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Commerce Secretary Lutnick: Jobs number will 'get better' after Trump fired BLS chief
CNBC Televisionยท2025-09-05 12:49

Tariff Strategy & Trade Policy - The administration's entire tariff strategy is questioned if the Supreme Court doesn't rule in its favor [1] - The president possesses various other authorities, including 232s, 301s, and 338s, to implement trade policies [5][6] - Existing trade deals with Japan and Europe, covering autos, pharmaceuticals, and semiconductors, are expected to remain durable [5][6] - Europe is reportedly paying the US 15% while US exporters pay zero, indicating an asymmetric trade relationship [7] - Japan has allocated $550 billion for projects aligned with the president's objectives, such as bringing semiconductor manufacturing back to the US [8] Economic Growth & Investment - Over $500 billion a year is reportedly coming in, potentially due to the president's policies [6] - CEOs have reportedly committed an additional $600 billion in investment in America [19] - The economy is projected to experience significant growth in the coming months, driven by investments in plants and factories [16][17] - The current GDP growth is at 3%, with expectations for continued growth throughout the year [17] Data Credibility & Agency Alignment - There are concerns about the credibility of jobs numbers following changes in leadership at the BLS [10] - The administration aims to remove individuals perceived as being against the president to ensure accurate data reporting [15] - The goal is to have agencies aligned with the president's agenda to provide correct numbers and support America's success [12][13]