Trump tariffs, April 3 -- US President Donald Trump announced sweeping reciprocal tariffs on the trading partners of the world's largest economy on April 2.

Trump's 'Liberation Day' announcements had no country-specific exclusions as he announced new tariff rates for more than 180 countries. Apart from country-specific tariffs, Trump also announced the imposition of a 10 per cent baseline tariff.

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However, he imposed reciprocal tariffs at only half the rate other countries charge on US products. Still, this was enough to unsettle the market, as Dow Jones Futures tumbled more than 1.5 per cent after the tariff announcement.

He announced a 26 per cent reciprocal tariff on India-hal...