New Delhi, March 31 -- US President Donald Trump is set to unveil a sweeping tariff plan on April 2, a date he has branded as "Liberation Day." The plan, centered around so-called reciprocal tariffs, aims to rebalance global trade, boost American manufacturing, and generate substantial revenue for domestic policy priorities. However, the broad scope of these tariffs, potentially covering all nations, has stoked fears of a global trade war.

Despite the imminent rollout, the White House has not specified the exact tariff rates, how they will be calculated, or which countries might qualify for exemptions. Trump has also hinted that non-tariff barriers will be factored into the calculations, but no methodology has been provided.

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