In a key policy statement on Friday, President Donald Trump reaffirmed his commitment to reciprocal tariffs while hinting at potential “flexibility” in their implementation.
Despite mounting requests for exemptions, Trump maintained that his administration would consistently enforce the tariffs, signaling a firm stance on trade while leaving room for strategic adjustments.
“People are coming to me and talking about tariffs, and a lot of people are asking me if they could have exceptions,” Trump told reporters in the Oval Office.
“And once you do that for one, you have to do that for all.”
The president, known for his strong support of tariffs as a tool to protect American industries, insisted that his core trade principles remained unchanged.
Addressing concerns over his recent decision to grant a temporary one-month exemption to major automakers, he clarified,
“I don’t change. But the word flexibility is an important word. Sometimes it’s flexibility. So there’ll be flexibility, but basically, it’s reciprocal.”
Trump’s ‘Liberation Day’ tariff plan
Trump has championed the April 2 start date for his reciprocal tariffs as America’s “liberation day.”
Under this policy, tariff rates will be adjusted to match those other countries impose on US goods.
Additionally, the administration is evaluating how other non-tariff barriers—such as value-added taxes—could be addressed through new trade measures.
The tariff strategy has drawn sharp criticism from global trade partners and investors, who fear escalating trade tensions.
Financial markets have reacted cautiously to Trump’s series of tariff-related announcements, with concerns that protectionist policies could disrupt global supply chains and trigger economic retaliation.
China trade tensions escalate
As Trump pushes ahead with his tariff agenda, tensions between the US and China remain high.
Beijing has already imposed retaliatory tariffs on U.S. agricultural products in response to Washington’s broader duties on Chinese imports.
The president revealed plans to speak directly with Chinese President Xi Jinping to discuss the ongoing trade dispute.
However, with both countries doubling down on their trade policies, analysts warn that negotiations may prove difficult.
Since returning to the White House, Trump has made tariffs a central pillar of his economic strategy.
His administration argues that the policy will level the playing field for American businesses, but critics fear it could spark a full-scale trade war.
As the April 2 deadline approaches, global markets and trade partners will be closely watching how the US implements its reciprocal tariff plan—and whether Trump’s promise of “flexibility” will translate into meaningful exemptions.
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