Commerce Secretary Howard Lutnick said a compromise with Canada and Mexico on Trump’s controversial tariffs will “probably” come “tomorrow.”
Commerce Secretary Howard Lutnick said a compromise with Canada and Mexico on Trump’s controversial tariffs will “probably” come “tomorrow.”
U.S. President Donald Trump is expected to impose new tariffs Tuesday on Canadian and Mexican exports to the United States, but Commerce Secretary Howard Lutnick told Fox News Sunday they may not be as high as the 25% figure Trump was planning.
Commerce Secretary Howard Lutnick indicated that President Donald Trump is expected to delay imposing 25% tariffs on Canada and Mexico for all goods and services covered under the USMCA trade agreement,
US President Donald Trump suspended on Thursday the 25 per cent tariffs he imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy that has whipsawed financial markets and fanned worries over inflation and a growth slowdown.
That wasn’t the only tense exchange Lutnick would have with a Canadian leader. Several days later, he was also on
U.S. tariffs of 25% on imports of steel and aluminum will take effect as scheduled on Wednesday, Lutnick said.
President Donald Trump's Commerce secretary indicates there won't be a "pause" on tariffs, but negotiations with Canada and Mexico will meet "in the middle."
WASHINGTON (AP) — U.S. Commerce Secretary Howard Lutnick said Thursday in a television interview that President Donald Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos.
US commerce secretary Howard Lutnick has insisted fears that US president Donald Trump's global tariffs will not lead to a recession in the United States. "Absolutely not," Mr Lutnick told NBC on Sunday.
The U.S. Commerce Secretary said President Donald Trump is "open-minded" about meeting Canada and Mexico "in the middle".