India Likely to See Small Hit From Trump Tariffs as Threats Grow

India’s economy will likely take only a marginal hit from Donald Trump’s proposed tariff hikes on all countries, according to Bloomberg Economics, as the US presidential candidate ratchets up his trade warnings to the South Asian nation.

India’s gross domestic product will be 0.1% lower by 2028 if Trump is re-elected in November and goes ahead with a plan to impose a 60% tariff on Chinese goods and 20% tariffs on other countries, Bloomberg Economics estimated. The decline would come from the slump in global trade induced by the tariffs and India’s weaker competitiveness compared with its peers, economists Abhishek Gupta and Eleonara Mavroeidi said in a report Friday.