Commerce Secretary Lutnick announced that the majority of tariffs on Canada and Mexico are likely to be postponed by one month. This delay aims to facilitate ongoing trade discussions and mitigate potential economic impact on both nations.
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In light of recent statements by Lutnick, speculation is mounting around a potential tariff deal between Canada and Mexico. Market analysts will keenly monitor financial markets for reactions, particularly in sectors heavily reliant on cross-border trade.
In a recent commentary, CNBC’s Lutnick suggested that President Trump may announce a reduction of tariffs on Canada and Mexico as early as Wednesday. This potential shift could reshape trade relations and impact key industries in both nations.