India, April 3 -- US President Donald Trump on Thursday unveiled a "discounted reciprocal tariff" of 26% on all imports from India as part of punitive measures against 60 countries that his administration claimed have the most unfair trade barriers against American products.

As part of his so-called "Liberation Day" measures to balance trade with countries around the world and to boost manufacturing within America, Trump announced a "baseline" 10% tariff on all US imports, with higher reciprocal levies on goods from the 60 countries that were specifically targeted, including India, China, Japan, the UK and European Union (EU) member states.

In a typically rambling speech announcing the tariffs at the Rose Garden of the White House, Trum...