News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
U.S. May Reportedly Scale Back Scope of Reciprocal Tariffs Effective on Apr 2
The U.S. White House is narrowing the scope of reciprocal tariffs set to take effect on April 2, potentially excluding some industry-specific tariffs, while still planning to impos...
Reset
Send
The window will close in 5 seconds
U.S. May Reportedly Scale Back Scope of Reciprocal Tariffs Effective on Apr 2
Close
Recommend
4
Positive
11
Negative
11
 
 

The U.S. White House is narrowing the scope of reciprocal tariffs set to take effect on April 2, potentially excluding some industry-specific tariffs, while still planning to impose reciprocal tariffs on select countries among the U.S.'s major trading partners, the Wall Street Journal reported.

Certain industry-specific tariffs are unlikely to be announced on April 2, the report cited U.S. government officials as saying. The White House is still preparing to unveil reciprocal tariff measures on that date, though the focus of these tariffs now appears more targeted than initially anticipated.

Related NewsImports YoY for Apr in China is 0.8%, higher than the previous value of -4.3%. The forecast was -5.9%.
Last week, U.S. Treasury Secretary Scott Bessent noted that the government is concentrating on approximately 15% of countries with persistent trade surpluses with the U.S. Such nations could face alarmingly high tariffs, potentially including Australia, Brazil, Canada, China, the EU, India, Japan, South Korea, Mexico, Russia, and Vietnam.

President Donald Trump may wield presidential emergency economic powers to begin imposing the new tariffs immediately on April 2, though a final decision has yet to be made.

AAStocks Financial News

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.