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The Latest Breaking News from Howard Lutnick

Stocks Rally On Tariff Relief Hopes, German Spending Plan

Many stock markets rallied Wednesday, buoyed by Germany's plan to massively boost spending on defence, signals that US President Donald Trump could ease huge tariffs and China's economic targets.

International Business Times

Trump temporarily spares carmakers from US tariffs on Canada and Mexico

After a call with top executives at GM, Ford and Stellantis, president approves one-month exemption from tariffs

The Guardian - US

Trump Tariffs Update: Auto Reprieve, Copper Tariffs Boosts GM, FCX

Trump tariffs won't initially hit autos in compliance with the USMCA

Investors Business Daily

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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

Latin Times

Trump Whiplashes U.S. Auto Stocks With Tariff Exemption

Trump announced Tuesday he wants to make interest payments on car loans tax deductible if the vehicle is made in the U.S.

Investors Business Daily

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

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

Fortune

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.

Barchart

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Businesses scramble to contain fallout from Trump's tariffs on Canada, China and Mexico

A Minnesota farmer worries about the price of fertilizer

The Independent UK

Census Bureau under Trump cuts loose expert advisors who work for free

The U.S. Census Bureau has eliminated outside advisory committees of demographers, statisticians and advocacy group leaders who provided technical guidance and expertise

The Independent UK

‘This game of chicken has to stop’

Also: Buffett and Bessent disagree on tariffs, Chipotle CEO will try not to increase prices after tariffs.

Fortune

Last year, GDP expanded by 2.8% and the private sector added 1.5 million jobs—but Trump’s Treasury secretary claims that growth was ‘brittle underneath'

Scott Bessent said the private sector “has been in a recession.”

Fortune

Trump purge hits Chips Act office, two-fifths of staff to be terminated: Report

Two-fifths of the staff of the U.S. Chips Program Office are to be terminated, with 60 employees leaving today.

Tom’s Hardware

President Trump Supports Ukrainian President Zelensky Amid Political Tensions

President Trump supports Ukrainian President Zelensky and prioritizes peace and diplomacy in the region, as confirmed by Secretary of Commerce Howard Lutnick.

Top News

Commerce Secretary Lutnick Pushes For 'Transparent' GDP Calculation By Removing Government Spending

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.

International Business Times

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Fortune

Trump is still mulling over new Canada and Mexico tariffs with deadline looming, Howard Lutnick says

Secretary Lutnick hedged his bets about the economic sanctions being leveled against Canada and Mexico from tomorrow—and refused to rule out a 25% import duty.

The Guardian - US

Aid to Kyiv being reviewed to ensure country is ‘committed’ to goal of peace deal – as it happened

This live coverage has ended. You can find all of the latest US politics stories here.

The Guardian - US

Trump administration briefing: Israeli hostage to visit White House; Russia admires US foreign policy

Eli Sharabi expected to meet Donald Trump on Tuesday; Kremlin says US views now ‘largely’ coincide with Moscow’s own foreign policy vision – key US politics stories from Sunday at a glance

The Independent UK

The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product

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The Guardian - US

‘Cruel and thoughtless’: Trump fires hundreds at US climate agency Noaa

Employees received emails saying their jobs would be cut off at end of day in move called ‘wrong all around’

The Independent UK

Trump’s Commerce Secretary claims 250K are already waiting for gold cards - but there is nowhere to sign-up

Gold card program would begin in roughly two weeks

Dynamite News

Trump to impose tariffs on Mexico, Canada

US President Donald Trump said on Wednesday at his first Cabinet meeting that the drop in illegal border crossings into the United States since he took office is "not stopping. Read further on Dynamite News:

Al Jazeera

Key takeaways from Donald Trump’s first cabinet meeting with Elon Musk

Musk defended DOGE attempts to fire federal employees, while Trump said Russia would have to make concessions for peace.

The Independent UK

RFK Jr looks less than thrilled to see Trump hawking merchandise in the Oval Office

From the Oval Office, the president advertised new hats that read: ‘TRUMP WAS RIGHT ABOUT EVERYTHING!’

Roll Call

Senate confirms Greer to be the US trade representative - Roll Call

The Senate confirmed Jamieson Greer to be U.S. trade representative, a post that will initially require him to examine case-by-case tariffs.

Top News

Trump Proposes 'Gold Card' Visa For Wealthy Investors

President Trump introduces 'Trump Gold Card' visa program to replace EB-5 investor visa, targeting wealthy individuals for citizenship through investment.

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