President Donald Trump announced that there will be no exemptions from steel and aluminum tariffs, with additional tariffs set to take effect on April 2. He claimed that billions of dollars have flowed into the U.S. as a result of his tariff measures aimed at addressing trade imbalances. Concerns have emerged on Wall Street regarding the potential negative effects of Trump's trade policies on the U.S. economy, evidenced by major stock indexes entering correction territory. Trump emphasized the application of reciprocal tariffs to U.S. trading partners.