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Canada, Mexico can avoid tariffs if they act swiftly: Trump's commerce pick

Business Standard LogoBusiness Standard1d ago

Canada, Mexico can avoid tariffs if they act swiftly: Trump's commerce pick - Business Standard

Quick Summary:

Lutnick said Trump's Saturday deadline for imposing 25 per cent tariffs on goods from Canada and Mexico was meant to pressure the two countries to stop the flow of fentanyl into the US.

They've taken our IP," Lutnick said of China."It's got to end, and I'm going to be rigorous in our pursuit of restrictions and enforcing those restrictions to keep us in the lead, because we must stay in the lead.

Lutnick said that former president Joe Biden's legislation to provide $52.7 billion in subsidies for American semiconductor production, research and workforce development is "an excellent downpayment" to rebuild the sector in the US, but needs to be reviewed.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 09:52:47 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 977 words

Reading Time: 6 minutes read

Sentences: 27 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25618237

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 296 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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