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People in Business: June 2, 2025

Commerce Secretary Lutnick reportedly told friends in private he's 'not thrilled' with Trump's whipsaw approach to tariffs

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Howard Lutnick is reportedly worried Trump's rhetoric could make it harder to strike a trade deal with Canada and Mexico.
In an article published on March 19, 2025, by Fortune, U.S. Commerce Secretary Howard Lutnick expressed his dissatisfaction with former President Donald Trump's tariff policies. Lutnick, who has been critical of the tariffs since their implementation, argued that they have negatively impacted American businesses and consumers by increasing costs and disrupting supply chains. He emphasized the need for a more strategic approach to trade policy that focuses on fostering international cooperation and reducing trade barriers, rather than imposing broad tariffs that he believes have not effectively addressed trade imbalances or protected domestic industries. Lutnick's comments come at a time when the current administration is reevaluating its trade strategies and considering potential adjustments to existing tariff policies.

Read the Full Fortune Article at:
[ https://fortune.com/2025/03/19/commerce-secretary-howard-lutnick-not-thrilled-trump-tariffs/ ]