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Investing.com -- U.S. Commerce Secretary Howard Lutnick confirmed that President Donald Trump’s trade agreements will remain in effect despite ongoing legal challenges to his tariff policies.
"These big deals are going to stay. We have lots of other authorities that the president can use," Lutnick told CNBC in an interview on Friday.
The Commerce Secretary specifically mentioned that agreements made under Section 232 authorities would remain intact, including recent trade arrangements with Japan and Europe covering automotive products, pharmaceuticals, and semiconductors.
"The 232s — so everything we just did with Japan — that holds, right? That’s durable, that stays. Europe - that stays. These are autos, pharmaceuticals, semiconductors, those all stay," Lutnick said.
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