MUMBAI : Indian equities outperformed their Asian peers on Thursday, the day US President Donald Trump announced sweeping new tariffs that threaten to destabilize the world trade order. However, Siddhartha Bhaiya, managing director and chief investment officer of Aequitas Investment Consultancy, thinks a one-day reaction barely scratches the surface of the move’s impact. With the trade war just kicking off, it is too soon to call which markets will come out on top. “But one thing is certain that this does not look like benefiting anyone," he said. Bhaiya anticipates a further correction in the coming months, and thinks this…