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Benzinga
Benzinga
Business
Namrata Sen

Commerce Secretary Howard Lutnick Dismisses 'Silly' Concerns Of US Automakers Over Japan Trade Deal, Says They're 'Cool' With It

Howard Lutnick Commerce Japan United States Donald Trump NYSE Benzinga America
Washington,,January,29,2025:,Howard,Lutnick,,Nominee,For,Secretary

The U.S. Commerce Secretary Howard Lutnick has disclosed that American auto CEOs are in favor of President Donald Trump’s new trade deal with Japan.

What Happened:  Lutnick, in an interview on CNBC on Thursday, stated that American auto CEOs have expressed their acceptance of the new trade agreement. The deal, announced by Trump earlier this week, could potentially levy lower tariffs on Japanese car imports compared to vehicles produced by U.S. companies in Canada and Mexico.

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