Trump to unveil reciprocal tariffs in trade strategy announcement

President Trump announced he will reveal "reciprocal tariffs" on Thursday, aiming to match U.S. tariff rates with those imposed by other countries. This move is part of his ongoing trade strategy since taking office. The announcement comes before a meeting with Indian Prime Minister Narendra Modi, who has already offered some tariff concessions. Analysts warn that these reciprocal tariffs could lead to higher tariffs for emerging markets like India and Thailand. Concerns about inflation have been raised, as economists suggest that these tariffs may increase costs for consumers. Trump's approach aims to ensure fair treatment for U.S. exports and address trade imbalances.