David Faber busted out laughing when co-host Sara Eisen peppered Howard Lutnick over his claim that overseas manufacturers will come back to the United States.

Robert Burgess is the executive editor of Bloomberg Opinion. Previously, he was the global executive editor in charge of financial markets for Bloomberg News.

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.

Commerce Secretary Howard Lutnick addresses skepticism surrounding President Donald Trump's "gold card" visa proposal during an exclusive interview on "Special Report."

Lutnick suggested Trump may be open to striking a deal on some tariff measures and could announce changes as early as Wednesday.

Howard Lutnick's remarks came in response to concerns over whether the spending cuts advocated by Elon Musk's Department of Government Efficiency (DOGE) might lead to a recession.

Ford, GM and Stellantis have been pressing Lutnick to exempt USMCA-compliant vehicles, while the United Auto Workers have pressed the administration to exempt key auto parts from tariffs that could slow auto production. The Detroit Three held a virtual meeting last week with Lutnick to make the case, two sources briefed on the meeting said.