Reported 21 days ago
Howard Lutnick, Donald Trump's nominee for Commerce Secretary, advocates for broad tariffs across nations to tackle various economic challenges, including protecting America's lead in artificial intelligence. During his confirmation hearing, he linked tariffs to potential export controls on AI, arguing that targeted duties could lead to ineffective responses. Lutnick supports Trump's aggressive tariff strategy and feels this approach is essential for creating reciprocity in trade. As deadlines approach for new tariffs on Canada, Mexico, and China, the market watches closely.
Source: YAHOO