New Delhi, Aug. 9 -- Countries should respond collectively to the latest tariffs imposed by the United States administration rather than pursuing separate bilateral deals, according to investment strategist Christopher Wood.

In the latest edition of Jefferies' 'GREED & fear' report, Wood warned that fragmented responses would weaken the multilateral trade system that has underpinned decades of global prosperity.

GREED & fear advises the "rest of the world to act collectively rather than each country seeking to do its own deal with the US."

Wood referred to the imposition of 50 per cent tariffs on goods from India and Brazil, alongside a 100 per cent tariff on imported semiconductor chips, as what he termed "xenophobic autarky".

Accord...