The White House plans to tighten the scope of tariff policies, implementing reciprocal tariffs only on major trading partners
ChainCatcher news, according to The Wall Street Journal, the White House is tightening the implementation scope of the tariff policy set for April 2. The tariffs originally planned to be announced on that day for specific industries such as automobiles, pharmaceuticals, and semiconductors are expected to be postponed, with only reciprocal tariffs against major trading partners being implemented.These countries generally include Australia, Brazil, Canada, China, the European Union, India, Japan, South Korea, Mexico, Russia, and Vietnam, which account for a significant portion of U.S. imports. Tariffs will be set at specific rates for individual countries, rather than the previously proposed three-tiered system. Trump and several officials have indicated a reluctance to provide broad exemptions.