The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

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
Sector Rotation & Seasonality: What’s Driving the Market Now?”
next post
Macy’s turnaround hinges on revamping some stores and closing others. It appears to be working.

Related Posts

Citibank customers report fraud alerts and account access...

January 17, 2025

Caroline Ellison, former FTX exec, sentenced to 2...

September 26, 2024

Starbucks announces several changes, including plans to cut...

January 31, 2025

Retailers shift their thinking on delivery as consumer...

July 25, 2024

Bruce Nordstrom, who helped grow family-led department store...

May 20, 2024

What a stake in Intel could mean for...

August 27, 2025

Nike expects more sales declines as it attempts...

July 1, 2024

Dow tumbles 475 points, S&P 500 suffers worst...

April 18, 2024

Pepsi sued by federal regulators for giving Walmart...

January 18, 2025

GameStop, MicroStrategy shares rise after Ryan Cohen posts...

February 11, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest

    • Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

      September 21, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      September 21, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 21, 2025
    • Trump caps UK trip with $350B tech pact, heads to Arizona for Kirk’s memorial service

      September 21, 2025
    • How AI browsers open the door to new scams

      September 21, 2025
    • WATCH: Defiant Kash Patel says he’s ‘proud’ to lead FBI after explosive hearing

      September 21, 2025

    Categories

    • Business (1,388)
    • Politics (4,539)
    • Stocks (1,661)
    • Uncategorized (45)
    • World News (1,381)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved