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

[LiberalArkie]

Source: CNBC

MAR 4 20255:18 PM EST

President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday.

The potential agreements would likely involve scaling back at least part of Trump’s brand new 25% tariffs on imports from Mexico and Canada, he added.

Lutnick’s comments came minutes after the U.S. stock market limped to a close for a second day of sharp declines, spurred at least in part by investors’ fears that Trump’s aggressive policies will ignite a crippling trade war.

After his remarks, U.S. stock futures tied to all three major averages rose.


Read more: https://www.cnbc.com/2025/03/04/trump-tariff-compromise-canada-mexico-commerce-lutnick.html

[Jarqui]

1. Why change after the fact? Why put people through this? ..nt

[LiberalArkie]

3. He is totally surrounded by YES MEN. Never a dissenting word said.

Last edited Wed Mar 5, 2025, 08:55 AM - Edit history (1)

Someone says Lets Annex Canada. Everyone hollers Yea, great idea.. No one ever asks a person not in the yes man group.

These situations are more than likely wrong rather than correct.

They have never heard of the Tenth Man rule..

The Tenth Man Rule suggests that if nine people in a group of ten agree on an issue, the tenth member must take a contrarian viewpoint and assume the other nine are wrong. This tactic is used to prevent group think and encourage critical thinking.

I had to correct a word in subject line... Got to love autocorrect and my stupidity to not check it

[Bernardo de La Paz]

30. I'm getting vibes from Lutnick that they are trying to counsel him but not having much success

Nothing really to base it on, just a feeling. And there was Rubio trying to disappear between the cushions on the couch in the Oval Office the other day. He knows the score but has sold out.

So many corrupt enablers thinking they can control him.

[Ray Bruns]

38. "And there was Rubio trying to disappear between the cushions on the couch"

Homer Simpson did it better.

[BrianTheEVGuy]

12. He is transactional

Trump is all about short term transactions and not long term strategy. Now that the transactions have failed due to massive stock market losses, his donors are demanding a new transaction and he will comply.

[erodriguez]

14. It's a scam so his buddies can make a killing in the market.

[Wifes husband]

34. Of course it is

They are manipulating the market.

All of this tariff business is about playing the market.

All republicans care about is money. That's it

[IrishAfricanAmerican]

35. Exactly!

[kwolf68]

2. What is he doing

He's scaling back firings, now he's scaling back this? This is bizarre.

[yorkster]

5. He's like the scary dad with kids so grateful

when he's not mad. We're all walking on goddam eggshells waiting for the next explosion...

[forgotmylogin]

20. President "learn on the job"

[LetMyPeopleVote]

4. Lutnick: US could announce trade deal Wednesday with Mexico and Canada after imposing tariffs

There is too much blowback/bad press on trump's extremely stupid tariff plan. trump has to back down yet again because tariffs are stupid.

Link to tweet

https://www.cnn.com/2025/03/04/business/us-tariffs-trade-deal-mexico-canada

US Commerce Secretary Howard Lutnick said that President Donald Trump could announce a trade deal with Mexico and Canada as soon as tomorrow, just one day after the US imposed punishing tariffs on the two nations and sparked retaliatory levies.

“I think he’s going to work something out with them,” Lutnick said on Fox Business. “It’s not going to be a pause, none of that pause stuff, but I think he’s going to figure out, you do more, and I’ll meet you in the middle some way, and we’re going to probably be announcing that tomorrow.”

Trump’s policies have added uncertainty for the world’s biggest economy. The whipsaw application of tariffs and signs that perhaps that policy could change, all within a 24-hour span, have complicated decisions for businesses and increased pressure on an economy already showing signs of strain......

Lutnick said he had spoken with both Canadian and Mexican representatives about trade among the three countries.

A Canadian government source confirmed to CNN that Canadian Finance Minister Dominic LeBlanc spoke with the US commerce secretary on Tuesday.

The 25% tariffs come after Trump also imposed an additional 10% tariff on Chinese goods, raising that country’s rate to 20%.

[Bernardo de La Paz]

31. tRump contradicted Lutnick, who said similarly vague things Monday hinting tariffs might not happen.

On Tuesday after Canada announced retaliatory tariffs, tRump fired off a {un}Truth Social post reminding he had promised retaliatory tariffs against retaliatory tariffs. Doubling down.

[lonely bird]

41. We have a trade deal

The dumb SOB “negotiated” a trade that he claimed was great. It wasn’t but there was a deal.

The tariffs will be removed and the liar will claim victory. Of course prices will probably not go down.

[tanyev]

6. Oh, good grief. He has to go through his favorite mob shakedown routine,

and then pull back a bit and go on a self-congratulatory victory tour?

[kacekwl]

7. The mans fucking nutz.

What kind of sick game is this?

[C_U_L8R]

8. Wall Sreet gave him a word

Stop fucking up our markets.

[slightlv]

18. Stability and certainty are what investors (and markets)

thrive on. Take them away, and investors won't invest... if it's too uncertain there's no way to make an educated gamble.

[delisen]

9. Lutnik is a disgrace with his weasel words, covering for Trump's world class tariff failure

The fake reality show must end. People’s lives are being destroyed. We know that these events cause violence within families and communities, as well as suicides.

Instead of concerning himself with these Americans, Lutnik is falsely suggesting that the rollback means Trump has succeeded. He expects us to act as though this is believable.

We cannot participate in saving face for Trump. It is time for the Leopard to feast on the face of the imaginary Leader.

We have watched the high and the mighty privileged and once respected fall for years now. The only path forward is Democracy.

[Lovie777]

10. Dr Jekyll Mr Hyde....

seesaw, flip flop, psychopath, greedy, steals and cheat, lies, making up shit, hates the USA, loves dictators, hates democracy, et al,

shithole needs to be impeached alongside with his full administration.

[jgmiller]

11. As painful as it is watch some of the episodes of the Apprentice

Everyone thought it was an act, it's not this is how he does business. I watched some of them years ago when they were new and he would be all over the place telling them to do something then stop and do something else or change his mind.

The trouble is all of these idiots that work for him think that running the government is the same as running a company. The other thing is his companies aren't that big at the executive level,, sure his hotels and golf course have lots of workers but his sudden shifts never make it down that far so nothing really breaks. It's a totally different story with the government.

[Cheezoholic]

13. The markets cant keep responding every time this toddler whine's. The lack of stability will implode them eventually n/t

[MacKasey]

15. This is all for show

He wanted to have something to say for the State of the Union about his tariffs.

[Scrivener7]

16. He's saying, "Look over there." So what is this to distract from?

[wolfie001]

24. Hopefully not destroying Social Security and Medicare

But with this sick f6ck, anything's possible.

[OldBaldy1701E]

36. Removing any aspect of the social safety net is part of it.

Then, people have to work until they drop to make these assholes richer. Then, the healthcare industry has no obligation to do anything that will not bring in income. Not to mention the fact that they can remove your retirement at any time since they have control over it all, thanks to the sellouts that own most of our big businesses.

They plan to dismantle everything to impose the new oligarchy. And, we are letting them because we want to preserve 'decorum'.

[Buddyzbuddy]

17. Yes the markets rose to still close at a

LOSS you loser motherf.cker. Everything he touches turns to sh.t. Casinos, an envied Country, a thriving successful economy.
Oh yeah, a great mind, he knows better than everybody. He is the greatest, LOSER OF ALL TIME.

[defacto7]

19. He really does sound like Caligula

who, claiming to be a god, marched thousands of troops, himself in tow, to the ocean to conquer Neptune and Britain. When they arrived and he saw the ocean was wet, he claimed victory and told his troops to collect all the seashells on the shore and carry them back to Rome as spoils of his glorious conquest.

What a Caligulump.

[FakeNoose]

21. And he'll never EVER admit he made a mistake

... on anything! It has all been mistakes since Day One, but he'll never admit any of them.

[Denvermosaic]

22. The tangerine mfer will blink first

[mdbl]

23. Whatsa matter dipshit Don? Afraid of a little stock market crash?

You didn't give a shit yesterday.

[MissouriDem47]

25. Too bad there isn't a grown-up in the White House.

Every day just more nonsense. He does love attention doesn't he?

[JohnSJ]

26. F**K Lutnick and the rest of the thugs that make up this perverted decadent administration who have done nothing but

spread hate and division while tearing our country apart.

[CentralMass]

27. I think that the damage has been done. Canada is pissed off.

No matter what happen I think they are going to expand trading opportunities with Europe and China.

[Bernardo de La Paz]

32. Yup. . . . nt

[kkmarie]

40. I hope Canada does expand

How in the world could they possibly trust Krasnov? How many times a year will Krasnov put on tariffs and then take them off? Of course all the dips in the stock market make the rich richer and sucks money from working people's 401ks and IRAs. That could be the fun game Krasnov and Space Nazi are playing

[travelingthrulife]

42. Yeah. His belligerence has made us a pariah.

A little over two months! He has certainly solidified his position as worst President we have ever had.

[turbinetree]

28. He is after all a convicted fraudster............

and he was in the joint chamber spewing his rancid shit and not once mentioning that he would not go after Social Security..............that should tell every seniors out there and those that are disabled on what he wants to do.................they want OUR money...................

[fujiyamasan]

29. Market manipulation

The volatility serves a purpose.

Tank the market, fuck over ordinary retail investors who are more prone to panic selling and allow the major players who always have extra cash on the sidelines to buy them back at lower prices.

[lapfog_1]

33. don't forget the tipped off short sellers.

who made a bundle on Monday and Tuesday.

Just like the short sellers of airline stocks just before 9/11.

[Yo_Mama_Been_Loggin]

44. I was wondering the same thing

[Deminpenn]

37. Despite the money Musk gave him, plenty still came from the

well-heeled investor class and big business.

Trump pulled back the tariffs the first time because the market started to tank. That's why I expect him to announce some "agreement" that will let him save face and claim he "won".

[DetlefK]

39. Mexico and Canada should keep their punitive measures in place.

Mexico and Canda should announce that the countermeasures to the tariffs stay in place until THEY are convinced that Trump has backed away from tariffs.

[4catsmom]

43. The little narcissist who cries wolf

I guess Mexico, Canada and China can expect monthly tariff threats now.