Trump auto tariffs coming, but not all levies will be announced April 2

U.S. stocks rise on signs of flexibility in trade agenda

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U.S. President Donald Trump says tariffs on industrial sectors, such as automobiles and lumber, will be announced soon. © Reuters

WASHINGTON (Reuters) -- U.S. President Donald Trump said on Monday automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2, while some countries may get breaks, a move Wall Street took as a sign of flexibility on a matter that has roiled markets for weeks.

At the same time, Trump opened another front in a global trade war by aiming 25% secondary tariffs on any country that buys oil or gas from Venezuela, a directive that sent oil prices climbing.

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