The President of the United States, Donald Trump, on Monday gave a hint that certain countries will be excluded when his administration imposes reciprocal tariffs on imports next week.
Trump disclosed this to White House reporters, ahead of his planned imposition of reciprocal tariffs on some countries on 2 April 2025.
Providing an update on the developments, Trump said: “I may give a lot of countries breaks. It’s reciprocal, but we could be even nicer than that. You know, we’ve been very nice to a lot of countries for a long time.
“We may take less than what they are charging, because they have charged us so much I don’t think they’d be able to take it. But it will be significant.”
The president also said that tariffs on additional products could be included as early as this week, citing cars, lumber, and semiconductors as potential targets.
Earlier on Monday, Trump announced that the US would impose a 25 per cent tariff on imports from any country that purchases oil or gas from Venezuela. The tit-for-tat tariffs, he said, are due to concerns of an influx of suspected members of Venezuelan gang Tren de Aragua.
