· 4d · on MSN
US commerce secretary says the tariffs on Canada are just getting started
· 4d · on MSN
Trump tariffs part of ‘drug war,’ not ‘trade war’: Commerce secretary
All goods will likely be exempt from Canada, Mexico tariffs for a month, Commerce Secretary Howard Lutnick says
Commerce Secretary Howard Lutnick indicated that President Donald Trump is expected to delay imposing 25% tariffs on Canada and Mexico for all goods and services covered under the USMCA trade
The U.S. Commerce Secretary said President Donald Trump is "open-minded" about meeting Canada and Mexico "in the middle".
Trump has cast Canada as a major importer of the synthetic opioid to the US. But the seizures at the northern border represent a tiny portion of the trafficking trade.
A self-styled Wall Street tough guy, Lutnik served as head of brokerage and investment bank Cantor Fitzgerald before being selected by Trump to take charge of everything from imposing trade restrictions to monitoring the weather.
Lutnick's analysis comes weeks after China filed a lawsuit against the U.S. with the World Trade Organization over its 10% tariff. It issued its own 10% tariff.
U.S. President Donald Trump and commerce secretary Howard Lutnick are "totally fabricating" the fentanyl issue as a means of justifying tariffs, says Scotiabank economist Derek Holt. (Photo by Nathan Howard/REUTERS) · REUTERS / Reuters The U.
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