Stock market is not a driving force for Trump’s tariff outcomes, Lutnick says
Commerce Secretary Howard Lutnick said the stock market is not a motivating factor for the administration in this trade fight.
“The president wants American growth and American prosperity, okay? And the fact that the stock market goes down half a percent or percent, it goes up half a percent or percent, that is not the driving force of our outcomes,” Lutnick said on CNBC Thursday. “The president is focused on rebuilding America, and you are going to see growth in America... You’re going to see interest rates drop 1% or more. You’re going to see the stock market explode.”
The stock market has been highly volatile as investors grappled with the uncertainty around tariffs and the tit-for-tat actions.
— Yun Li
