WASHINGTON – President Donald Trump announced a new U.S. tariffs plan on Thursday with Howard Lutnick standing by his side in The White House.
Lutnick, the former chief executive officer of Cantor Fitzgerald, is set to be confirmed as the new Commerce Secretary.
“I call it the external revenue service,” Trump said. “That was a name that was devised by a few of us.”
Trump said the reciprocal tariffs will vary from country to country and reflect what each charges on imports.
The Senate voted 52-45 to advance Lutnick’s nomination on Thursday afternoon.
Watch news conference
More on Trump
ECONOMY: The latest inflation report shows that high prices are Trump’s major economic challenge
HEALTH: Vaccine skeptic Robert F. Kennedy Jr. confirmed as Trump’s health chief after close Senate vote
AGRICULTURE: Brooke Rollins confirmed as Trump’s agriculture secretary as tariff fights loom
EDUCATION: Trump’s pick for education chief sketches a roadmap for dismantling the department
LAW ENFORCEMENT: Senate panel advances nomination of Kash Patel, Trump’s pick to lead the FBI
WAR: Russia rejoices at Trump-Putin call as Zelenskyy rejects talks without Ukraine present
GOVERNMENT: USAID employees ask a judge to keep blocking Trump’s effort to pull most of them off the job
RELIGION: Given Christianity’s dominance in US, Trump raises eyebrows with anti-Christian bias initiative
