Trump, Howard Lutnick and Trade Deals
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Commerce Secretary Howard Lutnick cast many of the issues surrounding the US-European Union trade pact as still up for discussion, saying there was “plenty of horse trading left to do.”
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Commerce Secretary Howard Lutnick encouraged officials from South Korea to bring their best and final trade deal to the table during a recent meeting in Scotland, according to people familiar with the matter.
Tariffs are coming on August 1 and there will be no more extensions, Commerce Secretary Howard Lutnick said. President Donald Trump imposed his “Liberation Day” tariffs in April, causing a rollercoaster stock market. A week later, he announced a 90-day pause, which has now expired, with many set to take effect Friday.
Secretary of Commerce Howard Lutnick announced on Fox News Sunday that there will be no extensions on tariffs that are set to begin on August 1st.
Lutnick and President Donald Trump speak on the phone most nights, at around one in the morning, just after Lutnick gets in bed,” New Yorker magazine writer Antonia Hitchens said.
The commerce secretary said President Donald Trump's sweeping new tariffs would drive as much as 1.5 percent gross domestic product growth.