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Lutnik becomes a key figure in U.S. tariff policy.
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简介With the U.S. government's tariff policies continuing to draw global attention, U.S. Commerce S ...
With the U.S. government's tariff policies continuing to draw global attention,FXCM foreign exchange platform U.S. Commerce Secretary Howard Lutnick is rapidly coming to the forefront as a key figure in trade issues. Not only does he frequently appear in media reports, but he also plays a core role in specific negotiations and policy promotion, even to some extent overshadowing Trump himself.
A Key Figure in Trade Negotiations
Recently, Lutnick has been directly involved in several tariff-related negotiations and discussions. Last Tuesday, following the implementation of U.S. tariffs on Canada and Mexico, he immediately called Doug Ford, the Premier of Ontario, urging him to withdraw retaliatory measures. Additionally, he was present as an observer during a call between Trump and Canadian Prime Minister Trudeau, which eventually turned into a heated debate. Simultaneously, he engaged in similar tariff discussions with Mexican Economy Minister Marcelo Ebrard, but the two parties could not reach an agreement.
As the "chief negotiator" for Trump's trade policy, Lutnick is actively promoting tariff policies both behind the scenes and in public. He is not only the primary executor of government trade negotiations but also a key promoter of Trump's economic agenda.
Policy Interpreter or Tariff Advocate?
Lutnick is not only active in internal government negotiations but also frequently voices his opinion in major media outlets. Over the past week, he has given at least eight television interviews, providing detailed explanations of adjustments to Trump's tariff policies, sometimes even speaking ahead of Trump himself. For example, last Thursday, in an interview with CNBC, he revealed that the U.S. might suspend the imposition of a 25% tariff on Mexico and Canada for a month to ease market unrest.
Trump has expressed approval of Lutnick's performance, often privately praising his ability in television interviews. White House officials point out that because Trump's tariff decisions are often quite decisive, senior officials are needed to explain the policy ideas in detail to the outside world, and Lutnick is just the right person for this task.
However, is this new Commerce Secretary simply a messenger of policies or a driving force behind them? Steve Moore, a former senior economic adviser in Trump's first term, noted that Lutnick sometimes seems to echo Trump's remarks but at other times guides him, making it difficult to ascertain his specific role.
A Firm Supporter of Protectionism
In fact, Lutnick's interest in tariff policy has long been evident. Before joining the Trump administration, he was the CEO of the Wall Street firm Cantor Fitzgerald and was responsible for personnel coordination in Trump's transition team. After being nominated as Commerce Secretary last December, he met with Charles Benoit, the chief trade attorney for the 'Prosper America Alliance,' to discuss a more aggressive tariff policy, including higher rates and expanded tariff coverage. Benoit recalled that Lutnick had already fully embraced a protectionist trade agenda, needing no further persuasion from outside sources.
Lutnick exhibits many traits similar to Trump, such as a high-profile style, strong media presence, and a passion for policy. He aligns closely with Trump trade adviser Peter Navarro within the White House, but finds it easier to communicate with Congress and the business community. Senator Kevin Cramer described him as "very much like Trump" but easier to deal with than Navarro.
Potentially Increasing Future Policy Influence
Although Lutnick's high-profile style may spark controversy, Trump appears to have decided to let this billionaire continue to lead trade policy. Trump has publicly praised Lutnick as "good at handling relationships," even calling him "the best at managing relationships." As U.S. tariff policies continue to advance, Lutnick's influence is expected to keep rising.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
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