Economy

US Escalates Trade War: 20 New Tariff Letters to Be Sent, Says Commerce Secretary Lutnick

US Commerce Secretary Announces New Tariff Measures

In a significant move that underscores the Trump administration's aggressive trade strategy, Commerce Secretary Howard Lutnick revealed plans to dispatch 15 to 20 new tariff letters in the coming days. This announcement marks a fresh escalation in the US's global trade campaign.

Strategic Negotiations and Upcoming Tariffs

During an interview with CNBC, Lutnick highlighted the administration's commitment to securing more favorable trade deals. He also provided updates on the anticipated implementation of the copper tariff, expected by late July or early August.

President Trump's Active Review of Trade Offers

Lutnick shared insights into President Trump's current review of numerous trade offers, suggesting that cooperative countries might benefit from adjusted rates.