If the tariff is implemented, what will the situation be in the Asia-Pacific countries? Shocking report also comes across India - if the tariff is implemented, the economy of Asia -Pacific will be affected, including India, affected

US President Donald Trump has announced a mutual tariff. A few days later, mutual rates will apply to many countries of the world. The economy of countries in Asia-Pacific, including India, will be greatly affected since the tariff is being implemented. S&P Global Ratings said the implementation of rates could reduce the growth rate of economies by 0.4 percent in the next two years. Pti, New -Delhi. S&P Global Ratings said on Tuesday that if the US announced the mutual rates announced on April 2, the growth rate of the economies of the large Asia Pacific region like India, China and Japan will fall by 0.2-0.4 percent in the next two years. S&P said in its report that the US that threatens to place rates and implement them will reduce world trade. The dependence on the region of exports with China and the US will greatly affect small economies. The economic results will be very deep, the Asia-Pacific research head in S&P Global Ratings, Unis Tan said that if the rates declared on April 2 are re-applied to the other economies except China, geopolitical and economic results will be very deep. Trump’s tariff will be lower the growth rate of India. For India, S&P estimated an increase of 6.5 percent and 6.8 percent for 2025 and 2026 in March. Although the mutual tariff declared by US President Donald Trump is implemented, S&P estimates that the growth rate will fall by 6.3 percent and 6.5 percent respectively. S&P said that the blockage of new investment and the weakening of domestic spirit will lead to further decline in trade trust. In addition, equity and debt markets are expected to vary. Every latest news and accurate information from the country and the world, every moment on your phone! Download now- Jagran app