- President Donald Trump has suggested that he would be open to the “flexibility” tariff, ” But it does not seem very eager to give more exceptions to specific industries. Trump Wall Street's comments helped to finish narrow gains after the first -day sale of indexes on Friday morning.
President Donald Trump resisted the idea of giving more identification relief, but it seemed open to the “flexibility” mutual tariff.
On Friday, Trump was asked about granting industry exemptions on his definition.
He replied, “People come to me and talk about customs tariffs, and many people ask me whether they can get exceptions.” “Once you do this for one, you have to do it for everyone.”
During the first two months in his post, Trump, highlighted, implemented a 20 % tariff on Chinese goods in addition to the duties of 25 % on the goods from Canada and Mexico, but gave the auto industry for one month's exemption on vehicles that comply with the American and Mexican Trade Agreement.
In addition, Trump imposed a 25 % tariff on all steel and aluminum while duties threaten micro -chips and drug imports to the United States, and threatened to impose a 25 % duty on all the goods imported from the European Union.
“I have given American car companies a break because it was not fair if I hadn't done it,” Trump said, adding that he had not changed his opinion on the definitions.
The tariff for the auto industry will return to the beginning of next month.
“I am not changing. But the word flexibility is an important word,” Trump said. “Sometimes flexibility is. So there will be flexibility, but it is basically mutual.”
The White House did not respond immediately wealth Request for detailing on Trump's use of the word “flexibility”.
Trump confirmed “Tahrir's Day”, which declared himself on April 2, when it imposes a mutual tariff for countries that allocated customs tariffs on American goods as well as taxes with added value and non -sharp commercial barriers.
While the market fluctuations regarding the tariff fears have succeeded in Wall Street in recent weeks, stocks have risen after Trump's comments, as she wore a morning sale. After it decreased by 1.6 % on Friday, S&P finished 0.08 % higher per day, while the industrial average of Jones and Nasdaq gained 0.08 % and 0.52 %, respectively.
In addition, Trump announced on Friday that he was planning to speak with Chinese President Xi Jinping, but he did not indicate for how long.
China has imposed a tariff for revenge on US agriculture imports in response to a 20 % -inclusive tariff for the country.
“I will talk to President Xi, and I have a great relationship with him. We will have a very good relationship, but we have a trillion dollars deficit,” Trump said.
This story was originally shown on Fortune.com
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