White House refining tariff strategy for April 2 measures, WSJ reports

The White House is refining its tariff strategy for the measures set to take effect on April 2, likely excluding industry-specific tariffs while imposing reciprocal duties on select nations that make up the majority of U.S. foreign trade, The Wall Street Journal’s Gavin Bade, Josh Dawsey, and Meridith McGraw report. President Trump has dubbed his April 2 deadline as “Liberation Day” for the U.S., marking the implementation of so-called reciprocal tariffs aimed at aligning U.S. duties with those imposed by trading partners and had also pledged to introduce tariffs on industries such as automobiles, pharmaceuticals, and semiconductors on that date, but an administration official now says those sector-specific tariffs are unlikely to be announced on April 2.