Commerce Secretary Howard Lutnick said a compromise with Canada and Mexico on Trump's controversial tariffs will "probably" come "tomorrow."

KEY POINTS

  • Donald Trump will “probably” announce a compromise with Canada and Mexico as early as Wednesday, which could scale back his new 25% tariffs on top U.S trading partners, Commerce Secretary Howard Lutnick said.
  • The comments came after the U.S. stock market limped to a close for a second day of sharp declines.
  • The Trump administration enacted sweeping tariffs on Canadian and Mexican imports after putting them on pause for a month.
  • Monkey With A Shell@lemmy.socdojo.comEnglish
    57·
    2 days ago

    Step 1: short a bunch of stocks likely to affected by blanket tariffs

    Step 2: “I’m enacting a massive across the board tax” causing prices to fall

    Step 3: close the shorts for a gain, buy newly lowered stock aft market dip. Announce ‘compromise’ that brings indexes back up

    Step 4: Sell and profit a second time, prepare to return to step 1