President Donald Trump’s shift in policy to reciprocal tariffs is a relief to markets, U.S. consumers and most trading partners.

The US administration walked the walk on tariffs by first announcing 25% levies on imports from Canada and Mexico, followed by a 10% tax on imports from China. While the actual implementation for Canada and Mexico is on hold for now, tariffs on China are already in place.

Investors would be wise to buckle up, because if a trade war does break out there will be losers and winners on both sides

U.S. President Donald Trump's threat to impose reciprocal tariffs from early April is feeding anxiety in India's export sectors from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.

United States President Donald Trump has threatened to impose reciprocal tariffs from April and this is making India's export sector anxious and Citi Research analysts are estimating potential losses worth $7 billion per year.