Commerce Secretary Howard Lutnick said Sunday that the Trump administration's threatened 25% tariffs on steel and aluminum imports will start Wednesday and tariffs on Canadian dairy and lumber products will go into effect on April 2.
Kevin Hassett, the Trump administration’s national economic council director, said the United States has not launched a trade war with Mexico and Canada, but launched “a drug war.” Hassett joined
CNN’s “State of the Union” — Adam Boehler, the special presidential envoy for hostage affairs; Sens. Rick Scott, R-Fla., and Andy Kim, D-N.J.; Reps. Tony Gonzales, R-Texas, and Jake Auchincloss, D-Mass.
President Trump’s top economic aide on Friday said the country is not heading toward a recession and defended the commander-in-chief’s tariffs against the U.S.’s biggest trading partners.
U.S. President Donald Trump will not let up pressure on tariffson Mexico, Canada and China related to their handling of fentanyl, Commerce Secretary Howard Lutnick said on Sunday, despite recent holds put on announced tariff measures.
Donald Trump did not rule out a 2025 recession, citing a "transition period." His tariffs have caused market uncertainty. Officials deny a downturn, but mixed economic indicators and policy shifts have raised concerns among businesses and investors.