Lutnick to Newsmax: GDP Dip Is Transitory, ‘Natural Reaction’

Do not worry about Wednesday morning’s 0.3% gross domestic product dip from January through March under President Donald Trump, according to Commerce Secretary Howard Lutnick on Newsmax.

“If you think about GDP, domestic production, when they know tariffs are coming, all the foreigners just pour it in,” Lutnick told “Rob Schmitt Tonight” in an exclusive interview Wednesday.

“So while there’s lots for sale, it’s not domestically produced product. 

Read more at Newsmax© 2025 Newsmax. All rights reserved.

There is no custom code to display.