Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

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

previous post
Israeli survivor of deadly suicide bombing grapples with the release of the man who ordered the attack
next post
Top 9 Lithium-producing Countries

Related Posts

McDonald’s Snack Wrap is officially returning. Here’s when.

June 4, 2025

U.S. farm agency allows six more states to...

August 6, 2025

Buffett denies rumors after Trump shares wild claim...

April 6, 2025

Tesla denies report that the EV maker is...

May 2, 2025

Divided Fed proposes rule to ease capital requirements...

June 27, 2025

Lucid CEO steps down; EV maker plans to...

February 28, 2025

McDonald’s Snack Wrap is officially making a permanent...

June 5, 2025

Trump signs executive order to end collective bargaining...

March 29, 2025

Krispy Kreme stock plunges after doughnut chain pauses...

May 9, 2025

As Joann Fabrics and JCPenney announce store closings,...

February 18, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


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

    Recent

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

      October 23, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      October 23, 2025
    • Collie land acquisition & approvals move ahead

      October 23, 2025
    • High stakes and blue sky as Augustus lines up for PNG golden prize

      October 23, 2025
    • Apollo Silver Closes Initial $25 Million Tranche of Private Placement Offering

      October 23, 2025
    • Chevron Extends Partnership with REM in Major Contract Award

      October 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.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 crazyflux.com | All Rights Reserved