In a bold statement on social media, US President Donald Trump announced that the United States would unveil reciprocal tariffs later on Thursday, marking a significant shift in economic policy.
“Three great weeks, perhaps the best ever, but today is the big one: reciprocal tariffs!!! Make America great again!!!” Trump posted in all capital letters on his Truth Social platform, signaling a major development in his administration’s trade strategy.
The announcement comes ahead of a high-stakes meeting with Prime Minister Narendra Modi, set to take place soon. The two leaders are expected to discuss a range of trade issues, and the announcement of these tariffs suggests a potential change in US-India trade relations.
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Experts predict that this move could impact global trade dynamics, as reciprocal tariffs are designed to match tariffs imposed by other countries, potentially raising tensions on the international trade front.