" First there were the Trump Tariffs... then the Retaliation. Then as Europe closed, chatter about a possible Ukraine minerals deal started to gain momentum lifting stocks to the highs.
"Both the Mexicans and the Canadians were on the phone with me all day today trying to show that they’ll do better, and the president’s listening, because you know he’s very, very fair and very reasonable,” Lutnick said.
“So I think he’s going to work something out with them — it’s not going to be a pause, none of that pause stuff, but I think he’s going to figure out: you do more and I’ll meet you in the middle some way and we’re going to probably announcing that tomorrow.”
Lutnick discounted the notion that the tariffs would be fully rolled back, pointing instead to the US-Mexico-Canada trade pact negotiated during Trump’s first term.
“If you live under those rules, then the president is considering giving you relief,” Lutnick said.
“If you haven’t lived under those rules, well, then you have to pay the tariff.”
,,,and lifted US equity futures higher after the close..."
ZeroHedge
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