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Howard Lutnick

Politics
Ontario Premier Walks Back 25% Surcharge Threat On Electricity To NY, Other States Ontario Premier Walks Back 25% Surcharge Threat On Electricity To NY, Other States
Ontario Premier Walks Back 25% Surcharge Threat On Electricity To NY, Other States Just one day after announcing a 25% surcharge on electricity exports to three US states–including New York–Ontario Premier Doug Ford has agreed to suspend the fee following talks with US officials. Ford and US Commerce Secretary Howard Lutnick announced Tuesday, March 11, that they had agreed to meet in Washington, DC on Thursday, March 13, alongside the US Trade Representative, to discuss the future of the U.S.-Mexico-Canada Agreement (USMCA) ahead of an April reciprocal tariff deadline. “In response, Ontario agreed to suspend its 25 percent surcharge on exports of electricity to Michigan,…

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by Michael Mashburn
Business
Trump Halts Mexico Tariffs Amid Rising Trade Tensions, Domestic Economic Fears Trump Halts Mexico Tariffs Amid Rising Trade Tensions, Domestic Economic Fears
Trump Halts Mexico Tariffs Amid Rising Trade Tensions, Domestic Economic Fears President Donald Trump is reversing course on tariffs against Mexico, stepping back from a trade war he started with the nation's southern neighbor. In a Thursday, Mar. 6 post on his social media platform Truth Social, Trump said he struck a deal with Mexican President Claudia Sheinbaum to delay tariffs on goods covered by the United States-Mexico-Canada Agreement (USMCA). The pause will be in effect until Tuesday, Apr. 2. "I did this as an accommodation, and out of respect for, President Sheinbaum," Trump posted. "Our relationship has been a very good one, and we are working hard, to…

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by Chris Spiker
Business
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Job growth in the private sector slowed to its weakest pace in seven months, as hiring lags amid economic uncertainty and rising trade tensions, according to new data. Private employers added just 77,000 jobs in February, the ADP said in its National Employment Report released on Wednesday, Mar. 5. That number marks the smallest job growth since July 2024 and was down sharply from January's revised total of 186,000. February's data is the latest in a wave of troubling economic indicators during the first two months of President Donald Trump's return to office. "Policy uncertainty…

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by Chris Spiker
Politics
Stocks Plummet After Trump Says Tariffs On Canada, Mexico Will Start, Igniting Trade War Fears Stocks Plummet After Trump Says Tariffs On Canada, Mexico Will Start, Igniting Trade War Fears
Stocks Plummet After Trump Says Tariffs On Canada, Mexico Will Start, Igniting Trade War Fears President Donald Trump announced that tariffs on Canada and Mexico will take effect in less than a day, sending the stock market tumbling amid fears of a trade war. Trump said on Monday afternoon, March 3, that the US will impose 25 percent rates on imports from the two neighboring nations and the United States’ primary trading partners, effectively quashing any last-minute hopes for a negotiated agreement. “There’s no room left for Mexico or for Canada” to negotiate to prevent the tariffs from taking effect on Tuesday, March 4, Trump said at the White House, adding, “They’re all set.” The…

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by Joe Lombardi
News
LI's Lee Zeldin Among Trump Admin Picks From NY Targeted With Bomb Threats LI's Lee Zeldin Among Trump Admin Picks From NY Targeted With Bomb Threats
LI's Lee Zeldin Among Trump Admin Picks From NY Targeted With Bomb Threats Several New York politicians received bomb threats as part of a widespread attack targeting President-elect Donald Trump’s Cabinet picks and administrative appointees. The attacks, which ranged from bomb threats to prank “swatting” calls meant to dispatch a large number of armed police officers to a target’s residence, were made Tuesday night, Nov. 26, and Wednesday morning, Nov. 27. “Last night and this morning, several of President Donald Trump’s Cabinet nominees and administration appointees were targeted in violent, un-America threats to their lives and those who live with them,” said K…

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by Michael Mashburn
Politics
Linda McMahon Picked To Head Department Of Education Linda McMahon Picked To Head Department Of Education
Linda McMahon Picked To Head Department Of Education President-elect Donald Trump named Linda McMahon, a prominent figure in business and politics, the next Secretary of the Department of Education. Trump noted McMahon's two years working on the Connecticut Board of Education when nominating her as the nation's top teacher. “As Secretary of Education, Linda will fight tirelessly to expand 'Choice' to every State in America, and empower parents to make the best Education decisions for their families,” Trump said in a statement that promised she would be a “fierce advocate for Parents’ Rights.” Related: Dr. Oz Tapped To Oversee Medicare, Medi…

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by Josh Lanier
Politics
Trump Taps Billionaire Financier, Jericho Native For Commerce Secretary Trump Taps Billionaire Financier, Jericho Native For Commerce Secretary
Trump Taps Billionaire Financier, Jericho Native For Commerce Secretary President-elect Donald Trump has picked another New Yorker for a top Cabinet post. Howard Lutnick, a Long Island native from Jericho and the chairman and CEO of Cantor Fitzgerald, is his pick for commerce secretary. “He will lead our tariff and trade agenda, with additional direct responsibility for the Office of the United States Trade Representative,” Trump announced on Truth Social on Tuesday, Nov. 19. Earlier Report: Trump Selects Vaccine-Skeptic Robert F. Kennedy Jr. As Secretary Of Health, Human Services Lutnick, a co-chair of the president-elect’s transition team, has spent …

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by Michael Mashburn