March 24, 2025- The White House is narrowing its approach to tariffs set to take effect on April 2, likely omitting a set of industry-specific tariffs while applying reciprocal levies on a targeted set of nations that account for the bulk of foreign trade with the U.S., according to the Wall Street Journal.
President Trump has declared his April 2 as the deadline to put in place what are called reciprocal tariffs that seek to equalize U.S. tariffs with the duties charged by trading partners, according to the Wall Street Journal.