Peter Hoskins Business reporter, BBC News US Commerce Secretary Howard Lutnick has said President Donald Trump will “probably” announce a deal to reduce tariffs on Canada and Mexico on Wednesday. “Both the Canadians and Mexicans were on the phone with me all day today trying to show that they’ll do better” on reducing the flow of fentanyl into the US, Lutnick said in an interview with Fox Business Network. But Canada’s Minister of Foreign Affairs Mélanie Joly told the BBC’s Newsnight that her office had not been contacted about the plan. Canada and Mexico announced retaliatory import levies on the US after Washington’s 25% tariffs on its two neighbours came into effect on Tuesday. Lutnick made clear that he expected the US tariffs to be lowered rather than paused. “I
Tag Archives: EconomicPolicy
![Brazil's President Luiz Inacio Lula da Silva poses for a photo after his first cabinet meeting of 2025, at the Granja do Torto country residence in Brasilia, Brazil, on January 20 [Eraldo Peres/AP Photo]](https://esbecgroup.com/wp-content/uploads/2025/01/Brazils-Lula-says-any-US-tariffs-would-be-reciprocated.jpg)
The Brazilian leader says he is looking for a relationship based on mutual respect after Trump threatens tariffs. Brazilian President Luiz Inacio Lula da Silva has said that, if the United States imposes tariffs on his country, he will respond in kind. Speaking at a news conference in the capital Brasilia, on Thursday, Lula said his country seeks a relationship based on mutual respect. His comments came in response to US President Donald Trump’s threat of heightened tariffs. “It is very simple: If he taxes Brazilian products, there will be reciprocity,” Lula told reporters. “Trump was elected to run the US, and I was elected to run Brazil. I will respect the US and want Trump to respect Brazil. That’s all.” The comments are the latest signal that Trump’s efforts