Countries can avoid Trump's April tariffs by cutting trade barriers, Bessent says
1 week ago

Countries can avoid Trump's April tariffs by cutting trade barriers, Bessent says

The Hindu  

The Trump administration on April 2 will give trading partner countries a proposed U.S. tariff rate based on their own rates, non-tariff trade barriers and other factors— along with an opportunity to negotiate to avoid a "tariff wall," U.S. Treasury Secretary Scott Bessent said on Tuesday. "On April 2, each country will receive a number that we believe represents their tariffs," Bessent said on Fox Business Network's "Mornings with Maria." Mr. Trump has said that his "reciprocal tariffs" to bring U.S. tariffs to other countries' levels and offset trade practices his administration deems unfair will take effect on April 2. Countries that fail to reduce their trade barriers will face steeper tariffs aimed at protecting the U.S. economy, its workers and industries, Bessent said.

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