India, April 3 -- US President Donald Trump's reciprocal tariff announcements on Wednesday left Canada and Mexico breathing a sigh of relief Wednesday as they were excluded from a new wave of reciprocal tariffs, which were slapped on countries starting with a baseline 10 per cent charge on imports going up to 45 per cent.

US President Donald Trump announced his sweeping reciprocal tariffs on Wednesday from the White House, saying "our country has been looted, pillaged, raped, plundered" by other nations. Follow Trump tariff news LIVE updates

While Canada and Mexico were exempted from Donald Trump's April 2 reciprocal tariffs, it doesn't mean they do not face any action at all. Existing tariffs on Canadian and Mexican goods are already i...