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The Latest Breaking News from Howard Lutnick

Why Trump’s tariff chaos sparked stock market meltdown and recession fears

Donald Trump has downplayed the stock market volatility which followed flip-flops over his trade policies.

Al Jazeera

Global stock markets register heavy falls as White House tries to talk up Trump tariffs

Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020

The Guardian - US

Trump declines to rule out US recession as tariffs spook investors

US president says economy is in a “period of transition” amid uncertainty over his trade policies.

Al Jazeera

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‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs

President downplays recent stock market volatility that followed his ducking and weaving over tariff policy

The Guardian - US

Trump has made clear to the cabinet that ‘Elon is your partner,’ Commerce Secretary Howard Lutnick says

Despite reports of ill-tempered exchanges between Elon Musk and cabinet members in a Thursday meeting, Lutnick said that the secretaries still “want his help.”

Fortune

Crypto giant Tether CEO on cooperating with Trump administration: ‘We’ve never been shady’

Paolo Ardoino – head of the world’s most traded cryptocurrency, which is backed by Trump aide Howard Lutnick – claims Tether is benefiting the US

The Guardian - US

Dollar ‘falls out of favour’ as Donald Trump's on-off tariffs hit US economy and threaten price hikes

The US president’s protectionist polices are sparking economic concerns around the world

Evening Standard

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Commerce Secretary Lutnick says most tariffs on Canada, Mexico likely to be delayed a month

U.S. Commerce Secretary Howard Lutnick said Thursday in a television interview that President Donald Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos

The Independent UK

Michael Grimes, Star Banker Behind Musk's Twitter Buyout, To Lead Sovereign Wealth Fund: Reports

Michael Grimes has reportedly been recruited to lead the sovereign wealth fund being pushed by U.S. President Donald Trump – he is known as a key dealmaker in the investment realm and also for his role in Elon Musk's acquisition of Twitter.

International Business Times

Trump’s team promised governments would ‘eat’ its tariffs. Execs say they’re passing on at least 50% to consumers

Warren Buffett and Steve Cohen warned consumers would be footing the bill for Trump's trade war, and business bosses have now confirmed they plan to pass on at least half of their rising costs.

Fortune

$BTC Climbs On News Trump Will Announce Bitcoin Reserve At Crypto Summit

Bitcoin pumped Wednesday night after Commerce chief Howard Lutnick said he is expecting a U.S. strategic Bitcoin reserve to be announced at the first White House crypto summit on Friday.

International Business Times

US Signals Possible Exemptions In Canada, Mexico Tariffs

US Commerce Secretary Howard Lutnick said an announcement on Canada and Mexico tariffs was expected later Wednesday, signaling potential relief for specific sectors such as automobiles, a day after the steep levies took effect.

International Business Times

White House to overhaul $42.5bn Biden-era internet plan – probably to Elon Musk’s advantage

Billionaire cost-cutter’s Starlink service the likely beneficiary of Trump plan to alter rural internet program

The Guardian - US

US Official Says Possible Canada, Mexico Tariff Relief On 'Categories'

International Business Times

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International Business Times

Stocks Rally On Tariff Relief Hopes, German Spending Plan

Many stock markets rallied Wednesday, buoyed by Germany's plan to massively boost spending on defence, signals that US President Donald Trump could ease huge tariffs and China's economic targets.

The Guardian - US

Trump temporarily spares carmakers from US tariffs on Canada and Mexico

After a call with top executives at GM, Ford and Stellantis, president approves one-month exemption from tariffs

Latin Times

Howard Lutnick Seems to Walk Back Trump's Hard Stance of Tariffs And Meet Canada, Mexico 'In Middle Some Way'

U.S. Commerce Secretary Howard Lutnick anticipated the possibility that President Donald Trump will announce a reduction of tariffs on Canada and Mexico

Fortune

Trump may roll back Mexico and Canada tariffs as soon as today

Commerce Secretary Howard Lutnick hinted President Trump is already considering tariff concessions.

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Barchart

S&P Futures Climb on Hints of Tariff Compromise, U.S. ADP Jobs Report in Focus

March S&P 500 E-Mini futures (ESH25) are trending up +0.73% this morning, rebounding from yesterday’s losses after U.S. Commerce Secretary Howard Lutnick said the Trump administration might dial down some trade tariffs.

The Independent UK

Businesses scramble to contain fallout from Trump's tariffs on Canada, China and Mexico

A Minnesota farmer worries about the price of fertilizer

The Independent UK

Census Bureau under Trump cuts loose expert advisors who work for free

The U.S. Census Bureau has eliminated outside advisory committees of demographers, statisticians and advocacy group leaders who provided technical guidance and expertise

Fortune

‘This game of chicken has to stop’

Also: Buffett and Bessent disagree on tariffs, Chipotle CEO will try not to increase prices after tariffs.

Fortune

Last year, GDP expanded by 2.8% and the private sector added 1.5 million jobs—but Trump’s Treasury secretary claims that growth was ‘brittle underneath'

Scott Bessent said the private sector “has been in a recession.”

Tom’s Hardware

Trump purge hits Chips Act office, two-fifths of staff to be terminated: Report

Two-fifths of the staff of the U.S. Chips Program Office are to be terminated, with 60 employees leaving today.

Top News

President Trump Supports Ukrainian President Zelensky Amid Political Tensions

President Trump supports Ukrainian President Zelensky and prioritizes peace and diplomacy in the region, as confirmed by Secretary of Commerce Howard Lutnick.

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