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What can Americans expect on April 2?
The White House has kept a tight lip regarding details surrounding Trump's planned tariff announcement, only explaining reciprocal tariffs will even the playing field for the U.S. after decades of unfair trading practices.
"I think it's going to be something that's going to bring a lot of wealth back to our country, tremendous wealth back to our country, actually," Trump told the media Monday. "And, other countries are understanding, because they've been ripping us for 50 years, longer."
Trump and his administration have touted that the tariff plan will encourage business in the U.S. as industries set up shop on American soil to avoid tariffs, opening up job opportunities for U.S. workers.
White House trade advisor Peter Navarro previewed during a "Fox News Sunday" interview over the weekend that the new tariffs will generate $600 billion annually for the U.S. — or $6 trillion during the next decade.
While details of the plan remain shrouded in mystery until Trump's announcement, Treasury Secretary Scott Bessent previously singled out 15% of the nations worldwide that have trade imbalances with the U.S., referring to them as the "dirty 15" that will likely be the focus of the tariff announcement.
"Going into April 2, some of our worst trading partners in terms of the way they treat us have already come to President Trump offering ... substantial decreases in very unfair tariffs," Bessent said Tuesday in an exclusive interview on "Mornings with Maria."
"I'm optimistic that, April 2, some of the tariffs may not have to go on because a deal is pre-negotiated," he added, "or that once countries receive their reciprocal tariff number, that, right after that, they will come to us and want to negotiate it down."
