Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Trump could scale back Canada, Mexico tariffs Wednesday, Lutnick says

by admin March 6, 2025
March 6, 2025
Trump could scale back Canada, Mexico tariffs Wednesday, Lutnick says

President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday.

The potential agreements would likely involve scaling back at least part of Trump’s brand new 25% tariffs on imports from Mexico and Canada, he added.

Lutnick’s comments came minutes after the U.S. stock market limped to a close for a second day of sharp declines, spurred at least in part by investors’ fears that Trump’s aggressive policies will ignite a crippling trade war.

The compromise with Canada and Mexico will likely be revealed as soon as Wednesday, Lutnick said on “Fox Business.”

While the Cabinet secretary did not specify what Trump would agree to, he suggested the U.S. president would be willing to meet Canada and Mexico “in the middle.” He also appeared to foreclose on the possibility that Trump would lift the tariffs entirely.

The Trump administration on Tuesday reimposed sweeping 25% tariffs on Canadian and Mexican imports after putting them on pause for a month.

Trump, who has held up tariffs as an all-powerful negotiating tool, based the policy on allegations that the neighboring countries were failing to stem the flow of drugs and crime into the U.S.

“Both the Mexicans and the Canadians are on the phone with me all day today, trying to show that they’ll do better,” Lutnick said Tuesday afternoon.

“And the President is listening because, you know, he’s very, very fair and very reasonable. So I think he’s going to work something out with them,” he said.

Lutnick described a deal in which Canada and Mexico agree to “do more,” at which point Trump would “meet you in the middle some way.”

“We’re going to probably be announcing that tomorrow,” he said.

Lutnick said the announcement would not be another pause.

The comments came hours before Trump was set to deliver a primetime address to a joint session of Congress.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
S&P 500 Selloff: Bearish Rotation & Key Downside Targets!
next post
Top 9 Lithium-producing Countries

Related Posts

Inflation vs. wages: How rising prices stack up...

June 27, 2024

Why the Federal Reserve has made everything more...

July 30, 2023

Feds announce nationwide crackdown on robocalls and telemarketing...

July 19, 2023

Sam Bankman-Fried to learn fate today for orchestrating...

March 28, 2024

More states are considering requiring full minimum wages...

January 7, 2024

First the token, now the swipe: NYC’s subway...

March 20, 2025

More discounts — and pitfalls — await holiday...

November 30, 2023

How a $5 million fix turned Paramount Pictures’...

March 5, 2025

Dollar Tree is exploring a sale of its...

June 6, 2024

How Modelo Especial became America’s No. 1 beer...

June 16, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Breakout Watch: One Stock in Each Sector to Watch Now

    • Small Caps Are Rotating In — Here’s Why It Matters

    • Want Faster, Lower Risk Trades? Use This Setup

    • The Seasonality Trend Driving XLK and XLI to New Highs

    • Copper Soars to All-time High as Trump Unveils 50 Percent Tariff on Imports

    • Apollo Silver; Right Assets, Right Management and Right Time

    Categories

    • Business (1,283)
    • Investing (2,658)
    • Politics (3,699)
    • Stocks (1,709)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved