— Both Mexicans and Canadians have been talking to me on the telephone all day, trying to show that they can improve. The president listens to this, he is very, very fair and very reasonable," said Lutnick in an interview with Fox News. “So I think he will come up with something together — it will be no break — no breaks — but I think he will come up with: do more, and I will meet you halfway,” he added.
A possible refund on Trump's decision
Minister Lutnick announced that the simplification of duties is likely to be announced on Wednesday. He did not give details of the possible compromise, but suggested that customs duties may be avoided by products imported in accordance with the rules in force under the USMCA Agreement — a trade pact that replaced the NAFTA Treaty.
25% work on imports from Mexico and Canada — America’s 2 largest trading partners — entered into force on Tuesday. This was the largest tariff increase in almost a century, and economist forecasts predicted that They will increase food, petrol and car prices. On Tuesday, many Republicans in legislature expressed concerns about the effects of customs and retaliation, including for the automotive and agriculture industries. The Conservative “Wall Street Journal” called Trump's decision "the stupidest trade war in history".
Retaliation duties on US products were announced by Canada, though Trump warned that this retaliation would meet a corresponding increase in customs duties from the US.
