Apr 03, 2025
Khushi Kumari
Trump’s Reciprocal Tariff Plan: A Game Changer for Global Trade?
Former U.S. President Donald Trump has announced a new reciprocal tariff policy, targeting countries imposing high duties on American goods
Under this policy, the U.S. will impose the same tariffs on countries that charge high duties on American products
Major economies like India, China, and the European Union could be hardest hit by the new tariff system
India, known for high import duties on certain U.S. goods, may face similar tariffs on its exports to the U.S
China, already in a trade war with the U.S., could see further restrictions on its exports under Trump’s proposed policy
Key industries such as technology, automobiles, and agriculture could face the biggest challenges
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