14 h. ago Trump ‘is not going to back off’ from tariff policies, US commerce secretary says – live

Howard Lutnick tells CNN that US president stands by decision to impose sweeping tariffs on nations around the worldUS stock markets tumble as investors shaken by Trump tariffsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

17 h. ago Stock markets plummet after Trump’s tariffs with Dow losing 1,500 points and NASDAQ targeting record

‘This is the reordering of fair trade,’ Commerce Secretary Howard Lutnick said before the stock market tanked at open

Politics

20 h. ago US commerce secretary slams EU beef ban: ‘their beef is weak, ours is beautiful’

US commerce secretary Howard Lutnick has labeled European beef ‘weak’, claiming the EU ban imports on American meat ‘because it’s beautiful’.

Politics

48 h. ago Trump to consider final proposal on TikTok future as US ban deadline looms

Owner ByteDance required to find non-Chinese buyer for video app’s American operations by SaturdayDonald Trump is preparing to consider a final proposal to decide the future of TikTok before a deadline for the app to find a non-Chinese buyer or face a US ban.The US vice-president, JD Vance, the commerce secretary, Howard Lutnick, the national security adviser, Mike Waltz, and the director of national intelligence, Tulsi Gabbard, will meet in the Oval Office on Wednesday to discuss the issue, Reuters reported. Continue reading...

Politics

9 d. ago Harris discussed Irish surplus with US critic who got figure wrong – spokesman

Ireland’s deputy premier Simon Harris held a late-night call with US commerce secretary Howard Lutnick.

Politics

2 w. ago Trump to dramatically downsize education department but it will still handle student loans, says White House – live

Press secretary Karoline Leavitt says DoE will be ‘much smaller’ due to executive order Trump will sign as critics say it is ‘dark day’ for US childrenAnother, perhaps more worrying sign, of the Trump administration’s approach to economic policy was revealed yesterday, when commerce secretary Howard Lutnick recommended in a Fox News interview that people buy Tesla stock.That’s the electric car company led by Elon Musk, who is busy right now cutting down the US government at the behest of Lutnick’s boss, Donald Trump.I think if you want to learn something on this show tonight, buy Tesla. It’s unbelievable that this guy’s stock is this cheap. It’ll never be this cheap again. When people understand the things he’s building, the robots he’s building, the technology he’s building, people are going to be dreaming of today, and thinking gosh, I should have bought Elon Musk’s stock.The Fed would be MUCH better off CUTTING RATES as U.S.Tariffs start to transition (ease!) their way into the e...

Society

2 w. ago Commerce secretary begs Fox News viewers to buy Tesla stock in bizarre interview

Secretary of commerce boasted that Elon Musk was ‘the best’ entrepreneur and technologist and encouraged people to buy Tesla stock while the price is low

Politics

2 w. ago Trump reportedly aims to return ‘authority to the states’ by closing Department of Education – US politics live

President plans to sign executive order closing DoE; order is challenged before it is signed as NAACP calls it a ‘dark day for millions of American children’Tell us: have you experienced any issues at the US border recently?Another, perhaps more worrying sign, of the Trump administration’s approach to economic policy was revealed yesterday, when commerce secretary Howard Lutnick recommended in a Fox News interview that people buy Tesla stock.That’s the electric car company led by Elon Musk, who is busy right now cutting down the US government at the behest of Lutnick’s boss, Donald Trump.I think if you want to learn something on this show tonight, buy Tesla. It’s unbelievable that this guy’s stock is this cheap. It’ll never be this cheap again. When people understand the things he’s building, the robots he’s building, the technology he’s building, people are going to be dreaming of today, and thinking gosh, I should have bought Elon Musk’s stock.The Fed would be MUCH better off CUTT...

Politics

2 w. ago Howard Lutnick touts Elon Musk’s Starlink for US broadband scheme

Commerce secretary urges officials to consider Trump adviser’s satellite connection for rural households

Events

2 w. ago Trump to ‘deal with’ TikTok ahead of April deadline, Commerce Secretary vows

ByteDance has until April 5 to either divest from TikTok or see its platform banned from American app stores. It’s hazy if Trump will extend the deadline

Politics

2 w. ago Trump’s commerce secretary desperately spins dire economic forecast on Fox: ‘It’s not that bad!’

‘I've watched your show all along, I don't remember you saying, 'Oh my God!' No, come on! America is awesome!’ Howard Lutnick told Maria Bartiromo on Friday

Politics

3 w. ago Tariffs are ‘worth it’ even if they cause a recession, claims Commerce secretary

Howard Lutnick hails Trump’s tariffs as revenue generators. What he failed to mention is that American consumers pay the extra revenue

Economics

3 w. ago Ontario suspends electricity tariff imposed on US after Trump’s commerce secretary agrees to talks – live

End of 25% tariff on electricity exports to three US states announced in joint statement from Ontario premier and US commerce secretaryTrump raises Canadian steel and aluminum tariffs to 50%Ukraine ceasefire – live updatesPolls have opened in Greenland for early parliamentary elections Tuesday as US President Donald Trump seeks control of the strategic Arctic island.The self-governing region of Denmark is home to 56,000 people, most from Indigenous Inuit backgrounds, and occupies a strategic North Atlantic location. It also contains rare earth minerals key to driving the global economy, AP reported. Continue reading...

Politics

3 w. ago Trump raises Canadian steel and aluminum tariffs to 50% as trade war escalates

President cites Ontario’s recent imposition of 25% surcharge on electricity exports to US as reason for doubling dutiesUS politics – live updatesDonald Trump has announced he is doubling tariffs on Canadian steel and aluminum from 25% to 50% as a retaliation for the province of Ontario’s imposition of a 25% surcharge on electricity exports to several US states, in a dramatic escalation of the trade war between the two ostensibly allied countries.“Based on Ontario, Canada, placing a 25% Tariff on ‘Electricity’ coming into the United States, I have instructed my Secretary of Commerce to ad [sic] an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,” Trump wrote on Truth Social. Continue reading...

Politics

4 w. ago Commerce Secretary Lutnick says most tariffs on Canada, Mexico likely to be delayed a month

U.S. Commerce Secretary Howard Lutnick said Thursday in a television interview that President Donald Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos

Politics

4 w. ago Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk

Tariffs are dampening consumer confidence and fears of a downturn seem to be weighing on the dollarBusiness live – latest updatesNo sooner had historic 25% tariffs on imports to the US from Canada and Mexico come into force on Tuesday than the commerce secretary, Howard Lutnick, suggested the policy might be softened. Hours later, Donald Trump told Congress that the tariffs were “protecting the soul of our country”.They say it’s the hope that kills you, but for investors trying to make sense of the Trump administration’s economic policies, it’s the uncertainty. Continue reading...

Politics