Swaminathan Aiyar warns that the world may be at initial stages of a potential prolonged trade war led by Trump, predicting severe global economic impacts. With high tariffs, industries like Apple’s Indian plant may face significant export challenges. Aiyar foresees a long period of instability, recession, and possible further retaliation, emphasizing the catastrophic implications for world, Indian, and American GDP.
US stocks: US market ends mixed as investors focus on Big Tech earnings
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major