President Donald Trump suggested he would be open to tariff „flexibility,” but doesn’t seem too keen on granting more exceptions to specific industries. Trump’s comments helped Wall Street rebound to finish with narrow gains after indexes initially sold off Friday morning.
President Donald Trump resisted the idea of granting more tariff relief but appeared open to reciprocal tariff “flexibility.”
At the Oval Office on Friday, Trump was asked about granting industries exemptions to his tariffs.
“People are coming to me and talking about tariffs, and a lot of people are asking me if they could have exceptions,” he replied. “And once you do that for one, you have to do that for all.”
During the first couple months in office, Trump has most notably implemented a 20% tariff on Chinese goods as well as on-again, off-again 25% duties on goods from Canada and Mexico but granted the auto industry a one-month exemption on vehicles that comply with the US-Mexico-
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