Trump reciprocal tariffs, auto tariffs planned for April; aluminum, steel duties set for March

US President Donald Trump is aiming to reshape the country’s trade policy using one of his preferred economic tools: tariffs. For now, Trump has reneged on planned 25% across-the-board tariffs on US neighbors Canada and Mexico — at least until early March. Duties on China went into effect in early February, and China retaliated. Meanwhile, last week, Trump ordered a 25% tariff on all imports of steel and aluminum into the US from all countries. The trade escalation impacts top trading partners and bolsters industries in US states key to Trump’s election. In addition, Trump on Thursday signed a measure…