According to the UK's Financial Times, US President Trump intends to introduce a two-phase tariff strategy on April 2, potentially imposing steep tariffs on items such as automobiles immediately. Lawyers and insiders cited in the report indicate that the Trump administration is contemplating the swift application of tariffs on automobiles and discussing the initiation of Section 301 investigations against trading partners. Furthermore, a discussion is underway regarding an option tied to Section 122 of the 1974 Trade Act, which authorizes the imposition of temporary tariffs not exceeding 15%.
