At his Senate confirmation hearing, Howard Lutnick, President Trump's nominee for the commerce department, emphasized the necessity for Canada and Mexico to seal their borders against fentanyl trafficking to avert upcoming tariffs. He outlined a broad strategy for tariffs aimed at restoring reciprocity in US trade relationships and emphasized curbing China's technological advancements, particularly in AI. His advocacy includes a potential universal tariff of 10% on imports, reflecting Trump's trade vision of demanding fair treatment from international trading partners, especially those like China and the EU.
Lutnick emphasized that Canada and Mexico can evade proposed tariffs by promptly addressing fentanyl trafficking, a directive aimed at urging swift cooperative action.
Lutnick expressed his intent to enhance US control over technology exports to China, particularly in the field of artificial intelligence, asserting the necessity for stronger measures.
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