No Exemptions Expected in US Tariff Policy

In a recent interview with CNBC, United States Commerce Secretary Howard Lutnick expressed skepticism about the possibility of exemptions to the current tariffs. He emphasized that negotiations are underway with all major trading countries, aiming to prevent retaliatory measures that could undermine the effectiveness of US trade policies.

US Stance on International Trade

Lutnick highlighted the US's firm position, stating that American products "have to be sold there", regardless of the ongoing trade tensions. He also pointed out that the reciprocal tariffs imposed under President Donald Trump's administration are prompting countries to reevaluate their trade policies.