Setting the record straight around seemingly constant tariff debates in the political and economic spheres, President Donald Trump’s commerce secretary quelled any recession fears and explained how the tariff agenda is “playing for the strength of America.”
“The president is here to protect American workers. He’s here to protect American industry. We’re going to stop that nonsense and bring steel here,” Howard Lutnick said Wednesday on “Varney & Co.”
“So this concept that, ‘Oh, prices are going to rise,’ you got to remember, President Trump is playing for the strength of America,” he continued.
After taking action against Mexico, Canada and China, Trump’s 25% tariff increase on all steel and aluminum imports officially took effect on Wednesday, the latest move in the administration’s plans to reshape global trade norms in favor of U.S. manufacturing.
