The U.S. has concluded trade frameworks with top trading partners including the European Union, Japan and South Korea. But deals with others remain works in progress, and Trump is also targeting specific industries like semiconductors that are used by millions of Americans across a wide range of products.

Global financial markets are reacting to President Donald Trump's tariff adjustments. Markets rose across much of Europe and Asia, while stocks are slipping on Wall Street.

President Donald Trump’s sweeping new tariffs finally took effect on Thursday, slapping levies on dozens of countries and risking price increases for a host of everyday goods. Tariffs between 10% and 41% were applied to nearly 70 countries beginning at 12:01 a.m. Thursday, significantly expanding the reach of Trump’s confrontational trade policy.

India is unhappy with the Trump administration’s trade negotiations. On Wednesday, President Donald Trump doubled the tariffs on the South Asian country to 50%. India already struggled to strike a deal that the Trump White House considered “fair” enough so it faced a 25% rate in reciprocal tariffs.

Within minutes of President Trump’s announcement of an additional 25 percent tariff — raising the total levy on Indian imports to 50 percent, one of the highest he has imposed on any country — India condemned the move as “unfair,

Announced on Wednesday, the 25 per cent levy takes the earlier announced tariffs of the same amount on Indian imports to US to a the highest imposed by Washington on any trading parner. It is set to take full effect by August 27.