Trump would soon reach a “solution” with Mexico and Canada on tariffs, says Chief of Commerce

The US president, Donald Trumpcould announce on Wednesday a commitment on tariffs imposed on Canada and Mexico, said its secretary of commerce Howard Lutnick on Tuesday.

“Both Mexicans and Canadians were talking with me all day, trying to show that things will do better. The president is attentive. As you know, it is very fair and very reasonable”Lutnick said in an interview with Fox Business.

“So I think you will find a solution with them; It will not be a pause, none of that, but I think you will understand: you do more and I will meet you at some intermediate point and we will probably announce it tomorrow“He added.

Lutnick He did not explicitly said what President Trump was evaluating after imposing a generalized tariff on all the products of Canada and Mexico that entered into force overnight. Lutnick He said that tariffs would probably be “at some intermediate point ” and what Trump “I would take some steps with Canadians and Mexicans, but not radically”

Lutnick He ruled out the idea that tariffs would be completely eliminated and indicated instead towards the commercial pact between the US, Mexico and Canada negotiated during Trump’s first mandate.

“If they are under these rules, then the president considers giving them relief“, said Lutnick. “If they have not been under these rules, then they have to pay the tariff”

The comments of Lutnick They were the first public signal since the tariffs were imposed that Trump could be doubting after the actions fell worldwide after the announcement of the administration of the largest set of new tariffs in almost a century. From New York to London and Tokyo, the actions sank, and the S&P 500 returned to the levels prior to the elections.

Trump He had previously delayed tariffs to Canada and Mexico for a month before allowing their application.

With information from AFP and Bloomberg