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

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

^{Published on 2025-03-04 21:00:50 - CNN}

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.

The article from CNN, published on March 4, 2025, discusses the United States' ongoing negotiations and adjustments to trade tariffs with Mexico and Canada under the USMCA (United States-Mexico-Canada Agreement). The U.S. is considering new tariffs on specific imports from these countries to address trade imbalances and protect domestic industries, particularly in sectors like automotive, agriculture, and dairy. The negotiations aim to refine the trade deal to better favor American businesses while ensuring that trade remains fair and beneficial for all parties involved. Key points include potential increases in tariffs on Canadian dairy products and Mexican automotive parts, alongside discussions on labor standards and environmental regulations to ensure compliance with the agreement's stipulations. The talks are part of a broader strategy to strengthen North American trade relations while addressing criticisms from various stakeholders about the initial terms of the USMCA.

Read the Full CNN Article at:
[ https://edition.cnn.com/2025/03/04/business/us-tariffs-trade-deal-mexico-canada/index.html ]

Contributing Sources

CNN

N@N

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