President Donald Trump said he could sacrifice some exemptions to his 10 percent tariff for most US commercial partners, as he insisted that he was “quite close” to a floor for nations to negotiate trade agreements.
“There could be a couple of exceptions for obvious reasons, but I would say that 10 percent is a floor,” Trump told reporters on Friday night aboard Air Force One and Route to Florida. He did not say what the “obvious reasons” were, and did not indicate any new change in his tariff agenda.
Trump’s comments limited a tumultuous week for capital and bond markets and threaten to inject more uncertainty for countries, investors and companies with their commercial policies. The president this week implements higher tariffs in Dozen de las nations, only to delay those levies after seeing the financial markets convulse as concerns intensified that Trump import taxes could be devastating the global economy.
Although China, the second largest economy in the world faces a 145 percent tax, Trump maintains its base rate of 10 percent for most countries as foreign governments rush to ensure agreements with the administration.
On Friday he saw the shares erase their losses and obtain its best week since 2023. The S&P 500 increased 1.8 percent in a report that a Federal Reserve official said that the Central Bank was ready to help stabilize the markets, if necessary. The yields of the 10 years of the United States.
However, the volatility of the last days does not show signs of relaxation with the fear of the Trump campaign to use tariffs to return manufacturing jobs to the United States and provide the federal government with more income that will include economies to the recession and threaten Worldaten.
Trump minimized that agitation on Friday, saying: “I think the markets were solid today. I think people are seeing Weing greatly,” he said. And insisted that the American dollar “always” would continue “the coin of choice.”
“If a nation is not going to be in dollar, I would tell him that inside a phone called he would return to the dollar. You always have to keep the dollar,” he added.
Trump also moved away the fluctuations in the US Treasury bonds. “The bond market is going well. It had a small moment, but I solved that problem very quickly,” he said.
Even so, also with temporary relief for other commercial partners, the high rate rate in China will increase the average tax rate of the United States to historical levels, Bloomberg Economics agreed. The prolonged commercial shock between the two largest economies in the world threatens $ 690 billion in commerce.
Beijing on Friday raised tariffs on all US assets to 125 percent, reflecting a White House movement that promoted tariffs on Chinese imports at the same level, in addition to an tax existing to 20 percent. China said it would not coincide with more walks, but reiterated its vote of “fighting until the end” with other unspecified countermeasures.
“I think something positive will come,” Trump told reporters on Friday when asked about the commercial fight with China, the Chinese president of Calterpart, Xi Jinping, “a very good leader, a very intelligent leader.”
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Posted on April 12, 2025