Commerce Secretary Howard Lutnick claimed President Donald Trump has the upper hand in tariffs against China because the U.S. buys more of its products than the Chinese buy American. Lutnick’s analysis comes weeks after China filed a lawsuit against the U.

Commerce Secretary Howard Lutnick said he did not expect immediate tariff relief for China since it continues to subsidize fentanyl production that is

Washington – President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business.