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Duration: 0h 3m 58s

Higher US tariffs may trim GDP growth by 30 bps: Barclays

Name: Higher US tariffs may trim GDP growth by 30 bps: Barclays
Uploaded: Thu, 31 Jul 2025 13:56:47 +0530
Channel: Rediff Video Desk

The 25 per cent US tariffs, plus a penalty for Russian imports, could dent India's GDP growth by 30 basis points in the current fiscal, but the higher duty is unlikely to significantly affect India's domestic demand-driven economy, Barclays said on Thursday. If the 25 per cent tariff, announced by US President Donald Trump on Wednesday, is implemented from August 1, the effective average US import tariff on Indian goods will rise to 20.6 per cent in trade-weighted terms, as per Barclays estimates.

Uploaded by: Rediff Video Desk on Thu, 31 Jul 2025 13:56:47 +0530

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