Odaily星球日报讯 白宫文件显示，一些商品将不受对等关税的约束，包括：已受第 232 条关税约束的钢铁/铝制品和汽车/汽车零部件；铜、药品、半导体和木材制品；未来可能受第 232 条关税约束的所有物品；黄金；美国无法获得的能源和其他某些矿产。

Odaily星球日报讯 白宫文件显示，一些商品将不受对等关税的约束，包括：已受第 232 条关税约束的钢铁/铝制品和汽车/汽车零部件；铜、药品、半导体和木材制品；未来可能受第 232 条关税约束的所有物品；黄金；美国无法获得的能源和其他某些矿产。

白宫：部分商品不受对等关税影响

<Odaily> Planet Daily News: White House documents reveal that some commodities will not be subject to reciprocal tariffs, including: steel/aluminum products and automobiles/automotive parts already constrained by Section 232 tariffs; copper, pharmaceuticals, semiconductors, and wood products; all items that may potentially be subject to Section 232 tariffs in the future; gold; energy and certain other minerals that the United States cannot obtain.

White House: Some goods are not affected by reciprocal tariffs

Odaily Planet News: According to the Washington Post, three informed sources revealed that White House assistants have drafted a proposal to impose tariffs of around 20% on most goods exported to the United States. (Jin Shi)

US media: White House aides have drafted a proposal to impose tariffs of about 20% on at least most goods exported to the US

<AR>Mars Finance News</AR>, on April 2, Trump will announce his reciprocal tariff policy at an event in the White House Rose Garden. Several industry analysts have expressed their views on the upcoming tariff content and market fluctuations.

Ethan Harris, former Chief Economist at Bank of America: Trump's so-called "Liberation Day" is likely just one of many steps in the ongoing trade war, unlikely to provide the clarity investors, businesses, and households desire. Even if the trade war ends, the US economy will still weaken due to other policy aspects, such as government spending and employment cuts.

Garrett Melson, Portfolio Strategist at Natixis: The fact is that market sentiment has been dampened, and positions remain quite light. I don't think we'll get the clarity investors and business leaders want. We've spent a lot of time discussing tariffs, but more importantly, we're facing an economy that isn't running at full capacity. Investors are waiting and watching.

Chris Weston, Research Director at Pepperstone: We're about to enter Trump's spotlight moment, with many having deleveraged and trying to remain as stable or neutral as possible in stocks, dollars, and US Treasuries. While theoretically, a 20% comprehensive tariff rate would be seen as net positive for the dollar, the market is most concerned about whether tariffs will accelerate the risk of stagflation in the US economy.

Vasoo Menon, Managing Director of Investment Strategy at OCBC Bank: Trump calls April 2 Liberation Day, but investors are unlikely to truly be relieved from tariff uncertainty. If other countries take retaliatory actions, Trump might double down - a possibility that could continue to make investors nervous.

Jim Reid, Analyst at Deutsche Bank: Trump will announce high tariffs, with other countries likely responding with their own retaliatory measures, a prospect that heightens inflation concerns. Investors are worried that US tariffs will be met with retaliatory actions, which could lead to further escalation as the US seeks to respond.

Wells Fargo Economists: "Preventive" measures before tariffs and efforts to reduce import risks have pushed up the manufacturing price index, while ongoing uncertainty is suppressing potential demand, leaving manufacturers eager to know the specific tariff plans.

Carol Kong, FX Strategist at Commonwealth Bank of Australia: The market will be tense before Trump announces tariffs. Market sentiment will be influenced by further tariff news, which in turn will drive exchange rates before major announcements are made. <ONG>Jinshi</ONG>

Trump's reciprocal tariffs are coming soon, and analysts' views are summarized

I. Century Tariff Bill: Seven Logical Chains Penetrating "Reciprocal Tariffs"
Policy Core Architecture and Implementation Path
[Market]
On April 2, U.S. President Donald Trump spoke to the media about reciprocal trade tariffs during a press conference.

In the early morning of April 3 Beijing time, the executive order signed by Trump constructed a "dual-track tariff system", marking a comprehensive shift in U.S. trade strategy. According to the details released by the White House, the "base layer" requires a 10% "minimum benchmark tariff" on imported goods from all countries, while the "strike layer" targets 60 "key non-compliant countries" and...

White House: Some goods are not affected by reciprocal tariffs

Download app to participate in rewarding events