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India and Japan show impact of Trump’s tariffs extend beyond trade

For a sign of the degree to which US President Donald Trump’s decision in August to double tariffs on most Indian goods to a staggering 50 per cent – the highest rate across Asia – is weighing on investor sentiment, look no further than the rupee. Having plumbed a series of record lows in recent months, India’s currency has been the worst performer in Asia this year and has breached the psychologically important level of 90 per US dollar. One of the last major economies yet to strike a trade...


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