NEW DELHI : The European Union managed to catch a breather as US President Trump’s delayed the imposition of 50 percent tariff till July 9, but higher levies on the single-currency bloc stand to threaten nearly 55 percent of its exports to America. However, a MC analysis shows that India stands to gain as much as $13.8 billion in imports, owing to higher tariffs on the EU.

While Trump’s tariffs would do little to dent the $305 billion of EU exports headed to the US, it would . . .