Summary

Commerce Secretary Howard Lutnick admitted on CBS’s Face the Nation that US workers won’t reclaim traditional manufacturing jobs under Trump’s tariff-heavy strategy.

While promising “trillions” in new investment, he confirmed that new factories would be automated. Lutnick touted support roles like mechanics and HVAC technicians instead.

Critics cite the tariff policy inconsistency and rising consumer costs.

Market reactions have been severe, with steep losses and fears of trade wars as China and others prepare retaliatory tariffs.