Trump shifts focus to specific countries for tariffs

President Donald Trump is preparing to implement reciprocal tariffs starting on April 2, a day he calls “Liberation Day” for America. This initiative aims to adjust trade relationships with a select number of countries that have significant trade surpluses with the U.S. The administration will focus on a group of about 15 countries, referred to as the “dirty 15.” This term was popularized by Treasury Secretary Scott Bessent. These nations include major trading partners like China, Japan, Germany, and Canada, and they are likely to face high tariffs. The approach is a shift from earlier plans that aimed for a broad three-tiered tariff system affecting all trading partners. In the lead-up to April 2, uncertainty remains in Asian markets. While reciprocal tariffs will be confirmed, the final details on specific duties for certain industries, such as automobiles and pharmaceuticals, are still unclear. The Trump administration now prefers to establish specific tariff rates for each country, aiming for a more personalized strategy. Though tariffs are expected to be announced next week, immediate implementation could occur through emergency executive authority. However, discussions around sector-specific tariffs are still in flux, and industry representatives are awaiting more clarity from the administration. The possibility of exemptions from tariffs is a concern for many business leaders who are actively engaging with government officials. Nevertheless, Trump appears hesitant to grant special exemptions, indicating it could weaken U.S. negotiating power in the future. Meanwhile, frustration is growing among executives due to the lack of transparency from the White House regarding tariff details and their implications.