US EditionLutnick says Trump tariffs on uninhabited islands prevent other countries from using ‘loopholes’
- Heard Island and McDonald Islands were hit with 10% tariffs, alongside 86 other countries, as part of a strategy to close trade loopholes, according to U.S. Commerce Secretary Howard Lutnick.
- Lutnick explained that including these territories prevents exporters from rerouting goods through exempt areas to avoid penalties.
- He cited the 2018 tariffs against China, noting that such measures led to increased goods being billed through other countries to sidestep restrictions.
- The overall aim is to protect U.S. Industries and reduce the trade deficit, which the administration views as a national security issue.
71 Articles
71 Articles
Why Lutnick Displaced Musk As 'Most Loathed' Trump Adviser
Commerce Secretary Howard Lutnick, who passionately defended the administration's controversial tariff policy despite the resulting market chaos, is said to be the "most loathed" member of President Donald Trump's Cabinet.According to a report by The New Republic, Lutnick has displaced tech billionaire Elon Musk as "the most loathed member of Trump's inner circle" for two reasons."The first is that he defeated efforts by Treasury Secretary Scott…
Think Congress Will Stop Trump’s Tariffs? Think Again.
It’s been seven mind-blowing days since President Trump announced his global tariff plan on April 2—“Liberation Day,” he called it—and all of that before the steepest “reciprocal” tariffs take effect today. In that time of turmoil and melting markets, there has been no more stunning moment than Commerce Secretary Howard Lutnick’s April 3 interview with CNN, in which he told everyone to calm down and defer to the president.“Let Donald Trump run t…
Revealed: White House officials 'frustrated' with 'most loathed member of Trump's inner circle'
Commerce Secretary Howard Lutnick, who passionately defended the administration's controversial tariff policy despite the resulting market chaos, is said to be the "most loathed" member of President Donald Trump's Cabinet.According to a report by the New Republic published Tuesday, Lutnick has displaced tech billionaire Elon Musk as "the most loathed member of Trump's inner circle" for two reasons."The first is that he defeated efforts by Treasu…
'Frustrated' Trump confused why 'emotional' Cabinet member always in White House: report
A key Cabinet member for President Donald Trump has confused the business community and even gotten under the MAGA leader's own skin, according to a report.Commerce Secretary Howard Lutnick has played a key role in shaping Trump's economic policy — including helping craft the president's market-plunging tariff policy. But Lutnick is "frustrating" executives and senior White House officials, who have come away from encounters with Lutnick "exaspe…
Harold Lutnick defends tariffs after massive stock market sell-off: 'The rest of the world has been ripping us off'
Secretary of Commerce Harold Lutnick defended the tariff policies of the Trump administration on "Face the Nation" after a massive sell-off in the stock market. President Donald Trump announced on Wednesday an across-the-board tariff of 10% while adding higher tariffs to several nations that have a trade deficit with the U.S. The ensuing stock market drop erased about $10 trillion in market value and continued into Monday. 'We got to start to …
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