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Democrats are looking to exploit the Commerce secretary nominee’s vast wealth and financial entanglements at his confirmation hearing Wednesday.
President Donald Trump's commerce secretary nominee, Howard Lutnick, say he prefers "across-the-board" tariffs at his confirmation hearing before the Senate Commerce Committee Yahoo Finance Washington Correspondent Ben Werschkul joins Market Domination to outline his takeaways from Lutnick's questioning by US lawmakers and President Trump's own commentary around his looming tariffs.
Howard Lutnick, Trump's pick for U.S. commerce secretary, said tariffs will 'create reciprocity, fairness and respect' for the U.S. and will not be inflationary for Americans.
The U.S. is threatening a two-stage tariff plan in which Canada and Mexico could get hit with initial trade penalties within days, then face broader penalties this spring.In summary, it's: maybe tariffs now,
Mexico's president on Wednesday said her nation is in dialogue with the White House and was confident that the 25% tariff isn't imminent.
Howard Lutnick said tariffs are essential for supporting U.S.-based manufacturing and won't trigger inflation while undergoing a Senate confirmation hearing on Wednesday.
Howard Lutnick, President Donald Trump’s nominee to lead the Commerce Department, offered a detailed defense of tariffs in his confirmation hearing, the clearest signal yet from a cabinet pick that the new administration is prepared to impose the levies on allies and adversaries alike.
Howard Lutnick voiced robust support for U.S. leadership in AI and quantum information sciences alongside a light touch regulatory approach.
U.S. tariffs against Canada could come in two steps, with the first blow coming as early as Saturday if Ottawa can't show it has shut its borders to illegal immigration
Lutnick, a billionaire businessman and co-chair of President Donald Trump’s transition team, testifies Wednesday in his confirmation hearing to become commerce secretary.