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U.S. Commerce Secretary Howard Lutnick speaks to members of the media near the White House in Washington, D.C., U.S., March 13, 2025. Nathan Howard | Reuters Commerce Secretary Howard Lutnick on Tuesday teased that the Trump administration has reached its first trade deal, but said it was not fully finalized and declined to name the … Read more
Commerce Secretary Howard Lutnick said President Donald Trump’s trade exemptions on electronic devices are only temporary. On Friday, US Customs and Border Protection published a notice on Trump’s so-called reciprocal tariffs to include exemptions on smartphones, computers, semiconductors, flat panel TV displays, flash drives, memory cards, solid-state drives for data storage, and other key tech … Read more
U.S. Commerce Secretary nominee Howard Lutnick speaks inside the Capital One arena on the inauguration day of Donald Trump’s second presidential term, in Washington, U.S., January 20, 2025. Mike Segar | Reuters President Donald Trump’s Commerce Secretary Howard Lutnick suggested Sunday that the reciprocal tariff exemptions for some electronics may be short-lived, and said separate … Read more
The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening that consumer electronics such as laptops and smartphones would be exempt from the tariffs it unveiled earlier this month. (While Trump delayed many of those tariffs this week, he left a 10% … Read more
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | Reuters The Trump administration will remain steadfast in its reciprocal tariffs on major U.S. trading partners even in the face … Read more
The race for economic dominance between the United States and China could have some upside too, International Chamber of Commerce Secretary General John W.H. Denton said. “There is a competition going on for supremacy, and I think it’s perfectly important to understand that competition may actually have positive benefits,” he said during Fortune’s Building a … Read more
Just days after President Trump turned the South Lawn of the White House into a Tesla car emporium, a member of his cabinet took to the airwaves urging Americans to buy Elon Musk’s stock as well. Tesla has become the main target of public resentment focused on its controversial CEO, with protests, boycotts, and even outright arson … Read more
Canada responded aggressively to the Trump administration’s recent tariffs, and Commerce Secretary Howard Lutnick is not pleased. Ahead of a meeting with a Canadian coalition, including Finance Minister Dominic LeBlanc and blunt-speaking Ontario Premier Thursday, Lutnick blasted Canada’s “tone deaf” reciprocal tariffs on the U.S. Canada’s tariffs target a combined $15.6 billion dollars worth of … Read more
China’s Ministry of Commerce has held talks with Walmart after the U.S. retail giant reportedly requested price cuts from Chinese suppliers to offset tariff costs, a state-backed media outlet said Wednesday. The announcement came after Bloomberg reported last Thursday that Walmart had asked some Chinese suppliers, including makers of kitchenware and clothing, to lower prices … Read more
Secretary Lutnick hedged his bets about the economic sanctions being leveled against Canada and Mexico from tomorrow—and refused to rule out a 25% import duty. Read More
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