Trump Plans Tough Tariff Push, Limits Exceptions Ahead of April 2 Announcement
Trump Plans Tough Tariff Push, Limits Exceptions Ahead of April 2 Announcement

Trump Plans Tough Tariff Push, Limits Exceptions Ahead of April 2 Announcement

News summary

President Donald Trump has indicated that he plans to limit exceptions to his upcoming tariff announcements, which are set for April 2 and branded as 'Liberation Day.' In interviews, Trump has emphasized that while some exceptions may be considered, he does not want 'too many exceptions,' suggesting a hardline approach to trade negotiations with global partners. The tariffs are aimed at countries he believes impose unfair trade practices against the U.S., and he has hinted at a more lenient approach than strict reciprocity, although the details remain unclear. Trump's comments have spurred countries to rush for concessions to secure exemptions from the tariffs. The upcoming measures could target approximately 15 countries and include tariffs on various goods, from automobiles to semiconductors. Investors and businesses remain confused by Trump's fluctuating stance on the specifics of the tariffs and potential exemptions.

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Last Updated
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