Trump Administration Plans to Exclude Sector-Specific Tariffs on April 2, Reports Indicate

The Trump administration is excluding sector-specific tariffs while applying reciprocal levies on April 2. President Donald Trump plans to impose auto tariffs of around 25% but later agreed to delay some tariffs after U.S. automakers requested a waiver. Chinese Premier Li Qiang highlighted the importance of dialogue and cooperation during a meeting with U.S. Senator Steve Daines, noting that relations have reached a critical juncture. The White House intends to implement reciprocal tariff measures on April 2, despite possible delays suggested by Treasury Secretary Scott Bessent.