Commerce Secretary Lutnick Defends Trump's Protectionist Trade Agenda, Promotes Investor Visa Program

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Commerce Secretary Lutnick Defends Trump's Protectionist Trade Agenda, Promotes Investor Visa Program

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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.