US President Donald Trump has unveiled tariff policies that are set to reset global trade and pose risks to the world's largest economy.
The tariffs could lead to a substantial jump in US inflation and potentially push the US and global economy into recession.
India, as one of the least-tariffed Asian exporters, holds an advantage as a 'China+1' hub for US-bound production and might engage in a bilateral deal with the US to navigate through tariff challenges.
While the direct impact of Trump tariffs on India's GDP is likely to be less severe, a slowdown in US growth and weak global trade momentum will still affect India's external demand.