U.S. President Donald Trump may announce a deal with Canada and Mexico on Wednesday that sees the countries “meet in the middle” on tariffs, his commerce secretary said after the president launched a trade war Tuesday.
U.S. Commerce Secretary Howard Lutnick told Fox News Trump will “work something out with them” after imposing 25 per cent tariffs on Canadian and Mexican goods and 10 per cent levies on Canadian energy. Canada launched retaliatory tariffs shortly afterward, with Mexico promising to do the same.
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“Both the Mexicans and the Canadians were on the phone with me all day today trying to show that they’ll do better, and the president is listening because, you know, he’s very very fair and very reasonable,” Lutnick said. “So I think he’s gonna work something out with them.
“It’s not gonna be a pause. None of that pause stuff. But I think he’s gonna figure out, ‘You do more, and I’ll meet you in the middle someway,’ and we’re going to probably be announcing that tomorrow.
“So somewhere in the middle will probably be the outcome, the president moving with the Canadians and Mexicans, but not all the way,” he said.
More to come
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