Japanese financial services Nomura has downplayed the impact of the protectionist trade policies of the US President Donald Trump on the country. Japanese financial services major Nomura has downplayed the impact of the protectionist trade policies of the US President Donald Trump on the country as it sees only 10 bps hit on GDP at 6.8% in 2017. As per Nomura, Trump plans to raise H-1B minimum salaries, give preference to Americans over foreigners, limit green cards and scrap H-1B extensions, can hit the country. Besides, increased US trade protectionism will also hurt India, but more indirectly, as India is not a part of the now scrapped Trans-Pacific Partnership. However, Nomura noted that geopolitically, India stands to benefit as Trump seems to believe that a nuclear India is the real check to Pakistan.

Source: dna January 29, 2017 10:52 UTC