Reported about 9 hours ago
Commerce Secretary Howard Lutnick announced that President Trump is likely to delay tariffs on products from Mexico and Canada covered by the USMCA for one month, pending progress in combating fentanyl trafficking. This announcement comes after markets reacted negatively to previous plans for tariffs, creating uncertainty that has impacted hiring, consumer confidence, and investment strategies. The delay is seen as a significant shift in the administration's trade policy as it navigates the economic implications of tariffs.
Source: YAHOO