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The new face of Trump’s tariffs plan
Nov 21, 2024
The potential appointment of Howard Lutnick as Secretary of Commerce could reshape Trump's tariff strategies. Mixed earnings from retailers like Target and Walmart highlight changing consumer habits. The Justice Department is taking aim at Google's dominance in online search, stirring discussions on market competition. Meanwhile, Bitcoin is soaring towards a record high, prompting fascination with its future and the implications of a crypto-friendly administration.
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Quick takeaways
- Howard Lutnick's appointment as Commerce Secretary signals a strong focus on tariffs and trade policies in Trump's economic agenda.
- The Justice Department's antitrust actions against Google suggest significant changes ahead for tech regulation and increased market competition.
Deep dives
Implications of Trump's Cabinet Picks
The formation of President-elect Trump's cabinet is marked by significant appointments that could shape his economic agenda. Howard Lutnick, chosen for Secretary of Commerce, is expected to play a crucial role in implementing Trump's tariff plan, as the Commerce Department is responsible for enforcing U.S. trade laws. This emphasizes the administration's focus on trade policies that could impact various industries and consumer prices. As Trump continues to search for a Treasury secretary, the implications of these decisions are set to reverberate through the economy, making it essential to monitor these developments in real time.
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