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.
  • tal@lemmy.today
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    2 days ago

    He wants to be associated in the media with tariffs, since it’s something that his core supporters and people in swing states want.

    In the past, he’s gone out of his way to very noisily associate himself with tariffs, without actually imposing a whole lot by way of tariffs.

    I have an earlier comment giving good odds that Trump likely either wouldn’t impose tariffs or wouldn’t impose them for long – he’d do so long enough to make sure that people saw news coverage associating him with the things. I doubt that Truth Social and other media that favor him, like Breitbart, are going to make much noise about him ending the tariffs.

    • Avid Amoeba@lemmy.ca
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      2 days ago

      This kinda makes sense, but people also see the market ticker on the bottom of the same TV screen.