New Delhi, March 6 -- India and Thailand may face increased reciprocal tariffs from the United States due to their higher relative tariff rates and non-tariff barriers, according to a recent analysis by Nomura. The report highlights that Washington's trade policy shift under President Donald Trump could lead to broader tariff impositions across emerging and developed Asian economies.

Nomura's assessment suggests that the inclusion of non-tariff barriers-such as import policies, technical trade restrictions, and sanitary measures-raises the probability of reciprocal tariffs across multiple Asian nations. The report identifies India and Thailand as being particularly vulnerable due to their higher tariffs on US exports, especially in key s...