đź’¨ Abstract
The SBI Research report states that broad-based tariffs announced by US President Donald Trump and potential retaliation by other countries could initiate a vicious cycle of global growth, with a significant decline in world export volume to 1.3% from 2.9% in 2024. This could impact the US core inflation and decrease its GDP by USD 438.4 billion.
Courtesy: theprint.in
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