President Donald Trump said he could offer some exemptions to his 10% tariff on most US trading partners.
Trump's comments capped a tumultuous week for equity and bond markets and threaten to inject more uncertainty for countries, investors, and businesses grappling with his trade policies.
The president this week put in place sweeping higher tariffs on dozens of nations — only to delay those levies hours later after seeing financial markets convulse as worries intensified that Trump's import taxes could devastate the global economy.
While China, the world's second-largest economy is facing a 145% levy, Trump is keeping his baseline 10% rate for most countries as foreign governments rush to secure deals with the administration.