Billionaire Investor, Mark Cuban commented on Commerce Secretary, Howard Lutnick‘s beliefs that the tariffs and President Donald Trump‘s trade war would benefit the U.S. manufacturing sector. What Happened: Replying to a thread on the BlueSky Social on Sunday,
Commerce Secretary Howard Lutnick said President Donald Trump will “meet in the middle” with Mexico and Canada after 25% tariffs on America’s continental neighbors went into effect Tuesday. Lutnick to
China has moved quickly to strike back against Trump's latest tariff plans. The Chinese governments on Tuesday announced retaliatory tariffs on some U.S. goods of up to 15%, starting on March 10, as well as new export controls.
The levies, ordered by U.S. President Donald Trump in February, include imports from Canada and Mexico — which are among the top foreign suppliers — and apply to finished metal products, too. U.S. steelmakers have urged Trump to resist exemptions to the tariffs, which risk hitting U.S. companies that use aluminum and steel.
The levies, ordered by President Donald Trump in February, include imports from Canada and Mexico — which are among the top foreign suppliers — and apply to finished metal products, too. US steelmakers have urged Trump to resist exemptions to the tariffs, which risk hitting US companies that use aluminum and steel.
US tariffs of 25% on imports of steel and aluminium will take effect as scheduled on Wednesday, US commerce secretary Howard Lutnick said.