Lutnick says AI wasn't used to calculate Trump's tariffs
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The move has roiled markets, with critics chiding both the steep rates and the unorthodox formula apparently used to calculate them.
From CBS News
All three major stock indexes in the US plunged more than 5% on Friday, while the S&P 500 dropped almost 6% in the worst week for the US stock market since 2020.
From BBC
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Lutnick has played a supersize role in Trump’s first months in office, driving tariff discussions, meeting with dozens of business leaders, appearing on television and often standing alongside Trump. Continue reading your article with a WSJ subscription
Howard Lutnick said the calls from foreign officials prove that “these countries know that they’ve been ripping us off,” suggesting there was no room for negotiations.
In a recent series of interviews, US Commerce Secretary Howard Lutnick stirred considerable debate by labeling Australia’s biosecurity rules as 'nonsense.' His comments have ignited discussions about trade practices,
Despite comments from other administration officials that over 50 countries are calling the White House to negotiate, the tariff strategy President Trump announced Wednesday will stay in place, Commerce Secretary Howard Lutnick said on CBS.
Commerce Secretary Howard Lutnick said President Trump should run the global economy as markets plummet due to the onset of Wednesday’s tariff announcement for a range of nations. “Let Donald
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Irish Mirror on MSNHarris to stress importance of Irish trade to US during Lutnick meetingMr Lutnick has been critical of Ireland’s tax arrangements, claiming it runs a trade surplus at America’s expense. Mr Harris held a late-night call with Mr Lutnick a number of weeks ago, which the Fine Gael minister described as a “useful opportunity to exchange views”.
In a time of escalating trade tensions, Commerce Secretary Howard Lutnick has voiced a strong argument for imposing reciprocal tariffs on countries that restrict imports from the United States. He asserts that the European Union (EU) deserves these tariffs for not purchasing American agricultural products,
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The Times of Israel on MSNNetanyahu arrives in DC for hastily arranged talks with Trump on tariffs, hostages and morePM travels from airport to meeting with US Commerce Secretary Howard Lutnick; flight takes convoluted route to avoid airspace of countries that could enforce ICC arrest warrant
President Trump’s new tariffs were retaliatory and will encourage other countries to open the door to U.S. goods, Commerce Secretary Howard Lutnick said Thursday. “This is the reordering of fair trade,