Another sign that the Trump administration may soften reciprocal tariffs came from the president himself on Monday.
“Well, I may give a lot of countries breaks,” President Trump told reporters on Monday after he and Gov. Jeff Landry delivered remarks celebrating a new $5 billion steel plant.
“It’s reciprocal, but we might be even nicer than that,” Trump continued. “We may take less than what they’re charging because they’ve charged us so much, I don’t think they could take it.”
In recent days, White House officials have attempted to signal more leeway on Trump’s like-for-like tariffs, which cheered markets, but many questions remain on how far Trump will go in the next phase of his trade agenda.
Adding to those questions, Trump said Monday he will announce additional tariffs on autos, lumber, and chips in the next few days.
Watch Trump’s full remarks below:
