India, Aug. 7 -- It is August 7 in the United States and President Donald Trump's deadline for imposition of reciprocal tariffs has ended. With this, the 25 per cent reciprocal tariffs that Trump announced for India last week have taken effect.

Trump celebrated the development through a post on Truth Social, saying billions of dollars are flowing into the US with the imposition of the reciprocal tariffs.

"It's midnight!! Billions of dollars in tariffs are now flowing into the United States of America!" Trump wrote in all capital letters. In a post made prior to this one, Trump said that the big amounts of money would flow in from countries that have "taken advantage" of the US for years.

"The only thing that can stop America's greatnes...