Days after meeting Prime Minister Narendra Modi in Washington DC, US President Donald Trump said he will "soon" impose reciprocal tariffs on countries such as India and China.

President Donald Trump announced that the US will impose reciprocal tariffs on countries like India and China, ensuring fair trade practices. Trump stressed this point during Prime Minister Narendra Modi's visit and reiterated it at Commerce Secretary Howard Lutnick's swearing-in.

U.S. President Donald Trump's threat to impose reciprocal tariffs from early April is feeding anxiety in India's export sectors from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.

The Indian economy is mainly driven by domestic demand, and has substantial services exports, which is not going to be targeted by the Trump Administration, according to S&P Global Ratings.

Here’s what you need to know about reciprocal tariffs and who might be impacted by Trump’s plan. Reciprocal tariffs refer to tariffs—the taxes charged on imported goods—the U.S. government plans to levy against global trading partners that are equal to the existing tariffs foreign countries have set against American goods.

President Donald Trump and Indian Prime Minister Narendra Modi held a joint news conference as the two leaders work toward a trade deal and try to reinforce a relationship. Earlie

Reciprocal U.S. trade tariffs proposed by President Donald Trump are unlikely to have a significant negative bearing on the rupee, the head of global foreign exchange at Jefferies said.