{"id":26295,"date":"2025-03-24T14:02:08","date_gmt":"2025-03-24T09:02:08","guid":{"rendered":"https:\/\/bigbreakingwire.in\/?p=26295"},"modified":"2025-03-24T14:50:20","modified_gmt":"2025-03-24T09:20:20","slug":"trump-reciprocal-tariffs-april-2-no-sector-tax","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/trump-reciprocal-tariffs-april-2-no-sector-tax\/","title":{"rendered":"Trump to Impose Reciprocal Tariffs on April 2, Excluding Sector-Specific Duties"},"content":{"rendered":"
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White House Confirms Tariffs but Drops Industry-Specific Levies<\/strong><\/p>\n\n\n\n

The U.S. government, under President Donald Trump, is set to impose new reciprocal tariffs on April 2. However, reports from Bloomberg News and The Wall Street Journal suggest that sector-specific tariffs will not be included.<\/p>\n\n\n\n

Trump\u2019s Earlier Tariff Plans on Autos and Tech<\/strong><\/p>\n\n\n\n

In February, Trump<\/a> proposed a 25% tariff on auto imports and similar levies on semiconductors and pharmaceutical products. However, after strong opposition from the three largest U.S. automakers, he agreed to delay some auto tariffs.<\/p>\n\n\n\n

Sector-Specific Tariffs Unlikely on April 2<\/strong><\/p>\n\n\n\n

According to The Wall Street Journal, the White House will not introduce industry-specific tariffs on April 2, although general reciprocal tariffs will still take effect. Bloomberg also reported that sector-based duties will be excluded.<\/p>\n\n\n\n

White House Sticks to Tariff Plans Despite Treasury Remarks<\/strong><\/p>\n\n\n\n

Last week, the White House reaffirmed its commitment to implementing new tariff measures on April 2. This comes despite earlier comments from Treasury Secretary Scott Bessent, who hinted at a possible delay. However, officials say the final plan remains flexible and could still change.<\/p>\n\n\n\n

Key Takeaways:<\/strong><\/p>\n\n\n\n

April 2: Reciprocal tariffs to be imposed.<\/p>\n\n\n\n

Auto, tech, and pharma tariffs delayed after industry pushback.<\/p>\n\n\n\n

White House confirms plans, but some uncertainty remains.<\/p>\n\n\n\n

This tariff policy could have a major impact on global trade and businesses, with further updates expected as the deadline approaches.

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Trump Announces Plan for ‘Fair and Reciprocal’ Tariffs on Global Trade<\/a><\/blockquote>