Lutnick: Tariffs on nearly all products from Mexico and Canada will likely get delayed | CNN Business

CNN  — 

President Donald Trump on Thursday announced a nearly one-month tariff delay on all products from Mexico that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets, businesses and consumers.

Commerce Secretary Howard Lutnick also said Thursday that Trump will likely announce later in the day a one-month delay on all Canadian tariffs. But negotiations were ongoing and it remained unclear whether a deal would ultimately be accomplished, a senior Canadian government source told CNN.

“After speaking with President Claudia Sheinbaum

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

The Accidental Tech Boom — What AI’s Gaming Origins Can Teach Entrepreneurs About Business Breakthroughs

Opinions expressed by Entrepreneur contributors are their own. In business, the most transformative innovations often come from the most unexpected places. The...

‘We’re Not Effective’: Starbucks CEO Tells Corporate Employees to ‘Own Whether or Not This Place Grows’

After laying off 1,100 employees from its 16,000-person corporate workforce in late February, Starbucks CEO Brian Niccol wants the company's remaining workers to take...

3 Signs Your Startup Needs a CTO — But Not As a Full-Time Hire

Opinions expressed by Entrepreneur contributors are their own. Entrepreneurship is a series of tough choices, and leaders of young companies — startups...