Trump’s choice as his new trade tsar suggests poker skills will also be a most useful attribute in the new era. Certainly when it comes to navigating his choice of Howard Lutnick, boss of bond trading firm Cantor Fitzgerald and co-chair of Trump’s transition team, to head up the powerful US Department of Commerce. He made plenty of comments during the lengthy US presidential campaign that underlined his stance as a proponent of tariffs. Put tariffs on China and make US$400 billion.”Elsewhere – such as with New Zealand – talk is of tariffs at 10-20%. Both political leaders come from the business world.

Source: New Zealand Herald November 23, 2024 00:03 UTC