India, April 2 -- Asian traders will soon be grappling with how to position themselves on the stock market today in the countdown to US President Donald Trump's sweeping tariffs announcement.

However, it is not very clear as to how far Donald Trump will go with his reciprocal global trade tariffs, since his team may actually be considering a new, middle-ground option, according to a Wall Street Journal report.

This uncertainty however, has shaken markets across the globe and has prompted economists to cut their growth forecasts and even forced central bankers to factor in the potential inflationary impact of import costs, according to a Bloomberg report.

In India, the benchmark BSE Sensex closed a staggering 1,390.41 points, or 1.80 pe...