Trump Considers Tariff Exemptions for Struggling U.S. Companies

President Donald Trump indicated he is open to granting tariff exemptions to certain U.S. companies significantly impacted by recent tariffs, suggesting a flexible approach based on instinct rather than established guidelines. During a press conference, he acknowledged that some industries may be disproportionately affected and expressed willingness to evaluate appeals from these companies. Trump's comments come amid a backdrop of market volatility following his tariff announcements, which included a 10% universal tariff and increased tariffs on specific countries like China. Although he previously exempted Apple during his first term, he has not yet done so in the current round of tariffs, despite their substantial impact on the stock market. He announced a 90-day pause on certain reciprocal tariffs, but emphasized that tariffs on China would remain high. This approach has raised concerns about the unpredictability of U.S. trade policy and its implications for businesses.