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The Latest Breaking News from Commerce

Elaine Chao: ‘What you all want is certainty and you’re not going to get it’

Also: Tesla bulls turn on Elon, Europe’s busiest airport was closed by a huge fire.

Fortune

Commerce secretary begs Fox News viewers to buy Tesla stock in bizarre interview

Secretary of commerce boasted that Elon Musk was ‘the best’ entrepreneur and technologist and encouraged people to buy Tesla stock while the price is low

The Independent UK

Howard Lutnick Joins Growing List of Trump Allies Pushing Teslas: 'It's Unbelievable That Stock Is This Cheap'

Commerce Secretary Howard Lutnick took to Fox News to promote Tesla, urging voters to buy the car and the company's stock: "it'll never be this cheap again." He's not the only Trump ally to do so

Latin Times

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Commerce Secretary Lutnick reportedly told friends in private he's 'not thrilled' with Trump's whipsaw approach to tariffs

Howard Lutnick is reportedly worried Trump’s rhetoric could make it harder to strike a trade deal with Canada and Mexico.

Fortune

Reynolds to make case for UK steel industry on US visit

Jonathan Reynolds will seek to advance ‘pragmatic and positive’ discussions on trade as he meets White House counterparts.

Evening Standard

The economy was always Trump’s strength. Polls show it might be cracking

ANALYSIS: Analysis: Americans voted for Trump because they believed he would lower prices and the cost of living. New surveys show people are losing their faith that he’ll accomplish that

The Independent UK

New Income Tax Proposal Is Progressive and Unworkable

Commerce Secretary Howard Lutnick says the Trump administration wants to eliminate income taxes for those making $150,000 or less—an unprecedented shift with major consequences.

Reason

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Trump’s Latest Pitch: No Taxes If You Earn Less Than $150K?

The Trump administration reportedly wants to eliminate taxes for certain earners.

Kiplinger

Trump to ‘deal with’ TikTok ahead of April deadline, Commerce Secretary vows

ByteDance has until April 5 to either divest from TikTok or see its platform banned from American app stores. It’s hazy if Trump will extend the deadline

The Independent UK

Dollar General CEO makes grim admission amid Trump’s trade war

The CEO of Dollar General has admitted that the chain is “not anticipating improvement” for core customers in 2025, amid President Donald Trump’s ongoing foreign trade wars.

The Independent UK

Commerce Secretary Howard Lutnick blasts Canada for ‘tone deaf’ tariff response and praises the UK and Mexico for not retaliating

Lutnick also criticized Canada because it contributes less to NATO than the U.S.

Fortune

Trump’s commerce secretary desperately spins dire economic forecast on Fox: ‘It’s not that bad!’

‘I've watched your show all along, I don't remember you saying, 'Oh my God!' No, come on! America is awesome!’ Howard Lutnick told Maria Bartiromo on Friday

The Independent UK

Two Texans in Congress defend CHIPS Act in the face of Trump’s criticism

Although the president has said he wants to “get rid of” the act, Rep. Michael McCaul and Sen. John Cornyn say it supports jobs and national security.

The Texas Tribune

Tariffs are ‘worth it’ even if they cause a recession, claims Commerce secretary

Howard Lutnick hails Trump’s tariffs as revenue generators. What he failed to mention is that American consumers pay the extra revenue

The Independent UK

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Latin Times

Ontario Premier Walks Back 25% Electricity Hike For U.S. Exports After Trump's Revenge Tariffs

Ontario Premier Doug Ford said he will suspend its 25% surcharge on electricity exports to three U.S. states after having a conversation with Commerce Secretary Howard Lutnick

The Independent UK

Dave Portnoy claims White House reached out to hire him for Commerce Department job

Portnoy, who has been a consistent and vocal supporter of Trump, made the claim in a video posted on X

Evening Standard

Trump's tariff and cuts chaos 'rattles even Republican-leaning small firm bosses' as US stocks fall

The US president has doubled his planned tariffs on all imports of steel and aluminum products from Canada to 50%

Fortune

Trump has made clear to the cabinet that ‘Elon is your partner,’ Commerce Secretary Howard Lutnick says

Despite reports of ill-tempered exchanges between Elon Musk and cabinet members in a Thursday meeting, Lutnick said that the secretaries still “want his help.”

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The Independent UK

Commerce Secretary Lutnick says most tariffs on Canada, Mexico likely to be delayed a month

U.S. Commerce Secretary Howard Lutnick said Thursday in a television interview that President Donald Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos

International Business Times

$BTC Climbs On News Trump Will Announce Bitcoin Reserve At Crypto Summit

Bitcoin pumped Wednesday night after Commerce chief Howard Lutnick said he is expecting a U.S. strategic Bitcoin reserve to be announced at the first White House crypto summit on Friday.

International Business Times

US Signals Possible Exemptions In Canada, Mexico Tariffs

US Commerce Secretary Howard Lutnick said an announcement on Canada and Mexico tariffs was expected later Wednesday, signaling potential relief for specific sectors such as automobiles, a day after the steep levies took effect.

International Business Times

US Official Says Possible Canada, Mexico Tariff Relief On 'Categories'

Latin Times

Howard Lutnick Seems to Walk Back Trump's Hard Stance of Tariffs And Meet Canada, Mexico 'In Middle Some Way'

U.S. Commerce Secretary Howard Lutnick anticipated the possibility that President Donald Trump will announce a reduction of tariffs on Canada and Mexico

Fortune

Trump may roll back Mexico and Canada tariffs as soon as today

Commerce Secretary Howard Lutnick hinted President Trump is already considering tariff concessions.

Barchart

S&P Futures Climb on Hints of Tariff Compromise, U.S. ADP Jobs Report in Focus

March S&P 500 E-Mini futures (ESH25) are trending up +0.73% this morning, rebounding from yesterday’s losses after U.S. Commerce Secretary Howard Lutnick said the Trump administration might dial down some trade tariffs.

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