Economists at global banks from Morgan Stanley to Nomura Holdings Inc. have identified India and Thailand as among the nations most exposed to risks from President Donald Trump’s vow to impose reciprocal tariffs on trading partners.

By Sarita Chaganti Singh, Shivangi Acharya and Shivam Patel NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi is preparing additional tariff cuts ahead of a meeting this week with U.S. President Donald Trump that could boost American exports to India and avoid a potential trade war,

The report pointed out that India has relatively higher tariff rates compared to other countries, making it vulnerable to US retaliatory measures.

Just days before Prime Minister Narendra Modi’s visit to Washington, US President Donald Trump has announced a blanket 25 per cent tariff on all steel and aluminium imports, with no exemptions, reported The Hindu.

President Trump has issued new threats of a 25% tariff on steel and aluminium imports, targeting countries like India. India's recent reductions in du

With India’s steel industry already facing global competition, higher US tariffs could lead to a slowdown in exports as well as increased production costs, according to the Financial Times.

Amid Donald Trump's repeated statements threatening tariffs on imported goods into the US, the Indian Prime Minister's visit to the US may seek to address this issue. The Indian side may attempt to resolve tensions by expanding imports from the US.

The two Asian countries stand out because the tariffs they impose on the US are, on average, far above the rate charged on them by the US, according to a range of estimates from analysts who considered scenarios of like-for-like levies.

Prime Minister Narendra Modi will be holding his first bilateral meeting with United States President Donald Trump on February 13 even as both sides are expected to talk tough on trade while Washington will be keen to take up the matter concerning the renewal of Defence Cooperation Framework for the next 10 years,