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The Latest Breaking News from Howard Lutnick

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

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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

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.'

Roll Call

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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

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

Latin Times

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

The Independent UK

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.

Roll Call

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.

Al Jazeera

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

The Guardian - US

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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.”

The Guardian - US

Crypto giant Tether CEO on cooperating with Trump administration: ‘We’ve never been shady’

Paolo Ardoino – head of the world’s most traded cryptocurrency, which is backed by Trump aide Howard Lutnick – claims Tether is benefiting the US

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Evening Standard

Dollar ‘falls out of favour’ as Donald Trump's on-off tariffs hit US economy and threaten price hikes

The US president’s protectionist polices are sparking economic concerns around the world

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

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.

Fortune

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.

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.

The Guardian - US

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

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