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The Latest Breaking News from Howard Lutnick

Trump's Tariffs and Japan Deal Could Encourage Toyota To Move Manufacturing Jobs Out of America

Trump believes he can deploy tariffs without tradeoffs or distortions. In reality, each new tariff move creates both.

Reason

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

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.

Benzinga

Howard Lutnick Says TikTok Is 'Going Dark' Unless Beijing Agrees To Hand It Over: 'Can't Have Chinese Control…On 100 Million American Phones'

On Thursday, U.S. Commerce Secretary Howard Lutnick said that TikTok will be banned unless China allows American ownership and control of the platform's algorithm and technology.

Benzinga

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Fact check: Could Trump’s trade tariffs pay off the US deficit?

Commerce Secretary Howard Lutnick says tariffs will plug US finances, but experts say it’s unlikely.

Al Jazeera

Australia Lifts Trade Barriers On US Beef

Australia said Thursday it would lift trade barriers on beef from the United States, removing a major point of friction between Canberra and the Trump administration.

International Business Times

Wealthy families could consider Trump’s gold cards over fears about birthright citizenship

Some experts say it’s unclear whether the Gold Card program will actually take off

The Independent UK

Court blocks Trump’s ‘unconstitutional’ attempt to end birthright citizenship – as it happened

The 2-1 ruling from the ninth US circuit court of appeals brings issue one step closer to coming back before supreme court. This blog is now closed.

The Guardian - US

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Howard Lutnick Says Trump's August 1 Tariff 'Hard Deadline' Is Final — Smaller Nations Face 10% Base Rate

On Sunday, Howard Lutnick, the Commerce Secretary, stated that August 1 is the “hard deadline” for countries to begin paying tariffs to the United States.

Benzinga

Is Washington Handing China A Win With Nvidia Sales?

Nvidia (NASDAQ:NVDA) stock is taking a hit Friday as a U.S. government decision to permit the chip giant to resume sales of its H20 AI chips to China faces strong opposition from House Select Committee on China Chairman John Moolenaar.

Benzinga

The US squeezed Nvidia's AI chip export deal with China into negotiations over important rare earth elements, bizarrely claiming 'we put that in the trade deal with the magnets'

Ah, it's "leaving important bits out" day.

PC Gamer

Howard Lutnick's Political Ties May Have Swayed Nvidia's AI Chip Sales to China — Report Claims

Howard Lutnick's political ties may have influenced Nvidia's AI chip sales to China, according to a report. Following a US-China détente, Nvidia resumed H20 chip shipments, reversing an earlier ban that caused a $4.5 billion writedown.

International Business Times UK

Cantor Equity Partners I (CEPO) Soars On Potential Bitcoin Deal With Satoshi Nakamoto-Linked Adam Back

Shares of special purpose acquisition company Cantor Equity Partners I Inc (NASDAQ:CEPO) surged into the close on Tuesday following a report that the company is nearing a deal to invest billions in Bitcoin (CRYPTO: BTC).

Benzinga

How 27-Year-Old And Bitcoin Pioneer Quietly Assemble $10 Billion Crypto Arsenal

In a deal that could mark one of the largest corporate purchases of Bitcoin (CRYPTO: BTC) to date, Cantor Equity Partners I Inc (NASDAQ:CEPO) is in advanced talks to acquire more than $3 billion worth of Bitcoin from Blockstream Capital's Adam Back.

Benzinga

Tomatoes are set to jump in price as Trump slaps a 17% tariff on the grocery staple

‘I give it three months, and then we go bankrupt,’ says one Californian restaurant owner

The Independent UK

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International Business Times

EU Threatens US Planes And Whiskey While Pressing For Deal

Brussels plans to target US goods including planes, cars and whiskey if trade talks with Washington fail, according to a list seen by AFP on Tuesday, as the bloc renewed its push for a deal.

Al Jazeera

Trump slaps 17 percent tariff on tomatoes from Mexico

US Commerce Secretary Howard Lutnick says US farmers have been ‘crushed’ by unfair trade practices.

The Independent UK

Trump appointees have ties to companies that stand to benefit from privatizing weather forecasts

Downsizing at the National Weather Service appears to be part of an effort by Republicans to privatize such agencies

Euronews

US copper prices soar after Trump threatens 50% tariff on imports

The 50% duty would match the rate placed on steel and aluminium imports. The president also said he plans to impose a tariff of up to 200% on pharmaceutical drugs.

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news in one place.

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AAP

Australian shares drop as Trump's tariffs target copper

The ASX200 fell 0.6 per cent, with goldminers and uranium miners under pressure and retirement living operator Lifestyle Communities plunging sharply.

The Independent UK

Trump has promised $5m ‘gold card’ visas. Experts say they’re unlikely to ever happen

A fast track to legal status is likely illegal without Congress, and it’s unclear if interest in the idea translates to applications

The Independent UK

Debate erupts over role job cuts played in weather forecasts ahead of deadly Texas floods

Former federal officials and outside experts have warned for months that President Donald Trump’s staffing cuts to the National Weather Service could endanger lives

The Independent UK

President Trump gives bungled response when asked about when tariffs will return after 90-day pause

‘The tariffs are going to be the tariffs,’ the president said when asked about when the levies would return to April levels

Benzinga

Markets Calm As Trump's July 9 Deadline Accelerates Diplomacy

The July 9 deadline for the 90-day tariff pause is approaching as global trade diplomacy intensifies. While President Donald Trump evaluates options on reciprocal tariffs, nations across Asia and Europe are discussing deals that protect their interest, while balancing ties with both Washington and Beijing.

Fortune

Trump's tariff pause expires next week. Here's how well Asian governments have been doing in negotiations with Washington

With just days to go until tariffs return, the Trump administration is still trying to negotiate new agreements with major trading partners.

Benzinga

Howard Lutnick's Viral Fed Rant Claims 'Simple Formula' for Rate Cuts—Here's Why Economists Are Cringing

Howard Lutnick’s viral social media attack on Jerome Powell reveals the growing tension between Trump’s economic team and Fed independence—here’s what investors need to know

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