Trump could scale back Canada, Mexico tariffs Wednesday, Lutnick says

KEY POINTS

• Donald Trump will “probably” announce a compromise with Canada and Mexico as early as Wednesday, which could scale back his new 25% tariffs on top U.S trading partners, Commerce Secretary Howard Lutnick said.
• The comments came after the U.S. stock market limped to a close for a second day of sharp declines.
• The Trump administration enacted sweeping tariffs on Canadian and Mexican imports after putting them on pause for a month.