Howard Lutnick, the Commerce Secretary nominated by USA President Donald Trump, said he tends to impose comprehensive tariffs on imported Commodities. At the Senate nomination confirmation hearing on Wednesday, Lutnick also stated that he supports applying different tax rates for different countries. "We can use tariffs to create reciprocity, fairness, and respect," he said. Lutnick also refuted the notion that tariffs cause inflation, calling the claim "nonsense." The long-time CEO of Cantor Fitzgerald LP and Trump supporter indicated that if his nomination is confirmed, he would sell all his Assets and business interests. "I will sell all my interests, all my business interests, all my Assets, everything," Lutnick said. "Once confirmed, my business will be sold," he added, stating that he would handle it within 90 days.
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商务部长提名人Lutnick听证会:倾向普征关税
Hearing for Commerce Secretary nominee Lutnick: Prefers universal tariffs.
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