The Secretary of Trade, Lutnick, says most of the rates in Canada, Mexic

The US Secretary of Commerce, Howard Lutnick, said on a television interview on Thursday, according to which President Donald Trump will “suspend” 25% rates for Canada and Mexico for most products and services for a month, widening an exemption that was granted …

Washington – The US Secretary of Trade, Howard Lutnick 25% rates on Canada and Mexico For most products and services for one month, the broadening of an exemption that was only granted on Wednesday.

In an interview on CNBC, Lutnick said that the one-month delay in import taxes “will probably cover all the goods and services that respect USMCA”, referring to the commercial agreement that Trump has negotiated in his last mandate that replaced NAFTA. Lutnick has estimated that more than half of what American imports in these two countries would be eligible for exemption.

Lutnick said the kidnapping will only take until April 2, when the Trump Administration plans to impose mutual ratesin which the US will impose import taxes in other countries to match those they have on American exports.

However, he also said that if the two countries do not make sufficient progress limiting the shipment of fentanil to the United States, 25% could be re-applied in a month.

“We hope that we will announce this today-USMCA compliant will not have a fare for the next month until April 2,” Lutnick said.

Lutnick’s comments come while threats of tariffs again, again, again fulfilled financial markets, reduced consumers’ confidence and enveloped many companies uncertain atmosphere This could delay employment and investments.

American markets jumped from their values ​​for their day, shortly after Lutnick spoke.

Lutnick added that Trump is expected to talk to Mexico President Claudia Sheinbaum later and could make an announcement afterwards.