Howard Lutnick, Trump's pick for U.S. commerce secretary, said tariffs will 'create reciprocity, fairness and respect' for the U.S. and will not be inflationary for Americans.
to create “fairness” and denied they will be inflationary, while also hinting at a looming fight with Canada over
“It’s not a tariff, per se, it is an action of domestic policy. … As far as I know, they are acting swiftly, and if they execute it there will be no tariff.” “Canada’s border is strong, and we’re making it even stronger,” he told reporters in Ottawa, pointing to a number of police actions that have disrupted fentanyl labs, money laundering and human smuggling operations within Canada in recent weeks.
Asked if he can commit to Americans that prices won’t go up due to tariffs, Lutnick said he would wait for those studies to be concluded, but said his tariff approach would lead to a “much, much better” American economy. “We are treated horribly by the global trading environment. They all have higher tariffs, non-tariff trade barriers and subsidies. They treat us poorly.”
“I’m going to work hard to make sure, as an example for your dairy farmers, they do much, much better in Canada than they’ve ever done before.”The U.S. managed to secure new measures for improved access to Canada’s dairy market under CUSMA, including lower tariffs for certain American products.
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