President Trump is likely to announce more exemptions from his new tariffs on Canadian and Mexican products, Commerce Secretary Howard Lutnick said Thursday.

In an interview with CNBC, Lutnick said Trump is likely to exempt Canadian and Mexican goods and services from tariffs that comply with the U.S.-Mexico-Canada Agreement (USMCA), the North American Free Trade Agreement (NAFTA) renegotiation cemented during his first term.

The exemption, Lutnick said, would last only for one month.

“It’s likely that it will cover all USMCA........

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