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.
  • The_v@lemmy.world
    6·
    1 day ago

    Double them up wait a month for the U.S. stock and commodity markets to absolutely crater.

    • Podunk@lemmy.world
      62·
      1 day ago

      Canada and mexico will absolutely crater first if pushed. Canada can maybe afford it short term and make trump blink first. They have a better position. Sheinbaum, for all the credit ill give her for not being a complete stooge like a good portion of the world expected, is in a much tighter predicament. I want her to go toe to toe. She has showed she isnt a puppet. But i dont think she can afford to hold out as long as necessary. Politically or economically.