JUST IN: Tariff Deal With Canada And Mexico Already Imminent, Lutnick Says
Published 19 minutes ago
on March 4, 2025
By Chris Powell
A trade deal between the United States, Canada, and Mexico may be finalized as early as Wednesday, according to Commerce Secretary Howard Lutnick. Speaking on Fox News, Lutnick revealed that both Canadian and Mexican officials had been in discussions with the Trump administration throughout the day, seeking a resolution on tariffs imposed by President Donald Trump.
“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’s listening because you know he’s very, very fair and very reasonable,” Lutnick said on Fox Business.
“I think he’s going to work something out with them. It’s not going to be a pause, none of that pause stuff, but I think he’s going to figure out you do more and I’ll meet you in the middle some way.”
Lutnick indicated that while Trump is firm on holding America’s trading partners accountable, he is also willing to negotiate a fair outcome. “We’re going to probably be announcing that tomorrow,” Lutnick said, suggesting that a middle ground is being reached but without the administration backing down entirely.
The urgency behind the negotiations comes after President Trump escalated trade tensions on Tuesday, launching a new round of tariffs. The administration slapped 25% tariffs on Mexican and Canadian imports, while Canadian energy exports were given a slightly reduced 10% levy. Additionally, Trump doubled tariffs on Chinese imports from 10% to 20%.
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