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Below the Quote on US Tariffs, impact on sectors and Indian economy by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher

“April, 2 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again - Trump The Tariffs Trump unveiled were worse than what the market had established as a worst case scenario

Large Tariff shocks threatens US and global recession If these policies, if sustained - would likely push the US and Global Economy into recession this year.

In very general terms, Canada and Mexico have got off lightly, while those in Asia, particularly China and Vietnam, have been hit hard. The European Union and Japan sit somewhere in the middle. Just the hope - no one retaliate Since If you retaliate, there will be escalation. If you don’t retaliate, this is the high water mark”

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