BUZZ-India at high risk of US reciprocal tariffs on pronounced tariff differentials - brokerages

India will be among the most impacted from a potential U.S. reciprocal tariff, brokerages say

U.S. President Donald Trump says he will announce plans to impose reciprocal tariffs on several countries in the next two days

Nomura says India and Thailand have higher tariff rates on U.S. exports and are thus at the risk of higher reciprocal tariffs

Morgn Stanley and Citi says tariff differentials most pronounced for India, making it vulnerable to a 4-6 percentage points hike

There may be scope for India to increase purchases in defence equipment, energy and aircraft to narrow trade surplus with U.S., three brokerages add

India's Prime Minister Narendra Modi is preparing additional tariff cuts ahead of a meeting with Trump this week to avoid a potential trade war