Trump slaps 25% tariffs on auto imports, says nations shall be ‘pleasantly stunned’ by reciprocal duties

One other signal that the Trump administration could soften reciprocal tariffs got here from the president himself on Monday.

“Effectively, I’ll give loads of nations breaks,” President Trump advised reporters on Monday after he and Gov. Jeff Landry delivered remarks celebrating a brand new $5 billion metal plant.

“It’s reciprocal, however we could be even nicer than that,” Trump continued. “We could take lower than what they’re charging as a result of they’ve charged us a lot, I do not suppose they might take it.”

In latest days, White Home officers have tried to sign extra leeway on Trump’s like-for-like tariffs, which cheered markets, however many questions stay on how far Trump will go within the subsequent section of his commerce agenda.

Including to these questions, Trump stated Monday he’ll announce extra tariffs on autos, lumber, and chips within the subsequent few days.

Watch Trump’s full remarks under: