When requested in regards to the ripple impact that Trump’s tariffs are having on dockworkers, the trucking trade and others, Lutnick requested them to keep in mind that “this is just a China problem right now.”
Lutnick referenced the 145% tariff Trump placed on Chinese language imports and the 125% duties China slapped on U.S. imports in retaliation.
“Those tariffs are too high to do business, but that’s why they’re talking right now,” he stated of the China tariffs. “The rest of the world is 10%, so don’t overdo it. The rest of the world is 10%. They’re sending their goods here, as the president has said, time and time again. We are the consumer of the world. Everybody wants to sell their goods here, so they need to do business with America, and we’re using the power of our economy to open their economy to our exporters.”
COMMERCE SECRETARY SAYS MORE DEALS TO COME FOLLOWING US-UK TRADE AGREEMENT: ‘GOING TO DRIVE OUR ECONOMY
U.S. Commerce Secretary Howard Lutnick on Sunday stated America is “the consumer of the world” and all international locations “want to sell their goods here, so they need to do business with America.” (Francis Chung/Politico/Bloomberg by way of Getty Pictures, File / Getty Pictures)
Lutnick added that Treasury Secretary Scott Bessent, who’s main the commerce negotiations with China, was in Geneva, Switzerland, over the weekend to talk along with his Chinese language counterparts on tariffs and commerce.
Trump posted on social media Saturday that “great progress” was being made in ongoing U.S.-China talks.
Former House Depot CEO and chair Bob Nardelli says President Donald Trump is placing out a sign he’s prepared to barter on ‘The Night Edit.’
TRUMP UNVEILS NEW UK TRADE DEAL, CALLS IT ‘INCREDIBLE DAY FOR AMERICA’
Lutnick additionally stated that Trump is concentrated on bringing manufacturing again to America, including that those that make their merchandise in America received’t should pay tariffs.
“And if you want to build overseas, okay, you’ll pay tariffs and you’ll be less competitive in America, so build here,” he stated.
FOX Enterprise correspondent Lauren Simonetti experiences from the Lincoln Technical Institute to debate the way forward for commerce jobs within the U.S. on ‘The Claman Countdown.’
Commerce offers that the Trump administration is engaged on with different big-economy international locations, just like the U.Okay., would additionally enable extra U.S. producers to export to these international locations, the commerce secretary stated.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“And our idea is, have the Americans be able to export to those countries, grow America, right? Ranchers, produce, vegetables, machinery, ethanol, things like that, sell to those country, lower their tariff rate, and then bring manufacturing back to America,” he stated.
