This president’s still not ready to “bend at all,” even as his escalating trade war rocks US stock markets.
On Sunday, Trump was asked whether he was looking at creating exemptions from 25% tariffs on steel and aluminum that came in last week. “I have no intention of it,” he told reporters on Air Force One, per CNN.
At the same time, the president signaled that additional tariffs on specific sectors will be imposed on April 2, alongside the reciprocal blanket measures expected.
“In certain cases, both,” Trump said when asked if he would be imposing sectoral and reciprocal tariffs on April 2. “They charge us, and we charge them. Then, in addition to that, on autos, on steel, on aluminum, we’re going to have some additional,” he said, according to Reuters.
Those metals duties triggered immediate tariff retaliation from the EU and Canada last week and prompted other countries to step up talks to try to get off the hook. The economic toll of the tit-for-tat measures on the US is expected to be heavy — but is seen as transient by the White House.
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