Trump Administration to Announce Reciprocal Tariffs on April 2

Countries face tailored tariffs unless trade barriers are reduced, with negotiations ongoing to avoid economic fallout.

The Trump administration's reciprocal tariffs aim to match or exceed trade barriers imposed by other nations on U.S. goods.
Countries can avoid these tariffs by addressing U.S. concerns, including non-tariff barriers, currency manipulation, and labor suppression.
Treasury Secretary Scott Bessent expressed optimism that some nations, including India, may lower tariffs to preempt U.S. measures.
The European Union has threatened retaliatory tariffs on U.S. goods, raising fears of a potential trade conflict.
Economists and analysts warn that the tariffs could raise consumer prices, disrupt supply chains, and impact state economies reliant on trade with the EU.