Markets rallied after Trump's commerce secretary said a tariff deal may be around the corner
Posted: Mar 05, 2025
- US stock futures rose after Trump's commerce secretary hinted at tariff compromises with Canada and Mexico
- Trump reimposed 25% tariffs on imports from Canada and Mexico after pausing it for a month
- Markets closed lower for a second consecutive day with Nasdaq and S&P 500 seeing significant declines
- Talks with Canada may reduce some of the newly reimposed tariffs
- Details of the compromise are unclear, but it is expected to be a more long-term deal
- Trump is addressing Congress with trade policy likely to be a key topic
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