Today, the market was still speculating whether Trump would adjust tariffs for other countries and regions in a phased manner, similar to the transition period given to (China) for small goods. However, in reality, there has been no such adjustment. Trump just announced on Truth Social that the tariff adjustments will officially begin on April 2.

It should be noted that the tariffs starting from March 4 are aimed at Canada, Mexico, and China, while those starting on April 2 are mainly reciprocal tariff measures. In simple terms, whoever imposes high tariffs on the U.S., the U.S. will impose high tariffs on them; whoever imposes low tariffs on the U.S., the U.S. will impose low tariffs on them.

Currently, the main targets of these reciprocal tariffs are the European Union, Japan, and South Korea. The reciprocal tariffs are not automatically adjusted but are determined by the U.S. government based on the tariff situations of each country towards the U.S., thus allowing for some policy flexibility.

In simple terms, the trade war has begun, and Trump is encouraging American farmers to sell as much grain as possible domestically. However, it is important to note that the U.S. is a major global grain exporter, with overall grain exports far exceeding imports.

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