Trump: ‘I may give a lot of countries breaks’ on reciprocal tariffs
- U.S. President Donald Trump stated he 'may give a lot of countries breaks' from the reciprocal tariffs set for foreign trade starting next week.
- Reports indicate that the planned global matching of tariffs may be limited and exclude some countries and sectors, according to Bloomberg and The Wall Street Journal.
- Trump emphasized that the tariffs expected on April 2 would raise 'rather astronomical' amounts of money for the U.S.
- The administration may narrow the focus of the reciprocal tariff announcement to countries with significant trade surpluses and high trade barriers, as noted by senior Trump officials.
75 Articles
75 Articles
US targets Japan and EU with "Dirty 15" reciprocal tariffs
[Washington = Yasoshima Ayahei] There is a possibility that US President Trump will narrow down the targets of his signature policy, "reciprocal tariffs." The targets are expected to be the so-called "Dirty 15," countries and regions with high tariffs and non-tariff barriers. It appears that the focus will be on countries and regions with large trade deficits, such as the European Union (EU), Canada, and Mexico, and there is a high possibility t…
Trump auto tariffs are coming, but not all levies will be imposed April 2, sending stocks higher
WASHINGTON - US President Donald Trump said on Monday automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks, a move Wall Street took as a sign of flexibility on a matter that has roiled markets for weeks.
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