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Donald Trump’s reciprocal tariffs came into effect on April 2. But how long will the tariffs be in place? Former Commerce Secretary Carlos Gutierrez has weighed in on the matter.
Donald Trump imposes reciprocal tariffs on several countries (Reuters Image)
Donald Trump’s April 2 reciprocal tariffs on various countries won’t be in place by the back half of 2025, former President George W. Bush’s Commerce Secretary Carlos Gutierrez has predicted.
He made the assertion, stating that the other countries impacted by the new levies will “rush to the negotiating table”.
His remarks came shortly after Trump announced the “discounted reciprocal tariffs” on several countries, including India and China on Wednesday. He set a baseline tariff of 10%, which goes as high as 49%.
Carlos Gutierrez’s Massive Prediction
In a massive prediction, Gutierrez said that some of the tariffs would be lifted in a month or two, adding that the tariffs would be the beginning of a big negotiation.
JUST IN: Former Commerce Secretary predicts Trump’s tariffs won’t be in place by the back half of 2025 because other countries will rush to the negotiating table.Former George W. Bush Commerce Secretary Carlos Gutierrez just made the prediction on CNBC.
Gutierrez went as far… pic.twitter.com/8yyGiuwx0j
— Collin Rugg (@CollinRugg) April 2, 2025
“It is the opening step. I would assume that this will not be in place in a month, two months. Definitely not in the back half of the year. So I’m in the camp that this is at the beginning of a big negotiation,” Gutierrez said in an interview with CNBC.
“I would put these tariffs in four groups. Number 1 is automobiles. And that comes down to Mexico, Canada and Germany. It’s not only about bringing production back, but it’s also about market access,” he added.
Notably, in Clause 4 of the US order, the President retains power to slash tariffs if a country addresses American concerns.
The Indian officials said that India has already begun the bilateral trade agreement negotiations with the US. The government is likely to issue a statement along with an analysis.
The first in-person trade deal talks between the two countries started last week in New Delhi. The trade officials from the US indicated that India will not be treated like China, Mexico and Canada on the issue of tariffs.
“It is now amply clear that the Trump administration does not club India with countries like China, Mexico, and Canada. There is a difference,” one of the trade officials had earlier said.
Trump’s Sweeping Tariffs
Trump’s new trade policy levies a 10% baseline tariff on all imports into the United States. He imposed 26% tariffs on India, 34% on China, 45% on Vietnam, 36% on Thailand, and 20% on the European Union, among other nations.
These tariffs are meant to push back against unfair trade practices like currency manipulation, poor environmental and labor standards, and rules that make it harder for US goods to be sold in other countries.
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Washington D.C., United States of America (USA)
