financetom
Business
financetom
/
Business
/
US planning to exclude sector-specific tariffs on April 2, Bloomberg News, WSJ report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US planning to exclude sector-specific tariffs on April 2, Bloomberg News, WSJ report
Mar 24, 2025 1:48 AM

(Reuters) - U.S. President Donald Trump's administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2, Bloomberg News and the Wall Street Journal reported, citing officials.

Trump said in February that he intended to impose auto tariffs "in the neighborhood of 25%" and similar duties on semiconductors and pharmaceutical imports, but he later agreed to delay some auto tariffs after a push by the three largest U.S. automakers for a waiver.

Sector-specific tariffs are now not likely to be announced on April 2, the Wall Street Journal reported on Sunday, citing an administration official.

The official added that the White House was still planning to unveil reciprocal tariff measures on that day, although planning remains fluid.

Bloomberg News reported on Saturday that sector-specific tariffs would be excluded.

Trump still intends new reciprocal tariff rates to take effect on April 2, the White House said last week, despite earlier comments from Treasury Secretary Scott Bessent that indicated a possible delay.

The White House did not respond to a request for comment outside regular business hours.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Huawei chips are one generation behind US but firm finding workarounds, CEO says
Huawei chips are one generation behind US but firm finding workarounds, CEO says
Jun 9, 2025
BEIJING (Reuters) -Huawei Technologies' chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday. The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and sees promise in compound chips - chips made from...
A second Australian IVF mix-up shakes clinic and industry
A second Australian IVF mix-up shakes clinic and industry
Jun 9, 2025
(Reuters) -One of Australia's top IVF providers mistakenly implanted a patient with her own embryo instead of her partner's in a second fertility clinic mix-up, heightening concerns about an industry that did not have much active government oversight until recently. Monash IVF ( MNIVF ) said the error took place on June 5 at a clinic in Melbourne but did...
Morgan Stanley markets $5 billion for Elon Musk-owned xAI in loans, bonds, sources say
Morgan Stanley markets $5 billion for Elon Musk-owned xAI in loans, bonds, sources say
Jun 9, 2025
* Morgan Stanley ( MS ) markets $5 billion xAI debt with floating and fixed rate options * xAI seeks $20 billion equity funding, valuation discussed as high as $200 billion * The offering comes amid a public dispute between Musk and Trump By Matt Tracy, Echo Wang and Tatiana Bautzer NEW YORK, June 10 (Reuters) - Morgan Stanley (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved