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News in English (USA) / 17.03.2025 / 17:00

Trump Stands Firm on Tariffs, Dismisses Exemptions Ahead of April 2 Implementation

In a recent series of statements, President Trump has reiterated his commitment to implementing both reciprocal and sectoral tariffs starting April 2. He declared that there will be no exemptions from the forthcoming 25% tariffs on steel and aluminum imports, emphasizing that this policy is essential for boosting U.S. manufacturing and economic dominance. Despite concerns regarding potential adverse effects on the stock market and economy, Trump remains steadfast, suggesting that these tariffs are a necessary response to countries treating the U.S. unfairly. Asian markets reacted cautiously to his definitive stance on tariffs, with shares initially advancing before trimming gains amid fears of escalating trade tensions.
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