President Donald Trump's plan for "reciprocal tariffs" on US trading partners are set to spark a flurry of negotiations that could bring reductions in levies -- but analysts warn that it also risks painful retaliation.

US President Donald Trump has introduced reciprocal tariffs, matching the tariffs foreign countries impose on American goods. Targeting nations with the highest trade deficits and higher average tariffs,

India faces significant risk from potential U.S. reciprocal tariffs due to a tariff differential that exceeds 10 percentage points. Economists predict tariff hikes for India and Thailand if the U.S. aims to reduce its trade deficit,