India, April 3 -- US President Donald Trump's administration reciprocal tariff bombshell has set alarm bells ringing across the world, with even an uninhabited island where only penguins and seals live also not being spared from the taxes that the Republican said he has slapped on countries that "looted" and "raped" America for decades.

Donald Trump's anxiously awaited reciprocal tariffs on other countries start with a baseline of 10 per cent and go up to almost 50 per cent. Follow Donald Trump tariff news LIVE updates

The Donald Trump administration reportedly decided reciprocal tariffs on countries with a new method for calculating the charges on foreign nations, shifting from its previous focus on matching tariff rates and trade barr...