Howard Lutnick News

The five billionaires, whose net worth fell are; Elon Musk, Jeff Bezos, Sergey Brin, Mark Zuckerberg, and Bernard Arnault, according to the Bloomberg report.

Howard Lutnick has been appointed as new US Commerce Secretary by US President Donald Trump. Lutnick, a strong advocate of tariffs, will play a central role in President Donald Trump’s trade strategy, working closely with the US Trade Representative’s office. His appointment aligns with the administration’s ongoing tariff policies targeting China, Canada, and Mexico. While some duties have been temporarily paused for negotiations, steel and aluminum tariffs are set to take effect on March 12.

Subscribe to enjoy similar stories. President Donald Trump said Americans should expect “a little disturbance" from his tariffs and trade policies and he wouldn’t rule out the potential for a recession this year. “I hate to predict things like that," Trump told Fox News’ Sunday Morning Futures.

Trump did not confirm whether the U.S. could face a recession in 2025. In an interview with Fox News, he discussed tariffs, stock market fluctuations and economic concerns. He delayed some tariffs but indicated possible increases. Commerce Secretary Howard Lutnick rejected the possibility of a recession.

Trump won't rule out the likelihood that the US might enter recession under his watch, as early as this year itself, reports by AFP and other agencies said. In an interview that aired on March 9, Trump said he won't dismiss the possibility of the United States witnessing a recession this year. When asked directly about a potential downturn into 2025, he responded, «I hate to predict things like that,» during a conversation with a Fox News host. He emphasised the significant changes underway, stating, «There is a period of transition, because what we're doing is very big — we're bringing wealth back to America,» and noted that «It takes a little time.» In contrast, Trump's commerce secretary, Howard Lutnick, provided a more definitive stance, stating unequivocally on NBC's «Meet the Press,» «Absolutely not,» when queried if Americans should prepare for an economic downturn.

Bitcoin crossed the $90,000 mark following Commerce Secretary Howard Lutnick’s statement about President Trump’s plan to establish a U.S. Bitcoin reserve. Investors see this as a major step toward institutional adoption, fueling speculation that BTC could soon hit $100,000. Ryan Lee, Chief Analyst at Bitget Research, said, “If implemented, this reserve could legitimize Bitcoin as a strategic asset, potentially driving prices toward $100,000 or higher while prompting a more transparent regulatory framework.” This could lead to policy shifts from regulatory bodies like the SEC’s Crypto Task Force, increasing institutional confidence.

Bitcoin, one of the most popular cryptocurrencies, is reaching new heights as its price is soaring at $91,000. With the current growth, the cryptocurrency is expected to reach the target of $1 million by the end of this year. President Donald Trump’s policies have brought a new revolution in the market, turning tables for crypto. It will be interesting to watch the future growth bar of Bitcoin as Trump will soon host the first crypto summit in his second term.

oversold market after early indications that the US may soften its stance on trade tariffs. The NSE Nifty gained 1.15%, or 254 points, to finish at 22,337. The BSE Sensex rose 1.01%, or 740 points, to close at 73,730.

Prime Minister Justin Trudeau is not open to lifting Canada’s full package of retaliatory tariffs if United States President Donald Trump leaves any tariffs on Canada in place, according to a senior Canadian government official.

Canada enters day two of a tariff war with the United States with a glimmer of hope south of border.

(Bloomberg) — Prime Minister Justin Trudeau is not open to lifting Canada’s full package of retaliatory tariffs if US President Donald Trump leaves any tariffs on Canada in place, according to a senior Canadian government official.

United States President Donald Trump’s proposed tariffs are expected to come into effect this week, a move that promises to have a wide-ranging impact on the Canadian economy and its relationship with its southern neighbour.

bilateral trade agreement, Commerce and Industry Minister Piyush Goyal's Washington visit will begin on Monday, according to an official. Goyal is likely to hold talks with US Trade Representative (USTR) Jamieson Greer and US Commerce Secretary Howard Lutnick, the official said. During the recent visit of Prime Minister Narendra Modi to Washington, India and the US announced their commitment to more than double the two-way commerce to USD 500 billion by 2030 and negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025. Last month, the minister stated that India and the US are committed to increasing bilateral trade to USD 500 billion and negotiating a «strong» trade agreement within the next 6-8 months.

In his third new tariff probe in a week, Trump signed a memo ordering Commerce Secretary Howard Lutnick to initiate a national security investigation into U.S. lumber imports under Section 232 of the Trade Expansion Act of 1962. The trade law is the one Trump also used to impose tariffs on global steel and aluminum imports. The probe covers derivative products made from lumber which could include furniture such as kitchen cabinets, which in some cases are made of U.S. lumber that had been exported.

Donald Trump's adviser, Peter Navarro, is allegedly pushing for border changes, thereby increasing the tensions between the United States and Canada. In light of Donald Trump's goal of making Canada the «51st state» in the union, a senior White House official has threatened to redraw the country's border.

United States President Donald Trump said he is starting a program to offer residency and a path to citizenship to investors who pay US$5 million, offering a new avenue for legal immigration even as he carries out a sweeping crackdown on undocumented migrants.

The Trump administration told Mexican officials that they should put their own duties on Chinese imports as part of their efforts to avoid tariffs threatened by President Donald Trump, according to people familiar with the matter.

Donald Trump has said that his administration will «soon» impose reciprocal tariffs on countries such as India and China, reiterating what he had said during Prime Minister Narendra Modi's recent visit to the US capital. Trump was speaking at the swearing-in of Commerce Secretary Howard Lutnick on Friday when he made the announcement, reiterating what he told Prime Minister Narendra Modi last week during the latter's visit to the US capital.

Subscribe to enjoy similar stories. President Trump, Vice President JD Vance and U.S. Commerce Secretary Howard Lutnick in the Oval Office on Friday.

«We have tremendous potential,» Trump told reporters at the Oval Office on Monday (3 February). «I think in a short period of time, we'd have one of the biggest funds.» Trump's realised tariff threats sends markets and currencies into a tailspin The president has put Scott Bessent and Howard Lutnick, the Trump-nominated commerce secretary, in charge of spearheading the fund and laying the groundwork for its creation.  Trump had previously attempted to ban TikTok during his first term in office, but said in a Truth Social post: «We are going to be doing something with TikTok, perhap...