U.S. President Donald Trump is gearing up to announce reciprocal tariffs as tensions mount in international trade relations. The White House has indicated that these tariffs, which could impact several countries including allies like India and Thailand, may be revealed as early as Thursday. Trump has emphasized that these measures are meant to benefit American workers but fears are growing that they could lead to higher prices for consumers and strain ties with key trading partners. Market responses are already noticeable, with shares of South Korean automakers rising amid speculation of tariff exemptions. As Trump prepares his announcement, the implications of these reciprocal tariffs could usher in a significant economic showdown.