South Korea's top trade negotiators met with U.S. Commerce Secretary Howard Lutnick, with both sides reaffirming their intention to reach a tariff deal.

Two projections show that the Trump administration's tariff revenues would not cover the next 10 years of projected deficits

WASHINGTON, July 20 (Reuters) - U.S. Commerce Secretary Howard Lutnick said on Sunday he was confident the United States can secure a trade deal with the European Union, but August 1 is a hard deadline for tariffs to kick in. Lutnick said he had just gotten off the phone with European trade negotiators and there was "plenty of room" for agreement.

Commerce Secretary Howard Lutnick revealed the unique and historic nature of the recently secured U.S.-Japan trade deal he helped negotiate during a Daily Caller Live event Thursday.

Commerce Secretary Howard Lutnick said the Federal Reserve should lower interest rates and that Fed Chair Jerome Powell "has got to go."

Lutnick and President Donald Trump speak on the phone most nights, at around one in the morning, just after Lutnick gets in bed,” New Yorker magazine writer Antonia Hitchens said.

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

The head of the American Automotive Policy Council, which represents General Motors, Ford and Stellantis, raised concerns about Trump's Japan deal.

LUTNICK: "We don't make generic pharmaceuticals. They are all made primarily in China. Think about that for a second--our antibiotics are made in China?!" This clip is from Daily Caller Live: American Jobs,