Trump's Tariff Maneuver: A Sector-Specific Exclusion

The Trump administration plans to exclude sector-specific tariffs while still applying reciprocal levies on April 2. This decision follows earlier intentions to impose significant duties on imports like autos, semiconductors, and pharmaceuticals. Despite the exclusion, the White House confirms the implementation of new tariff rates as planned.

The Trump administration is adjusting its tariff strategy, excluding sector-specific tariffs from its upcoming reciprocal levies set for April 2, sources within Bloomberg News and the Wall Street Journal reveal. Originally intending to impose heavy tariffs on specific imports, adjustments have been made after lobbying by major U.S. automakers.

According to a Wall Street Journal source, while sector-specific tariffs will not be announced, the administration still plans to unveil reciprocal measures. This comes amid a continuing fluid planning process, underscoring a shift from previous announcements by Treasury Secretary Scott Bessent regarding potential delays.

Amidst this adaptive strategy, the White House has yet to officially comment outside of regular business hours, maintaining focus on executing new tariff measures as initially scheduled.

(With inputs from agencies.)