Trump tariffs could shrink global GDP by 4%, India faces $10 bn export hit: Key takeaways from SBI report

A new SBI Research report warns that US President Donald Trump’s sweeping tariffs could shrink global GDP by up to 4%, slash US GDP by $438 billion, and cost American households $3,487 annually.

Apr 5, 2025 - 06:00
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Trump tariffs could shrink global GDP by 4%, India faces $10 bn export hit: Key takeaways from SBI report
A new SBI Research report warns that US President Donald Trump’s sweeping tariffs could shrink global GDP by up to 4%, slash US GDP by $438 billion, and cost American households $3,487 annually.

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