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Trump tariffs live updates: US won't drop China tariffs without something 'substantial'
"Otherwise, I'm not going to drop ‘em. It'll all work out," Trump said
President Donald Trump is claiming, in a Time magazine interview out Friday, that he's made "200 deals" so far in tariff talks but wouldn't say why he hadn't announced any.
He also said that he would be "finished" with negations in the next 3-4 weeks.
Key Headlines
Trump admin weighing exceptions for some Chinese auto parts, sources say
The administration is considering possible exceptions for some Chinese auto parts, sources told ABC News.
While no final decision has been made, the administration is examining streamlining overlap between auto Section 232 tariffs and the steel, aluminum, and fentanyl tariffs.
"No final decisions have been made by the White House on any potential changes to the auto tariffs," White House spokesperson Kush Desai said.
-ABC News' Marcy Bruce, Hannah Demissie and Katherine Faulders
Beijing on US-China tariff talks: 'All fake news'
A Chinese official on Thursday said that claims that Washington and Beijing are in active talks about tariffs were "all fake news."
Ministry of Foreign Affairs spokesperson Guo Jiakun said that the two sides have not consulted or negotiated on tariffs at all, but signaled that Beijing would be open to talks on an equal and reciprocal footing.
-ABC News’ Karson Yiu
Trump suggests he might raise tariff on cars from Canada
Trump suggested that he might increase tariffs on cars from Canada from the current 25% he has levied against them.
“They took a large percentage of the car industry and I want to bring it back to this country. I really don't want cars from Canada,” Trump said. “So when I put tariffs on Canada, they're paying 25%, but that could go up in terms of cars. When we put tariffs on, all we're doing is what we're saying ‘We don't want your cars.’”
Trump mum on reported trade deal with India
Trump was asked about the trade deal with India thatVice President JD Vance claimed to helped negotiate, but the president provided no details.
"They're not very complicated. These deals. It's about the tariffs," Trump said before speaking about unfair trade deals in the past between the U.S. and India.