US President Donald Trump’s additional tariffs on India will further damage the South Asian nation’s already slowing economy and shrink its gross domestic product by as much as a percentage point, analysts said.

"Real Cost of Trump’s Tariff Game — Economists predict: US GDP may shrink by $108 billion annually. Each US household could lose ~$861/year. Consumer prices will surge. US exports may drop by $451 billion. So who’s really paying the price? Americans," the post read.

In a major decision by the Trump administration, US President Donald Trump imposed an additional 25 per cent tariff on imports from India, making the total tariff against India 50 per cent. In light of this,