Trump announces reciprocal tariffs targeting India and other countries

Donald Trump has announced new reciprocal tariffs, stating that India has high tariffs compared to the U.S. This move aims to create a more balanced trade relationship and will affect various countries, including India, Brazil, and others with significant trade surpluses with the U.S. The U.S. will impose tariffs equal to those charged by other countries on American goods. This plan will be investigated by U.S. agencies, with a report expected by April 1. Trump indicated that tariffs could be implemented sooner based on existing data. The tariffs could impact emerging markets with high duties on U.S. products. Economists warn that these measures may lead to a global trade war and could increase costs for American consumers already facing inflation.