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.
  • jj4211@lemmy.world
    4·
    1 day ago

    The target audience for this doesn’t care about the markets. They imagine tatriffs will scare the companies into giving the lower class more jobs with decent pay, and they don’t have stock or even big 401ks.

    They should notice a complete lack of improved pay over the long term though.