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TechFlow news, on March 6, according to Jinshi News, U.S. Secretary of Commerce Lutnick stated that tariffs will not fund America's sovereign wealth fund.
In addition, Lutnick said, "My expectation is that the reciprocal tariff rate on April 2 will start high and then begin to decline. We fully understand what the president wants, and it's 'foolish' to think his advisors don't know his thinking."
According to Jinshi, U.S. Commerce Secretary Lutnick said tariffs will not fund America's sovereign wealth fund. In addition, Lutnick stated, "My expectation is that the reciprocal tariff rate on April 2 will start high and then begin to decline. We know exactly what the president wants, and it's 'foolish' to think his advisors don't know his thinking."
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