Commerce Secretary Howard Lutnick has announced that a decision regarding the newly imposed 25% tariffs on imports from Canada and Mexico is expected later today. There is a possibility of a compromise that may allow exemptions for certain products, indicating a more nuanced outcome rather than a strict all-or-nothing approach.

President Trump has not shown any intention to reverse the tariffs on Canadian and Mexican goods, nor the additional 10% tax on Chinese imports that took effect on Tuesday. This situation has already had an impact on financial markets, with U.S. stocks showing little change early Wednesday.

In a recent Congressional speech, Trump acknowledged the potential for increased consumer prices due to these tariffs. He stated, “There will be little disturbance,” and expressed confidence in the economic outlook.

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