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President Trump is hearing from “lots of different advisers” in deciding on the exports, Commerce Secretary Howard Lutnick said, noting that Trump understands China's Xi Jinping “the best.”

Tariffs under Section 232 of the Trade Expansion Act are already in place for steel and aluminum and have compelled truck makers to increase their prices.

“We are looking, I hope, for an agreement that will put us in a better position than we are right now,” Dominic LeBlanc said Aug. 25 in a French-language radio interview.

U.S. rules require rail mergers to show that a deal would serve the public interest and enhance competition, a step beyond merger requirements applied to other industries.

Indian Commerce Minister Piyush Goyal called U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer “very dear friends.”

The Senate confirmed wealthy financier Howard Lutnick as commerce secretary Feb. 18, putting in place a staunch supporter of President Donald Trump’s hardline trade polices.

EU trade chief Maros Sefcovic spoke with three top members of U.S. President Donald Trump’s incoming administration on how to find a solution to the brewing transatlantic trade dispute.

The panel with jurisdiction over freight policy voted 16-12 to report Howard Lutnick’s nomination to the full Senate. Sen. John Fetterman (D-Pa.) joined Republicans in support.

“I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS Act awards in a confirmation hearing Jan. 29.

Oil fell below $73 a barrel after President Donald Trump’s pick for commerce secretary suggested tariffs on Canada and Mexico are not a done deal.