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2025-04-20

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Tariffs will become the "new normal". U.S. Secretary of Commerce: It's time to take back control of our future.

Tariffs will become the
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U.S. Secretary of Commerce Lutnick stated that the 10% tariff policy proposed by President Trump will take effect this week and emphasized that it cannot be negotiated. This tariff will affect several important countries exporting to the United States, leading to turmoil in the global financial markets, with U.S. stocks facing their worst week. Lutnick supports this policy, seeing it as a necessary measure to protect American manufacturing and national security, and emphasized the need for the U.S. to rebuild its domestic strength. Additionally, Republican Senator Barrasso also stated that this is a significant shift in U.S. policy, and the tariffs will become a key tool for boosting the economy.

The new round of tariff policies proposed by U.S. President Trump is set to take effect officially this week. The U.S. Secretary of Commerce stated on the 6th in the CBS program "Face the Nation" that the 10% comprehensive tariff on imported goods from all countries has "no room for negotiation," emphasizing that President Trump is not joking and the policy will proceed as planned.

According to reports, this equivalent tariff scheme covers dozens of countries that currently have a high export ratio to the U.S., and their products will face higher tax rates. When the news broke, it immediately caused a massive shock to the global financial markets, with U.S. stocks experiencing their worst week since the outbreak of the COVID-19 pandemic, triggering widespread concerns in the market about an economic recession. In response, Trump urged citizens to "hang in there."

The Secretary of Commerce defended Trump's claims, stating that this wave of policies aims to ensure the U.S. manufacturing sector, supply chains, and national security. He noted that the productivity in core industries such as shipping, pharmaceuticals, and semiconductors has long been insufficient, and the country is now facing a situation that needs protection, stating, "We must begin to protect ourselves." This policy push is also a formal version that was initiated after Trump delayed the tariffs due to negotiations with Canada and Mexico over immigration policies.

The Secretary of Commerce made it clear that this time "there will be no delays," and the President's position leaves no room for ambiguity, stating that this is exactly the core idea that Trump has long insisted on, "This is the moment for the United States of America to take back control of its destiny." He further pointed out that for decades "the world has been taking advantage of us," and the President has chosen to confront this issue head-on, "no longer tolerating this situation."

The Secretary of Commerce emphasized that Trump has always believed that the U.S. needs to break away from foreign dependence and rebuild domestic strength, and he along with his government team will fully support this direction. During the program, a Republican U.S. Senator from Wyoming also voiced support, describing this wave of tariff actions as "a significant shift in the policy direction of the U.S. government," and part of Congressional Republicans' attempts to legislate Trump's economic blueprint.

This blueprint not only includes the current round of tariff policies but will also extend and expand upon the tax cuts promoted during Trump's tenure in 2017. The Senator stressed that Congress is working to "create a strong, healthy, growing economy," and tariffs will be one of the "important tools" in that endeavor.

As Trump further promotes his economic policy agenda, the U.S. attitude and practical measures towards the global trading system are bound to enter a new phase.