President Donald Trump has made changes to his planned 200% tariffs, which were originally set to take effect on April 2. While some tariffs will still be imposed, certain industry-specific tariffs have been removed. However, the U.S. will continue to apply reciprocal tariffs on select countries with major trade imbalances.
Changes to the Tariffs
Trump had previously declared April 2 as “Liberation Day” for America, marking the enforcement of tariffs on industries such as automobiles, pharmaceuticals, and semiconductors. However, new reports suggest that not all these industries will be affected.
A source close to Trump told Bloomberg that while the White House still plans to introduce tariff actions on April 2, the exact details are still being finalized. The White House has not yet responded to requests for comment on the matter.
Uncertainty Over Tariffs on Canada and Mexico
The Wall Street Journal reported that the U.S. tariffs against Canada and Mexico remain uncertain. Trump initially justified these tariffs by linking them to fentanyl trafficking concerns, but their implementation is now in question.
Instead, the administration is focusing on a group of 15 countries with large trade imbalances with the U.S., known as the “dirty 15,” according to Treasury Secretary Scott Bessent. These countries, which handle a significant portion of U.S. foreign trade, will likely face higher tariffs.
Marco Rubio’s Strong Message on Trade
Secretary of State Marco Rubio issued a clear warning to U.S. allies, stating, “What we have now cannot continue.” He made this statement while appearing on Face the Nation, emphasizing the need for new trade agreements.
Rubio’s statement follows Trump’s threat to impose 200% tariffs on European imports, including wine, cognac, and other alcoholic beverages, escalating the trade dispute with the EU.
Economic Concerns Over New Tariffs
The introduction of these tariffs has already affected financial markets, raising concerns about a possible recession. Experts worry that retaliatory tariffs from other countries could worsen the situation. However, Rubio reassured that the U.S. would respond to any nation that imposes counter-tariffs on American goods.
Bilateral Trade Talks May Begin After Tariffs Take Effect
During his interview, Rubio explained that the U.S. may begin bilateral trade discussions with countries only after Trump’s tariffs are in place. He clarified that the new policy is not targeting specific nations like Canada, Mexico, or the EU, but is instead aimed at creating fairness in global trade.
He further stated, “This is global. It’s not against any one country. It’s about fairness. Once we establish a fair baseline, we will engage in trade negotiations that benefit both sides.”
Although details remain unclear, Rubio assured that the U.S. is determined to “reset the baseline” to ensure fair trade in the global economy.
