Lutnick Criticized for Handling of US Tariffs

Commerce Secretary Howard Lutnick is facing criticism from within Trump's administration and allies for his handling of the US tariff situation. Lutnick's public statements have sometimes contradicted the White House's messaging, contributing to economic uncertainty and market volatility, as seen with the Dow's recent significant drops. Despite being defended by some as an integral part of the economic team, Lutnick's close relationship with Trump and his Wall Street background have drawn skepticism. Trump’s recent tariff policies, particularly those affecting steel and aluminum, have invited backlash, including retaliatory tariffs from the European Commission. The tariff debate is further complicated by the potential imposition on pharmaceutical products, which could impact companies like Lupin Ltd, affecting their US market growth. The administration remains divided on its economic strategy, with Lutnick seen as a polarizing figure amid these trade negotiations.