New Delhi, March 4 -- US President Donald Trump has confirmed that reciprocal tariffs will take effect on April 2. The new tariffs are set to target imports from countries that have levied high duties on US goods, aiming to level the playing field and protect American industries.

In mid-February, Trump unveiled the new reciprocal trade policy aimed at restoring fairness in global trade. Under this policy, he said the United States will impose tariffs on imports that match those of other countries. Trump stated that the US will charge a reciprocal tariff, meaning the tariffs will mirror those imposed by other nations-no more, no less.

Trump also addressed countries with Value-Added Tax (VAT) systems, which he considers more punitive than...