President Trump ordered reciprocal tariffs placed on countries found to treat US imports unfairly — with the European Union, India and Japan among the targets. Thursday’s order requires the Office of the US Trade Representative and Commerce Secretary-designate Howard Lutnick to rapidly draft recommendations — with the Office of Management and Budget due to submit a fiscal-impact report within 180 days,

President Trump orders new reciprocal tariffs, aiming to overhaul global trade rules and pressure companies to manufacture in the US, sparking global tensions.

As two-way trade expands, India’s surplus is growing. President Trump is expected to press Prime Minister Narendra Modi to lower tariffs.