Stock futures climbed Monday as investors tried to decipher what President Donald Trump 's final tariff plan will look like. Duties of up to 25% on imports from Mexico and Canada are set to take effect Tuesday – though Commerce Secretary Howard Lutnick suggested that the administration could reduce the rate.

U.S. President Donald Trump is expected to impose new tariffs Tuesday on Canadian and Mexican exports to the United States, but Commerce Secretary Howard Lutnick told Fox News Sunday they may not be as high as the 25% figure Trump was planning.

U.S. Commerce Secretary Howard Lutnick anticipated the possibility that President Donald Trump will announce a reduction of tariffs on Canada and Mexico

Commerce Secretary Howard Lutnick said he thinks President Trump might consider tariff relief for Canada and Mexico in a compromise, and that an announcement may come Wednesday afternoon. “The president is listening to the offers from Mexico and Canada.

Trump considering tariff exemptions for some Canada, Mexico goods, Commerce Secretary Lutnick said Wednesday. Read more here.

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. Commerce Secretary said President Donald Trump is "open-minded" about meeting Canada and Mexico "in the middle".

The Trump administration could announce a pathway for tariff relief on Mexican and Canadian goods covered by North America’s free trade agreement as soon as Wednesday, Commerce Secretary Howard Lutnick said.

Trump's moves have raised inflation fears, even as he has promised the American public that taxes on imports are the easiest path to national prosperity.