Secretary of Commerce Howard Lutnick defended President Trump's tariffs, labeling them crucial for America despite potential recession risks. He described them as part of a negotiating strategy, asserting that the unpredictability would eventually elicit responses from trade partners. Since the announcement of tariffs on February 1, the stock market has reacted negatively, with the Dow down seven percent. Lutnick claimed critics who view the policies as chaotic are mistaken, emphasizing that the advantages will outweigh any economic drawbacks instigated by the current administration's past actions.
These policies are the most important thing America has ever had... it is worth it, Lutnick answered.
Markets are going to learn, let the dealmaker make his deals, Lutnick told CBS Evening News on Tuesday.
When you're negotiating with someone and they're not paying attention... they respond.
The only reason there could possibly be a recession is because of the Biden nonsense that we had to live with.
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