Trump Pumps the Brakes on Enormous Tariff Increases, Saying He May Give ‘a Break’ to ‘a Lot of Countries’
The president has plowed ahead with his shock-and-awe tariff regime despite warnings from investors and the Federal Reserve, which is now predicting much weaker growth this year.
President Trump is signaling to Wall Street that his “reciprocal tariffs” due next week may not be as broad as some are expecting, saying that he may be giving a “a break” to a number of countries just as he did with Canada and Mexico. Beyond the reciprocal tariffs, Mr. Trump also says he’s eyeing additional levies on automobiles and lumber.
Mr. Trump has long said that the United States is being ripped off by other nations that he says impose high tariffs on American goods. Since returning to the White House, his erratic approach to tariffs has created turmoil in the stock market and contributed to voters’ lack of confidence in his ability to guide the economy.
A login link has been sent to
Enter your email to read this article.
Get 2 free articles when you subscribe.
