US Commerce Secretary Howard Lutnik broke the argument behind a stack of tariffs, reacted to the criticism of the business and revealed the final goal for President Donald Trump’s conversation strategy.
chairman Donald Trump It is said that America is “involved in stupid business,” No “free trade.”
Trump commented on his true social account on Thursday after threatening Apply 200% tariff On liquor products in France and other European countries, the trade war between American colleagues increased.
“America does not have free trade. We have ‘stupid trade.” The whole world is intensifying us !!! “Trump wrote.
An hour before that message, Trump said, “The European Union, one of the world’s most hostile and derogatory and tariffing authorities, which was designed for the sole purpose to take advantage of the United States, put just 50% tariff on whiskey.”
President Donald Trump on Friday moved to South lawn to ride on one at the White House in Washington, DC. (Kayla Bartkovski / Getty Image / Getty Images)
He said, “If this tariff is not removed immediately, the US will soon impose 200% tariff on all wines, champagne, and narcotic products coming out of countries representing France and other European Union. It will be great for alcohol and champagne businesses in America.”
French Business Minister Laurent St.-Martin on Thursday responded to Trump’s post, saying that the country would protect its industries.
Commerce Secretary Howard Lutnik defends Trump’s tariff endgeam against the fears of recession
Commerce Secretary Howard Lutnik said “nothing” would stop President Donald Trump’s Tariff Andge on “Veri & Co.”. On Wednesday. (Samuel Korum/SIPA/Bloomberg Getty Image/Getty Image)
St.-Martin said in a post on X, “Trump is beginning to grow in the chosen trade war that was translated into English.” France is firm to respond with the European Commission and our partners. ”
The Trump administration is also engaged in back and forth tariffs with Canada this week, describing “one of the most tariffs anywhere in the world”.
President Donald Trump speaks with media members in South Lawn before riding in Marine One at the White House in Washington, DC on 28 February. (Reuters / Nathan Howard / Reuters)
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Canada announced $ 21 billion in additional tariff On Wednesday, after Trump’s new 25% tariff on steel and aluminum, it became effective against the US on Wednesday.
Fox Business’ Denila Jenoves contributed to this report.
