New Delhi, March 5 -- Nomura has recently highlighted the potential vulnerability of emerging Asian economies, particularly India and Thailand, to reciprocal tariffs from the United States.

The financial research firm warns that these tariffs could be imposed based on multiple factors, including tariff rates, value-added tax (VAT), and non-tariff barriers.

According to Sonal Varma, Chief Economist for Asia ex-Japan and India, Nomura, emerging Asian economies face higher relative tariff rates on US exports.

The sectors most likely to be impacted include animals, vegetables, food products, textiles, clothing, footwear, and transportation equipment. Agricultural products and transportation sectors are expected to be particularly sensitive...