Affordable housing lenders stare at defaults as MSME workers set to take the biggest hit of Trump’s tariffs

Affordable housing lenders are facing a surge in defaults, as "MSME workers are set to take the biggest hit of Trump's tariffs." The new tariffs, which are aimed at protecting American industries, will have a profound impact on MSMEs in India. The lenders are concerned that the tariffs could lead to job losses and a reduction in income, making it difficult for workers to repay their loans. This is a significant development and highlights the interconnectedness of the global economy.