Trump Administration Prepares for Reciprocal Tariff Rollout as Negotiations Advance

Treasury Secretary Bessent expresses optimism that some tariffs may be avoided through pre-negotiated deals or swift adjustments by trading partners.

The U.S. will release proposed tariff rates to trading partners on April 2, reflecting their own tariffs, non-tariff barriers, and trade practices.
Treasury Secretary Scott Bessent is optimistic that some tariffs may not take effect due to pre-negotiated agreements or quick negotiations after April 2.
Countries reducing trade barriers, such as tariffs or practices like currency manipulation, may avoid the new U.S. tariffs.
The administration's tariff plan aims to protect U.S. industries and workers by addressing unfair trade practices, including those by the 'dirty 15' nations with significant trade barriers.
Economists warn that tariffs could increase consumer prices, though officials argue they will bolster the U.S. economy and job market.