Commerce Secretary Howard Lutnick said a compromise with Canada and Mexico on Trump’s controversial tariffs will “probably” come “tomorrow.”
U.S. President Donald Trump is expected to impose new tariffs Tuesday on Canadian and Mexican exports to the United States, but Commerce Secretary Howard Lutnick told Fox News Sunday they may not be as high as the 25% figure Trump was planning.
President Trump is likely to announce more exemptions from his new tariffs on Canadian and Mexican products, Commerce Secretary Howard Lutnick said Thursday. In an interview with CNBC, Lutnick said Trump is likely to exempt Canadian and Mexican goods and services from tariffs that comply with the U.
It’s likely that it will cover all USMCA compliant goods and services, so that which is part of President Trump’s deal with Canada and Mexico are likely to get an exemption from these tariffs,” Lutnick told the network,
I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd,” Trump said on his Truth Social site, referring to the United States-Mexico-Canada Agreement trade pact.