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101 - The Secretary of Commerce

101 - The Secretary of Commerce

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 This is your What does the US Secretary of Commerce do, a 101 podcast.

Discover the dynamic world of U.S. commerce leadership with "Secretary of Commerce Living Biography," a captivating biographical podcast offering regularly updated episodes. Dive deep into the lives and legacies of those who have shaped economic policy and trade. Each episode provides insightful stories, exploring the challenges and triumphs faced by the Secretaries of Commerce. Perfect for history buffs, policy enthusiasts, and anyone curious about the evolution of American commerce. Tune in to stay informed and inspired.

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  • "Commerce Secretary Lutnick Spearheads Trump's America First Trade Agenda"

    "Commerce Secretary Lutnick Spearheads Trump's America First Trade Agenda"
    2025/05/29
    Howard Lutnick, the 41st United States Secretary of Commerce, has been at the center of several major developments in recent days, particularly regarding trade policies and international relations.

    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.
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    3 分
  • Billionaire Commerce Secretary Lutnick Boasts Confident Stance on Tariffs and Trade Deals Ahead of Summer Deadline

    Billionaire Commerce Secretary Lutnick Boasts Confident Stance on Tariffs and Trade Deals Ahead of Summer Deadline
    2025/05/27
    U.S. Secretary of Commerce Howard Lutnick has been making headlines this past week with his confident stance on trade negotiations and tariffs. The billionaire Wall Street executive turned cabinet member has been at the forefront of the Trump administration's aggressive trade strategy.

    In a recent interview with Axios on May 22, 2025, Lutnick expressed optimism that the U.S. will secure numerous trade deals by mid-summer. He predicted that by July 8, when the current tariff pause ends, the administration will have established clear trade parameters with most of the country's 18 key trading partners.

    Despite concerns from major retailers like Walmart about price increases due to tariffs, Lutnick remains steadfast in his position that American consumers won't feel the impact. "The president has to stand strong, and you can't fix things in a day," Lutnick stated, adding that he expects prices in America to remain unaffected. This comes days after he dismissed what he called "silly arguments" that tariffs raise consumer prices.

    In a CNN interview on May 11, Lutnick further elaborated on his position, claiming that businesses and foreign nations—not American households—would bear the costs of tariffs. "What happens is the businesses and the countries primarily absorb the tariff," he explained, urging Americans not to "buy into the misguided arguments that the U.S. consumer is the one paying."

    Lutnick has also been actively involved in trade negotiations with China. Following discussions in Switzerland, he expressed optimism about the progress, stating that "things feel really good," though he avoided sharing specific details about the talks. He conveyed confidence that President Trump and President Xi of China would ultimately reach a positive resolution.

    The Commerce Secretary has been making waves in international relations as well, particularly with Canada. Earlier this month, on May 7, Lutnick referred to Canada as a "socialist regime" that benefits unfairly from its proximity to the U.S. He questioned why American companies continue manufacturing vehicles and producing films in Canada, suggesting these activities should return to American soil.

    Beyond international trade, Lutnick is reshaping domestic programs within the Commerce Department. He recently announced plans to revamp the Tech Hubs program to prioritize national security and project quality. Additionally, he's preparing for the 2025 SelectUSA Investment Summit, which will feature CEOs from leading companies, Cabinet members, and governors.

    With a reported net worth of $3.2 billion as of 2025, Lutnick continues to be one of the most vocal defenders of the administration's tariff-heavy economic policies, consistently advocating for the protection of American manufacturing, agriculture, and technology industries against what he perceives as unfair global competition.
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    3 分
  • Commerce Secretary Lutnick Defends Trump's Protectionist Trade Agenda, Promotes Investor Visa Program

    Commerce Secretary Lutnick Defends Trump's Protectionist Trade Agenda, Promotes Investor Visa Program
    2025/05/25
    In recent days, Howard Lutnick, the current Secretary of Commerce, has made headlines for his bold policy decisions and sharp rhetoric, underscoring his central role in the Trump administration’s economic agenda. Lutnick has been vocal in defending the administration’s aggressive trade stance, especially regarding tariffs on foreign goods. He recently dismissed concerns over potential price increases stemming from the White House’s tariff negotiations with China, asserting that businesses and foreign competitors, not American consumers, would absorb the costs. He emphasized that these tariffs, many of which date back to President Trump’s first term, have not led to significant domestic complaints, pushing back against critics who argue that consumers ultimately bear the brunt through higher prices.

    Lutnick’s stance has also extended to America’s relationship with Canada, which has become increasingly strained. Earlier this month, he labeled Canada a “socialist regime” and accused it of being economically dependent on U.S. industries, insisting that American companies should move their manufacturing operations back to the United States. These comments came amid ongoing disputes over retaliatory tariffs and reflected the administration’s broader America First policy. Despite the combative rhetoric, Canadian officials have indicated that while they reject Lutnick’s characterization, they remain committed to dialogue.

    Another major initiative unveiled by Lutnick is the rollout of the “gold card” visa program, a new strand of the EB-5 immigrant investor path. Speaking at a conference, Lutnick disclosed that the website for the program, “trumpcard.gov,” will go live within a week, allowing interested parties to register for a visa by making a $5 million investment. The program aims to attract significant foreign capital, and the Secretary recounted a recent trip in the Middle East where he actively promoted the cards, suggesting robust international interest.

    In addition, the Commerce Department under Lutnick’s direction is revamping the Tech Hubs program to focus more sharply on national security and the quality of projects, signaling an intent to align innovation policy with broader strategic interests. This fits with his influence on policies related to emerging technologies, such as artificial intelligence and crypto regulation, which have significant ramifications for U.S. competitiveness and global trade relationships.

    Lutnick has also been active in promoting U.S. investment, recently announcing the lineup for the 2025 SelectUSA Investment Summit. The event is set to include high-profile CEOs, cabinet members, and governors, reflecting a concerted effort to make the U.S. an attractive destination for global capital.

    Throughout recent interviews and public appearances, Lutnick has remained steadfast in his support for the current administration’s vision of resetting global trade to favor American manufacturers and workers, highlighting a break from past policies. He has made it clear that the administration’s approach is unapologetically protectionist, and he has shown little inclination toward negotiating away tariffs or making concessions unless strategically necessary. This approach continues to generate both support and criticism, as the U.S. navigates a complex global economic environment.
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    4 分

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