Commerce Secretary Howard Lutnick indicated on Sunday that the tariffs on lumber and dairy products that President Donald Trump threatened onto Canada late last week are not coming before April 2, when the president’s sweeping reciprocal tariffs are set to take hold.
Commerce Secretary Howard Lutnick emphatically rejected the risks of a recession even as markets slide — and said America’s biggest trading partners could easily avoid Trumps
U.S. President Donald Trump maintains tariffs on Mexico, Canada, and China as a lever against the fentanyl crisis. U.S. Commerce Secretary Howard Lutnick assures the measures aim to protect American lives and dismisses fears of a recession,
National Economic Council director Kevin Hassett said in an interview with ABC News' "This Week" that the tariffs are not meant to start a trade war. "What happened was that we launched a drug war, not a trade war, and it was part of the negotiation to get Canada and Mexico to stop shipping fentanyl across our borders," Hassett said.
A self-styled Wall Street tough guy, Lutnik served as head of brokerage and investment bank Cantor Fitzgerald before being selected by Trump to take charge of everything from imposing trade restrictions to monitoring the weather.