Howard Lutnick demands countries buy U.S. products through tariffs
- President Trump's administration announced new tariffs on several nations, including China and Japan, ranging from 10% to 67%.
- Commerce Secretary Howard Lutnick emphasized the need for countries to purchase U.S. products or not engage in trade.
- Lutnick criticized former politicians for not addressing trade disparities and expressed hope for returning jobs to the U.S.
In a press event following the Trump administration's new tariffs, Howard Lutnick, the Secretary of Commerce, expressed strong support for the tariffs introduced by President Donald Trump on various imports from countries like China, Japan, the United Kingdom, and the United Arab Emirates. Announced on a Wednesday, these tariffs ranged from 10% to as high as 67%, primarily targeting nations that had been criticized for unfair trade practices against the United States. Lutnick emphasized that the tariffs serve as a clear message to the international community, indicating that they must either buy U.S. products or face exclusion from the U.S. market. Lutnick reflected on the previous administrations' inaction regarding trade negotiations, labeling prior politicians as “soft” for not addressing these long-standing issues. He stressed the disadvantages faced by American farmers and manufacturers due to restrictive trade policies from other countries, particularly the European Union's refusal to accept U.S. agricultural products such as chicken and lobster, while allowing their products like cars to enter the U.S. market freely. During his comments on Fox News's Hannity, he argued that it's about time that trade agreements favor U.S. interests, denoting a shift towards an America First policy. Furthermore, Lutnick explained that the newly imposed tariffs are expected to accompany a surge of $4 trillion in foreign investments, which he claims will help return essential jobs, especially in high-tech manufacturing, back to the United States. He underscored the frustrations many Americans feel over job opportunities moving abroad, particularly to countries like Taiwan and Korea. According to Lutnick, discussions with foreign representatives have revealed an acknowledgment of their prior advantages and a willingness to negotiate in a more balanced manner with the U.S. Despite the administration's bullish stance on tariffs, there are dissenting voices. Former Vice President Mike Pence has criticized these tariffs as being the largest peacetime tax hike in U.S. history, arguing that the financial burden could significantly impact American families. Lutnick dismissed Pence's assertions as bitterness and a misunderstanding of the America First philosophy, insisting that these tariffs are necessary to reshape the trade landscape in favor of U.S. producers. In a broader context, President Trump has publicly claimed that the U.S. has been subjected to unfair trade practices by various nations, vowing that under his administration, the focus will return to promoting U.S. prosperity through better trade deals.