Following a Cabinet meeting on Monday, Trump said tariffs on various products will be announced in the “very near future.” Then, later Monday afternoon, Trump said, “I may give a lot of countries breaks,

Trump explained that these tariffs would be announced in the near future, rather than far off. Later in the day, during another White House event, he added that tariffs on lumber and semiconductor industries would also be introduced at a later time.

President Donald Trump has praised tariffs and announced an array of import duties on specific countries and products since taking office.