Commerce Secretary Howard Lutnick Says No Chance Trump Backs Off On Global Tariffs
HuffPost
But he also said there could be room to negotiate, echoing the president's assertions about the U.S. being exploited by trading partners.
As stocks continued to tumble in the wake of President Donald Trump’s sweeping new tariffs, Commerce Secretary Howard Lutnick told CNN’s Pamela Brown there is little chance the administration reconsiders its already widely condemned trade policy.
“I don’t think there’s any chance they’re going to — that President Trump’s going to back off his tariffs. This is the reordering of global trade, right? That’s what’s going to happen,” Lutnick said.
Pressed for more, he conceded that negotiations between the U.S. and individual nations were not out of the question.
“I want to just be very clear here,” Brown told the commerce secretary, “Because allies and adversaries alike are looking at everything you’re saying right now about whether there’s room to negotiate on these tariffs before they announce what they’re going to do.”
“What I hear from you is that there isn’t room for negotiation. Is that right?” she asked.
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