Billionaire financier Howard Lutnick, President Donald Trump's choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days. “I will divest, I will sell all of my interests,

Commerce Secretary nominee Howard Lutnick defended Tether in a Senate hearing, arguing AI will "rid the world of criminals" using blockchain.

Democrats are looking to exploit the Commerce secretary nominee’s vast wealth and financial entanglements at his confirmation hearing Wednesday.

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Mexico's president on Wednesday said her nation is in dialogue with the White House and was confident that the 25% tariff isn't imminent.

President Trump’s cabinet picks have assets worth at least $1.5 billion. Here’s how each cabinet member made their wealth.

WASHINGTON (Reuters) -President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid looming U.S. tariffs if they act swiftly to close their borders to fentanyl, while vowing to slow China's advancement in artificial intelligence.

The U.S. is threatening a two-stage tariff plan in which Canada and Mexico could get hit with initial trade penalties within days, then face broader penalties this spring.In summary, it's: maybe tariffs now,

In a story published Jan. 28, 2025, about billionaires who are advisers to President Donald Trump, The Associated Press erroneously stated that Doug Burgum has an estimated net worth of

United States President Donald Trump said Thursday he is going ahead with his plan to impose 25% tariffs on exports from Mexico and Canada.

Donald Trump's self-imposed deadline for a first round of tariffs on Canada, Mexico, and China looms as economic observers and world leaders try to plan amid the uncertainty.