Understanding Trump's Tariffs in Five Charts
	Negotiation Over Confrontation: Countries Taking Cautious Approach to US Tariffs

Previously, White House economic advisor Kevin Hassett had told Fox Business that the administration’s focus would be on the 10 to 15 countries with the most severe trade deficits. However, President Trump has now clarified that the tariffs will not be limited to this group.

US President Donald Trump. (Photo: Reuters)

President Trump has pledged to unveil a major tariff plan on April 2, viewing tariffs as a means to protect the domestic economy from unfair global competition. He also sees tariffs as a tool to gain leverage in negotiations to secure better terms for the US.

In February 2025, President Trump directed US trade officials to develop a comprehensive plan to address trade deficits. This plan primarily involves increasing tariffs in response to taxes, fees, regulatory measures, and subsidies that Washington views as unfair.

Timeline of Trump 2.0 Trade Policy At the beginning of his second term, President Donald Trump implemented a series of new trade policies to adjust the economic balance and serve the ...

US Businesses Struggle Amid Trump's Unpredictable Tariff Policies Amid continuous shifts in the tariff policies of President Donald Trump's administration, some US businesses have reduced their orders or put investment plans on hold.