Trump floats possible exceptions to 10pc baseline tariff

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The president’s comments capped a tumultuous week for equity and bond markets and threaten to inject more uncertainty for countries, investors and businesses.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Washington | President Donald Trump said he could offer some exemptions to his 10 per cent tariff on most US trading partners — even as he insisted that it was “pretty close” to a floor for nations seeking to negotiate trade deals. “There could be a couple of exceptions for obvious reasons but I would say 10 per cent is a floor,” Trump told reporters on the weekend aboard Air Force One en route to Florida.

He didn’t say what the “obvious reasons” were, and didn’t indicate any new shift in his tariff agenda. Bloomberg Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.



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