No Exemptions to Tariffs, Says U.S. Commerce Secretary

In a recent interview with CNBC, United States Commerce Secretary Howard Lutnick made it clear that exemptions to tariffs are off the table. "I don't believe there will be exemptions," Lutnick stated, emphasizing the firm stance of the U.S. government on this matter.

Negotiations with Major Trading Partners Underway

Lutnick revealed that Washington is currently in negotiations with "all major trading countries." He warned that retaliation would not be effective and insisted that U.S. products "will have to be sold there." This statement underscores the administration's determination to enforce its trade policies.

Impact of Reciprocal Tariffs on Global Trade Policies

Reflecting on the implications of President Donald Trump's reciprocal tariffs, Lutnick predicted that "most countries will start to really examine their trade policies." This remark hints at potential shifts in global trade dynamics as nations reassess their strategies in response to U.S. actions.