Late Tuesday, Commerce Secretary Howard Lutnick indicated relief may be in sight. In an appearance on Fox Business News, Lutnick said an interim agreement with Canada and Mexico that would allow their tariffs to be rolled back to some degree could come as soon as Wednesday.
"The Mexicans and the Canadians are on the phone with me all day today, trying to show that they'll do better," Lutnick said. "And the president is listening because, you know, he's very, very fair and very reasonable. So I think he's going to work something out with them."