Reported about 22 hours ago
Howard Lutnick, nominated by President Trump to lead the Commerce Department, defended tariffs during his Senate confirmation hearing, asserting they would restore respect for the U.S. and enhance national security. He indicated that tariffs could target both allies and adversaries, particularly stressing higher duties for China. Lutnick dismissed concerns about inflation, labeling them as unfounded, and advocated for a comprehensive tariff strategy to revive American manufacturing and improve trade relations.
Source: YAHOO