Howrd Lutnick expects to “cover a lot of land” while Trump’s tariff stops

One week after the Trump’s “Liberation Day” tariff, President Donald Trump’s policies According to what was reported, a wave of communication from countries all over the world sparked ready to conclude a deal.

With more than 75 other countries continuing to “negotiate a solution” on trade, Trump announced He was raising the definitions of China while stopping and reducing mutual definitions on other countries.

Trade Minister Howard Lootnick explained that the decision was an opportunity for the United States “to take over China” while giving other countries “an opportunity to negotiate.”

“I think the real deals will take some time, but we will start meeting with the two countries,” Lootnick said. “Special Report” Wednesday. “We will cover a lot of land in these ninety days, and we will start seeing countries that really do the right thing for America.”

Trump says he raises China’s tariff, stopping the mutual tariff for others

Trump announced his customs tariff policy in fact on Wednesday, saying that he immediately raises the customs tariff for Chinese goods to 125 % of “Payn’s lack of respect” towards America, while stopping and reducing the multi -handled tariff in other countries.

“At some point, we hope in the near future, that China will realize that the days of tearing the United States of America and other countries are no longer sustainable or acceptable,” Trump has actually published a social media platform.

Trump moved after just hours China declared The mutual tariff for American goods increased from 34 % to 84 %.

China’s escalation came after Trump’s tariff came into effect shortly after midnight Wednesday, which imposed a 104 % tariff on Chinese goods to the United States

“China has chosen the way to go against Donald Trump,” Lootnick argued. “Either China comes to the table with Donald Trump or they do not do it. But let’s be clear, we are largely the largest agent, the American consumer buys everything from China. They cannot be without us.”

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Despite the escalating tariff between the United States and China, Lutnick advised other countries to “really bring them” to the negotiating table while stopping.

“We have to make fair deals to America. Donald Trump He said, for the major countries, the main negotiator of these transactions will be Donald Trump. He wants to do that. Lootnick said he wanted to lead her, as he celebrates the opportunity to “launch” American industries and enhance “incredible growth” in the United States

Although Trump’s tariff policies initially sparked market turmoil, his policy axis on Wednesday sent the stock market to a bounce situation.

Stephen Soras in Fox Business contributed to this report.