Trump's April tariffs to be more targeted: Sources
President Donald Trump's plan for reciprocal tariffs on April 2 is expected to be more targeted than what he has threatened previously, but the situation remains fluid and the plan is still under discussion, sources familiar with the plan told ABC News.
The April tariffs would still be a significant increase in U.S. tariffs and are expected to strain relations with U.S. allies, but it will likely be narrower than what Trump has previously said. In February, Trump ordered federal agencies to look into virtually every U.S. trading partner to evaluate what reciprocal tariff rate to put on them.
"April 2nd is Liberation Day in America!!!" Trump wrote on Truth Social. "For DECADES we have been ripped off and abused by every nation in the World, both friend and foe. Now it is finally time for the Good Ol' USA to get some of that MONEY, and RESPECT, BACK. GOD BLESS AMERICA!!!"

Trump's officials have also been signaling there will be a more focused approach in recent interviews.
"One of the things we see from markets is they're expecting they're going to be these really large tariffs on every single country," Kevin Hassett, Trump's National Economic Council director, told Fox News. "I think markets need to change their expectations, because it's not everybody that cheats us on trade, it's just a few countries and those countries are going to be seeing some tariffs."
--ABC News' Selina Wang