US Plans Reciprocal Tariffs Starting April 2

President Trump has reaffirmed his commitment to implementing reciprocal tariffs starting April 2, calling it a 'liberating day' for the United States. This move aims to charge foreign countries equivalent tariffs to those imposed on U.S. goods, as part of a broader economic strategy to reclaim lost wealth. Treasury Secretary Scott Bessent noted that each country will receive a tailored assessment of their tariff levels and barriers on that date. While Trump has ruled out exemptions for any countries, he hinted that companies relocating manufacturing to the U.S. could avoid these tariffs. The announcement has raised concerns in the markets about potential economic repercussions, although Bessent suggested the underlying economy remains strong. Trump's administration emphasizes that these tariffs are crucial for addressing trade imbalances, particularly with nations like China and India.