KEY POINTS

  • Donald Trump will “probably” announce a compromise with Canada and Mexico as early as Wednesday, which could scale back his new 25% tariffs on top U.S trading partners, Commerce Secretary Howard Lutnick said.
  • The comments came after the U.S. stock market limped to a close for a second day of sharp declines.
  • The Trump administration enacted sweeping tariffs on Canadian and Mexican imports after putting them on pause for a month.
  • NotLemming@lemm.ee
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    4 days ago

    They’re waiting to see what the fallout looks like, and trying to get better terms, or whatever they’re strong arming Canada and Mexico to get. I hope Canada and Mexico divest from us trade entirely and do not reward this behaviour at all or it will get worse.

  • Randomgal@lemmy.ca
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    5 days ago

    I don’t think he realizes you can pull the nail out but that doesn’t erase the hole you made.

  • Podunk@lemmy.world
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    5 days ago

    Surely short term stock acquisitions are not really what is happening right now, right?

    This (relatively) small fry market manipulation is 100% elons M.O. it’s how hes done business when not fleecing the fed for cash. Its why he was forced to buy twitter for fucks sake. but they arent really taking the short term discount acquisitions over the long term, are they?

    If they are… Its… just so stupid. If it is something else, let me know.

    • Someonelol@lemmy.dbzer0.com
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      5 days ago

      I’m sure repeatedly shocking the market with surprise tariffs will be good for the overall health of the economy… Right? Surely the market will bounce back every time tariffs are lifted?

  • BlameThePeacock@lemmy.ca
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    5 days ago

    Compromise on what? You haven’t even told us what they’re really for you dumb shit.

    It’s clearly not a compromise on the fentanyl situation, and you haven’t talked about anything else that we’ve changed.

    Are you just compromising on your own?