President Trump has announced reciprocal tariffs targeting countries like China and India, among others. The move challenges WTO principles and has sparked discussions on potential retaliatory measures. Developing countries face higher tariffs to protect their industries, while developed nations benefit from lower tariffs and open markets. President Trump has announced reciprocal tariffs targeting countries like China and India, among others. The move challenges WTO principles and has sparked discussions on potential retaliatory measures. Developing countries face higher tariffs to protect their industries, while developed nations benefit from lower tariffs and open markets. Economic Times