Trump Plans Reciprocal Tariffs Targeting 25 Countries

President Trump is expected to announce new reciprocal tariffs targeting 15 to 25 countries, including major economies like Japan and the EU, during an event on April 2. Analysts suggest these tariffs may focus on sectors such as automotive, pharmaceuticals, and semiconductors, with the potential to exacerbate inflation and negatively impact global growth. Trump's approach aims to address trade imbalances, and he has indicated a desire to limit exceptions to the tariffs. Business sectors are advised to review their contractual agreements in light of the potential for complex tariff regulations, which could vary significantly by country. The impending tariffs could disrupt trade relationships and have substantial implications for industries dependent on international trade, including tourism. Countries like Canada, Mexico, and several European nations are anticipated to feel significant effects from these trade policies.