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Trump's Tariff Hike Sparks Backlash, Lutnick Defends Trade Deals

1/21/2026

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Lutnick Defends Tariffs
  • Commerce Secretary Howard Lutnick addressed concerns over U.S. President Donald Trump's tariffs and Greenland ambitions in a Davos interview.
  • Lutnick expressed confidence disagreements with European allies would be resolved and defended the strength of existing trade deals.
  • Trump announced new tariffs on several European countries, rising from 10% to 25% by June, prompting backlash.
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