New Delhi, March 31 -- Analysts at Goldman Sachs have raised US tariff assumptions for the second time in less than a month, expecting the average tariff rate to rise 15 percentage points in 2025.

Terming the revision a "more aggressive assumption for reciprocal tariffs" Goldman Sachs said it expects US President Donald Trump to announce an average 15 per cent reciprocal tariff on all US trading partners on April 2.

The global financial firm, however, added that it expects some product and country exclusions, which could adjust the addition to the average US tariff rate to 9 percentage points.

"We expect President Trump to announce reciprocal tariffs that average 15 per cent across all US trading partners on April 2, although we expect...