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The Latest Breaking News from Howard Lutnick

70% of small businesses say tariffs are already increasing costs, despite Trump’s team assurances they are not

A recent HSBC survey found that over 70 percent of US small and mid-sized businesses are facing higher costs due to tariffs.

The Independent UK

US official claims Trump tariffs brought China to table and halted India-Pakistan conflict

Howard Lutnick claims president offered South Asian nations trading access to US to avert full-scale war

The Independent UK

EU tariff offer still on the table, says EU Commission

Despite pressure over the weekend from the US, the EU said its offer on tariffs remains in play.

Euronews

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Harris urges US against tariff hikes on pharma and microchip sectors

The Irish deputy premier has written to US Secretary for Commerce Howard Lutnick on two sectors that are key to Ireland’s economy.

Evening Standard

Trump Official Insists 'There Is No Pain' From Tariffs. His Audience Immediately Calls Him Out

Billionaire-turned-Commerce Secretary Howard Lutnick repeatedly claimed Americans aren't feeling the impact of Trump's tariffs until audience members pushed back at an Axios event Wednesday.

Latin Times

Apple has had few incentives in the past to start making iPhones in US

Unhappy that Apple intends to source nearly all of its U.S. iPhones from India, President Donald Trump on Friday threatened a 25% tariff on the popular device unless the tech giant moves production to the United States

The Independent UK

Trump’s $5m ‘gold card’ visa set to launch in the coming days to help fast track rich immigrants

President Donald Trump’s website for the ‘gold card’ visa will soon launch so wealthy immigrants can register their interest in the program

The Independent UK

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Gary Winslett: The American Dream Has Migrated South

Middlebury professor Gary Winslett argues the South—not China—poached the Rust Belt’s manufacturing base by out-competing it on policy.

Reason

Howard Lutnick says Trump’s tariffs won’t raise prices (despite Walmart, Nike and others saying they are)

‘I would expect that prices in America will be unaffected,’ Commerce Secretary says

The Independent UK

EU standards on food are 'not up for negotiation', EU Trade Commissioner Šefčovič tells Euronews

In an interview with Euronews, Maroš Šefčovič has called for a fair and balanced deal with the United States amid a framework of tariff negotiations.

Euronews

Khanna Criticises Trump-Backed AI Project to Open Data Center in Dubai, OpenAI Set to Assist

Ro Khanna criticises Trump's UAE AI data centre deal, suggesting it should be in the US. OpenAI may assist the UAE in a massive Dubai data centre, potentially the world's largest.

International Business Times UK

Revealed: How much the US-UK trade deal will save UK economy from Trump tariffs

Exclusive: The UK’s new trade deal could cut the economic damage from US tariffs in half

The Independent UK

Acer responds to tariff question about new Aspire laptops

Six new Acer Aspire AI laptops debuted Friday, but their future in the U.S. is uncertain because of tariffs and other factors.

Laptop

Trump says it's not possible to meet with all countries, and 'very fair' tariffs are coming in weeks

"We have, at the same time, 150 countries that want to make a deal, but you’re not able to see that many countries," Trump said.

Fortune

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The Guardian - UK

Trump says US will unilaterally set new tariff rates for scores of countries

President says letters revealing rates will be sent out within weeks as Washington lacks capacity for individual deals

Latin Times

Trump Commerce Secretary's $600M Stake in Crypto Firm Operating In El Salvador Suggests Potential Conflict of Interest: Report

Lutnick's connection to Tether emerged during his January 2025 confirmation hearings, when Senator Elizabeth Warren raised concerns around his "ability to put the interests of the American people ahead of financial interests"

The Guardian - US

Trump cabinet member’s links to El Salvador crypto firm under scrutiny

Commerce chief Howard Lutnick’s firm backed controversial crypto giant Tether as Bukele ties deepened

Euronews

Trump hails 'great progress' as US-China trade talks in Geneva continue

The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation.

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The Guardian - UK

White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in Geneva

The Guardian - UK

British plane parts ‘exempted from Trump tariffs’ as US trade deal progresses

Boost to £40bn UK aerospace industry as Rolls-Royce engines and aircraft parts reportedly excused by US commerce secretary

The Guardian - UK

Cometh the hour, cometh the Mandelson: UK ambassador rides crest of a trade deal

The Labour veteran looked an awkward choice for the court of Trump, but now the president is holding his hand and complimenting his beautiful accent

The Guardian - UK

How Singalong Starmer got his deal … and a bit part in Trump, the Musical

Finally, a British prime minister has landed a trade agreement with the US. It’s just a shame it’s not a very good one, says Guardian columnist Marina Hyde

International Business Times

Swiss Seize Window Of Opportunity On Trump Tariffs

Switzerland will once again Friday try to talk its way out of punitive tariffs on its exports to the United States, which would have serious ramifications for Swiss jobs and businesses.

The Guardian - US

Why is Trump so fixated on toys for little girls?

Asked about his tariffs’ impact, the president has repeatedly pointed to dolls – because they’re seen as feminine, childlike and frivolous

Barchart

S&P Futures Gain With All Eyes on U.S.-China Trade Talks, Fed Speak on Tap

June S&P 500 E-Mini futures (ESM25) are trending up +0.32% this morning as investors pin their hopes on trade negotiations between Washington and Beijing.

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