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
    341·
    2 days 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
      8·
      1 day 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.

    • Someonelol@lemmy.dbzer0.comEnglish
      8·
      1 day ago

      I’m sure repeatedly shocking the market with surprise tariffs will be good for the overall health of the economy… Right? Surely the market will bounce back every time tariffs are lifted?