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President Donald Trump said Wednesday he was open to providing exemptions for certain U.S. companies hit especially hard by tariffs through no fault of their own.
The president and Treasury Secretary Scott Bessent spoke to reporters Wednesday afternoon and were asked repeatedly about the effect their tariff moves have had on financial markets and whether they will let their recent declines affect future trade decisions.
Trump was asked specifically if he would consider “exempting” some larger U.S. companies that have been hit especially hard by the new tariffs, and the president said he would consider it.
“I’ll take a look at it as time goes by. We’re going to take a look at it,” Trump responded. “There are some that have been hard — there are some that, by the nature of the company, get hit a little bit harder, and we’ll take a look at that.”
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President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden at the White House in Washington, D.C., April 2, 2025. (Brendan Smialowski/AFP via Getty Images)
When asked how he would determine which companies might receive such an exemption, Trump responded, “Instinctively.”
“You almost can’t take a pencil to paper. It’s really more of an instinct than anything else,” Trump added. “Some companies, through no fault of their own, they happen to be in an industry that is more affected by these things than others. You have to be able to show a little flexibility, and I’m able to do that.
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“You have to have flexibility,” Trump said Wednesday. “I could say, ‘Here’s a wall, and I’m going to go through that wall. I’m going to go through it, no matter what. Keep going, and you can’t go through the wall. Sometimes you have to be able to go under the wall, around the wall or over the wall.”
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