ChainCatcher news, according to The Wall Street Journal, the White House is tightening the implementation scope of the tariff policy on April 2nd. The originally planned tariffs targeting specific industries such as automobiles, pharmaceuticals, and semiconductors are expected to be delayed, with only equivalent tariffs for major trading partners to be implemented.
These countries roughly include Australia, Brazil, Canada, China, the European Union, India, Japan, South Korea, Mexico, Russia, and Vietnam, which account for the majority of US imports. Tariffs will be set at specific rates for individual countries, rather than the previously proposed three-tier system. Trump and several officials have indicated they are not inclined to provide broad exemptions.