The reciprocal tariffs set by the Trump administration may significantly impact countries with high tariff differentials like India and Brazil. These tariffs could include VAT and other non-tariff barriers, potentially slowing global growth and affecting capital flows and market performances in emerging economies. The reciprocal tariffs set by the Trump administration may significantly impact countries with high tariff differentials like India and Brazil. These tariffs could include VAT and other non-tariff barriers, potentially slowing global growth and affecting capital flows and market performances in emerging economies. Economic Times
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