Tariff Exemptions Possible for Mexico, Canada, Says Commerce Secretary
President Donald Trump is scheduled to announce drastic changes to tariffs imposed on Mexico and Canada on Wednesday, Commerce Secretary Howard Luttonick said. The administration may exempt certain items from 25% tariffs from certain items, including vehicles that meet US Mexico and Canada Agreement (USMCA) standards. In an interview with Bloomberg TV, Lutnick said President […]
Stock futures rise after Commerce Secretary Lutnick suggests possible compromise on Trump tariffs: Live updates – CNBC
The trader works on the floor of the New York Stock Exchange in the financial district of New York City on March 4, 2025. Timothy A. Clary | AFP | Getty Images US stock futures rose Tuesday night after three major averages suffered sharp losses in their second session. Futures linked to the Dow Jones […]
Trump Mexico, Canada tariffs a ‘fluid situation’: Commerce secretary
Commerce Secretary Howard Lutonic said tariffs in Mexico and Canada, which are expected to level this week, are “a liquid situation.” Lutonic Participation Fox News' Sunday Morning Futures. He discussed President Trump's plan to place tariffs on Mexico and Canada to curb immigration and fentanyl flow to the United States. The tariff plans were suspended […]
250,000 people 'waiting in line' for $5M Trump 'gold card’: Commerce secretary
Commerce Secretary Howard Lutnick said Wednesday that 250,000 people were waiting to get one of President Trump's so-called “gold cards.” In an interview with Bret Baier about the Fox News Channel's Special Report, Lutnick defended the proposed program as a way to spend enough money on it to begin paying off the country's debts. “We're […]
US economy grew 2.3% in fourth quarter, Commerce Department says
Former White House Deputy Chief of Staff Karl Loeb responds to Tarshi Gabbard being confirmed as the National Intelligence Director for “Varney & Co.” The US economy grew at a rate of 2.3% in the fourth quarter, growing in line with previous reading and economists' expectations. The Department of Commerce's Economic Analysis Bureau (BEA) announced […]
Warren questions Commerce secretary on Musk access to data on competitors
Sen. Elizabeth Warren (D-Mass) asked Commerce Secretary Howard Lutnick on Monday about access technology billionaire Elon Musk's government efficiency (DOGE) has to its competitors and business partners. did. In a letter to Lutnick, Warren said Doge has access to major government databases of several federal agencies. She argued that such activities at the Department of […]
Bondi Swears in FBI Director Patel, Vance Swears in Commerce Sec Lutnick
WASHINGTON – Commerce Secretary Howard Lutnick and FBI Director Kash Patel were sworn in Friday after confirmation from their respective Senate. Confirmed by 51-45 votes, Lutnick was sworn in his oval office by Vice President JD Vance, as Trump sees. “We're going to get rid of so many waste, fraud and abuse. We're not going […]
JD Vance swears in Howard Lutnick as Donald Trump’s commerce secretary at the White House
Vice President J.D. Vice President Vance vowed at Howard Lutnick as White House Secretary of Commerce on Friday. At the oath ceremony, President Donald Trump said that Lutonic's priorities in his role focused on job growth, claiming that Lutonic “really understands something about business.” Additionally, Trump informed him that he would soon impose mutual tariffs. […]
Trump floats merging Postal Service with Commerce Department
WASHINGTON – President Trump announced Friday that he believes he is merging with the US Post Office and the Commerce Department. Trump told reporters in the Oval Office that his administration is considering a “merger” of the two agencies to improve efficiency. “We want to have a post office that works well and doesn't lose […]
Commerce secretary Howard Lutnick reveals Trump’s ‘goal’ to abolish the IRS, utilize tariffs so ‘whole economy explodes’
Details have been made clear from the Trump administration about plans to remove the Internal Revenue Service (IRS) and use tariffs to “explode the entire economy.” “His goal is to abolish the Internal Revenue Service and have all outsiders pay,” Commerce Secretary Howard Lutnick told “Jesse Watters Primetime” on Wednesday. “As the President said, mutual […]