President Donald Trump said he was open to negotiations that would reduce the tariffs he’s planning to implement on countries next week, but that he didn’t expect deals ahead of his April 2 announcement.

President Donald Trump said on Friday that he would announce tariffs on pharmaceutical imports but declined to say whether life-saving drugs would be spared or reveal the exact rates. He is also open to negotiations that could potentially reduce the new taxes planned for next week,

President Trump on Wednesday suggested that he'd lower tariffs on Chinese goods if Beijing agrees to a TikTok sale. The big picture: This is a private negotiation going public, which suggests that a deal isn't yet at hand.

Everett Eissenstat, Ludmilla Kasulke and Anna Baramidze of Squire Patton Boggs discuss the laws regarding tariffs in light of the expected imposition of tariffs on April 2.

The president has circled April 2 as the culmination of his "American first" economic policy, which has already shaken markets and started a trade war.

President Donald Trump’s expanding trade war is ricocheting through corporate boardrooms and driving up economic pessimism at kitchen tables.