Washington, March 25 -- U.S. President Donald Trump on Monday said that he may "give a lot of countries breaks" on tariffs, as his April 2 deadline to impose "reciprocal tariffs" on U.S. trading partners draws closer.

"I may give a lot of countries breaks, but it's reciprocal," Trump told reporters at the White House Monday afternoon.

He noted that the European Union (EU) has agreed to lower car tariffs to 2.5 percent as part of a deal with the Trump administration.

"We'll be announcing some additional tariffs over the next few days, having to do with automobiles, cars, and having also to do a little bit with lumber down the road, lumber and chips," Trump continued.

"But for the most part, April 2 will be a big day, that will be recipr...