Tags: lutnick | tariff | reprieve | month | usmc

Lutnick: One-Month Tariff Reprieve Likely for USMC-Compliant Goods

Lutnick: One-Month Tariff Reprieve Likely for USMC-Compliant Goods
Commerce Secretary Howard Lutnick arrives before President Donald Trump addresses a joint session of Congress in the House chamber at the U.S. Capitol in Washington, March 4, 2025. (Julia Demaree Nikhinson/AP)

Thursday, 06 March 2025 10:49 AM EST

U.S. Commerce Secretary Howard Lutnick said Thursday in a television interview that President Donald Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos.

In an interview on CNBC, Lutnick said the one-month delay in the import taxes “will likely cover all USMCA-compliant goods and services,” referring to the trade agreement Trump negotiated in his last term that replaced NAFTA.

Lutnick estimated that more than half of what the U.S. imports from those two countries would be eligible for the exemption.

For companies with products that comply with the trade agreement, “you will get a reprieve from the tariffs now,” he said.

Lutnick added that Trump is expected to speak with Mexico’s president Claudia Sheinbaum later Thursday and could make an announcement afterwards.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


StreetTalk
U.S. Commerce Secretary Howard Lutnick Thursday said the one-month reprieve on hefty tariffs on goods imported from Mexico and Canada that has been granted to automotive products is likely to be extended to all products that comply with the U.S.-Mexico-Canada Agreement on...
lutnick, tariff, reprieve, month, usmc
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2025-49-06
Thursday, 06 March 2025 10:49 AM
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