Trump Hints At Tariff ‘Breaks,’ Cheers Hyundai’s $21B Bet With Louisiana Steel Plant Deal

President Donald Trump hinted at tariff relief for select nations in a White House appearance on Monday, while celebrating Hyundai Motor Co. (OTCPK: HYMLF) ‘s $21 billion investment push in Louisiana, a move that includes increased steel output and underscores growing foreign confidence in America’s manufacturing sector.
Trump reiterated that reciprocal tariffs are expected to be announced on Apr. 2, but suggested some flexibility: “I may give a lot of countries breaks on tariffs,” he said, adding that “not all tariffs will be included on April 2.”
Trump’s remarks mark a significant twist in his tariff strategy, long defined by aggressive policies aimed at reducing the country’s trade deficits.
“They’ve charged us so much that I’m embarrassed to charge them what they’ve charged us,” Trump said. “But it’ll be substantial.”
New Tariffs Incoming, But Not for Everyone
Trump confirmed that new tariffs targeting foreign-made automobiles, chips and lumber will be unveiled “over the next days,” though details remain limited.
“We’re going to get all those chip companies coming back,” Trump said.
A separate 25% tariff on oil-importing nations trading with Venezuela, announced earlier on Monday, was …Full story available on Benzinga.com

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