The stock market dropped sharply in recent days as investors worried about the effects of President Donald Trump’s new tariffs on Canada and Mexico.
President Donald Trump said Friday that he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration.
Commerce Secretary Howard Lutnick hinted at a compromise and a scaling back of the 25% tariffs imposed by Washington on Canada and Mexico on Tuesday.
Commerce Secretary Howard Lutnick said Trump was looking at an existing trade deal as a way to meet Canada and Mexico "in the middle some way."
Commerce and Industry Minister Piyush Goyal has returned from Washington after engaging in trade discussions with US officials. The dialogue included talks with USTR Jamieson Greer and Commerce Secretary Howard Lutnick,