US EditionLutnick Says Trump Could Exclude Products Not Grown in U.S. From Tariffs
UNITED STATES, JUL 29 – President Trump will impose reciprocal tariffs on imports from over two dozen countries to boost US producers and use revenue to reduce personal income taxes, officials said.
- On Friday, Trump’s reciprocal tariffs on dozens of countries' imports are set to start, with Brumley emphasizing the deadline will not be delayed further.
- Amid campaign pledges, Donald Trump aimed to use tariffs to support the US economy and American producers, planning to use tariff revenue to lower personal income taxes.
- Amid sweeping tariff announcements, the source states tariffs on dozens of countries' imports set to begin Friday, with no specific mention of the EU or Brazil rates.
- Despite the looming deadline, US officials said negotiations with China in Stockholm are ongoing, and they remain open after Friday, Lutnick told CNBC.
- Amid repeated delays, Lutnick insists the plan first rolled out in early April, but economists criticize its tariff calculation formula, raising future concerns.
12 Articles
12 Articles
Products not grown in US might have zero tariffs, Lutnick hints
Amid the uproar surrounding the 50% tariffs on Brazilian products to be imported by the US administration of President Donald Trump, coffee producers saw some light at the end of the tunnel Tuesday when US Secretary of Commerce Howard Lutnick said in an interview with US network CNBC that some products not grown in the country could enter the United States without import tariffs.
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NBC New York
NBC PhiladelphiaTrump's trade deals for ‘the world' will be ‘done by Friday,' but China will take longer: Lutnick
The Commerce secretary suggested on CNBC’s “Squawk Box” that President Trump has repeatedly rejected potential deals in pursuit of better terms for the...
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