Let America pay for tariffs for a while, says Deepak Shenoy of Capitalmind

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Let America pay for tariffs for a while, says Deepak Shenoy of Capitalmind - Business Standard

Quick Summary:

Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.

Describing the tariff strategy as “a very scorched earth strategy by the US,” Shenoy highlighted the potential market turbulence ahead."This will impact markets negatively perhaps.

Let Americans pay for this for a while and see how it pans out,” Shenoy said in a social media post on 'X'.26% tariffs on Indian exports to the US.54% effectively on China.