After months of delays, President Donald Trump's contentious tariff barrage is now in effect. It imposes a wide variety of new import duties that are the steepest seen in nearly a century and that affect all of the country's trade partners.

US President Donald Trump signed the executive order on reciprocal tariffs on America's key trading partners including India on Wednesday. He called it 'Liberation Day' for America. With the executive order,

Donald Trump has announced a slew of economic tariffs on countries across the globe, including the UK, on Wednesday night in what he has branded “Liberation Day.”