An annual meeting at the White House scheduled for Friday between Canadian and U.S. mayors will still take place — but without Canadian representation.
Investors and business leaders are looking for any signs that political leaders will walk back recent tariff hikes.
Donald Trump is giving some relief from the 25 percent tariffs imposed on Mexico and Canada for the auto industry, agreeing to a one-month exemption for the sector. Commerce Secretary Howard Lutnick teased the exemption in interviews on Wednesday.
President Trump is granting automakers a one-month exemption from tariffs he imposed on Mexico and Canada, the White House said Wednesday. "The president is happy to do it," White House Press Secretary Karoline Leavitt said.
President Trump and his top advisers appear to be singing a different tune as they march to their latest trade war. It goes like this: markets-are-made-for-America, not America-for-markets. Trump and several cabinet members said as much,
The president knows his plans,” a White House official said, while Donald Trump presses ahead with tariffs that economists warn will push prices higher.
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