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International Business Times
International Business Times
World

What Are Reciprocal Tariffs And Who Might Be Affected?

US President Donald Trump, during election campaigning, promised "an eye for an eye, a tariff for a tariff" (Credit: AFP)

US President Donald Trump has threatened to open new fronts in his tariffs war by announcing reciprocal levies on other countries as soon as Tuesday, branding this "the only fair way" to trade.

Trump's fresh salvo could bring a broad tariff hike to emerging market economies like India and take aim at European Union value-added taxes, fanning tensions with the bloc, analysts warn.

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