Trade Trade Trade Trade expression that Trump administration has cut the US trade administration in the weeks at the end of the dozen countries.
“The next two weeks will be weeks for the registration books. The President Trump will lead for the American people”, ” Lutnick said “makes nation with Margaret Brennan‘
The President sent letters this month at 25 bookcases – includes Canada, Mexico and European Union – Tell me to go to to-date. 1 unless you do a more treatment. The administration pressed villages for the months to negotiate trading chords with the United States but only a little bit of offers were formally fixed up – and Cbsping by conting Sunday released show 61% of Americans believe that administration is too focus on fees.
But lutnick said the American people is “to love the President Trump and Faces”, and discussed the President of the President of the Credit Progress Expired progress.
“The one who is achieve these countries, and they go opening their markets,” Teachers Trade said to CBS News.
He said the imports from the smallest countries you will solve a 10% base fee while as the larger countries would make higher fees.
One of the most attributed negotiations is with the European Union. The United States Trad 975.9 billion goods of goods with 27-nation block last year – more than every country single. I am Mr. Trump has 30% threatened fees on their exports to the US starting next month, by the 20% of fees It is briefly set in Europe in April.
European officials to say I hope to get an agreement with Mr. Trump, but if there is no deal, threatened to impose a set of retrieving rates on August 1.
Lutnick told CBS, “I’m confident that you get a deal,” Noting that he was talking with a black of the European Arteeno European Morning.
The United States Partners – Canada and Mexico – have been said they were said that they were told the next month of 35% and 30% Tax near the Prompt of Mr. Trump. The President has attached their fees fees to Fentanyl traffic and illegal immigration, which two countries say they made progress, however very little fentanyyl is currently trafficked through the US-Canada border.
Mr. Trump’s message next to, Lutnick said, is that the fees will remain in importance if the country does not “stop this fentanyl and chini the frontier”.
But the goods that are covered with the US-Mexian-Canada trade agreement – are not encroached the first third third-thirty-in-the-one-fees, specimen most goods crossing the border, the lutnick noted.
August 1 is a “lasting last” for fare, lutnick says
Mr. Trump has been thinking about this month’s fee after mining a similar slate of fare on dozen partners on “release” in the beginning of April. Most fees have been arrested for 90 days to give the administration of trading to trades – and before paused before this month, the President sent it to the end of Augment.
Luck called 1 August a “Hard Terms”, and told them the plans are planning to collect higher feiffs on the principle of the next month Pledge before this month that “will not be granted.”
But “nothing stops talking to us after the August 1,” Lutnick has added.
Mr Trump extended by its trade strategy, enriches US manufacturing fabric fabrication, trading trade of other countries.
But some of the rates moves have spooked financial markets, and economists notice The imports of the import imports of the leeker lead to higher consumer prices and the slowest economic growth. Federal chair reserves Gerome Powell said the Central Bank is held To the suit of interest relating to high to high to high because it is looked at if tariffs impact the infration.
Consumption prices Rose 2.7% Years-year last month, up to 2.4% a month before.
Lutnick said Sunday that is not concerned with the highest consumer prices, saying that Brennan “, I think you’re going to see the inflation where it is.” He said Americans are looking for “low” low-“prices. He also discussed that fees does not bless the US manufacturers.
“The idea that these important are more important than people who employ US Americans, I think it is only (the) wrong way of thinking”
Lutnick charges Jerome Powell of “cake
Lutnick also took a shot at Powell, utting the Mr. Trump attacks on the central bank seat.
The Federal Reserve Chosen to Leave Interest Inside to this year, but Mr. Trump has left the FED to reduce taxes. Rates cuts can laugh the economic growth and make cheaper for Americans to lend money but at risk of causing inflation.
The testation of the interests of the feeder’s interests are set for a committee to 12 LED Membership by Powell, so may not make a decisions about the monetary policy. The most recent decision of the Council is not cut in charge of interest in June was Unanimous. I am
CBS NEWS reported last week May the Mr. Trump asked the main first of Gops if he should make Powell – a legally not finished the markets. The President he said after Is unlikely to test the seat of fedo, if there is no “fraud”, apparently reference to a renewal contest that Mr. Trump claims Powell has wrong.
Lutnick has not commented if Powell is under the threat, saying that is Mr. Trump’s decision. But he attack powell on interest rates, saying that the fedic chair is “make the worst job.”
“It’s just bad. I’m not because you cook america this way,” lutnick said.