US Commerce Secretary Howard Lutnick says Donald Trump is considering a deal that would offer exemptions from tariffs on Canada and Mexico.
Summary
U.S. Commerce Secretary Howard Lutnick said Trump will "probably" announce a tariff reduction deal with Canada and Mexico, tying it to their efforts to curb fentanyl trafficking.
However, Canada’s Foreign Minister Mélanie Joly denied any discussions, stating her office hadn’t been contacted about the plan.
Canada and Mexico imposed retaliatory tariffs after the U.S. enacted 25% levies.
Prime Minister Trudeau condemned Trump’s tariffs as "very dumb" and accused him of attempting to "collapse the Canadian economy" to enable annexation, vowing, "We will never be the 51st state.
This is literally the opposite of a pump and dump scheme. Trump is intentionally tanking the market to enrich himself and his group of oligarch cronies that sold at the highest point and will buy back into the market before he announces the tariffs gone.
Insider trading while manipulating the market as a whole. Open corruption at the highest level.
Don't meet in the middle.
His middle is never in the middle of both sides.
He didn't like NAFTA, he cancelled it and force Canada and Mexico to accept a better deal for him by putting tariffs.
Even his deal is not good enough, so he put tariffs again.
If you meet him in the middle, he'll take more.
We have to make sure that everyone feels the maximum pain whenever he uses tariffs to force his will so he'll learn that it's not a good idea to bully other countries.
Trump never sticks to his words so the concept of a middle doesn't exist when he will go back on whatever he says over and over and over. Wish countries would just unite to sanction the US and isolate it.