Trump announces reciprocal tariffs: Ahead of his meeting with PM Modi, US President Donald Trump on Thursday announced that he has decided to move ahead with reciprocal tariffs. He said if countries charge the US with tax, they will be charged back. He added, “Reciprocal tariffs – meaning, whatever countries charge the United States of America, we will charge them – no more, no less. They charge us with tax and tariffs, it’s very simple we will charge them with exact tax and tariffs.” Trump said, “India has more tariffs than nearly any other country.”