President Donald Trump stops an application for tariffs, which was escaped by the US Minister of Trade Howard Lutnick in the Oval Office of the White House in Washington, DC, USA, on February 13, 2025.
Kevin Lamarque | Reuters
In its mutual tariffs of the US trade partners, the Trump government will also remain steadfast due to a global stock market sale, Minister of Commerce Howard Lutnick told CBS '”Face the Nation” on Sunday.
The stocks have sold strongly in the USA and all over the world after President Donald Trump introduced broad dumplings on April 2. In addition to a 10% task for all imported goods, Trump announced higher taxes for imports from 57 countries, which are to take place on April 9.
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“The tariffs come. He announced it and he was not joking. The tariffs come. Of course they are,” said Lutnick.
He added that the White House did not consider an expansion of the starting period.
“There is no shift. You will definitely stay on site for days and weeks,” said Lutnick. “The president has to reset the global trade. Everyone has a trade surplus and we have a trade deficit.”
In the two trading sessions after the explanation, the global stocks deleted a market value of $ 7.46 billion after the market capitalization of the S&P Global Broad Market Indices.
Lutnick's comments are reminiscent of the finance minister Scott, Scott, the NBCS “Meet the Press” on Sunday. Bessent said the Trump government would “keep the course” to impose the tariffs.
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