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Investing.com-- President Donald Trump confirmed that the United States will implement reciprocal and sectoral tariffs starting April 2, targeting trading partners including China and India.
Speaking to reporters aboard Air Force One, Trump ruled out exemptions on steel and aluminum tariffs, confirming reciprocal and sectoral tariffs.
These proposed measures aim to address trade imbalances by imposing duties equivalent to those levied on U.S. exports.
In his March 5 address to Congress, Trump criticized countries like the European Union, China, Brazil, and India for imposing higher tariffs on American goods, deeming the current system unfair.
The impending tariffs have sparked global concerns about escalating trade tensions and potential retaliatory measures from affected nations.