Story perspectives
Lutnick Blocks Tariff Cuts, Stalling U.S.-Mexico Trade Deal
By Drooid · · How we work
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Story summary
- U.S. Commerce Secretary Howard Lutnick opposes cutting the 25% auto tariff, stalling the trade deal.
- Lutnick also rejects reducing the 50% tariffs on steel and aluminum, including finished products.
- The United States and Mexico were near an agreement to lower tariffs on steel, aluminum and automobiles.
- Mexico deputy trade minister Luis Rosendo Gutierrez says negotiations remain in progress.
- U.S. Commerce Department spokesperson says the agency maintains dialogue with Mexico.
