Commerce Secretary Howard Lutnick wants to separate government spending from GDP, which economists worry could lead to cherry-picking data for political gain.

China trade war and global uncertainty will impact India's GDP and world trade, leading to slower economic growth. He predicts a potential severe fall in equity markets and emphasizes that India's role in this geopolitical shift is minimal,

Economist Swaminathan Aiyar has said that India could also feature on Trump's tariff list. But he said that tariffs impact on India would to be very little as India is not a very big market exporter to the USA compared with various others.

Voters sent President Donald Trump back to the Oval Office on his pledge to lower costs on Day One and usher in a new “golden age” of American prosperity. But the dizzying pace of his executive actions has unnerved some economists who are projecting a downturn or even a recession.

The US economy is set to experience some "disturbance" from tariffs, President Donald Trump said Tuesday, as trade tensions flare after he imposed sweeping levies on Mexico, Canada and China.