The announcement of reciprocal tariffs by US President Donald Trump is expected on April 2nd. Confusion over the scope of the tariffs is increasing uncertainty in global trade. Next week marks the deadline for federal agencies to review unfair trade practices that Trump gave on the day he assumed the presidency. Trump, who frequently emphasizes that his favorite word in the dictionary is “tariff,” is scheduled to announce reciprocal tariffs on April 2nd. He defines April 2nd as Independence Day, a pivotal day for his trade policy. The uncertainty remains as to which countries and products Trump will impose tariffs on, claiming that both allies and enemies are being taken advantage of. While closely monitoring news related to Trump’s tariffs, there are indications that the scope of reciprocal tariffs may be narrower than anticipated. Reports in the US media and Trump’s recent statements support these expectations. It is reported that the White House will exclude tariffs on certain industrial sectors, focusing on reciprocal tariffs with countries that have significant foreign trade volumes. There are speculations that Trump’s plans to impose specific tariffs on sectors such as automobiles, pharmaceuticals, and semiconductors will be delayed from the originally planned announcement on April 2nd, but the plans are still subject to change. Trump recently mentioned that he would announce tariffs on automobiles and pharmaceuticals soon, but the lack of a specific date adds to the uncertainty. According to some reports, Trump’s administration is considering a two-stage strategy for the new tariff regime, activating emergency tariffs when investigations on trade partners are concluded and rarely used powers are brought into effect. Trump’s team is said to be evaluating plans to establish a stronger legal foundation for the tariff regime and create resources for tax cuts. In a statement on March 21st regarding reciprocal tariffs, Trump signaled that there might be flexibility, stating that they would impose tariffs equal to what the US receives and that the reciprocal tariffs would be fair. On March 24th, Trump also mentioned that many countries could be exempted from reciprocal tariffs. Trump referred to the uncertainty surrounding reciprocal tariffs with Canada and Mexico due to fentanyl and irregular migrant flows. The fate of tariffs imposed on imports from Canada and Mexico, which went into effect on March 4th with a 25% customs duty, remains uncertain. Trump made adjustments to the decree, allowing USMCA-compliant goods from these countries to be exempted from tariffs until April 2nd. The regulation included exempting automobiles that meet USMCA requirements from tariffs while reducing the tariff rate on Canadian-origin potash (fertilizer used by farmers) to 10%. Despite the imminent expiration of these exemptions, there has been no clarification from the administration on the path to be taken regarding tariffs on Canada and Mexico. While uncertainties persist regarding the scope, the new tariffs planned by the US are expected to escalate tension in global trade.