NEW YORK: Economists at global banks from Morgan Stanley to Nomura Holdings Inc have identified India and Thailand as among the nations most exposed to risks from President Donald Trump’s vow to impose reciprocal tariffs on trading partners.
The two countries stand out because the tariffs they impose on the United States are, on average, far above the rate charged on them by the United States, according to a range of estimates from analysts who considered scenarios of like-for-like levies. The caveat is that Trump has yet to clarify the potential policy, including which countries would be targeted and on what basis.
