The executive order’s Annex I lists 57 countries (83 when accounting for all European Union member states) that will face higher tariffs of up to 50%, which go into effect on April 9. The new tariffs will stack on previous product-specific tariff rates.

In the first detailed response to the US policy on tariff, Jaishankar said India is perhaps the only country to reach an understanding with Washington to seal a trade deal after Trump assumed the presidency for the second time.

President Donald Trump has promised to unleash a wave of dollar-for-dollar reciprocal tariffs on nations that he feels are treating the United States unfairly in terms of trade, either through higher tariffs or non-tariff trade barriers.

The administration revealed how they calculated the tariffs. Buried in that math is a straightforward answer to a question Trump has long refused to answer: How much will his tariffs raise prices?

For example, if the U.S. is facing a significant trade deficit with Country A, the government may impose a reciprocal tariff to increase the cost of imports from that nation. This, in theory, helps to decrease the volume of imports while also encouraging consumers to purchase domestic alternatives, ultimately supporting local industries.

In April 2025, the United States government issued an Executive Order imposing sweeping reciprocal tariffs on imports from dozens of countries, marking a pivotal turn in global trade policy. ..

The breadth, speed and severity of President Trump’s actions, which he finalized only shortly before the Rose Garden announcement, sparked immediate panic across markets and among allies. The airwaves filled with dire predictions as people scrutinized the sources and sizes of the numbers,

Reciprocal, retaliatory, uncertainty—these words now dominate discussions about tariffs, once a distant trade issue but now a daily concern. Companies across industries are scrambling to understand their implications and devise action plans.

Trump said reciprocal tariffs on many countries ... “We’re spending a lot of time interpreting and understanding what the tariff implications are for us of course in the United States but ...

The announcement of reciprocal tariffs is likely to open up fresh rounds of bilateral tariff negotiations and unilateral actions. This may also result in re-alignment of supply chains which were thus far reliant on rule-based trade under WTO.