As the April 2 deadline for new tariffs approaches, the Trump administration is narrowing its tariff strategy, signaling potential flexibility amid ongoing trade negotiations. President Trump has emphasized that while reciprocal tariffs will go into effect, there may be adjustments in scope, with some industry-specific tariffs expected to be dropped. This move comes as Canada’s Prime Minister Trudeau calls for swift action to protect Canadian interests, and amid discussions on North American trade dynamics. The market reacts cautiously, oscillating as uncertainty looms over the impact of these tariffs on inflation and the economy. Financial markets show signs of resilience, with gains on Wall Street as signals of tariff flexibility emerge. However, Trump remains firm on imposing significant tariffs, declaring April 2 as “Liberation Day” for targeted tariffs while dismissing exemptions for steel and aluminum.