Trump commerce nominee says Canada, Mexico can avoid tariffs, vows stronger China tech curbs

Science and Technology Science and Technology

Thu, January 30, 2025

[ Thu, Jan 30th ] - Forbes

Samsung Reveals Ground-Breaking Blood Glucose Monitoring To Outdo Apple Watch

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Trump Media expands into fintech, launching Truth.Fi brand

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[ Thu, Jan 30th ] - Forbes

U.K. FTSE 100: Good News, The Fire Sale Is Underway

[ Thu, Jan 30th ] - Forbes

The Hundred Sells Out To Boost Profile And English Cricket's Future

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Will Rhi and Jeff's past get in the way of their future on Married At First Sight Australia 2025?

[ Thu, Jan 30th ] - Reuters

Global car industry in firing line of Trump's tariff threats vs Mexico, Canada

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[ Thu, Jan 30th ] - Yahoo

The ultimate gift guide to next-gen tech

[ Thu, Jan 30th ] - Nature

How China created AI model DeepSeek and shocked the world

[ Thu, Jan 30th ] - Reuters

India's central bank files bankruptcy application against Aviom India Housing Finance

[ Thu, Jan 30th ] - MSN

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2 hours a day for 22 years: Sonu Sood's fitness secret

[ Thu, Jan 30th ] - NDTV

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Christian Horner's early F1 2025 prediction amid 'box office' Lewis Hamilton move

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What Happened to Ken Flores? Stand-up Comedian Passes Away

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EU Commission aims to simplify its way to future growth

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[ Wed, Jan 29th ] - Reuters

Trump commerce nominee says Canada, Mexico can avoid tariffs, vows stronger China tech curbs

^{Published on 2025-01-29 21:42:25 - Reuters}

President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid looming U.S. tariffs if they act swiftly to close their borders to fentanyl,

The article from Reuters discusses Donald Trump's potential pick for Commerce Secretary, Howard Lutnick, who has expressed a preference for implementing across-the-board tariffs if Trump wins the 2024 presidential election. Lutnick, the CEO of Cantor Fitzgerald, suggested that these tariffs could be set at 10% on all imports, aiming to simplify trade policy and potentially fund tax cuts. This approach would mark a significant shift in U.S. trade policy, moving away from targeted tariffs on specific countries or products to a more universal application. The article also notes that Trump's previous administration had already utilized tariffs extensively, particularly against China, leading to trade tensions. However, the idea of broad tariffs could face opposition due to potential increases in consumer prices and retaliatory measures from trading partners.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/us/trump-commerce-chief-pick-lutnick-says-he-prefers-across-the-board-tariffs-by-2025-01-29/ ]

N@N

Trump commerce nominee says Canada, Mexico can avoid tariffs, vows stronger China tech curbs