New Delhi, April 3 -- US President Donald Trump is announcing a slew of self-described "reciprocal" tariffs on "friend and foe alike" as he turned up at the Rose Garden of the White House to address the world. The new tariffs - coming on what Trump has named "Liberation Day" - are coming as bid to boost US manufacturing and punish other countries for what Trump says are years of unfair trade practices.

Here is what Donald Trump said in his speech:

Starting his speech, Donald Trump labelled April to as "our declaration of economic independence".

"For years, hardworking American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense. But now it's our turn to prosper," he said.

In h...