U.S., China agree on "trade framework"
Commerce Secretary Howard Lutnick says the U.S. and China have reached a "trade framework" after two days of negotiations in London.
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Commerce Secretary Howard Lutnick says the U.S. and China have reached a "trade framework" after two days of negotiations in London.
Rep. Madeleine Dean of Pennsylvania pressed Commerce Secretary Howard Lutnick at a House hearing about trade deficits and the uncertainty President Trump's tariff plan has caused since its rollout in April. Dean brought up Walmart increasing the price of bananas amid the administration's tariffs.
This week on "Face the Nation with Margaret Brennan," Commerce Secretary Howard Lutnick and Sen. John Barrasso discusses the new tariffs announced by President Trump. Rep. Don Bacon and Sen. Maria Cantwell discusses a measure in Congress to claw back its authority over trade and NATO Secretary General Mark Rutte discusses next steps in the Russia-Ukraine war and the impact from the tariffs on the military alliance.
What do President Trump's sweeping tariffs mean for the average U.S. household? Ernie Tedeschi, director of economics at Yale University's Budget Lab, joins CBS News to discuss. Then, Kate Gulliver, chief financial officer at Wayfair, joins to explain what customers can expect moving forward.
The White House is standing behind President Trump's tariffs even after stock markets around the world crumbled. Weijia Jiang has the latest.
Commerce Secretary Howard Lutnick tells "Face the Nation with Margaret Brennan" that the new tariffs announced by President Trump are not going anywhere as they will help "reset the power of the United States of America," calling it a "national security issue."
This week on "Face the Nation with Margaret Brennan," Commerce Secretary Howard Lutnick and Sen. John Barrasso discuss the new tariffs announced by President Trump. Rep. Don Bacon and Sen. Maria Cantwell discuss a measure in Congress to claw back its authority over trade and NATO Secretary General Mark Rutte discusses next steps in the Russia-Ukraine war and the impact from the tariffs on the military alliance.
As world leaders wrung their hands over President Donald Trump's sweeping tariff announcements, Argentine president Javier Milei was feted at Mar-a-Lago.
President Trump's new global tariffs are likely to mean higher prices for many products, experts say. U.S. Commerce Secretary Howard Lutnick joins "CBS Mornings" to talk about the president's plan and the impact on consumers.
The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.
Moving the U.S. Postal Service into the Commerce Department, should it take place, would happen through an executive action, source say.
The wealthy financier is a staunch supporter of the president's hardline trade polices.
Lutnick is stepping down as head of investment bank Cantor Fitzgerald as he prepares to head the Commerce Department.
Trump has picked Howard Lutnick, a crypto enthusiast and the head of brokerage and investment bank Cantor Fitzgerald, to be commerce secretary.