(DCNF)—Secretary of Commerce-designate Howard Lutnick told a Senate committee that the threat of imposing a 25% tariff was to get Canada and Mexico to “respect” the United States and stop the flow of fentanyl into the country.
President Donald Trump nominated Lutnick, who rebuilt Cantor Fitzgerald after the financial services firm suffered massive losses in the Sept. 11, 2001 attack on the World Trade Center, to serve as Secretary of Commerce Nov. 19. Lutnick told Democratic Sen. Gary Peters of Michigan during a Senate Commerce, Science and Transportation Committee hearing that the threatened tariffs were intended to “create action” on two major issues.
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Can he slap a tariff on China, right away? Because they seem the most hell-bent upon destroying our economy and our citizens.