(Reuters) -Indian shares are set to open lower on Thursday after U.S. President Donald Trump threatened a 25% tariff on goods imported from the country starting August 1 and an unspecified penalty. The 25% figure would single out India more severely than other major trading partners,

That’s a steeper hit than the 15% to 20% range applied on several regional peers.India’s stock benchmark has lagged most major global peers this year amid concerns over a slowdown in its economy and corporate earnings.

The recent 25% tariffs imposed by President Trump on Indian goods are sending ripples through the Indian stock market and economy. As investors reassess their strategies amidst ongoing trade negotiations,