"Commerce Secretary Lutnick Spearheads Trump's America First Trade Agenda"
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"Commerce Secretary Lutnick Spearheads Trump's America First Trade Agenda"
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On Sunday, Secretary Lutnick spoke positively about the White House's progress in trade negotiations with China. During an interview on CNN's "State of the Union" with Dana Bash, he expressed optimism about the talks taking place in Switzerland, saying "things feel really good," though he avoided sharing specific details about the discussions, preferring to leave that to the trade team.
In the same interview, Lutnick dismissed concerns about inflation resulting from President Trump's extensive tariffs. He argued that businesses and foreign countries—not American consumers—would bear the costs of these tariffs. "What happens is the businesses and the countries primarily absorb the tariff," Lutnick explained, referencing the 25 percent tariffs established during Trump's first term. He urged Americans not to believe claims that consumers would pay the price, stating, "Don't buy into the misguided arguments that the U.S. consumer is the one paying."
Tensions between the United States and Canada have also escalated recently, with Lutnick referring to Canada as a "socialist regime" amid rising trade disputes. The 63-year-old Commerce Secretary, who plays a central role in Trump's tariff-heavy economic policies, has accused Canada of benefiting unfairly from its proximity to the US. He has questioned why American companies continue to manufacture vehicles and produce films in Canada, suggesting these activities should be moved back to American soil.
In April, Lutnick announced that tariff exemptions for a range of electronic devices would be temporary, indicating that new duties would eventually apply to these products as well. This aligns with the administration's broader strategy to encourage domestic manufacturing.
The Commerce Secretary has also been active in promoting American investment. He recently announced the latest speaker lineup for the 2025 SelectUSA Investment Summit, which will feature CEOs from leading companies, U.S. Cabinet Members, Senior Administration Officials, and newly confirmed U.S. Governors.
Regarding the future of American manufacturing, Lutnick has described a "new model" of factory jobs that would provide lifetime employment opportunities across generations. This vision supports the administration's focus on revitalizing domestic industry and creating stable, long-term employment for American workers.
With a net worth of approximately $3.1 billion as of 2025, Lutnick brings significant business experience to his role as he continues to advance President Trump's America First trade agenda while navigating complex international relationships.