US-Mexico tariff deal stalls as Commerce Secretary Lutnick opposes cuts

A reported US-Mexico tariff agreement faces internal US opposition, with Commerce Secretary Howard Lutnick resisting substantial reductions to 25% auto tariffs and 50% steel/aluminum levies. The Wall Street Journal report indicates a rift within the administration over trade policy, creating uncertainty about the final deal's scope. This matters because it signals potential escalation or prolonged trade friction with Mexico, affecting North American supply chains and market sentiment.