US reciprocal tariffs on India to have limited impact: S&P

NEW DELHI: India will be less impacted by the proposed US reciprocal tariff as the country's economy is mainly driven by domestic demand, and has substantial services exports, which is not going to be targeted by the Trump administration, S&P Global Ratings said on Wednesday. S&P Global Ratings, economist Asia-Pacific, Vishrut Rana, said the reciprocal tariff will hurt countries like Vietnam, South Korea, Taiwan more as they have high trade surplus with the US.

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