Trump’s tariffs to restore US economy and respect

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The story "Trump’s tariffs to restore US economy and respect" was covered 12 hours ago by The Star, a news publisher based in Malaysia.

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The Star 12h ago

Trump’s tariffs to restore US economy and respect - The Star

Quick Summary:

Howard Lutnick, president Donald Trump’s nominee to lead the Commerce Department, offers a detailed defence of tariffs in his confirmation hearing, the clearest signal yet from a cabinet pick that the new administration is prepared to impose the levies on allies and adversaries alike.

Lutnick brushed aside worries that tariffs would drive inflation higher as “nonsense” while conceding prices of some products might go up.

The Cantor Fitzgerald LP chief executive, who Trump tapped to lead his “tariff and trade agenda” differentiated between tariff uses, adding that some are possible to avoid if countries bend to Washington’s demands.