U.S. Commerce Secretary Lutnik said he expects U.S. GDP to grow by more than 4 percent in 2026.
Raimondo, a former US commerce secretary, said the tariffs imposed by Mr. Trump were likely to continue beyond his term because of political fears that removing the protectionist barriers would offend workers worried about jobs being replaced by outsourcing and artificial intelligence. Raimondo said the political cost of rolling back tariffs would be too high regardless of which party governs in the future. "Once tariffs are added, it's hard to take them down. No one wants to be...
On October 28th, according to Bloomberg's end point, US Commerce Secretary Lutnik said that an investment agreement of 490 billion dollars will be signed.
U.S. Commerce Secretary Lutnik said Musk misdirected the goals of the Department of Government Efficiency (DOGE), focusing on layoffs rather than the waste of actually cutting government spending.
U.S. Commerce Secretary Luthnik has said that cryptocurrencies need a regulatory framework to thrive.
U.S. Commerce Secretary Lutnik: If the Supreme Court rules against tariffs, there are other options.
U.S. Commerce Secretary Lutnik: The Department of Commerce will start publishing statistics on blockchain. We are finalizing the specifics of using blockchain for GDP statistics.
After the US government shocked Wall Street with a 10% stake in Intel, the commerce secretary hinted that the defense giant might follow suit, calling Lockheed Martin "like a branch of the US government". Click to view...
U.S. Commerce Secretary Lutnik: The United States now holds a 10% stake in Intel (INTC. O).
U.S. Commerce Secretary Luthnik said Trump will make tariff decisions on other countries this week. Trump will consider several agreements this week and then determine the tax rate. For those countries that offer access, our negotiating table is ready.