US President Donald Trump meets with US Ambassadors within the Cupboard Room of the White Home in Washington, DC, on March 25, 2025.
Mandel Ngan | AFP | Getty Photographs
President Donald Trump mentioned that tariffs will possible be extra “lenient than reciprocal,” because the April 2 tariff deadline looms for various levies to enter impact.
“I will in all probability be extra lenient than reciprocal, as a result of if I used to be reciprocal, that may be very powerful for individuals,” Trump mentioned Tuesday in an interview with Newsmax.
“I do know there are some exceptions, and it is an ongoing dialogue, however not too many, not too many exceptions,” the president added.
The feedback come as traders fear {that a} extra extreme method signaled by the Trump administration would dampen client and company sentiment sufficient to decelerate the U.S. economic system. On Tuesday, the Convention Board mentioned its measure for client expectations on enterprise, earnings and labor dropped to a 12-year low.
Shares have struggled lately, with the S&P 500 dropping 3% prior to now month. The benchmark additionally dipped into correction territory amid the tariff pressures, briefly buying and selling greater than 10% under a report set in February.
Get Your Ticket to Professional LIVE
Be a part of us on the New York Inventory Trade!
Unsure markets? Acquire an edge with CNBC Professional LIVE, an unique, inaugural occasion on the historic New York Inventory Trade.
In at present’s dynamic monetary panorama, entry to professional insights is paramount. As a CNBC Professional subscriber, we invite you to hitch us for our first unique, in-person CNBC Professional LIVE occasion on the iconic NYSE on Thursday, June 12.
Be a part of interactive Professional clinics led by our Execs Carter Price, Dan Niles and Dan Ives, with a particular version of Professional Talks with Tom Lee. You will additionally get the chance to community with CNBC specialists, expertise and different Professional subscribers throughout an thrilling cocktail hour on the legendary buying and selling ground. Tickets are restricted!