Economists say Trump’s second-term tariffs, if carried out as promised, could put even more downward pressure on the economy, because he’s framed them as across-the-board, rather than targeted to particular consumer products or commodities.

Facing tough questions on tariffs and the administration’s attempted freeze on federal funding, Howard Lutnick, President Donald Trump’s pick to head the Commerce Department, told senators Wednesday that he aims to crack down on both trade allies and adversaries who treat the U.

President Donald Trump’s nominee to lead the Commerce Department, Howard Lutnick, told senators the argument that tariffs cause inflation is "nonsense" during a confirmation hearing.