New Delhi, Aug. 4 -- The ongoing India-US trade standoff remains unresolved, with attention now focused on August 7-the date when the newly announced 25 percent tariff by PresidentTrump is set to take effect.

In a strong statement, SBI Research has criticised the move, calling it a 'bad business decision'. The agency further asserted that the consequences are likely to be more detrimental for the US than for India, citing factors such as America's lower GDP growth, higher inflation, and a weakening dollar.

In a comprehensive 25-page report, SBI Research noted that while the 25 percent tariff announcement may momentarily unsettle India, it is unlikely to cause lasting disruption.

The report emphasised that the 'mysterious forces of the ...