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News in English (USA) / 07.04.2025 / 08:00

Commerce Secretary Lutnick Reaffirms Stance on Tariffs Amid Market Turmoil

In recent statements, U.S. Commerce Secretary Howard Lutnick has firmly maintained that the current tariff policies will remain in effect for an extended period, despite mounting pressure and a significant sell-off in the markets. While asserting that tariffs are necessary to reset trade dynamics and spur a manufacturing renaissance in America, Lutnick acknowledged that U.S. workers may not see immediate benefits from new factories tied to this tariff strategy. He emphasized the need for foreign nations to examine their trade policies and allow more U.S. products into their markets to mitigate tariff impacts. Amid claims from President Trump that the stock market will recover and thrive, Lutnick stated that there will be no delays in the implementation of tariffs, insisting that the administration is committed to a long-term strategy aimed at reshaping global trade relationships.
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