Bloomberg Talks
US Commerce Secretary Howard Lutnick Talks Tariffs
Mar 13, 2025
Howard Lutnick, former US Commerce Secretary under Trump, dives into the controversial realm of tariffs and national security. He defends the 25% tariffs on steel and aluminum, arguing they protect US interests, while criticizing Canada's retaliatory measures as 'tone deaf.' Lutnick also emphasizes the need for balanced trade relations with allies like Canada and the EU, illustrating the complexities of U.S.-China trade dynamics, especially regarding fentanyl and drug control, which are pivotal to national safety.
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Quick takeaways
- US tariffs on steel and aluminum are framed as crucial for national security, emphasizing the need for domestic production amidst global trading tensions.
- Investment commitments from both domestic and international companies signal optimism for U.S. economic growth despite current market uncertainties.
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