During an interview on Fox, Commerce Secretary Howard Lutnick spoke about a possible agreement with Canada and Mexico that would allow their tariffs to be rolled back to some degree.
Lutnick said he did not expect immediate tariff relief for China since it continues to subsidize fentanyl production that is killing Americans.
A deal to roll back U.S. tariffs on Canadian and Mexican goods may be in the works, a top Trump administration official suggested Tuesday, as President Donald Trump prepared to give a major address to Congress.
Secretary Lutnick hedged his bets about the economic sanctions being leveled against Canada and Mexico from tomorrow—and refused to rule out a 25% import duty.
Howard Lutnick told CNBC “hopefully Mexico and Canada will have done a good enough job on fentanyl” that the U.S. will focus only on reciprocal tariffs.
That wasn’t the only tense exchange Lutnick would have with a Canadian leader. Several days later, he was also on
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."
KEY TAKEAWAYS Commerce Secretary Howard Lutnick hinted at a compromise and a scaling back of the 25% tariffs imposed by Washington on Canada and Mexico on Tuesday.Lutnick told reporters after President Donald Trump stuck with his pro-tariff stance in his address to a joint session of Congress Tuesday night that the administration would "probably"
Commerce Secretary Howard Lutnick said President Donald Trump will “meet in the middle” with Mexico and Canada after 25% tariffs on America’s continental neighbors went into effect Tuesday. Lutnick to
President Donald Trump on Thursday announced a one-month tariff delay on all products from Mexico that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets,
The Trump administration could announce a pathway for tariff relief on Mexican and Canadian goods covered by North America’s free trade agreement as soon as Wednesday, Commerce Secretary Howard Lutnick said.