Economists at global banks from Morgan Stanley to Nomura Holdings Inc. have identified India and Thailand as among the nations most exposed to risks from President Donald Trump’s vow to impose reciprocal tariffs on trading partners.

With India’s steel industry already facing global competition, higher US tariffs could lead to a slowdown in exports as well as increased production costs, according to the Financial Times.

President Trump has issued new threats of a 25% tariff on steel and aluminium imports, targeting countries like India. India's recent reductions in du

US President Donald Trump has announced plans to impose a 25 per cent tariff on steel and aluminium imports. Though Trump has not mentioned which countries would face tariffs, there are concerns that India,

U.S. President Donald Trump has said that he would impose 25% tariffs on all steel and aluminium imports, including from Canada and Mexico, and other duties are expected in the upcoming week. Mr Trump addressed his remarks to the press as he flew from Florida to New Orleans on Air Force One for the Super Bowl,

Economists at Morgan Stanley and Nomura Holdings have pinpointed India and Thailand as the nations most vulnerable to President Trump's proposed reciprocal tariffs, given the significantly higher tariffs they impose on US imports.

US President Donald Trump’s threats of steep tariffs on Mexico and his planned curbs on immigration present a two-pronged threat to Indian auto parts suppliers and their ambitions to expand in their biggest export market.

India will continue to bring down tariffs and phase out additional levies on imports as domestic manufacturing improves, a top finance ministry official said, ahead of Prime Minister Narendra Modi’s visit to the US.

India is reviewing tariffs on over 30 key imports, including significant cuts on solar cells, household goods, and luxury cars. The peak import tariff has been reduced from 150% to 70%, potentially benefiting US exports and signaling a shift in trade dynamics.