US planning to exclude sector-specific tariffs on April 2, Bloomberg News, WSJ report

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print

(Reuters) - U.S. President Donald Trump's administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2, Bloomberg News and the Wall Street Journal reported, citing officials.

Trump said in February that he intended to impose auto tariffs "in the neighborhood of 25%" and similar duties on semiconductors and pharmaceutical imports, but he later agreed to delay some auto tariffs after a push by the three largest U.S. automakers for a waiver.

Sector-specific tariffs are now not likely to be announced on April 2, the Wall Street Journal reported on Sunday, citing an administration official.

The official added that the White House was still planning to unveil reciprocal tariff measures on that day, although planning remains fluid.

Bloomberg News reported on Saturday that sector-specific tariffs would be excluded.

Trump still intends new reciprocal tariff rates to take effect on April 2, the White House said last week, despite earlier comments from Treasury Secretary Scott Bessent that indicated a possible delay.

The White House did not respond to a request for comment outside regular business hours.

(Reporting by Shubham Kalia in Bengaluru; Editing by Sharon Singleton)

(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print
close
Please enter a valid e-mail address
Please enter a valid e-mail address
Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "

Your e-mail has been sent.
close

Your e-mail has been sent.