Trump Says 10% Tariff Baseline Unless ‘Exceptional’ Offer Made

President Donald Trump said that he would “always” impose a minimum 10% tariff on trading partners — before quickly adding that “there could be an exception,” underscoring the difficulty discerning the US approach to dozens of trade deals under negotiation.

“You are going to always have a baseline,” Trump said at the White House on Friday. “I mean, there could be an exception. At some point we’ll see somebody does something exceptional for us. It’s always possible. But basically, you have a baseline of a minimum of 10% and some of them will be much higher.”

Following a framework agreement ...