Trump mulls exemptions for carmakers from Mexico and Canada tariffs
www.bbc.com
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.

  • torrentialgrain@lemm.eeEnglish
    51·
    2 days ago

    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.