New Delhi, Feb. 15 -- US President Donald Trump has announced on his Truth Social platform, a "Reciprocal Tariff" system aimed at addressing what he calls "unfair" international trade practices. Trump declared that under this policy, the US would impose tariffs identical to those levied by other nations on American goods and services.

"On Trade, I have decided, for purposes of Fairness, that I will charge a RECIPROCAL Tariff meaning, whatever Countries charge the United States of America, we will charge them - No more, no less!" Trump stated. He emphasised that this measure would create a "level playing field for American workers."

Trump also indicated that countries using a Value-Added Tax (VAT) system, which he described as "far more ...