2025-08-03Niranjan Ghatule
SBI Research, in its August 1, 2025 report, has warned that the 25% U.S. tariffs on Indian goods could backfire on America. The report highlights a potential 2.4% inflation spike, a USD 2,400 annual cost increase for U.S. households, and a GDP drag of up to 50 basis points. It calls the tariffs a “bad business decision” with greater negative impact on the U.S. economy than on India.
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