Trump’s Commerce secretary defends the tariff endgame against recession worries
American Trade Minister Howard Lootnick interacts with thinking behind a large number of definitions, interacting with trade criticism and reveals the ultimate goal of President Donald Trump’s tactics.
The record was straightforward about the continuous tariff discussions in the political and economic fields.
“Varney & Co.”.
“So this concept,” Oh, the prices will rise, “you have to remember, President Trump is playing for the power of America.”
After taking measures against Mexico, Canada and China, Trump’s tariff increased by 25 % on all steel and aluminum imports on Wednesday, which is the last step in management plans to reshape global trade standards in favor of American manufacturing.
The stocks are drowned while Trump puts more customs tariffs on Canada
The demand extends hundreds ofmated products, including nuts, bolts, bulldozers and soda cans. Revenge also prompted the European Commission, which was announced shortly after Trump’s tariff that it would impose a counter -tariff on the equivalent of 28 billion dollars of American goods that start next month.
Trade Minister Howard Lootnick said that “nothing” will stop the end of President Donald Trump’s tariff for “Varney & Co.” (Getty Images)
“So I think the president looks at steel and aluminum as essential for our national security. I mean, we cannot be in war and rely on steel and aluminum from some other countries,” explained Lottenic. “It is not reasonable.”
“Therefore, the president wants the steel and aluminum in America,” the secretary added.
David Solomon, CEO of Goldman Sachs, is discussing the business community ideas about President Donald Trump’s tariff, supporting small companies, canceling bank organization and making America the world of encryption in the world.
When Stewart Varney, the Fox Business host indicated that the prices of aluminum, steel and copper have already started to rise, and could “ripple” through the economy, put Lutnick’s responsibility for the Biden administration.
“Inflation comes from a government print a lot of money, as the Biden administration has a $ 2 trillion deficit. Do not get inflation from customs tariffs. Because what the customs tariff says is, if it is made in Europe, if it is foreigner, it may cost a little more.
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Trade Minister Howard Lootnik opens up on President Donald Trump’s tariff for Mexico and Canada to “Kudlo”.
Steel and aluminum production work only 50 to 55 %, according to Lottenic, who argues that Trump’s plan is to raise the return to 80 %.
The former CEO of Cantor Fitzgerald and BGC also responded to the Politico article claiming that “Trump’s allies blame Lootnick for Trump’s introductory disorders,” quoting unknown sources that he is behaving like “Trump Small”.
“I already help him implement his policy. The economic team is one. We are doing it together,” Al -Amin explained. “We understand what he wants to achieve. He wants to re -manufacture to America. He wants to bring America and protect it from some industries, which he called. We do it together.”
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Eric Rafeel in Fox Business contributed to this report.
2025-03-12 17:01:00
