Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Democrats project doom and gloom, not celebration, with...
Iran still wants a nuclear weapon despite ‘serious...
BTV Highlights: North American Iron, West Red Lake...
Tech 5: US Lifts EDA Restrictions for China,...
Xi Jinping’s surprise no-show at BRICS Summit fuels...
CoTec Holdings Corp. Announces Second Closing of Life...
Hempalta Secures 90-Day FCC Forbearance Extension as Company...
BTV Highlights: North American Iron, West Red Lake...
Crypto Market Recap: Crypto Rallies As “Big, Beautiful...
Quimbaya Gold Closes $4 Million Financing and Expands...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

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
‘She’s really this dumb’: House Dem ripped after calling Trump ‘enemy of the United States’
next post
Cizzle Brands Achieves Double-Digit Growth For All CWENCH Hydration SKUs Across Top North American Accounts

You may also like

Goldman Sachs rolls out an AI assistant for...

January 23, 2025

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

June 4, 2025

U.S. lawmakers move to ban China’s DeepSeek from...

February 7, 2025

Netflix says its ad tier now has 94...

May 16, 2025

Walmart hikes its outlook again as shoppers spend...

November 20, 2024

NBC ripped up its Olympics playbook for 2024...

September 4, 2024

Government workers dismayed by Trump’s return-to-office mandate

January 27, 2025

Amazon workers worldwide set to protest on Black...

November 28, 2024

Protesters stage sit-in outside New York Stock Exchange...

October 15, 2024

’60 Minutes’ producer leaves show, citing a loss...

April 23, 2025

Recent Posts

  • Democrats project doom and gloom, not celebration, with July 4 messages
  • Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns
  • BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold
  • Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri
  • Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Categories

    • Business (815)
    • Investing (2,464)
    • Politics (3,063)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 © 2024 Sightful Invest. All Rights Reserved.