Commerce Secretary Howard Lutnick, who was in the Oval Office for last week's disastrous meeting with Ukraine's President Volodymyr Zelensky, sought to set the record straight about the motivations of President Donald Trump and Vice President JD Vance.
Commerce Secretary Howard Lutnick joins CNBC's 'Squawk on the Street' to discuss President Trump's trade agenda.
On Sunday, President Trump announced his plans for a U.S. “crypto strategic reserve,” stating that he’d make the country the “Crypto Capital of the World.” But a closer look reveals the reserve may be nothing but a blatant insider trading scam to make his billionaire crypto czar richer—funded by taxpayer money.
The president's announcement clashes with his previous comments claiming the sweeping tariffs would be enforced without exclusions, exemptions or further delays.
The stock market dropped sharply in recent days as investors worried about the effects of new tariffs on Canada and Mexico by President Trump.
Commerce Secretary Howard Lutnick emphatically rejected the risks of a recession even as markets slide — and said America’s biggest trading partners could easily avoid Trump’s twice-delayed tariffs. Lutnick, 63, was asked if he was worried about the US sliding into recession Sunday on NBC’s “Meet the Press” — and gave an unequivocal answer.
Commerce Secretary Howard Lutnick offered some information about a new Trump administration project to sell "gold/green cards" for $5 million dollars, which would entitle wealthy foreigners to buy legal status and eventually citizenship in the U.
This game of chicken has to stop,” he told me, noting that he’s already trying to reduce his exposure to the U.S. as much as he can, regardless of whether there’s yet another last-minute reprieve on tariffs.
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.