"We are going to be very fair, we're going to be very flexible" Trump told his cabinet, while pointing to winners and losers from the contentious policy.
"If we reach a deal it is most likely that we won't be charging those two countries the tariffs," he said, adding that Australia would also be spared.
"We have a very close relationship with Australia, we have a trade surplus with Australia, great country, long term partner, we'll be doing something with them," he said. "We'll be doing something with some other countries.
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