wood from Jefferies

The decision of the US President Donald Trump to pay 50% rates on Indian goods-included a penalty of 25% for buying Russian oil “Draconian”, emerging market strategist Chris Wood by Jefferies said that the Indian economy was established to absorb $ 55-60 billion. “This comes down to an estimated $ 55-60 billion blow to the […]