Howard Lutnick, President Donald Trump’s nominee to head the Commerce Department, endorsed across-the-board tariffs to correct unfair global trade during his Jan. 29 confirmation hearing.
After returning to the White House more than a week ago, Trump has yet to outline his tariff plans.
Since his inauguration, Trump has threatened to impose levies on Canada, Mexico, and China as early as Feb. 1. He also announced levies on Colombia—they were later rescinded—and proposed tariffs on Taiwan.
The president laid out his trade blueprint at a gathering with House Republicans on Jan. 27, focusing on what he wants to tax first.
“We are going to look at pharmaceuticals, drugs, we are going to look at chips, semiconductors, and we are going to look at steel and some other industries, and you are going to see things happening,” Trump said….