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 […]

US rate more biased against the Indian automotive, tire industry compared to Asian colleagues: ICRA

New Delhi: the 25 percent American rate on Indian export places the domestic car component industry and tire makers in an unfavorable position compared to Asian colleagues such as Japan, Vietnam and Indonesia, who are dealing with lower tasks, said Ratingbedrijf ICRA on Saturday. The US government has announced that the rate on all goods […]