{
  "id": 5073929,
  "title": "US Commerce Secretary Lutnick: Canada treated US 'disrespectfully'",
  "url": "https://urgent.news/2026/09/02/us-commerce-secretary-lutnick-canada-treated-us-disrespectfully",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T11:30:07.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-commerce-secretary-lutnick-canada-treated-the-us-disrespectfully-202609021130"
  },
  "original_language": "en",
  "account": "US Commerce Secretary Howard Lutnick expressed disappointment that Canada had treated the United States with disrespect. Lutnick suggested that if US companies manufactured their products within the country, they would receive tariff relief. This would help stabilize the market and lead to a more optimistic bond market. The secretary believes that the US will be successful in the semiconductor industry, which is currently under consideration for potential tariffs. In financial terms, \"risk-on\" and \"risk-off\" markets refer to the level of risk investors are willing to accept. In a \"risk-on\" market, investors are optimistic and more likely to buy assets with higher risk, while in a \"risk-off\" market, investors become more cautious and prefer safer, more certain investments. When markets are \"risk-on,\" stock markets typically rise, and most commodities, except gold, also gain value. In a \"risk-off\" market, bonds tend to rise, particularly major government bonds, and safe-haven currencies such as the Japanese Yen, Swiss Franc, and US Dollar strengthen. Conversely, \"risk-off\" markets see currencies like the Australian Dollar, Canadian Dollar, New Zealand Dollar, and minor currencies like the Ruble and South African Rand rise, as these economies heavily rely on commodity exports.",
  "summary": "United States (US) Commerce Secretary Howard Lutnick said during the European trading session on Wednesday that there will be tariff relief if the company builds in the US.",
  "key_points": [
    "US Commerce Secretary Howard Lutnick criticized Canada's treatment of the US.",
    "Proposed tariff relief for US companies manufacturing in Canada.",
    "Semiconductor industry under consideration for potential tariffs."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}