President Donald Trump said on Friday that the U.S. will maintain a baseline 10% tariff on imports even after trade deals are struck, adding there could be exemptions when countries offer significant trade terms.

U.S. President Donald Trump said on Friday that 80 percent tariffs on Chinese goods “seems right,” making his first suggestion of a specific alternative to the 145 percent levies he has imposed on China ahead of weekend talks to contain a trade war between the world’s two biggest economies.