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The Latest Breaking News from Howard Lutnick

Michael Grimes, Star Banker Behind Musk's Twitter Buyout, To Lead Sovereign Wealth Fund: Reports

Michael Grimes has reportedly been recruited to lead the sovereign wealth fund being pushed by U.S. President Donald Trump – he is known as a key dealmaker in the investment realm and also for his role in Elon Musk's acquisition of Twitter.

International Business Times

Trump’s team promised governments would ‘eat’ its tariffs. Execs say they’re passing on at least 50% to consumers

Warren Buffett and Steve Cohen warned consumers would be footing the bill for Trump's trade war, and business bosses have now confirmed they plan to pass on at least half of their rising costs.

Fortune

$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

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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

White House to overhaul $42.5bn Biden-era internet plan – probably to Elon Musk’s advantage

Billionaire cost-cutter’s Starlink service the likely beneficiary of Trump plan to alter rural internet program

The Guardian - US

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

International Business Times

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

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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

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 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

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

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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.”

Tom’s Hardware

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.

Top News

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.

International Business Times

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.

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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

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:

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