India could be the latest direct victim of the US-China trade war. The increasing escalations have already slowed down global growth.
On March 4, President Donald Trump announced that the US intends to terminate India as a beneficiary developing country under the GSP programme. The 60-day notice period ended on May 3.
These developments could see India bowing out as a preferred trade partner to the US and may lose its trade.
Is there another way out?
Tune in to find out…
This article (US China Trade War Escalations and Election Results: Volatility Set to Rule) is authored by Equitymaster.