As the April 2 deadline for the implementation of the Trump administration’s new tariffs draws near, investors are increasingly focused on the potential global implications. Reciprocal levies could apply to every country worldwide, while a separate measure may target industries such as semiconductors, autos, and pharmaceuticals. Earlier this month, the White House reinforced expectations that these duties would be enacted on April 2, although Treasury Secretary Scott Bessent suggested that countries might still negotiate to avoid trade taxes. Following the imposition of 25% tariffs on steel and aluminum imports into the U.S., retaliations from the EU and Canada have been promised. The EU has proposed countermeasures on goods worth 26 billion euros. Analysts at Raymond James remain skeptical that all planned tariffs will come into force on April 2 due to legal and logistical challenges. They anticipate that reciprocal tariffs may be confined to specific countries including China, the EU, Mexico, Vietnam, and others. Sector-specific duties are not expected to take effect on April 2, with Trump possibly initiating trade investigations instead. The uncertainty surrounding the announcements stems from internal debates within the Trump administration and the potential for last-minute changes. This murkiness has fueled concerns over inflationary pressures that could impact economic growth, contributing to recent stock market declines. Analysts at Barclays note that while stocks have shown signs of stabilization, concerns over the tariff plans will likely limit any significant recovery. — news from Investing.com