Summary
- Commerce Secretary Howard Lutnick stated that tariffs have value even if they cause a recession.
- Secretary Lutnick blamed the Biden administration's policies for any potential recession.
- The Trump administration's support for tariff policies could impact markets.
As President Donald Trump declares bombshell tariffs targeting the entire world, the Trump administration appears to be aligning with the President's measures.
On the 12th, Commerce Secretary Howard Lutnick said in an interview with CBS News, "I think tariffs are worth it even if they trigger a recession," when asked if the tariff policy would be worth it even if it leads to a recession.
Lutnick added, "The only reason the US economy might fall into a recession is because of the Biden administration's absurd policies."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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