Howard Lutnick
Trump hails ‘positive’ step in U.S.-EU trade negotiations as markets hope for a deal
U.S. President Donald Trump gives a speech, during the commencement ceremony at West Point Military Academy in West Point, New York, U.S., May 24, 2025. Nathan Howard | Reuters U.S. President Donald Trump said Tuesday he was monitoring “positive” steps in trade talks with the European Union, after he agreed to delay a 50% tariff on […]
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Lutnick says 10% baseline tariff will stick around for “foreseeable future”
U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. Carlos Barria | Reuters Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from […]
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Trump belittles Canada before Carney meeting: ‘We don’t need ANYTHING they have’
President Donald Trump on Tuesday sharply questioned the United States’ trade relationship with Canada just minutes before he was scheduled to meet Canadian Prime Minister Mark Carney at the White House. Trump said on Truth Social that he was looking forward to meeting and working with Carney, but that he “cannot understand” why the U.S. […]
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Trump announces 100% tariff for movies produced outside U.S.
The Hollywood sign in Los Angeles on Jan. 22, 2024 Mario Tama | Getty Images News | Getty Images U.S. President Donald Trump announced Sunday a 100% tariff on movies produced outside of the United States, saying the U.S. movie industry was dying a “very fast death” due to the incentives that other countries were offering to draw American filmmakers. “This […]
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Tether eyes U.S. expansion with new stablecoin as CEO courts Washington crypto players
DUBAI, United Arab Emirates — Tether, the world’s largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation. In an interview with CNBC this week, Tether CEO Paolo Ardoino revealed that the company is working on plans […]
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U.S. Chamber of Commerce asks Trump for tariff exclusions to ‘stave off a recession’
The U.S. Chamber of Commerce is urging the Trump administration to immediately implement a “tariff exclusion process” in order to keep the U.S. economy from falling into a recession and inflicting “irreparable harm” on small businesses. In a letter first obtained by CNBC, the massive business lobbying group asked key Trump trade officials to automatically […]
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U.S. announces probe into chip, electronics imports, paving the way for new tariffs
William_potter | Istock | Getty Images The U.S. Commerce Department is conducting a national security investigation into imports of semiconductor technology and related downstream products, according to a Federal Register notice put online Monday. The official document — which calls for public comments on the investigation — further confirms that chips and the electronics supply […]
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Stock futures rise after a wild week as traders weigh surprise China tariff exemption: Live updates
Traders work on the floor of the New York Stock Exchange on April 10, 2025 in New York City. Spencer Platt | Getty Images Stock futures rose on Sunday as Wall Street looks to gauge President Donald Trump’s latest tariff moves. S&P 500 futures gained 0.5%, while Nasdaq-100 futures moved 0.8% higher. Futures tied to […]
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Trump announces 90-day tariff pause for at least some countries
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images President Donald Trump on Wednesday announced a 90-day pause on the full effect of his new tariffs for at least some […]
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Trump’s tariff chaos puts White House on defense as global markets tumble: Live updates
Trump touts drop in oil prices, driven by recession fears, as a victory Trump is touting the steep drop in oil prices — driven by fears of reduced demand in the increasingly likely event of a recession — as a policy win. “Oil prices are down, interest rates are down (the slow moving Fed should […]
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