US commerce secretary Howard Lutnick has indicated that some sectors may be “left out” of tariffs imposed on Canada and Mexico, sending shares in carmakers higher.
Lutnick said US President Donald Trump was considering which sectors could potentially be given some relief from the 25 per cent tariffs, which took effect on Tuesday.
“What he is thinking about is which sections of the market that can maybe — maybe he’ll consider giving them relief,” he said.
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