India, April 30 -- US President Donald Trump imposed sweeping new 'reciprocal tariffs' ranging from 10 per cent to 49 per cent on imports from nearly 60 countries, The move risks igniting retaliatory measures worldwide, with early signs of deepening economic strain already visible in the tit-for-tat tariff war with China

Issuing an executive order citing "national emergency" on April 2, 2025, US President Donald Trump slapped additional customs duties branded as "reciprocal tariffs" (RTs) - in the range of 10 - 49 per cent - on nearly 60 countries including India, which faces a 26 per cent extra levy on most products across industrial and farm categories. While a 10 per cent baseline duty is applicable from April 5, 2025, the full additi...