🧐Change orders overnight? Trump withdraws reciprocal tariff threat, some countries may be excluded
US President Donald Trump spoke out again on the issue of tariffs. He revealed at the White House on Monday that reciprocal tariff reductions may be implemented for some countries, which is expected to be implemented on April 2.
He said at the White House: "I may cut taxes for many countries. Although the principle is reciprocal, we can be more flexible." This is in stark contrast to his tough stance on Truth Social in February.
According to "THE HILL", the White House is also considering providing tariff exemptions for goods from certain countries. According to the Wall Street Journal, in addition to reciprocal tariff reductions, Trump will soon impose additional tariffs on industries such as automobiles, pharmaceuticals and semiconductors.
Although the upcoming April 2 is a key deadline for reciprocal tariff reductions, considering Trump's speech on trade policy on "Truth Social" a few weeks ago, there is a clear difference between the signals and attitudes released at present. Therefore, it is still unclear which specific reduction policies will be implemented on that day.
In summary, Trump's tariff policy has been full of variables, which has also caused widespread concerns among the business community and consumers, which may cause the market to continue to decline and arouse negative expectations of potential economic recession and surge in unemployment.
Conclusion:
In general, Trump's tariff plan has changed again. This time he mentioned that he might give tariff reductions to some countries, which will have some positive impact on the market. However, the specific details and the effective time are still unclear. This uncertainty has put pressure on the entire economy and made many people worried.
Do you think Trump will change his mind again at the last minute? What impact will this uncertainty have on the crypto market led by Bitcoin? Leave a message and discuss in the comment area!