It is not every day that markets face such a situation: On the one hand, there is a strong tailwind in terms of macro-economic reform (GST rationalisation); but on the other, there is a headwind which may get stronger (US tariffs). The irony is that the headwind has nothing to do with real economic issues. Instead, it has essentially been created due to diplomatic reasons. Now, because the problem is peculiar, the solution also has to be
