Chris Wood calls Trump’s 50% tariffs on India and Brazil “xenophobic autarky,” warning the US has gone rogue on global trade norms.
Major sectors hit include textiles, chemicals, auto parts, and fisheries; only pharma and electronics remain exempt.
Goldman Sachs warns of a potential 0.6pp hit to India’s GDP due to the full tariff impact.
A three-week negotiation window offers some hope; analysts urge global unity over bilateral deals with the US.
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