LITNICK says that Trump prices will encourage countries to examine trade policies

Aggressive prices that President Donald Trump announced on Wednesday a “reorganization” of global trade which will force other nations to open their doors to American goods, the Secretary of Trade Howard Larick said on Thursday.

According to a decree, the president has signed, the United States will retaliate against the tasks imposed on American goods elsewhere.

Lutnick, in an interview with CNBC, said that the movements will push countries to re -examine their policies and provide higher market access to American products.

“This is the reorganization of fair trade,” he said on “Squawk Box”. “These are these non -tariff commercial barriers. This is what we are talking about.”

“I expect most countries to really start to examine their trade policy towards the United States of America and stop taking it,” he added. “Stop saying that we cannot sell our corn to India, stop saying that we cannot sell our beef anywhere. Just stop treating us so bad.”

While Lutnick spoke, the merchants fell against pricing announcements, sending contracts linked to the average Dow Jones plunging more than 1,100 points, while treasury yields have also dropped sharply.

Asked what it would take for products to be exemptions from new prices, Lutnick said the problem is deeper.

“I don’t think the word exemption is going to be a factor. I don’t think it’s such a thing,” he said. “I think what will be is a world of equity. Let’s try to find ways for the world to treat us more equitably and more correctly.”

In Wednesday Trump’s announcement, the United States would apply general tasks of 10% on all products in the United States, while revealing a menu of other reciprocal rates against individual business partners.

This decision represented another lightness in the president’s strategy to open more markets for American products. However, economists fear that the prices will trigger a damaging world trade war and increase inflation in the signs of a slowdown economy.

“We are talking with all the big countries of the world, and we have been talking to them for more than a month,” said Libnick. “The key is: will they take our agricultural products? Will they treat us fairly? Can they treat us fairly? And the answer is, over time, which will be yes, American products will be better sold elsewhere in the world.”

The United States has led a trade deficit of $ 122.7 billion in goods and services in February, down $ 8 billion from January, but still near a file, the Commerce Department reported on Thursday. The imbalance for the first two months of the year climbed 86% compared to the same period in 2024.