India, Aug. 7 -- It is August 7 in the United States, and with that, US 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.

More details awaited.

Published by HT Digital Content Services with permission from Hindustan Times....