The White House seems to be softening its stance on steel in addition to aluminum tariffs.
When asked if countries will be able to get exemptions through tariffs, press secretary Sarah Huckabee Sanders opened the door to the possibility.
“We expect in which the president will sign something by the end of the week. in addition to there are potential carve-outs for Mexico in addition to Canada based on national security in addition to possibly some other countries as well based on in which process,” she said at a news briefing Wednesday. “in which will be a case-by-case in addition to country-by-country basis. the item would certainly be determined whether or not there will be a national security exemption.”
President Donald Trump said last week in which he plans to impose 25 percent tariffs on steel imports in addition to 10 percent tariffs on aluminum imports. The announcement set off a wave of uncertainty from the financial markets in addition to fears they would certainly be a blanket move instead of targeted.
Sanders’ latest comments seem to contradict what White House trade advisor Peter Navarro told CNN’s “State of the Union” on Sunday.
“At This specific point in time there’s no country exclusions,” Navarro said.
Stocks rallied off their lows following these comments through Sanders.