In an interview in Fox News, Lutnick said he had spoken by phone with Mexicans and Canadians “all day.” “President Donald Trump) is listening (…) So I think you will find a solution with them. It will not be a pause, ”he added, implying that they will reach an intermediate point.
The tariffs entered into force this midnight, with taxes of 25 % to Mexico and Canada and folding at 20 % the goods that China exports to the North American country, so Washington considers that They are insufficient efforts of the three countries to reduce fentanyl traffic.
The secretary, who acknowledged that prices will rise with tariffs, said in the interview that he had been all day in conversations with his neighboring countries: “Both Mexicans and Canadians were on the phone With me all day trying to prove that they will do it better, ”he explained.
This measure caused a commercial response from China and Canada immediately: all imports from Mexico and Canada will now be taxed with 25 % tariffs except for purchases of Canadian hydrocarbons products, They will have a 10 %tax.
#BREAKING US commerce secretary says Trump could announce Canada, Mexico tariff compromise on Wednesday pic.twitter.com/GBXmthIeKi
— AFP News Agency (@AFP) March 4, 2025
Also read: What are tariffs, how they work and how they can impact their purchases