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 Wednesday midnight. The new Trump tariffs are expected to change how trading works worldwide, risking cost increases and likely drawing retaliation from all sides.

"April 2nd, 2025 will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again and to make it wealthy, good and wealthy. For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike," says Donald Trump.

Donald Trump says, "Jobs and factories will come...