The name is Lutnick, not Nut Lick. Either way there is no logic or consistency to Trump tariffs.
By Curt_Anderson June 4, 2025 3:13 pm Category: Economy
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Secretary of Commerce Howard Lutnick said the U.S. would not lift tariffs on another country even if that country agreed to a reciprocal trade deal with the U.S.
Lutnick's response appeared to fly in the face of President Donald Trump's claim that the U.S. is seeking trade "reciprocity" with its partners around the world.
Trump has repeatedly accused other countries, including some of the U.S.'s closest trading partners, of taking advantage of the U.S. and in April levied steep tariffs against almost every country around the world in an effort to renegotiate more balanced trading relationships.
Lutnick got into a back-and-forth with Republican Senator John Kennedy of Louisiana on Wednesday while testifying on Capitol Hill.
Kennedy asked Lutnick if the U.S. would accept a zero-to-zero trade deal with Vietnam, saying, "If Vietnam, for example, came to you tomorrow and said, 'Okay, Mr. Secretary, you win, we're going to remove all tariffs and all trade barriers.' Would the United States please do the same? Would you accept that deal?"
"Absolutely not," Lutnick said while smirking. "Absolutely not. That would be the silliest thing we could do."
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Secretary of Commerce Howard Lutnick said the U.S. would not lift tariffs on another country even if that country agreed to a reciprocal trade deal with the U.S.