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The Latest Breaking News from Howard Lutnick

FTSE 100 falls short of record closing high; US-China trade talks ‘going well’ as meeting resumes – as it happened

Rolling coverage of the latest economic and financial news, including latest UK labour market report

The Guardian - UK

Trump sends Bessent and Lutnick to haggle with Chinese on tariff war after Xi chat

News of the talks comes a day after Trump spoke with Chinese leader Xi Jinping

The Independent UK

A banana a day to keep the tariffs away? Howard Lutnick mocked during congressional hearing over plan to make more products in America

‘We cannot build bananas in America,’ commerce secretary reminded in surreal exchange at House hearing on Donald Trump’s tariff policy

The Independent UK

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Elon Musk says Trump tariffs will trigger recession this year, Tesla shares tumble

The recession comment came amid an ugly social media spat between the one-time friends.

Fortune

Milton Friedman Disproved Trump's Argument for Tariffs Decades Ago

In a 1978 appearance at Utah State University, the Nobel Prize–winning economist provided the perfect retort to those who blindly argue we should "build in America."

Reason

From Silicon Valley to the Pentagon: Big AI is going full Beltway

In Washington’s new AI universe, national security and corporate AI ambitions are fusing—reshaping policy, procurement, and the global balance of power.

Fortune

Trump admin renegotiating Chips Act contracts, needles China over lowly advanced chip output

U.S. Commerce Secretary Howard Lutnick tells the U.S. Senate that the White House is renegotiating with CHIPS Act recipients, hoping to get more investments from recipients.

Tom’s Hardware

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Trump Official Insisting 'You Can't Fight a War Without' American-Made Steel Sparks Fears of Potential War: 'What War Are They Planning?'

Social media users shared dread online after a Trump official insisted that steel needs to be produced locally in order for the U.S. to be able to fight a war.

Latin Times

Trump Official Vows 'Tariffs Are Not Going Away' Despite Federal Court Blocking Trump's Trade Threats

Despite federal court rulings blocking key trade measures, the Trump administration says tariffs will remain a core tool of its economic policy.

Latin Times

Kathy Hochul deputy announces decision to challenge her in New York governor’s race – as it happened

Antonio Delgado announces run for governor and sets up Democratic primary battle for 2026 election

The Guardian - US

Volkswagen in direct talks with US government regarding tariff deal

German carmakers such as Mercedes-Benz and BMW are also reportedly trying to negotiate tariffs directly with the US Secretary of Commerce, Howard Lutnick.

Euronews

Volkswagen to make ‘massive’ investment in US in bid to avoid tariffs

CEO of Europe’s largest industrial group says he has been in direct talks with Donald Trump’s administration

The Guardian - UK

70% of small businesses say tariffs are already increasing costs, despite Trump’s team assurances they are not

A recent HSBC survey found that over 70 percent of US small and mid-sized businesses are facing higher costs due to tariffs.

The Independent UK

US official claims Trump tariffs brought China to table and halted India-Pakistan conflict

Howard Lutnick claims president offered South Asian nations trading access to US to avert full-scale war

The Independent UK

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Euronews

EU tariff offer still on the table, says EU Commission

Despite pressure over the weekend from the US, the EU said its offer on tariffs remains in play.

Evening Standard

Harris urges US against tariff hikes on pharma and microchip sectors

The Irish deputy premier has written to US Secretary for Commerce Howard Lutnick on two sectors that are key to Ireland’s economy.

Latin Times

Trump Official Insists 'There Is No Pain' From Tariffs. His Audience Immediately Calls Him Out

Billionaire-turned-Commerce Secretary Howard Lutnick repeatedly claimed Americans aren't feeling the impact of Trump's tariffs until audience members pushed back at an Axios event Wednesday.

The Independent UK

Apple has had few incentives in the past to start making iPhones in US

Unhappy that Apple intends to source nearly all of its U.S. iPhones from India, President Donald Trump on Friday threatened a 25% tariff on the popular device unless the tech giant moves production to the United States

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The Independent UK

Trump’s $5m ‘gold card’ visa set to launch in the coming days to help fast track rich immigrants

President Donald Trump’s website for the ‘gold card’ visa will soon launch so wealthy immigrants can register their interest in the program

Reason

Gary Winslett: The American Dream Has Migrated South

Middlebury professor Gary Winslett argues the South—not China—poached the Rust Belt’s manufacturing base by out-competing it on policy.

The Independent UK

Howard Lutnick says Trump’s tariffs won’t raise prices (despite Walmart, Nike and others saying they are)

‘I would expect that prices in America will be unaffected,’ Commerce Secretary says

Euronews

EU standards on food are 'not up for negotiation', EU Trade Commissioner Šefčovič tells Euronews

In an interview with Euronews, Maroš Šefčovič has called for a fair and balanced deal with the United States amid a framework of tariff negotiations.

International Business Times UK

Khanna Criticises Trump-Backed AI Project to Open Data Center in Dubai, OpenAI Set to Assist

Ro Khanna criticises Trump's UAE AI data centre deal, suggesting it should be in the US. OpenAI may assist the UAE in a massive Dubai data centre, potentially the world's largest.

The Independent UK

Revealed: How much the US-UK trade deal will save UK economy from Trump tariffs

Exclusive: The UK’s new trade deal could cut the economic damage from US tariffs in half

Laptop

Acer responds to tariff question about new Aspire laptops

Six new Acer Aspire AI laptops debuted Friday, but their future in the U.S. is uncertain because of tariffs and other factors.

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