Washington seems to be delaying today on the issue of customs duties imposed by Donald Trump on Canadian and Mexican products, leaving open the possibility of some exceptions the following day after their implementation. “The president is the one who decides, but we expect that some areas” will eventually be excluded from the duties, said US Minister of Commerce Howard Latnik on Bloomberg TV, stating that a statement is expected to be issued later today. “It may be the automotive industry or other things,” Latnik continued, who stressed yesterday that a compromise is possible with Mexico and Ottawa. After being postponed for a month, the duties against Canada and Mexico, 25% of all products other than Canadian hydrocarbons taxed at 10%, came into force yesterday morning, causing panic on international stock markets. Ottawa soon announced countermeasures to a number of US products and assured that the list would expand over time, while Mexico does not […]
Source: News Beast
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