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International Business Times
International Business Times
Business

US Signals Possible Exemptions In Canada, Mexico Tariffs

Howard Lutnick Donald Trump Mexico United States Canada Commerce Claudia Sheinbaum
US Commerce Secretary Howard Lutnick expects an announcement on Canada, Mexico tariffs Wednesday afternoon (Credit: AFP)

US Commerce Secretary Howard Lutnick said an announcement on Canada and Mexico tariffs was expected later Wednesday, signaling potential relief for specific sectors such as automobiles, a day after the steep levies took effect.

President Donald Trump's sharp 25 percent tariffs on US imports from Canada and Mexico -- with a lower rate for Canadian energy -- kicked in Tuesday, sending global markets tumbling and straining ties between the neighbors.

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