During a U.S. Senate confirmation hearing, Howard Lutnick, President Trump's nominee for Commerce Secretary, stated that Canada and Mexico could avoid tariffs if they swiftly addressed border concerns. Lutnick also advised Trump to implement country-specific tariffs. Meanwhile, Canadian officials expressed hope for a resolution, while a Bank of Canada analysis warned of a potential recession and inflation due to trade war implications.
U.S. President Donald Trump’s nominee to run the Department of Commerce says Canada and Mexico can avoid tariffs if they take swift action on border issues.
In response, Canada’s Public Safety Minister , David McGuinty, expressed optimism: “I remain hopeful we’re going to be able to solve this. We’ve been doing it for 150 years together. I don’t see why we can’t do it now.”
TARIFFS TRADE WAR CANADA MEXICO US POLITICS
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