Trump Signals Potential Flexibility on Reciprocal Tariffs Ahead of April 2 Deadline
US President Donald Trump has suggested that he may impose lower tariff rates on certain countries as he prepares to introduce his “reciprocal tariffs” next week. He framed the move as a way to reclaim American wealth, which he claims has been taken by foreign nations, while acknowledging that some countries might receive reductions compared to the rates they impose on US exports.
Trump referred to April 2 as “Liberation Day,” signaling that his administration could charge less than what other nations impose on American goods. While emphasizing that tariffs would still be “substantial,” he hinted at potential flexibility, stating that some countries have overcharged the US to such an extent that imposing identical tariffs would be excessive.
Global markets reacted sharply to the announcement, with concerns that the tariffs could trigger an economic downturn. However, Trump’s remarks about potential flexibility helped ease investor fears, leading to a rebound in US stock markets. The Nasdaq Composite surged over 2% in late-day trading, while other major indexes also posted gains.
