President Trump is set to announce “reciprocal tariffs” on April 2, dubbed “Liberation Day,” as retaliation against trade barriers imposed by other countries, including US allies. While significant, the tariffs are expected to be more targeted than previously threatened, potentially easing market concerns about a full-scale trade war. The announcement will likely focus on widespread tariffs for specific nations or blocs, with some exclusions, rather than including separate sector-specific tariffs as initially suggested. This approach represents a more focused expansion of US tariffs
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