The Trump administration will give countries a proposed tariff rate based on their own rates, non-tariff trade barriers and other factors while also providing an opportunity to negotiate around the “tariff wall,” U.S. Treasury Secretary Scott Bessent said Tuesday.

“On April 2, each country will receive a number that we believe represents their tariffs,” Bessent told Fox Business Network. “For some countries, it could be quite low. For some countries, it could be quite high.”
President Donald Trump has said the “reciprocal tariffs” taking effect April 2 will offset trade practices his administration deems unfair. Bessent said the tariffs are designed to protect the U.S. economy, its workers and industries.

“We are going to go to them and say, ‘Look, here’s where we think the tariff levels are, non-tariff barriers, currency manipulation, unfair funding, labor suppression, and if you will stop this, we will not put up the tariff wall,'” Bessent said of trading partners.