Trump's 50% Tariffs May Clip India's Growth by 1%, Analysts Say
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US President Donald Trump's additional tariffs on India will further damage the South Asian nation's already slowing economy and shrink its gross domestic product by as much as a percentage point, analysts said.
Trump on Thursday doubled tariffs on Indian goods to 50% as penalty for buying Russian oil, in a move that could make exports to the US of many industries uncompetitive.
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