New Delhi, April 2 -- US President Donald Trump has said that he will impose reciprocal tariffs on the country's global trading partners on Wednesday, effective from midnight. The new Trump tariffs are expected to change how trading works worldwide, risking cost increases and likely drawing retaliation from all sides.

Historic executive order

With a few exceptions, based on the charts Trump read out, the tariff rate being imposed by the U.S. on most countries was around half of what those countries charged. There were some exceptions in which the US charged the exact rates that those countries charged, according to the chart.

Donald Trump has said that India is "very very tough".

"PM Modi my friend but. they charge us 52 per cent", sa...