Inside Trade

February 14, 2025

Trump’s Commerce pick tells senators he favors across-the-board tariffs

By Jason Asenso  / January 29, 2025 at 5:55 PM
President Trump’s pick to lead the Commerce Department prefers across-the-board tariffs over targeted duties, he told the Senate Commerce Committee on Wednesday during a confirmation hearing that featured a lot of discussion, but few specifics, on trade policy. Howard Lutnick, president and CEO of the investment firm Cantor Fitzgerald, is a fervent supporter of Trump’s tariff plans, which include a proposed 10 percent blanket rate. Trump tapped Lutnick , a campaign and transition adviser, to lead Commerce last November, saying...

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