The White House has affirmed that U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, despite earlier remarks from Treasury Secretary Scott Bessent hinting at a possible delay.
A White House official stated, "The intent is to enact tariffs on April 2," emphasizing that unless trading partners equalize their tariff and non-tariff barriers—or unless the U.S. maintains higher tariffs—the new measures will go into effect as planned.
Treasury Secretary Bessent had explained on Fox Business Network's "Mornings with Maria" that on April 2, each country would receive a reciprocal tariff number reflecting its own tariff rates, non-tariff barriers, currency practices, and other factors. "For some countries, it could be quite low, for some countries, it could be quite high," he said, adding that negotiations might help avert a "tariff wall" if countries adjust their trade barriers accordingly.
The administration expects that the tariff announcements will prompt affected nations to either negotiate in advance or voluntarily reduce their trade barriers, thereby avoiding the harsher tariffs designed to protect the U.S. economy, workers, and industries. In a bid to mitigate the economic impact, Bessent suggested that if trading partners come forward with proposals to lower their tariffs, some of the new duties might be negotiated down.
Details of the reciprocal tariff plan are still being finalized, with much of the technical work being handled by the U.S. Trade Representative’s office, led by Jamieson Greer, and a team of about 200 staffers. Vice President JD Vance has also played an increasingly active role in these discussions.
The complexity of the new tariff structure is compounded by the need to factor in the different duty rates and non-tariff measures of the 186 members of the World Customs Organization. Additional challenges include accounting for regulations such as domestic content requirements and food safety standards that can disadvantage U.S. firms.
Market observers note that the administration's tariff strategy is aimed particularly at the roughly 15% of countries with the highest tariffs and substantial trade volumes with the U.S.—often dubbed the "Dirty 15." These measures come amid ongoing efforts to address what the White House sees as unfair trade practices, including currency manipulation, labor suppression, and other non-tariff barriers.
A spokesperson for the U.S. Trade Representative’s office did not immediately comment on the reciprocal tariff plan, while industry analysts remain cautious about the potential economic fallout. With the new tariffs set to trigger negotiations and possibly retaliatory measures from key trading partners, the coming days will be critical in shaping the next phase of U.S. trade policy.
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Washington, D.C., February 24, 2025 – French President Emmanuel Macron arrived at the White House on Monday to engage in high-level discussions with U.S. President Donald Trump over the prospects for ending the Ukraine conflict
Nvidia CEO Jensen Huang forecasted a rapid arrival of humanoid robots in manufacturing, stating that widespread use in factory settings is likely within the next few years.
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President Donald Trump has completed a "very good" telephone call with Ukrainian President Volodymyr Zelenskyy, according to remarks made by Trump.
At just 15, New Zealand’s Sam Ruthe made history Wednesday by running a mile in 3:58.35 at Mt. Smart Stadium, becoming the youngest athlete to break the four-minute barrier. Ruthe surpassed his previous best and edged out Jakob Ingebrigtsen’s 16-year-old record.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
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Malaysia has agreed to terms with exploration firm Ocean Infinity to restart the search for the missing Malaysia Airlines flight MH370 wreckage, its transport minister said on Wednesday.
President Donald Trump has completed a "very good" telephone call with Ukrainian President Volodymyr Zelenskyy, according to remarks made by Trump.
At just 15, New Zealand’s Sam Ruthe made history Wednesday by running a mile in 3:58.35 at Mt. Smart Stadium, becoming the youngest athlete to break the four-minute barrier. Ruthe surpassed his previous best and edged out Jakob Ingebrigtsen’s 16-year-old record.
Around 400 teachers and students from EU schools in Brussels staged a half-day strike Wednesday, protesting poor employment conditions for locally hired teachers. They demand union representation, pension rights, and official teacher status. A full-day strike is planned for April 1.
Nvidia CEO Jensen Huang forecasted a rapid arrival of humanoid robots in manufacturing, stating that widespread use in factory settings is likely within the next few years.
A massive, unanticipated disconnection of data centers in a 30-square-mile area outside Washington, D.C. has exposed a fresh vulnerability in America’s electrical grid, raising concerns that the rapid expansion of Big Tech’s energy-hungry facilities could trigger cascading outages.
President Donald Trump has completed a "very good" telephone call with Ukrainian President Volodymyr Zelenskyy, according to remarks made by Trump.
At just 15, New Zealand’s Sam Ruthe made history Wednesday by running a mile in 3:58.35 at Mt. Smart Stadium, becoming the youngest athlete to break the four-minute barrier. Ruthe surpassed his previous best and edged out Jakob Ingebrigtsen’s 16-year-old record.
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