Fox Business reporter sends mixed messages on hopes for Mexico-Canada tariff relief

Here was the first post from Fox Business reporter Charlie Gasparino:

BREAKING: Lots of talk in Trump circles about the need for some grand plan to resolve the tariff disputes with Mexico, Canada and Europe that is, cut a deal via one universal settlement. This started bubbling after today’s market losses and the growing sentiment that the market upheaval isn’t over until this stuff is settled. I have no clue whether this is something the White House is working on, but the chatter among the outside Trump advisers in and around Wall Street and DC is real. The idea is that a compromise –Trump saves face with the base; the trading partners who are now hurting economically because of the uncertainty — all get relief. The administration then can move on and focus on broader parts of its econ plan ie DOGE budget reductions, tax cuts and deregulation. Story developing

However, this was the follow up:

BREAKING: A person close to the Trump’s White House tells me the following: “Unfortunately, this is not being discussed at this time.” Story developing

Odd this is coming out just as US and Canadian officials are meeting and have agreed to meet again next week.

Plenty of people in markets (and otherwise) would certainly like that to happen. There is some optimism after Canadian comments and S&P 500 futures are up 25 points.

Update: Even more now.

BREAKING ADDITIONAL DETAIL: There are attempts by Trump supporters outside the White House to put a universal tariff settlement in play but as of now this is not being discussed internally in a serious manner. Story developing

This article was written by Adam Button at www.forexlive.com.