Bloomberg Talks Commerce Secretary Howard Lutnick Talks Non-Tariff Barriers
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Apr 3, 2025 
Howard Lutnick, the US Commerce Secretary instrumental in President Trump’s tariff policies, discusses the challenges of non-tariff barriers that hinder American exports. He emphasizes the necessity for foreign nations to adjust their regulations to benefit from tariff relief. Lutnick and Bloomberg's Jonathan Ferro and Annmarie Hordern explore the intricate web of international trade impediments and emphasize the importance of reforming these practices. They also delve into economic strategies to revive U.S. manufacturing and reclaim global trade dominance.
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Non-Tariff Trade Barriers
- Tariffs are easily understood, but non-tariff trade barriers are more complex.
- These barriers, like VAT taxes and subsidized production, significantly impact trade.
Car Subsidies
- Some countries provide direct rebates to car manufacturers, making their cars cheaper.
- This makes it difficult for American car manufacturers to compete.
Tariff Methodology
- The calculation of tariff rates was based on trade surpluses, exports, and a discounted rate.
- This methodology makes negotiation difficult for trade partners.