U.S. Commerce Secretary Howard Lutnick says he expects there will be a one-month tariff reprieve for all products compliant with the United States-Mexico-Canada Agreement (USMCA).
“It’s likely that [the reprieve] will cover all USMCA compliant goods and services, so that which is part of President Trump’s deal with Canada and Mexico are likely to get an exemption from these tariffs now,” Lutnick said during an interview with CNBC aired March 6.