Exceptions from duties of 10% could the Donald TrumpAccording to his statements, for most US trade partners, even when he insisted he was “close enough” to a threshold (10%) for states seeking to negotiate trade agreements.
“There could be some exceptions for obvious reasons, but I would say that 10% is a threshold,” Yesterday (11.5.2025) Trump on Air Force One on the way to Florida, according to a Bloomberg report. He did not say what the “obvious reasons” were and did not indicate a new change in his tariff agenda.
Trump’s comments have completed a hectic week for shares and bond markets and threaten to cause more uncertainty in countries, investors and businesses facing his commercial policies. This week, the president put into implementation of sweeping higher duties in dozens of countries – just to delay these contributions hours later, after seeing financial markets being shocked, as concerns that Trump’s import taxes could be destroyed.
While China, the world’s second largest economy, faces a 145% levy, Trump holds the basic 10% for most countries, as foreign governments are rushing to secure agreements with the government.
Yesterday the shares deleted their losses and scored their best week by 2023. The S&P 500 jumped 1.8% after reporting that a US Federal Bank official said the central bank was ready to help stabilize markets if needed. The yields of US 10 -year titles are quite a few of Friday’s high levels, but have scored the biggest weekly rise in the last two decades.
The volatility of the last few days, however, shows no signs of decline, with fears that Trump’s campaign to use duties to bring back to the US work on manufacturing and securing the federal government more revenue will lead to economies in recession and threaten the US.
Trump on Friday downgraded this turmoil, saying: Trump said: “I think the markets were stable today. I think people see that we are in excellent condition, “he said. And he insisted that the US dollar would remain “always” “the currency of the choice (investor)”.
“If a nation said we wouldn’t be on the dollar, I would tell you that they would return to the dollar with a phone call. You should always keep the dollar, “he added.
Trump also rejected the fluctuations of US government bonds, which, as he said this week, were a factor in changing his tariff policy. “The bond market is going well. It had a small moment, but I solved this problem very quickly, “he said.
However, even with the temporary relief for other commercial partners, the high tariff rate for China will lead the US tariff rate to historical levels, according to Bloomberg Economics. The prolonged trade conflict between the world’s two largest economies threatens the $ 690 billion trade.
Beijing increased duties on all US products yesterday to 125%, reflecting a White House movement that pushed tariffs on Chinese imports at the same level, in addition to a 20%existing tax. China said it would not respond to further increases, but has reiterated its promise to “fight to the end” with other – renowned – countermeasures.