Trump, Howard Lutnick and Commerce Secretary
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Insider |
Trump announced reciprocal tariffs on all countries with tariffs on US goods.
Wall Street Journal |
“This is the reordering of fair trade,” Lutnick said.
Lexington Herald Leader |
About two-thirds, 67%, said they believe they will cause the price of goods they typically purchase to increase.
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1don MSNOpinion
Trump’s commerce secretary bemoaned that European countries won’t accept imports of certain meats from the United States.
Commerce Secretary Howard Lutnick is signaling that he could withhold promised Chips Act grants unless companies expand their US projects. Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead joins Market Domination host Josh Lipton to discuss the implications of this move.
Before Donald Trump began his tariff address, the S&P 500 had ended higher in regular trading and futures were trading higher by 1.7% at 4:25 PM Eastern Time.
Lutnick, a businessman and former ... tariffs will go into effect immediately, the stock market will be closed by that point so the economic impact will become clear on Thursday morning.
President Trump's new global tariffs are likely to mean higher prices for many products, experts say. U.S. Commerce Secretary Howard Lutnick joins "CBS Mornings" to talk about the president's plan and the impact on consumers.