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Trump floats possible exceptions to 10pc baseline tariff

Washington | US President Donald Trump said he could offer some exemptions to his 10 per cent tariff on most US trading partners – even as he insisted that it was “pretty close” to a floor for nations seeking to negotiate trade deals.

“There could be a couple of exceptions for obvious reasons, but I would say 10 per cent is a floor,” Trump told reporters on the weekend aboard Air Force One en route to Florida. He didn’t say what the “obvious reasons” were, and didn’t indicate any new shift in his tariff agenda.

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    Original URL: https://www.afr.com/world/north-america/trump-floats-possible-exceptions-to-10pc-baseline-tariff-20250413-p5lrbj