Reciprocal tariff in usa: America imposed new tariff, in the world economies including India – threatened the threat of global trade war

Donald Trump Tariff: Since 2 April 2025, the United States has announced to impose new counter tariffs on countries around the world, which can be seen to be seen on India, Canada, Mexico and other big economies. US President Donald Trump was active for a long time about the decision and is now presenting it as ‘Liberation Day’.

Even before this tariff is implemented, the echo of its impact has also been heard in the Indian stock market. Investors have become alert, and the possibility of global trade war internationally is deepening.

Official confirmation of White House – New tariffs will be implemented from today

White House Press Secretary Caroline Leevit on Tuesday made it clear that the US is going to implement tariffs from April 2. He said that the Trump government aims to give equal opportunities to American workers and protection to domestic industries.

In the press conference, Livit said that President Trump has worked on a detailed plan with his business advisors on the subject and will make a formal announcement at the Rose Garden of the White House at 4 pm today (April 2).

Large economies under pressure, roads open for interaction

Caroline Levit also confirmed that Trump is ready to negotiate with any foreign leader or industry representative. He said that “If someone demands exemption, we are always ready for talks.” It is clear from this that interaction options are open with some countries, but America’s stand is very tough this time.

On the other hand, countries like Canada, Mexico and India can be the most affected by this tariff, as these countries have major import-export relations with America.

What is tariff and why is this such a big issue?

Tariff means customs – In the general language, it is a kind of tax that governments impose on import or exported products and services. Its purpose is to save the country’s domestic industries from cheap products coming from outside, earn revenue and balance international trade.

For example, if India imposes 10% import duty on any goods coming from America, then in response, the US can also impose 10% tariff on goods coming from India. This is called retaliatory tariff.

Why is the threat of global trade war hovering?

• When a big country like America imposes such counter -tariffs, other countries also retaliate.
• This makes business expensive, goods reach consumers at expensive prices.
• Demand declines, affecting production and employment.
• Uncertainty increases in multinational companies and investors.

This is the reason that with the announcement of this tariff, markets and governments around the world have become alert.

What can be the effect on India?

Trade between India and America has increased rapidly over the years, especially in technology, pharma, and automobile sector. If America imposes more tariffs on products coming from India, it can affect the profit margin of Indian companies.

At the same time, Indian exporters may have to find new markets and their goods may be less competitive in the US market. This can also affect export and GDP growth.