Commerce Secretary Lutnick Faces Growing Pressure Over Tariff Fallout

Howard Lutnick defends Trump's trade policies despite market declines and internal administration tensions.

The S&P 500 has dropped 10% from its peak, fueling recession fears and negative consumer sentiment linked to the Trump administration's tariffs.
Commerce Secretary Howard Lutnick has publicly promoted the tariffs, calling them beneficial despite widespread economic disruption.
Critics, including business leaders and politicians, argue that Lutnick supports trade policies seen as poorly designed and harmful to businesses.
Lutnick's position in the administration is increasingly unstable, exacerbated by his rivalry with Treasury Secretary Scott Bessent.
Reports suggest Lutnick privately advocates for easing tariffs on Canada and Mexico, complicating his role as a public defender of the policies.