The secretary of the United States Commerce Howard Lutnick breaks the reasoning behind a plethora of charges, reacts to industrial criticisms and divulges the ultimate purpose for the negotiation ways of President Donald Trump.
President Donald Trump says that the United States are concerned in “silly commerce”, not “free commerce”.
Trump made the statement on his social account of fact on Thursday after threatening to impose a 200% fee on alcoholic merchandise from France and different European international locations, exacerbating the industrial struggle among the many US allies.
“The United States don’t have any free commerce. We have a” silly commerce “. The entire world is tearing us out !!!” Trump has written.
An hour earlier than that message, Trump mentioned that “the European Union, probably the most hostile and offensive tax authorities and tariff authorities on the earth, which was shaped for the only goal of profiting from the United States, has simply put a nasty fee of fifty% on whiskey.
Trump says that the Ireland tax system has attracted the US drug, threatens to accentuate the EU industrial struggle
President Donald Trump crosses the South garden to board Marine One on the White House on March 7, 2025 in Washington, DC (Kayla Bartkowski / Getty Images / Getty Images)
“If this fee just isn’t eliminated instantly, the United States will quickly put a 200% fee on all wines, champagne and alcoholic merchandise that may go away France and in different international locations represented within the EU. This will probably be wonderful for wine and champagne actions within the United States,” he added.
French Minister of Commerce Laurent Saint-Martin replied to Trump on Thursday, stating that the nation will shield its industries.
The Secretary of Commerce Howard Lutnick defends Trump charges in opposition to recession fears
The United States Secretary of Commerce Howard Lutnick mentioned “nothing” will cease the sport of Trump charges on “Varney & Co.” on Wednesday. (Samuel Corm/Sipa/Bloomberg through Getty Images/Getty Images)
Trump “is launching the escalation within the industrial struggle he has chosen to begin,” Saint-Martin mentioned in a X submit that was translated into English. “France stays decided to reply with the European Commission and our companions.”
The Trump administration was additionally engaged in charges backwards and forwards with Canada this week, a rustic that the president described as “one of many highest tariff nations anyplace on the earth”.
President Donald Trump speaks with the media members on the South garden earlier than boarding Marine One at Washington’s White House, DC on February twenty eighth. (Reuters / Nathan Howard / Reuters)
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Canada has introduced $ 21 billion in further charges in opposition to the United States on Wednesday after the brand new 25% Trump charges on metal and aluminum have entered into power.
Daniella Genovese of Fox Business has contributed to this relationship.
