Slowdown in US and China to have bigger impact on India than bilateral tariffs: Swaminathan Aiyar

Swaminathan Aiyar suggests that while a financial meltdown has been averted due to bond market pressures on Trump, a US recession is highly probable. China will also feel recessionary effects, impacting global economies, including India, more significantly than bilateral tariffs. Uncertainty prevails as trade wars persist, with potential negative consequences for equities and global growth.