The Trump administration is expected to exclude sector-specific tariffs from its planned reciprocal levies, which are set to be imposed on April 2, according to reports by Bloomberg News and the Wall Street Journal, citing anonymous officials.
In February, President Donald Trump indicated plans to impose tariffs on specific sectors, including autos, semiconductors, and pharmaceuticals, with auto tariffs expected to be "in the neighborhood of 25%." However, after significant lobbying from the three largest U.S. automakers, who pushed for a waiver, Trump agreed to delay some auto tariffs.
The Wall Street Journal reported on Sunday that sector-specific tariffs are unlikely to be included in the April 2 announcement, citing an administration official. Despite this, the White House is still set to introduce reciprocal tariffs on that day, although the details of the planning remain subject to change.
Bloomberg News also reported on Saturday that sector-specific tariffs would be excluded, further solidifying the shift in the administration’s approach.
Despite these adjustments, the White House confirmed last week that the new reciprocal tariff rates would take effect as scheduled on April 2, following comments from Treasury Secretary Scott Bessent, who had previously suggested a potential delay.
The White House did not provide any additional comment outside of regular business hours. As the situation continues to develop, the administration's final decision on the scope of the tariffs will have significant implications for global trade dynamics.
The European Commission has called for enhanced preparedness across Europe, urging improved stockpiling of critical supplies and encouraging citizens to maintain emergency provisions for at least 72 hours.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, highlighted the potential for international investors, particularly from the Global South, to contribute to the development of Russia's Arctic region, driven by the opening of the Northern Sea Route due to global warming.
Israeli citizens have protested outside the Knesset and Prime Minister’s residence against a controversial law that would alter the judicial appointment committee, a move critics warn could shift power within the judiciary and spark a constitutional crisis.
The European Union’s enlargement process continues to move forward, but without mention of Georgia. In a speech at the European Policy Center in Brussels on March 25, European Council President Antonio Costa highlighted the EU’s commitment to integrating Ukraine, Moldova, and the Western Balkans.
Britain's proposed assisted dying law for terminally ill individuals may be delayed until 2029, following amendments to the legislation that extend the timeline for implementation and add new safeguards, with the bill still needing approval from both the House of Commons and the House of Lords.
The European Commission has called for enhanced preparedness across Europe, urging improved stockpiling of critical supplies and encouraging citizens to maintain emergency provisions for at least 72 hours.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, highlighted the potential for international investors, particularly from the Global South, to contribute to the development of Russia's Arctic region, driven by the opening of the Northern Sea Route due to global warming.
Israeli citizens have protested outside the Knesset and Prime Minister’s residence against a controversial law that would alter the judicial appointment committee, a move critics warn could shift power within the judiciary and spark a constitutional crisis.
Britain's proposed assisted dying law for terminally ill individuals may be delayed until 2029, following amendments to the legislation that extend the timeline for implementation and add new safeguards, with the bill still needing approval from both the House of Commons and the House of Lords.
The European Union’s enlargement process continues to move forward, but without mention of Georgia. In a speech at the European Policy Center in Brussels on March 25, European Council President Antonio Costa highlighted the EU’s commitment to integrating Ukraine, Moldova, and the Western Balkans.
Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
Mexican forces have dismantled a massive meth lab in Zacatecas, dealing a blow to a Sinaloa Cartel faction.
Serbia’s parliament has officially accepted the resignation of Prime Minister Milos Vucevic, setting a 30-day deadline for the formation of a new government or the calling of snap elections.
A devastating overnight drone attack on Kyiv, attributed to Russian forces, resulted in the deaths of three people, including a five-year-old child, and left ten others injured.
FIFA announced that the winners of this year’s 32-team Club World Cup, set to take place in the U.S. from June 14 to July 13, will receive up to $125 million in prize money, as part of a total prize pool of $1 billion for the tournament.
A South Korean appeals court has cleared opposition leader Lee Jae-myung of election law violations, overturning a previous conviction that could have hindered his presidential aspirations, though prosecutors plan to appeal the ruling.
China is expected to remain the top investor in chipmaking equipment in 2025, despite a 24% year-over-year decline, with global semiconductor investments rising 2% to $110 billion, driven by the growing demand for AI chip production.
German Finance Minister Joerg Kukies will travel to the United States on Wednesday to meet with U.S. counterpart Scott Bessent and officials from the IMF and World Bank, focusing on strengthening economic ties and addressing global financial challenges.
Italy is conducting a study of its space and satellite communications market, with the possibility of issuing a call for tender later this year, signaling the country’s growing interest in expanding its role in the satellite communications sector.
The European Commission has called for enhanced preparedness across Europe, urging improved stockpiling of critical supplies and encouraging citizens to maintain emergency provisions for at least 72 hours.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, highlighted the potential for international investors, particularly from the Global South, to contribute to the development of Russia's Arctic region, driven by the opening of the Northern Sea Route due to global warming.
Israeli citizens have protested outside the Knesset and Prime Minister’s residence against a controversial law that would alter the judicial appointment committee, a move critics warn could shift power within the judiciary and spark a constitutional crisis.
Britain's proposed assisted dying law for terminally ill individuals may be delayed until 2029, following amendments to the legislation that extend the timeline for implementation and add new safeguards, with the bill still needing approval from both the House of Commons and the House of Lords.
The European Union’s enlargement process continues to move forward, but without mention of Georgia. In a speech at the European Policy Center in Brussels on March 25, European Council President Antonio Costa highlighted the EU’s commitment to integrating Ukraine, Moldova, and the Western Balkans.
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