New Delhi, April 2 -- US President Donald Trump is expected to impose a host of new reciprocal tariffs on the country's global trading partners on Wednesday. The new Trump tariffs are expected to change how trading works worldwide, risking cost increases and likely drawing retaliation from all sides.

President Donald Trump appeared at the White House Rose Garden on Wednesday for a "Liberation Day" ceremony where he is expected to announce sweeping tariffs that could escalate a trade war and upend the global economy.

US President Donald Trump's administration confirmed on Wednesday that his 25 per cent global car and truck tariffs will take effect on Thursday and that duties on automotive parts imports will be launched on May 3.

In a Fe...