Trump proposes reciprocal tariffs in response to foreign trade barriers

President Donald Trump has proposed "reciprocal tariffs" on countries that impose tariffs on U.S. goods. He stated that the U.S. has been at a disadvantage, facing high tariffs while charging lower rates. This announcement coincides with Indian Prime Minister Narendra Modi's visit to the U.S. Trump has criticized India's tariffs, which average over 10%, compared to the U.S. average of 2.3%. Recently, Trump imposed 25% tariffs on steel and aluminum imports, effective March 12, and a 10% tariff on Chinese imports. These measures are part of an ongoing trade strategy that has raised concerns about inflation and economic impact.