Trump Tariffs To Slow Global Growth, Says JPMorgan India Economist

Sajjid Chinoy, Managing Director and Chief India Economist at JPMorgan told NDTV Profit that US tariffs will lead to a synchronized global economic slowdown in the second half of the year. The US economy is expected to slow in 2H2025 while China has already begun to slow. However, the biggest concern is Asia - outside of India, expecially the ASEAN countries. Chinoy added that exports in ASEAN economies and the rest of Asia until the middle of the year, are running at a 20% annualized rate, which is never going to sustain.