The White House is set to move forward with targeted trade tariffs on April 2, focusing on a select group of major U.S. trading partners rather than sweeping industry-wide duties.
What Happened: Initially, President Donald Trump‘s directive included broad levies on sectors like automotive, semiconductors and pharmaceuticals.
However, officials now say the administration will hold off on those industry-specific measures, instead opting for a more calibrated approach centered on reciprocal tariffs aimed at reducing trade imbalances with certain nations, The Wall Street Journal reported.
The refined strategy is zeroing in on around 15 countries—internally referred to as the “dirty 15″—which include China, Japan, Germany, …
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