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.
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore naviga...
Senior officials from the United States and China met in Paris this week for a new round of trade talks, as the world’s two largest economies...
Court documents released on Monday (16 March) revealed that the British Broadcasting Corporation (BBC) ...
Governments around the world are responding cautiously to U.S. President Donald Trump’s call for countries to send naval ships to the Strait ...
Polish fighter jets intercepted a Russian reconnaissance aircraft over the Baltic Sea on Friday (13 March), according to Poland’s Operational...
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore navigation and stabilise oil markets. It comes as a strike near Iraq’s western border killed several Hashed al-Shaabi fighters, raising regional tensions.
Senior officials from the United States and China met in Paris this week for a new round of trade talks, as the world’s two largest economies attempt to manage their economic rivalry and avoid further tensions.
Court documents released on Monday (16 March) revealed that the British Broadcasting Corporation (BBC) has asked a U.S. judge to dismiss President Donald Trump's $10 billion defamation suit over a 2024 documentary, arguing his re-election proves the edited 2021 speech did not harm his reputation.
Governments around the world are responding cautiously to U.S. President Donald Trump’s call for countries to send naval ships to the Strait of Hormuz to protect commercial shipping and help restore the flow of global oil supplies.
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues to launch wide‑scale strikes on Iranian infrastructure in the west. This live report tracks the latest developments.
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore navigation and stabilise oil markets. It comes as a strike near Iraq’s western border killed several Hashed al-Shaabi fighters, raising regional tensions.
The other evening, I was fuelling my car at a petrol station in Kenya’s capital. It was one of those small moments most motorists barely notice. The attendant filled the tank, I glanced at the pump price, paid, and drove off.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 15 March, covering the latest developments you need to know.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
Senior officials from the United States and China met in Paris this week for a new round of trade talks, as the world’s two largest economies attempt to manage their economic rivalry and avoid further tensions.
Court documents released on Monday (16 March) revealed that the British Broadcasting Corporation (BBC) has asked a U.S. judge to dismiss President Donald Trump's $10 billion defamation suit over a 2024 documentary, arguing his re-election proves the edited 2021 speech did not harm his reputation.
Polish fighter jets intercepted a Russian reconnaissance aircraft over the Baltic Sea on Friday (13 March), according to Poland’s Operational Command.
Russia has imposed a fine of 35 million roubles (around $432,366) on the messaging platform Telegram for failing to remove content deemed illegal by the authorities, according to the Interfax news agency.
Madagascar's president, Michael Randrianirina announced the appointment of anti-corruption chief Mamitiana Rajaonarison as prime minister, six days after dismissing the previous premier along with the entire cabinet.
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