Trump Defends Tariff Impact While Allowing He Might Cut ‘Some’

President Donald Trump said he might consider lowering tariffs on some US goods while reiterating that his broad use of import taxes is helping lure investment and revive long-suffering industries like auto and semiconductor manufacturing.

Asked in an interview with Politico whether he’d rule out cutting tariffs on more goods than coffee, beef and bananas, Trump said he would “on some, and on some I’ll increase tariffs.” He said the breaks he approved recently amid a voter outcry against elevated prices on groceries in particular were “very small carveouts. It’s not a big deal.”