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US hints that tariffs on Mexico and Canada could be lower than 25%

Commerce secretary Howard Lutnick says levies will take effect on Tuesday but Trump is still deciding rates

President Donald Trump will impose tariffs on Mexico and Canada on Tuesday but is still deciding on the levels, commerce secretary Howard Lutnick has said.

Mexico and Canada have done “a lot” to address Trump’s concerns about border crossings but not enough to address his worries about “fentanyl deaths in America”, Lutnick said on Fox’s Sunday Morning Futures show.

Lutnick said Trump was thinking about “how exactly he wants to play it with Mexico and Canada, and that is a fluid situation”.

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