Trump Confirms Reciprocal Tariffs to Begin April 2, Signals Openness to Post-Enforcement Deals

The US aims to counter high foreign tariffs with new measures, while Trump hints at future pharmaceutical tariffs and ongoing negotiations with global partners.

President Donald Trump announced that the US will enforce reciprocal tariffs on April 2, targeting nations with higher tariffs or non-tariff barriers on American goods.
Trump expressed willingness to negotiate agreements with countries seeking to avoid the tariffs but emphasized that such deals would occur only after enforcement and in exchange for significant concessions.
The European Union is preparing a term sheet for potential negotiations, outlining concessions like reduced tariffs and eased regulations to mitigate the impact of US tariffs.
Trump hinted at plans to introduce tariffs on the pharmaceutical industry, though he provided no details on timing or rates, leaving the specifics unclear.
US-India trade relations were highlighted positively, with Trump emphasizing progress in discussions and praising Indian Prime Minister Narendra Modi as a strong ally.