Commerce Secretary Howard Lutnick assured Americans that there would be no recession, citing President Trump’s plans to implement reciprocal tariffs on foreign goods to boost the U.S. economy.

While some foreign goods may become more expensive due to these tariffs, Lutnick predicted that American products, especially agricultural goods, would become cheaper.

Trump also confirmed that these tariffs would take effect on April 2 and that exemptions for Canada and Mexico would expire.

Lutnick emphasized that the tariffs were intended to protect American interests and curb issues like the fentanyl crisis, NBC News has reported.

He also defended Trump’s relationship with Elon Musk, calling him a valuable partner to Cabinet members.

Written by B.C. Begley