New Delhi, April 13 -- Financial advisory firm Prabhudas Lilladher asserted that US tariff war with China is of significant strategic imperative and is unlikely to wane off soon, even if the US enters into bilateral trade agreements with various countries.

According to the financial advisory firm, the current tariff stand-off will impact supply chains, global growth and money flow through first half of 2026 which could shave off 0.5 per cent from global GDP and result in increased volatility in commodities and currencies.

"Prolonged tariff wars, decline in global trade and lower spending by US corporates can hamper growth in IT services which can partly negate gains from cheaper crude oil prices. Higher quantum of dumping by China and o...