White House Scales Back Scope of April 2 Tariffs, Focuses on Targeted Trade Partners



According to The Wall Street Journal, the Trump administration is narrowing its planned April 2 tariff rollout, shelving previously proposed industry-specific levies on sectors such as cars and microchips. Instead, it will move forward with reciprocal tariffs aimed at around 15 key trading partners, dubbed the “dirty 15,” that maintain persistent trade imbalances with the U.S.

While planning remains fluid, the shift signals a more targeted strategy focused on matching the tariffs those countries impose on U.S. goods. The revised approach avoids a broader tariff structure initially floated, as businesses and foreign governments await clarity and brace for the potential economic impact.

 


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com