Newly-confirmed commerce secretary 'so pumped up' for Trump's economic, fiscal agenda
Published On Feb 19, 2025, 9:51 PM
Commerce Secretary Howard Lutnick expressed strong enthusiasm for President Trump's economic agenda, which aims to balance the federal budget by the end of his term. Lutnick plans to tackle government waste and support measures like reciprocal tariffs. His confirmation is seen as a pivotal moment for the Trump administration's economic policies, emphasizing fiscal responsibility and trade reforms.
Stock Forecasts
SPY
Positive
With the new policies announced by Commerce Secretary Lutnick, which aim to reduce government waste and implement tariffs, there could be a positive effect on stocks in industries that benefit from these changes, especially domestic manufacturing and sectors like technology and pharmaceuticals that might see tariff protections.
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