TechFlow news — On March 24, according to the Wall Street Journal, the White House is narrowing the scope of its tariff policy set for implementation on April 2. Tariffs originally planned for announcement that day targeting specific industries such as automobiles, pharmaceuticals, and semiconductors are expected to be delayed, with only reciprocal tariffs against major trading partners moving forward.
The list of these trading partner countries includes Australia, Brazil, Canada, China, the European Union, India, Japan, South Korea, Mexico, Russia, and Vietnam, which account for the majority of U.S. imports. The new policy will set specific tariff rates on a country-by-country basis, rather than the previously proposed three-tiered structure.
Officials indicated they are not inclined to offer broad exemptions, emphasizing that any flexibility would be extremely limited.
