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Image Credit: Bloomberg Quint

Trump Floats Possible Exceptions To 10% Baseline Tariff

  • 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.

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