WASHINGTON — President Donald Trump’s much-touted plan for reciprocal tariffs is likely to focus on a limited number of economies with non-tariff barriers and large trade surpluses with the U.S., with Japan, the European Union, Canada and Mexico expected to be in the crosshairs.
Trump had previously said that the levies to be announced April 2 would apply to all U.S. trading partners. But the president told reporters Monday that he “may give a lot of countries breaks.” Markets with which the U.S. has trade surpluses and does relatively little trade, such as African nations, could be spared.
