President Donald Trump said on Friday (May 9) that the US will maintain a baseline 10% tariff on imports even after trade deals are struck, adding there could be exemptions when countries offer significant trade terms.
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00:00Some of our congressmen and senators to say a few words.
00:03You are going to always have a baseline.
00:06I mean, there could be an exception at some point.
00:08We'll see.
00:08You know, somebody does something exceptional for us.
00:11It's always possible.
00:12But basically, you have a baseline of a minimum of 10 percent,
00:16and some of them will be much higher, 40 percent, 50 percent, 60 percent,
00:20as they've been doing to us over the years.
00:21What parameters have you given Scott Besson on negotiating with China this weekend?
00:27We have to make a great deal for America.
00:30Are you going to be disappointed if he comes back without a deal?
00:33No, not at all, because we already made a great deal.
00:36We're not doing business with China right now.
00:38Have you given Besson a number of how low you're willing to go?
00:41Yeah, I am.
00:43Thank you very much.
00:43We'll see you next time.