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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 country involved. “I have a deal done, done, done, done, but I need to wait for their prime minister and their parliament to give its approval, which I expect shortly,” Lutnick told CNBC’s Brian Sullivan. The stock market rose to its highs of the session following the comments, as Wall Street is watching closely for signs of progress in trade negotiations. Lutnick did say that he was not dealing directly with...

Commerce Secretary Howard Lutnick said Sunday on ABC’s “This Week” that President Donald Trump’s tariff exemptions on technology products like phones, computers and chips were temporary. KARL: Let’s start with that news late Friday that this exemption on electronics, smartphones, laptop computers and the like. What’s the thinking? Why the exemption? LUTNICK: Well, if you remember, over the past couple of months President Trump has called out pharmaceuticals and semiconductors and autos. He called them sector tariffs. And those are not available for negotiation. They are just going to be part of making sure we reshore the core national security...

Commerce Secretary Howard Lutnick said during Thursday’s Cabinet meeting that countries are approaching the United States with offers they never previously would have because of President Donald Trump’s “Liberation Day” tariffs. Lutnick was the second cabinet member to speak after Defense Secretary Pete Hegseth just a day after Trump put a pause on his reciprocal tariffs on countries that did not retaliate against them. According to the White House, some 75 countries are looking to negotiate, while escalations with Beijing have led to the administration ramping up reciprocal tariffs to 125 percent on China. “They have come with offers that...

Margaret Brennan is very worried about the penguins of the Heard and McDonald Island being able fill their orders for EU heavy industrial equipment, against the backdrop of President Trump’s 10% tariffs. Secretary Lutnick points out the issue of transnational shipping, as Brennan sits flummoxed.That’s just one of the talking points from the ever-insufferable Margaret Brennan in this left-wing narrative engineering under the pretense of an interview. WATCH:[TRANSCRIPT] – MARGARET BRENNAN: Mr. Secretary, welcome to “Face the Nation.”COMMERCE SECRETARY HOWARD LUTNICK: Great to be here.MARGARET BRENNAN: We see about 60% of Americans have money in the stock market, which mean...

Commerce Secretary Howard Lutnick told Newsmax on Wednesday that President Donald Trump’s “Liberation Day” is “a great day because the rest of the world has been leaning on us, exploiting us, and taking advantage of us.”Earlier in the day Trump announced his much-anticipated reciprocal tariffs designed to reset global trade and return manufacturing of all forms to the United States. Lutnick said the goal is to “reorder global trade. And it’s going to be great for American workers.”Lutnick said anyone who has known Trump should recognize the president has always seen tariffs as way to help the American worker.“There’s no...

Wall Street, the Bankers, the Hedge Funds, the multinational corporations, K-Street Lobbying firms, Democrats, Republicans, leftists, globalists, and every other segment of the financial media who define themselves through the prism of their bank accounts, need someone else to blame for the Trump tariffs; because Trump doesn’t care.It looks like the professional political class have decided to focus all financial firepower against Commerce Secretary Howard Lutnick.With the anticipated reciprocal tariffs announcement tomorrow, Liberty Day as President Trump calls it, the high-finance multinationals and Wall Street crowd are going bananas. Here come the hits against Lutnick.(Politico) -‘I don’t know anyone that...

Commerce Secretary Howard Lutnick appears for an extensive discussion with the All In podcast. Secretary Lutnick has been a 30-year friend of President Trump and is currently one of the most critical members of the MAGAnomic team who are executing Trump’s agenda to Make America Great Again.Secretary Lutnick outlines the background of what makes President Trump so effective in his position, and within the discussion Lutnick notes at the core of Donald Trump is “the most intuitive person he has ever known.” This is a casual discussion about President Trump and how Lutnick came into the administration. WATCH:CHAPTERS:(0:00) Chamath and...

Commerce Secretary Howard Lutnick said Sunday that Americans should “absolutely not” brace for a recession as President Donald Trump plans to implement far-reaching reciprocal tariffs on goods from foreign countries. “There’s going to be no recession in America. ... Global tariffs are going to come down because President Trump has said, ‘You want to charge us 100%? We’re going to charge you 100%,’” Lutnick told NBC News’ “Meet the Press.” Lutnick argued that Trump plans to “unleash America out to the world” and “grow our economy in a way we’ve never grown before.” “So, if Donald Trump is bringing growth...

President Donald Trump could reduce the 25 percent tariffs that he imposed Tuesday on Canada and Mexico, Commerce Secretary Howard Lutnick said in an interview on Fox Business Network, less than 18 hours after the duties went into effect. “Both the Canadians and Mexicans were on the phone with me all day today trying to show that they’ll do better” on reducing fentanyl flows into the United States, Lutnick said. “So I think [Trump] is going to work something out with them.” “It’s not going to be a pause — none of that pause stuff,” he continued. “But I think...

somewhere in the middle will likely be the outcome

One of President Trump’s objectives over the next four years is to have US revenues from tariffs become so massive that the Internal Revenue Service is no longer needed, his commerce secretary revealed Wednesday. “His goal is to abolish the Internal Revenue Service and let all the outsiders pay,” Commerce Secretary Howard Lutnick said during an appearance on Fox News Channel’s “Jesse Watters Primetime.” The former CEO of Wall Street firm Cantor Fitzgerald expanded a day later on his belief that Trump’s sweeping tariff plan will be a boon for the US economy. “As the president said, reciprocal tariffs, either...

President-elect Donald Trump announced Tuesday that he will nominate Howard Lutnick, the co-chair of his transition team, to be commerce secretary — saying Lutnick also would receive a major role in foreign trade policy. Lutnick, the CEO of Cantor Fitzgerald, had been widely rumored as a contender for the more prestigious post of treasury secretary but appeared to have lost momentum in recent days to hedge fund manager Scott Bessent. “I am thrilled to announce that Howard Lutnick, Chairman & CEO of Cantor Fitzgerald, will join my Administration as the United States Secretary of Commerce,” Trump, 78, said in a...