U.S. Commerce Secretary Howard Lutnick expects tariffs will be imposed on Canada and Mexico on Tuesday, with Trump determining the specifics. Proposed tariffs include significant duties on these countries and additional measures on Chinese imports. Treasury Secretary Scott Bessent announced plans for an ‘affordability czar’ to help mitigate inflationary effects on consumers.
Commerce Secretary Howard Lutnick announced on Sunday that the U.S. is poised to impose tariffs on Canada and Mexico on Tuesday, with the final decision resting with President Donald Trump. These tariffs are anticipated to directly impact the economies of these nations, particularly affecting a range of goods in the American market.
In summary, the anticipated tariffs on Canada and Mexico are expected to escalate prices for American consumers. The Treasury has announced the introduction of an ‘affordability czar’ to help manage inflationary impacts. As tariffs and regulatory changes unfold, the effects on working-class Americans will be closely monitored.
Original Source: www.cnn.com
