Trump's Reciprocal Tariffs to Take Effect April 2 with Adjustments Expected

The White House plans to implement targeted tariffs while markets weigh potential economic impacts and global responses.

President Donald Trump confirmed the April 2 rollout of reciprocal tariffs targeting countries with high tariffs on U.S. goods, though reports suggest they may be narrower in scope.
Trump hinted at potential 'flexibility' in the tariff plans, adding uncertainty to their final implementation details.
The Federal Reserve and economists warn the tariffs could heighten inflation and economic uncertainty, complicating growth projections.
Global actors, including the EU and China, are preparing responses; the EU delayed retaliatory measures, while China called for dialogue to mitigate impacts.
Markets showed cautious optimism, with U.S. stock futures rising on reports of potential sector-specific exclusions in the tariff plans.