Commerce Secretary Howard Lutnick told Donald Trump he needs to “wipe the slate clean” with his tariffs as the cost-of-living crisis worsens.
Lutnick, who has been in the role since February this year, believes the rollback would improve the economy and relations with nations who have higher tariffs imposed.
Speaking on Fox Business Insider late Thursday, Lutnick said, “What happened is the president said, ‘Look, it’s been six months. It’s time. Let’s just wipe the slate clean. If people haven’t made deals with these smaller countries, it’s OK. Let’s cut the price on all these unavailable natural resources, and let’s focus on affordability.'”