The Latest Breaking News from Howard Lutnick

The 50% duty would match the rate placed on steel and aluminium imports. The president also said he plans to impose a tariff of up to 200% on pharmaceutical drugs.

The ASX200 fell 0.6 per cent, with goldminers and uranium miners under pressure and retirement living operator Lifestyle Communities plunging sharply.

With just days to go until tariffs return, the Trump administration is still trying to negotiate new agreements with major trading partners.

Howard Lutnick’s viral social media attack on Jerome Powell reveals the growing tension between Trump’s economic team and Fed independence—here’s what investors need to know

A lack of skilled labor in the U.S. could force companies to invest more heavily in automation.

Washington and Beijing have signed a trade agreement that will make it easier for American firms to obtain magnets and rare earth minerals from China that are critical to manufacturing and microchip production

Lutnick’s China promise did little to impress markets, but overall added to a period of relative stability. Yet one analyst warned this may be a “false dawn.”

September S&P 500 E-Mini futures (ESU25) are trending up +0.28% this morning amid renewed optimism about trade deals, while investors await the release of the Federal Reserve’s first-line inflation gauge.

The U.S. and China have finalized a trade understanding, building on an agreement reached last month in Geneva. Commerce Secretary Howard Lutnick confirmed the deal, which was signed two days ago, noting that the White House has immediate plans to secure agreements with ten other major trading partners.