Trump Plans New Tariffs Amid Trade Disputes

US President Donald Trump is set to unveil new reciprocal tariffs on April 2, promising a 'very kind' approach towards trading partners while addressing perceived unfair trade practices. He has criticized high tariffs imposed by countries such as India, which charges a 100% tariff on American agricultural products, arguing that such barriers make it difficult for US exports to compete. Trump stated that his actions would mark a 'Liberation Day' for the United States, insisting that the nation has been exploited by others. Critics warn that this strategy could provoke a global trade war, leading to retaliation from major trading partners like China, Canada, and the EU. In response to the looming tariffs, China, South Korea, and Japan have begun to strengthen their trade relationships. The uncertainty surrounding the tariffs has already impacted global markets, raising fears of a recession.