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The Latest Breaking News from Howard Lutnick

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

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

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

Kiplinger

Americans increasingly worried about tariffs despite Trump’s assurances, new poll shows

Exclusive: 90% of Democrats, 57% of Republicans are worried about tariffs, with similar concerns about recession

The Guardian - US

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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

Howard Lutnick Doesn't Get To Decide What You Buy

There is no "royal we" in the marketplace.

Reason

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

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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

How much corruption can MAGA stomach?

Autocracy? Oligarchy? Kakistocracy? No, Trump's Mad King behavior is a hallmark of patrimonialism

Salon

These Are Some Iconic Companies That Could Be The Affected By Trump's 200% Tariffs on Alcohol From The E.U.

Trump threatened Thursday to impose 200% tariffs on alcohol from the E.U. in response to the region's retaliatory 50% tariffs on U.S. whiskey.

Latin Times

Seth Meyers on Trump’s Tesla photo-op: ‘This is how oligarchy works’

Late-night hosts discuss Trump shilling Teslas with Elon Musk and his dismantling of the Department of Education

The Guardian - US

What is a recession, and how can you prepare for one?

One way to prepare for a recession is by beefing up your savings account, experts say

The Independent UK

Business execs are calling up Susie Wiles in panic over Trump’s mixed messages on tariffs

White House chief of staff said to be fielding calls from chief executives and lobbyists seeking clarity on the president’s policies

The Independent UK

OPINION - Donald Trump vs Wall Street is the showdown of the century

The President's aggressive tariff strategy is causing economic uncertainty and impacting the stock market

Evening Standard

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Roll Call

Trump's $5 million 'gold card' visa plan likely needs Congress - Roll Call

Immigration policy experts and some Republican lawmakers cast doubt that a president could unilaterally implement a $5 million 'gold card.'

The Texas Tribune

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 Independent UK

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

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

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The Independent UK

Canada backs down on 25% charge for electricity exports hours after Trump threatens new tariff for steel

Ford initially announced a surcharge on electricity exports on Monday in response to Trump’s tariffs on Canada

Roll Call

As Trump ups trade war, Canada tariffs could hit consumers in unexpected ways - Roll Call

President Trump on Tuesday ramped up his trade war with Canada as one Democratic senator offered an unexpected tariff side effect.

Al Jazeera

Why Trump’s tariff chaos sparked stock market meltdown and recession fears

Donald Trump has downplayed the stock market volatility which followed flip-flops over his trade policies.

The Guardian - US

Global stock markets register heavy falls as White House tries to talk up Trump tariffs

Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020

Al Jazeera

Trump declines to rule out US recession as tariffs spook investors

US president says economy is in a “period of transition” amid uncertainty over his trade policies.

The Guardian - US

‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs

President downplays recent stock market volatility that followed his ducking and weaving over tariff policy

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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