Natural resources that are not grown in the United States, including coffee and cocoa, could be exempt from import tariffs when trade deals with producing countries are reached, U.S. Commerce Secretary Howard Lutnick said on Tuesday.

Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negotiations between the two countries underway in Stockholm.

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Commerce Secretary Howard Lutnick encouraged officials from South Korea to bring their best and final trade deal to the table during a recent meeting in Scotland, according to people familiar with the matter.

Tariffs are coming on August 1 and there will be no more extensions, Commerce Secretary Howard Lutnick said. President Donald Trump imposed his “Liberation Day” tariffs in April, causing a rollercoaster stock market. A week later, he announced a 90-day pause, which has now expired, with many set to take effect Friday.

The commerce secretary said President Donald Trump's sweeping new tariffs would drive as much as 1.5 percent gross domestic product growth.

Commerce Secretary Howard Lutnick signaled Monday that the Trump administration appears “likely” to extend a pause on tariffs with China as trade negotiations continue, while the South Koreans “really,

US Commerce Secretary Howard Lutnick stated President Trump favors TikTok, but insists on American ownership to address security concerns over Chinese