US President Donald Trump announced a 10% baseline tariff on all imports starting April 5. Additional tariffs on specific countries will begin on April 9. These tariffs target nations with unfair trade practices.

President Trump unveiled new tariffs on allies and adversaries, targeting unfair trade practices. India, China, the EU, and Vietnam are among the countries facing significant tariffs on their goods. The 'Fair and Reciprocal Plan' aims to boost US manufacturing and ensure balanced trade relationships.

The U.S. slapped a 26% reciprocal tariff on India in a setback to the South Asian country's expectation of getting relief from President Donald Trump's global trade policy that has unnerved world markets for weeks.