News list for "commerce"
U.S. Commerce Secretary Lutnik: My focus is on the next big country to make a trade deal. We want to make a trade deal with a big country from Asia.
Following Trump's announcement of a trade deal with the UK, US Commerce Secretary Lutnik said boosting market access for US exporters would bring in billions of dollars in revenue. "They agreed to open up their markets, which would increase the opportunity for US exporters by $5 billion," Lutnik said in the Oval Office. "We still have a 10 per cent tariff, which would bring in $6 billion for the US." Lutnik said the deal would not put pressure on the UK economy and British workers would not be s...
1. Trump signed an executive order to cancel some car tariffs. 2. US Secretary of Commerce: All cars made in the United States can enjoy tariff relief. 3. Cui Dongshu of the Passenger Union Branch: China accounted for 33% of the world's car share from January to March. 4. It is reported that the long-wheelbase three-row version of Tesla Model Y will start production in May. 5. CATL announced that it will become the first company to pass the new national standard for power batteries. 6. BYD plans...
In an interview with CNBC on Tuesday, Mr. Lutnik, the commerce secretary, said he had reached a trade deal with an unnamed country. "One of my deals is done, done, done, done," he said. "But I need to wait for their leaders and their parliament to approve it, and I expect it to be done soon." The trade deal would be the first of the Trump administration. Mr. Lutnik declined to name the country.
According to CNBC, U.S. Commerce Secretary Lutnik said that a trade agreement has been reached with an undisclosed country; he pointed out that it is still waiting for approval from the other country, and it is expected to be announced after approval.
US Commerce Secretary Luthnik: US President Donald Trump is not currently focused on the market.
U.S. Commerce Secretary Luthnik said that U.S. President Donald Trump is not currently focused on the market.
On April 29th, U.S. Commerce Secretary Lutnik: Automakers made in the United States will receive a 15% deduction on the value of those vehicles when importing parts; all vehicles assembled in the United States and containing 85% local parts content will be exempt from tariffs. This will help domestic automakers relocate their supply chains to the United States. All vehicles made in the United States will enjoy tariff relief; tariffs will apply to foreign automakers that produce cars in the Unite...
U.S. Secretary of Commerce Lutnik: Two years is the agreed-upon time to give manufacturers enough time to establish a supply chain. There is no relief period for the third year.
According to BitcoinMagazine, U.S. Commerce Secretary Howard Lutnick said that the United States will "fully promote the development of the bitcoin mining industry at home".
According to Phoenix TV, US Commerce Secretary Lutnik told ABC on April 13 that the United States and China have had "preliminary contacts" through intermediaries on the tariff issue. He also pointed out that the US government is studying the development of special tariffs on key electronic products such as semiconductors.
The United States suddenly exempted mobile phones, computers and other electronic products from tariffs, but the Commerce Secretary warned: This is just a respite before the semiconductor industry investigation. Trump said that the entire electronics supply chain will be reviewed. The dollar rebound may not last. Click to view...
U.S. Commerce Secretary Luthnik: Not worried about the dollar.
Electronics products exempted from tariffs, such as smartphones, laptops and wireless headphones, will be re-examined as part of the administration's investigation into the semiconductor industry, U.S. Commerce Secretary Lutnik said in an interview. These products could be included in the tariffs on the semiconductor industry, which could be introduced in a month or two. When asked to clarify the tariffs on iPhones...
U.S. Commerce Secretary Luthnik: Not worried about the dollar.
