Commerce Secretary Howard Lutnick said President Trump’s tariffs are “worth it” – even if they trigger a recession. Economists have warned that the president’s stiff tariffs on Canada and Mexico, which are on a 30-day pause;

President Trump has ordered global tariffs on imports of steel and aluminum of 25%. After some jockeying, which included threats by the Ontario premier to levy a 25% surcharge on electricity delivered to bordering states in the United States, the premier and Commerce Secretary Lutnick agreed to further discussions on revisions to the USMCA.