New Delhi, Feb. 18 -- US President Donald Trump has announced a new trade policy under which the United States will impose tariffs that match those of other countries. According to Trump, the US will charge a reciprocal tariff based on what other nations charge America-no more, no less. Countries using a VAT system, which he considers more punitive than traditional tariffs, will be treated similarly.

Trump further stated that the US will not tolerate countries sending goods through third nations to bypass tariffs and harm the US economy. He also mentioned addressing subsidies, non-monetary tariffs, and trade barriers that prevent US products or businesses from entering foreign markets. The US can assess these non-monetary trade barriers ...