Ahead of a significant trade announcement scheduled for April 2, the Trump administration has solicited input from various industries regarding international trade barriers. A multitude of grievances were submitted by producers from different sectors, including uranium and steel, citing unfair treatment abroad. President Trump has described the upcoming tariffs as a means of rectifying long-standing trade imbalances and referred to the day as 'liberation day.' There are also discussions of potential sector-specific tariffs, but details remain uncertain as the administration evaluates the situation.
Mr. Trump has promised to overhaul the global trading system on April 2, when he plans to impose what he is calling reciprocal tariffs that will match the levies and other policies that countries impose on American exports.
It's a liberation day for our country, because we're going to be getting back a lot of the wealth that we so foolishly gave up to other countries, Mr. Trump said last week.
Producers of uranium, shrimp, T-shirts and steel highlighted the unfair trade treatment they faced, in hopes of bending the president's trade agenda in their favor.
White House officials said that those additional tariffs had not yet been set for April 2 but that the situation remained very fluid.
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