Howard Lutnick

Trump’s South Korea tariff cuts are major boost for Hyundai and GM

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Trump’s South Korea tariff cuts are major boost for Hyundai and GM

American flags flutter outside a Hyundai automobile dealership in Irvine, California, U.S., March 27, 2025.  Mike Blake | Reuters DETROIT — Hyundai Motor and General Motors are set to be two of the greatest beneficiaries of lower U.S. tariffs on imports, including vehicles, from South Korea. The South Korean-based automaker is the largest U.S. importer … Read more

Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says

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Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says

Commerce Secretary Howard Lutnick on Wednesday denied that the Trump administration’s tariff policies were to blame after a new report showed a surprise drop in private payrolls in November. Instead, Lutnick argued on CNBC’s “Squawk on the Street” that the government shutdown temporarily slowed small-business activity. He added that the federal efforts to enact mass … Read more