White House Director of the National Trade Council, Peter Navarro commented on Trumps’ tariffs on Sunday:
- Exemptions and exclusions are different
- “There’ll be an exemption procedure for particular cases where you need to have exemptions so that business can move forward.”
- ” At this point in time, there’ll be no country exclusions.”
- “As soon as he (Trump) starts exempting countries, he has to raise the tariff on everybody else.”
- “As soon as he exempts one country, his phone starts ringing with the heads of state of other countries.”
Trump is expected to formally sign an order for the 25% tariff on steel and 10% on aluminum this week.
