Howard Lutnick Says 'Tariffs Are Working,' Slams Critics After ISM Manufacturing Beats Expectations: 'The So-Called Experts Were Wrong' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), State Street SPDR S&

Core Insights - The U.S. manufacturing sector has shown a significant rebound, marking its first expansion in over two years, attributed to the Trump administration's trade policies [2][3][4] Manufacturing Sector Performance - The Institute for Supply Management (ISM) reported that the Manufacturing PMI rose to 52.6% in January from 47.9% in December, surpassing analysts' expectations and indicating growth [2] - The New Orders Index increased to 57.1%, up 9.7 percentage points, while the Production Index rose to 55.9%, indicating broad-based growth within the sector [5] Economic Strategy and Tariffs - U.S. Commerce Secretary Howard Lutnick credited the manufacturing revival to President Trump's trade policies, framing the data as a rebuttal to critics who warned that tariffs could hinder growth [3][4] - Lutnick emphasized that tariffs are strengthening American manufacturing while reducing imports, asserting that the previous warnings from experts were incorrect [4] Industry Growth - Nine industries reported growth, with Printing & Related Support Activities and Apparel, Leather & Allied Products leading the way [6] - Despite claims of reduced imports, the ISM data indicated that the Imports Index remained unchanged at 50.0% after a contraction in December [6]