Trump Floats Possible Exceptions to 10% Baseline Tariff

President Donald Trump said he could offer some exemptions to his 10% 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% is a floor,” Trump told reporters on Friday evening 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.

Trump’s comments capped a tumultuous week for equity and bond markets and ...