The U.S. Commerce Secretary, Howard Lutnick, doubles down on the Trump administration’s tariff strategy following recent federal court rulings that blocked key trade policies, declaring America’s trade deficit a national emergency requiring immediate action.
What Happened: In a Fox News interview on Sunday, Lutnick outlined the legal framework supporting continued tariff implementation. “The $1.2 trillion trade deficit, and all the underlying implications of that, is a National Emergency — it’s gutting our manufacturing base… rest assured, tariffs are not going away,” Lutnick stated.
Lutnick emphasized that Congress granted President Donald Trump authority under the International Emergency Economic Powers Act (IEEPA) …