Trump announces reciprocal tariffs targeting India ahead of Modi meeting

President Trump has announced plans for "reciprocal tariffs" aimed at addressing trade imbalances with various countries, specifically targeting India for its high tariffs on U.S. goods. This move comes ahead of his meeting with Prime Minister Modi. The tariffs will be customized for each country and will consider both direct tariffs and non-tariff barriers. Implementation of these tariffs may take several weeks or months, with no specific start date provided. Trump stated that many countries charge the U.S. significantly higher tariffs than the U.S. charges them. He emphasized that this policy aims to create fairness in trade relations.