 "trump tariffs")
The US President Donald Trump on Wednesday imposed a 26 per cent reciprocal tariff on India and even higher duties on dozens of other countries. The sweeping global tariffs are expected to upend global trends and adversely impact several domestic sectors, from information technology to automobiles. Here are key takes from leading brokerages:
Nomura: We think this is a clear risk-negative event for Asian stocks, and we do not see it as a market “clearing event,” which some market participants were hoping for. The repercussions of tariffs will likely be felt on the US inflation and growth outlook over the
