India, Aug. 1 -- US President Donald Trump on Thursday signed an executive order introducing new tariffs on a broad range of its trading partners, including India, set to come into effect on August 7.

The order imposes so-called "reciprocal" tariffs ranging from 10% to 41% on imports into the United States from dozens of countries and foreign territories. This move represents the next stage in his trade strategy, one that is likely to challenge the global economy and long-standing American alliances built over several decades.

A senior White House official stated on Thursday that the increased tariffs would be implemented on August 7 and that the delay was intended to allow customs and border authorities sufficient time to "implement" t...