India, Feb. 14 -- US President Donald Trump said he would announce a plan to enact reciprocal tariffs on Thursday, though the duties will not take effect immediately, the latest example of brinkmanship from the president against US trading partners. Trump is expected to speak to reporters about new reciprocal tariffs in a few minutes.

Trump on his social media said he would reveal his long-awaited proposal. Yet the tariffs the president is poised to announce would not take effect for weeks, if not months, according to people familiar with the matter. The president is expected to direct the US Trade Representative to take over the process on reciprocal tariffs, the people said, requesting anonymity to discuss the information before it is ...