Lutnick defends tariffs as tensions ease with Ontario: 'It's worth it'

Commerce Secretary Howard Lutnick defended President Donald Trump’s tariffs as support wobbled this week over stock market volatility, and he said the end result would be “worth” the economic stumbles.

During an interview with CBS News on Tuesday, Lutnick was pressed on whether there are any concerns the Trump administration’s tariff policies might lead to a recession after the United States and Canada engaged in a power struggle over Ontario’s 25% electricity tariff on Minnesota, Michigan, and New York.