Stock futures climbed Monday as investors tried to decipher what President Donald Trump 's final tariff plan will look like. Duties of up to 25% on imports from Mexico and Canada are set to take effect Tuesday – though Commerce Secretary Howard Lutnick suggested that the administration could reduce the rate.
Howard Lutnick implied the U.S. will seek more access to Canada’s dairy market when USMCA comes up for review next year.
Trump said the tariffs against Mexico and Canada are expected to go into effect on April 2, after a monthlong pause. But then Commerce Secretary Howard Lutnick said another pause is possible based on fentanyl prevention and progress on the border.
Futures for the Dow Jones Industrial Average gained 47 points. S&P 500 futures ticked up 0.2% and Nasdaq 100 futures gained 0.25%. Commerce Secretary Howard Lutnick said Sunday on Fox News that the exact tariff that will be levied against Mexico and Canada starting Tuesday is still "fluid,
President Donald Trump will impose tariffs on Mexico and Canada on Tuesday but is still deciding on the levels, commerce secretary Howard Lutnick has said. Mexico and Canada have done “a lot” to address Trump’s concerns about border crossings but not enough to address his worries about “fentanyl deaths in America”,
OTTAWA--U.S. Commerce Secretary Howard Lutnick has warned that Canada's national sales tax will be subject to retaliation, adding to the list of tariffs the Trump administration is seeking to impose on its northern neighbor and major trading partner.
President Donald Trump’s delayed tariffs on Canada and Mexico will go into effect on Tuesday, according to Treasury Secretary Scott Bessent.
U.S. Commerce Secretary Howard Lutnick stated that President Trump is considering tariffs on Canadian and Mexican goods. With a decision due, there's praise for improved border security but calls for more action against fentanyl trafficking.
US Commerce Secretary Howard Lutnick said the Donald Trump administration's proposed tariffs on Canada and Mexico will take effect from Tuesday, March 4. Highlighting that the two neighbouring countries have done a "reasonable job" to secure its borders with the US,
US Commerce Secretary Howard Lutnick has indicated that tariffs on Canada and Mexico will be imposed from Tuesday as planned, but that their rate could be lowered.