Trump Tariffs, April 3 -- On April 2, US President Donald Trump introduced broad reciprocal tariffs on trade partners of the world's largest economy.

Dubbed 'Liberation Day,' the announcement applied to over 180 countries without any exemptions. In addition to country-specific tariffs, Trump also introduced a 10% baseline tariff.

However, he set reciprocal tariffs at just half the rate that other countries impose on U.S. products. Even so, this was enough to shake the market, causing Dow Jones Futures to drop over 1.5% following the tariff announcement.

He announced a 26 per cent reciprocal tariff on India, which is half of what India levies on US imports. Additionally, Trump imposed a 25 per cent tariff on automobile imports into the ...