The Trump administration plans to issue proposed U.S. tariff rates to trading partner countries on April 2, based on factors such as their existing rates and trade barriers. Treasury Secretary Scott Bessent mentioned that countries will be given an opportunity to negotiate to avoid significant tariffs. Trump's aim is to implement "reciprocal tariffs" to align U.S. tariffs with other countries and counter unfair trade practices, with a potentially negotiable period before imposing new tariffs. Bessent emphasized that the U.S. will push for the reduction of trade barriers, warning of increased tariffs for countries that do not comply to protect the U.S. economy and its workforce.