Donald Trump announces sweeping reciprocal tariffs | BBC News India

“Reciprocal. That means they do it to us, and we do it to them.” US President Donald Trump has announced universal 10% tariffs on imports to the US, calling it “Liberation Day.” Trump said he will start a “golden age” for America and added that it’s time for the US to “prosper” in a speech which hit out at major trade partners Canada and Mexico. Tariffs are a tax on goods as they enter the country, proportional to the value of the import. The charge is paid by the domestic company that imports the goods and not the foreign company that exports them. #donaldtrump #donaldtrumponindiatariffs #reciprocaltarrifs #trumpontariffs #donaldtrumponreciprocaltariffs Click here to subscribe to our channel ?? https://bbc.in/3whmDp3 ----------------------------------- This is the official BBC News India channel. If you want to understand and follow the India story, we hope this will be your home. Here, you’ll find stories that move your heart and explainers, interviews and documentaries on issues that you care about. Don’t expect a 24/7 stream of news, we are not that channel. But you can look forward to top-quality BBC journalism that will help you make sense of what’s happening around you. Do comment on our videos and posts because we will be reading them and taking them on board, and if you like what we do, you can also find us here BBC Website ??https://bbc.in/3XjgjcP Instagram ?? https://bbc.in/3GNTSVW Facebook ?? https://bbc.in/3XgMc5M Twitter ?? https://bbc.in/3XlbAXZ Thanks for following us! #BBCNewsIndia #India