Trump announces reciprocal tariffs targeting all trading partners including India

Donald Trump announced that the U.S. will impose "reciprocal tariffs" on all trading partners, citing India's high tariffs as a key reason. This move comes ahead of his meeting with Indian Prime Minister Narendra Modi. Trump stated that the tariffs will match those imposed by other countries, aiming for fairness in trade. He emphasized that this approach applies to all nations, including U.S. allies. The new tariffs could lead to increased prices in the U.S. and may provoke retaliatory measures from other countries. Trump has previously implemented various tariffs to address trade imbalances and unfair practices.