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.
  • Someonelol@lemmy.dbzer0.comEnglish
    8·
    1 day ago

    I’m sure repeatedly shocking the market with surprise tariffs will be good for the overall health of the economy… Right? Surely the market will bounce back every time tariffs are lifted?