Duties The US President will be announced in the next few days in the coming days, Donald Trumpwhile also saying that there will be exceptions to the submission of next week’s “mutual” duties.
Trump’s comments to the White House yesterday (24.3.25) have suffered further confusion about his plans for a sweeping duty announcement scheduled for April 2. The president told reporters that he was planning to move on with a long -term duty on car imports “Quite soon, in the coming days” before the wider package.
Trump said the implementation of his duties next Wednesday, April 2, 2025, would focus on the so -called mutual duties, with a country’s rates corresponding to duties and other trade barriers to American products. The president gave a signal twice yesterday that commercial partners would receive possible exceptions or reductions.
“I can give many countries facilitations,” Trump said. “We have been charged so much that I am ashamed to charge them what they have charged, but they will be important and you will hear them on April 2.”
Trump also said he intends to go on sectoral duties for timber and semiconductors “along the way”, without giving further clarification. Earlier on Monday, he reiterated his threat of imposing duties on pharmaceuticals and said they would come “in the very near future”.
In addition, Trump announced on social media that he would impose a 25% duty on other nations that have been buying oil from Venezuela, starting on April 2.
The president’s barrage marked the last example of his alien approach to commercial policy, which has annoyed investors and foreign governments.
The Bloomberg dollar index has briefly deleted the profits in Monday afternoon, after the president said additional duties will be announced for certain areas in the coming days. The Mexican peso was reinforced at a high level of meeting after Trump announced breaks for “many countries”.
Trump described his announcement on April 2 as a “day of liberation”, heralding the launch of a more protective policy intended for retaliation against commercial partners he has long accused of stealing the US. While his plans mark a significant expansion of duties, people who know the internal discussions have said that a more targeted package of tariffs were to be implemented next week.
Nations, targeted by US duties, hastened to arrange meetings with Trump government officials to offer concessions and other defensive answers in an attempt to earn exceptions from mutual duties.
European Commissioner Maros Sefsovic is expected to meet today with the Minister of Commerce Howard Lutnik and US Commercial Representative Jameson Green. The Indian government plans to seek exceptions when an US delegation arrives today for ongoing talks on bilateral trade.