President Donald Trump has an ordinance on tariff growth surrounded by American Secretary Howard Lutnicka, in an oval white house office in Washington, USA, February 13, 2025.
Kevin Lamarque Reuters
The Trump administration will remain unwavering in terms of mutual tariffs on the main American trading partners even in the face of the global sales on the stock exchange, said the Secretary of Trade Howard Lutnick CBS “Face the Nation” on Sunday.
The shares sold a lot in the USA and around the world after the president Donald Trump He implemented extensive tariffs on April 2. In addition to 10% of duties on all imported goods, Trump announced higher import fees from 57 countries that are to take place on April 9.
“Tariffs are coming. He announced it and did not joke. Tariffs are coming. Of course they are,” said Lutnick.
He added that the White House did not consider the extension of the start date.
“There is no postponement. They will definitely stay in place for several days and weeks,” said Lutnick. “The president must reset global trade. Everyone has a commercial surplus and we have a trade deficit.”
According to two commercial sessions, after the declaration, global shares removed the market value of 7.46 billion USD, based on the capitalization of the Global Broad Market S&P market, according to S&P Dow Jones indexes.
Comments Lutnicka reflects the comments of the Secretary of the Treasury Scott Bessenta NBC “Meet the Press” on Sunday. Bessent said that Trump's administration would “keep the course” by applying tariffs.