- President Donald Trump suggested he would be open to flexibility tariffs, But it does not seem too captured in providing additional exceptions to specific industries. Trump’s comments helped bounce Wall -Street with narrow income after indexes were initially sold on Friday morning.
President Donald Trump opposed the ideas to provide more tariffs, but turned out to be open to the mutual flexibility tariff.
In the Oval Cabinet on Friday, Trump was asked about providing industry publications to their tariffs.
“People come to me and talk about tariffs, and many people ask me if they can have exceptions,” he replied. “And as soon as you do it for one, you have to do it for everyone.”
During the first few months, Trump, first and foremost, implemented a 20% tariff for Chinese goods, as well as again, not again, 25% of Canada and Mexico goods, but provided a one-month release from vehicles that correspond to the US-Mexico Trade Deal.
In addition, Trump sympathized with 25% tariff for all steel and aluminum, threatening microchi duties as well as imports of pharmaceuticals in the US.
“I gave the US Automobile Company a break because it would be unfair if I didn’t,” Trump said, adding that he did not change his mind.
The tariff for the car industry will come into force at the beginning of the next month.
“I don’t change. But the word flexibility is an important word,” Trump said. “Sometimes it is flexibility. So, it will be flexibility, but mostly it is mutual.”
The White House did not immediately respond to Fortune Request for the development of Trump’s use of the word “flexibility”.
On April 2, Trump confirmed the self -proclaimed “Liberation Day” when he introduces mutual tariffs for the US goods tariffs, as well as the value added taxes and other non -tariff trading barriers.
While the volatility of the market compared to the tariff problems has destroyed Wall -Restitus in recent weeks, the shares have rallied after Trump’s comments, bounced from the morning sale. After falling as much as 1.6% on Friday, the S&P 500 finished 0.08% above the day, while Chain Jones is industrial average and Nasdaq The composite scored 0.08% and 0.52% respectively.
In addition, Trump announced on Friday what he plans to talk to Chinese President Xi Jinping but did not indicate when.
China charged tariffs on the emphasis on US agriculture in response to 20%, which is a comprehensive Trump tariff located in the country.
“I will talk to President SI, have a great relationship with him. We will have a very good relationship, but we have a trillion dollar shortage,” Trump said.
Originally this story was presented on Fortune.com
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2025-03-22 08:01:00
Stuart Dyos
