Trade war: Donald Trump’s 50% ‘penalty’ tariffs threaten India’s manufacturing goals, warns Moody’s; GDP growth could slow by 0.3%
US President Donald Trump’s decision to double tariffs on Indian goods to 50% could deal a major blow to New Delhi’s manufacturing ambitions, ratings agency Moody’s warned on Friday.Moody’s cautioned that the steep tariff gap compared with other Asia-Pacific nations could reverse some of India’s recent gains in attracting global investment, hurting both growth and … Read more