Commerce Secretary Howard Lutnick said President Donald Trump could set tariff rates himself if the United States is unable to reach ideal trade agreements with other countries.
The statement comes after those on Wall Street and on the internet started using the term “TACO,” or “Trump Always Chickens Out.” The U.S. set wide-ranging reciprocal tariffs on numerous trade partners in early April before announcing a 90-day pause on them a week later following turmoil in the stock market.
“I think we’re going to get a lot of deals done,” Lutnick told Fox News. “We could sign lots of deals now, but I think we’re trying to make them better and better and better. And as the president said, or he’ll just set rates, and it’ll
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