India, China have most tariffs, no inflation: US commerce secy nominee

Quick Summary:

Two countries India and China have the most tariffs but no inflation, an American businessman nominated by US President Donald Trump to be his commerce secretary told lawmakers on Thursday, making a point that there is no relationship between tariffs and inflation.

It is nonsense, Howard William Lutnick, former head of Cantor Fitzgerald, told members of the Senate Commerce, Science, and Transportation Committee during his confirmation hearing.

The two top countries with tariffs, India and China, have the most tariffs and no inflation, it is just nonsense that tariffs cause inflation.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: IndiaChinaUnited StatesVietnam

Topics: US President US commerce secretary Trade Donald Trump Howard William Lutnick

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 07:21:45 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25656331

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 301 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions