New Delhi, March 30 -- US President Donald Trump is set to unveil his most significant round of tariffs yet on April 2, a day he has called "Liberation Day." The announcement is expected to include sweeping reciprocal tariffs aimed at nations with trade imbalances against the US.

Trump has framed the move as necessary to restore economic fairness. "For DECADES we have been ripped off and abused by every nation in the World, both friend and foe. Now it is finally time for the Good Ol' USA to get some of that MONEY, and RESPECT, BACK. GOD BLESS AMERICA!!!" he wrote on Truth Social.

The new tariff package will introduce reciprocal tariffs, meaning the US will match the import duties that other countries impose on American goods. Treasury S...