David Faber busted out laughing when co-host Sara Eisen peppered Howard Lutnick over his claim that overseas manufacturers will come back to the United States. The post CNBC Host Busts Out Laughing As Trump Sec.
Lutnick suggested Trump may be open to striking a deal on some tariff measures and could announce changes as early as Wednesday.
Robert Burgess is the executive editor of Bloomberg Opinion. Previously, he was the global executive editor in charge of financial markets for Bloomberg News.
Howard Lutnick's remarks came in response to concerns over whether the spending cuts advocated by Elon Musk's Department of Government Efficiency (DOGE) might lead to a recession.
The order directs Lutnick to lead an investigation into the national security implications of the U.S.'s current lumber imports.
Ford, GM and Stellantis have been pressing Lutnick to exempt USMCA-compliant vehicles, while the United Auto Workers have pressed the administration to exempt key auto parts from tariffs that could slow auto production. The Detroit Three held a virtual meeting last week with Lutnick to make the case, two sources briefed on the meeting said.