Commerce Secretary Howard Lutnick said Thursday that President Donald Trump will likely announce later in the day a one-month tariff delay on all products that are covered by the USMCA free trade treaty.

President Donald Trump's Commerce secretary indicates there won't be a "pause" on tariffs, but negotiations with Canada and Mexico will meet "in the middle."

The U.S. may pull back on some tariffs against Canada and Mexico later Wednesday in a limited fashion, Commerce secretary Howard Lutnick said. Why it matters: Financial markets sank when President Trump imposed 25% tariffs against the two largest U.