India, Feb. 27 -- Indian shares may drift lower on Friday after U.S. President Donald Trump said his proposed 25 percent tariffs on Mexican and Canadian goods will take effect on March 4 along with an extra 10 percent duty on Chinese imports over the fentanyl opioid crisis.
His comments came as officials from Mexico and Canada were in Washington for discussions aimed at heading off that plan.
The U.S. 10-year Treasury yield fell below the 3-month note on Wednesday, forming an "inverted yield curve and signaling the likelihood of a recession within 12 to 18 months.
India's Q3 GDP data is due later in the day and it is estimated that weak urban consumption along with moderation in real estate activity will likely drag economic growth.
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