Treasury Secretary Scott Bessent suggested Tuesday that President Donald Trump may not impose immediate tariffs on U.S. trading partners April 2, as the president has repeatedly promised to do.

The Trump administration on April 2 will give trading partner countries a proposed U.S. tariff rate based on their own rates, non-tariff trade barriers and other factors -- along with an opportunity to negotiate to avoid a "tariff wall,

U.S. Treasury Secretary Scott Bessent said Tuesday that some new U.S. tariffs may not have to be imposed on April 2 under a pre-negotiated deal or negotiation after that date.