Commerce Secretary Howard Lutnick declared Sunday that the Trump administration's tariff strategy is here to stay, even as federal courts strike down key parts of the president's sweeping trade policy.
Earlier this year, Donald Trump enacted a broad set of "reciprocal" tariffs, citing the International Emergency Economic Powers Act of 1977. The move included a default 10% import duty and escalated rates for dozens of countries, as part of a broader effort to reduce the U.S. trade deficit and combat fentanyl trafficking.
