US Tariff Impact: Nilesh Shah warns that Trump’s 26% tariff on India may lead to slower growth and higher inflation.
Historical Parallels: Similar mass tariffs in 1828 and 1930 led to recessions, raising concerns over economic fallout.
India’s Strategy: Shah suggests India should attract footwear and garment businesses from Asia to offset losses.
Global Reactions: Countries may weaken currencies, negotiate, impose counter-tariffs, or challenge tariffs legally.
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