The Trump administration could announce a pathway for tariff relief on Mexican and Canadian goods covered by North America’s free trade agreement as soon as tomorrow, Commerce Secretary Howard Lutnick said Tuesday.
Ontario Chamber of Commerce President and CEO Daniel Tisch says the U.S-Canada trade war is going to 'lower the standard of living for every Canadian.'
Lutnick did not explicitly say what actions President Donald Trump was considering after imposing an across-the-board tariff on all goods from Canada and Mexico that went into effect overnight, tied to the flow of fentanyl and migrants into the US. Lutnick said that the tariffs would likely land “somewhere in the middle,” with Trump “moving with the Canadians and Mexicans, but not all the way.”
Trump earlier Tuesday gave little indication he was willing to consider exemptions for certain Mexican and Canadian imports. He said moves by Prime Minister Justin Trudeau to retaliate with countermeasures would cause US reciprocal tariffs to “increase by a like amount,” derisively referring to the Canadian leader as “governor.”
Democrats and Republicans on Capitol Hill, including some reliable Trump allies, urged the president to reconsider his plan, saying the charges could drive up costs for American consumers and hurt key sectors like agriculture and automobiles. Canada and Mexico both announced plans to slap retaliatory tariffs on US imports.
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