Reports have emerged that the tariff measures U.S. President Donald Trump will announce on April 2 will be 'more targeted.'
Bloomberg News reported on the 22nd (local time), citing Trump’s aides and close associates, that the tariff to be announced this time will be more concentrated compared to the comprehensive and global measures that Trump previously hinted at.
Officials explained that President Trump will announce broad mutual tariffs, but some countries will be excluded, and the announcement will not include plans for specific tariffs on particular industries.
Bloomberg assessed that if the tariffs announced on April 2 take a targeted form, they could provide potential relief to the market, which is engulfed in anxiety over an all-out tariff war.
However, the tariff rates announced for immediate effect are expected to take effect immediately.
On the 21st, President Trump said, 'April 2 will be a day of liberation. We have been exploited by all countries, regardless of allies or enemies,' noting that the measures will bring 'billions of dollars' in revenue. One aide also mentioned that the tariff measures could yield trillions of dollars over the next decade.
Bloomberg stated, 'It is still unclear which countries will be included in a more selective approach,' although a source pointed out the European Union (EU), Mexico, Japan, South Korea, Canada, India, and China as unfair trade countries.
Officials acknowledged that existing tariffs already imposed, such as those on steel, are not necessarily cumulative, which Bloomberg reported means that it could significantly reduce the tariff burden on the affected industries.
Earlier, Treasury Secretary Scott Vessen said in a Fox News interview on the 18th that mutual tariff rates will vary by country, stating, 'We see a small surplus, but there are large groups of countries with which we do not trade much. And there are countries we call the 'Dirty 15' that impose significant tariffs on the U.S.'