US President Donald Trump on Wednesday announced that the reciprocal tariffs would take effect at midnight, targeting countries he said have exploited the United States for years.In a series of posts on Truth Social, Trump said the tariffs would bring in billions of dollars, while once again attacking the US judicial system, warning that only a “radical left court” could stop America’s rise.“Reciprocal tariffs take effect at midnight tonight! billions of dollars, largely from countries that have taken advantage of the United States for many years, laughing all the way, will start flowing into the USA,” Trump posted.“The only thing that can stop America’s greatness would be a radical left court that wants to see our country fail!” he added, as his newly announced tariffs are already facing legal challenges in US federal courts.Trump again followed up with another triumphant post saying, “It’s midnight!!! billions of dollars in tariffs are now flowing into the United states of America!”Earlier on Wednesday, Trump signed an executive order imposing an additional 25% tariff on all goods imported from India, citing national security and foreign policy concerns. The White House claimed that India’s continued purchase of Russian oil, directly or indirectly — poses an “unusual and extraordinary threat” to the United States.With this move, the total tariff on Indian goods entering the US will rise to 50%. The first 25% tariff will take effect on August 7, and the second round will begin 21 days later. According to the directive, the new duties will apply to all Indian imports except those already in transit or granted specific exemptions.India strongly criticised the decision, calling it “unfair, unjustified, and unreasonable” warning, that “India will take all actions necessary to protect its national interests.”

Donald Trump Tariffs: Rates For Different Countries

The White House announced that starting just after midnight, goods from over 60 countries including key allies would face new tariff rates of 10% or more. He also threatened to slap a 100% tariff on certain semiconductors and reaffirmed plans to introduce more tariffs on foreign-made medicines and other goods.Trump said the tariffs are expected to bring billions of dollars into the US economy. “I think the growth is going to be unprecedented,” he had said, adding that while the exact revenue figures are not yet known, “we’re taking in hundreds of billions of dollars in tariffs.”