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Lutnick says 10% tariffs here to stay, but insists consumers won't pay for it
axios.com/2025/05/11/trump-trade-war-lutnick-tariffs
Baseline global tariffs of 10% are likely to stay, Commerce Secretary Howard Lutnick said Sunday — but he insisted countries and businesses, and not consumers, would pay.
Why it matters: Economists generally disagree, and sentiment surveys say consumers don't believe it, either.
What…
This story appeared on axios.com, 2025-05-11 13:36:09.