US President Donald Trump on Friday announced that he will soon impose reciprocal tariffs on countries like India and China, asserting that the United States will charge the same tariffs these nations impose on American goods.

Donald Trump has doubled down on his plan to impose reciprocal traffic on India, saying they are coming ‘soon’. ‘They charge, we charge,’ the US President said.

U.S. President Donald Trump's threat to impose reciprocal tariffs from early April is feeding anxiety in India's export sectors from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.

President Donald Trump and Indian Prime Minister Narendra Modi held a joint news conference as the two leaders work toward a trade deal and try to reinforce a relationship. Earlie

Here’s what you need to know about reciprocal tariffs and who might be impacted by Trump’s plan. Reciprocal tariffs refer to tariffs—the taxes charged on imported goods—the U.S. government plans to levy against global trading partners that are equal to the existing tariffs foreign countries have set against American goods.

Reciprocal and retaliatory tariffs are imposed by countries to match hikes in duties or high tariffs by trading partners.

President Donald Trump’s desire to get even on countries by matching tariffs they have on American goods could come at a steep cost.

US President Donald Trump says India will not be spared from reciprocal tariffs, emphasizing that 'nobody can argue with me' on tariff structure. He told Prime Minister Modi that the US will impose tariffs matching those India charges on American goods.

President Trump had previously imposed an additional 10% tariff on all Chinese imports, resulting in retaliatory tariffs from China.

As Donald Trump unleashes round two of his trade wars, an analysis of the way global commerce has rewired since his first presidency shows how Vietnam, Mexico and Canada are exposed this time around as a new era of American protectionism unfolds.