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.
  • Podunk@lemmy.world
    20·
    1 month ago

    Surely short term stock acquisitions are not really what is happening right now, right?

    This (relatively) small fry market manipulation is 100% elons M.O. it’s how hes done business when not fleecing the fed for cash. Its why he was forced to buy twitter for fucks sake. but they arent really taking the short term discount acquisitions over the long term, are they?

    If they are… Its… just so stupid. If it is something else, let me know.

    • hansolo@lemm.eeEnglish
      5·
      1 month ago

      What absolute idiot thinks you can run a crypto pump and dump scheme on the entire US econom-…oh

      Yep, you’re right. And he totally got T’s buy in by letting him get a taste for his T coin scam.

    • dan1101@lemm.ee
      5·
      1 month ago

      Yeah nobody can plan anything like this. Anytime there are retaliatory tariffs they should be for a set number of months until any renegotiation. He’s trying to flim flam governments like he flim flams his voters.

    • The_v@lemmy.world
      3·
      1 month ago

      Double them up wait a month for the U.S. stock and commodity markets to absolutely crater.

      • Podunk@lemmy.world
        31·
        1 month ago

        Canada and mexico will absolutely crater first if pushed. Canada can maybe afford it short term and make trump blink first. They have a better position. Sheinbaum, for all the credit ill give her for not being a complete stooge like a good portion of the world expected, is in a much tighter predicament. I want her to go toe to toe. She has showed she isnt a puppet. But i dont think she can afford to hold out as long as necessary. Politically or economically.

  • mesa@lemmy.worldEnglish
    5·
    1 month ago

    Probably option calls. Easy when you know you our going to tank things.

    Then buy up next day. Make billions.

  • inclementimmigrant@lemmy.world
    4·
    1 month ago

    Stupid rapist can’t even have a cohesive strategy and is going to screw over the economy for no gain.

    Pretty par for course for Republicans I suppose.