- Trade Minister Howard Lootnick He publicly defended Trump’s tariff, but separately, he said he told friends that he was “not pleased” with the arrival of the president. Lutnick helped reduce tensions sometimes with commercial partners in the United States such as Canada, but it also worries that Trump’s speech on tariffs may make it difficult to secure a strong deal with Canada and Mexico with a review of the first review of the USMCA trade agreement in July.
Trade Minister Howard Lootnick was the largest supporter of Trump’s definitions, but behind the scenes, new reports claim to be unhappy with the approach of President Whipsaw.
According to Lootnick, the friends told that he was “not pleased” that Trump’s habit of escalating the definitions on a whims instead of using future concessions from other countries, CNN I mentioned.
Recently, Trump has offered this behavior with a fiery reprimand in Canada. After the United States imposed a 25 % tariff on all imports of steel and aluminum, Doug Ford, Prime Minister in the most densely populated Canada Province, Ontario, Fire With an additional cost of 25 % on the electricity exported from Canada to more than a million homes and companies in Michigan, Minnesota and New York. Trump was angry at the response and threatened Canada with a 50 % tariff on steel and aluminum imports from the country.
According to the Trump threat, Lootnick was neglected, and he spoke on the phone with Ford on March 11 to work. After the call, Canada retracted the cost of additional electricity during the United States The idea was dropped Through a 50 % tariff on steel and aluminum imports from Canada, he said it will face the same tax by 25 % as each other country.
Through many of its TV and interviews, Lutnick took over the role of the fan and defender in Trump. When Canada imposed Revenge definitions For the United States imported from steel and aluminum, in addition to 14.2 billion dollars on other goods of technology to sports equipment, Lootnick called Canada’s response “Deaf Tone” She insisted on Trump’s tariff was for national security purposes.
From the private sector, Lutnick is not a strict supporter of definitions or free market trade, CNN I mentioned, quoting friends and consultants. However, he agrees with Trump on the influence that the American economy gives to other countries.
He believes: “If we have the power, supreme hand and the full power of the American economy, then why not use it? ” CNN.
However, Lutnick feels special anxious Trump’s speech may make it difficult to secure a strong deal with Canada and Mexico as a first review of the free trade agreement between countries, USMCA, which was appointed for the month of July. CNN.
“It was preferable to do this as part of the negotiations with USMCA,” said chief advisor. “He is afraid (Trump) the shark jumped.”
The White House and the Ministry of Commerce did not respond immediately luckRequest to comment.
Lootnick, billionaire Former CEO of Financial Services Cantor FitzgeraldHe was a friend of Trump for years, donated a million dollars in his first opening in 2017. During the recent Trump campaign for positions, Lutnick donated $ 5 million from personal money to Trump’s Pac and raised $ 15 million for his presidential effort by collecting donations at his home in Hamptons in August 2024, CNN I mentioned.
However, as Minister of Commerce, Lutnick is in his second job. It is said I pressed hard To be appointed to the appointment of the Secretary of the US Treasury, but he was eventually transferred to Scott Bessin, former CEO and investment head of Key Square Capital Management.
This story was originally shown on Fortune.com
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