Europe Asia News

US Commerce Secretary Lutnick evaluated the first 11 months of President Donald Trump’s tenure, saying: “In President Trump’s first eleven months, wages rose and prices fell. Our work never ends, but here are some of the gains achieved.”

Lutnick noted that “significantly lower prices” were negotiated for major pharmaceuticals for the first time, providing “much lower drug prices” for Americans.

Referring to tax policies, Lutnick said: “No taxes on tips, no taxes on overtime, and no taxes on Social Security payments mean more money will go directly into the pockets of working Americans next year.”

Highlighting investments aimed at boosting production in the US, Lutnick said that “trillions of dollars in new investment” across sectors such as semiconductors, steel, automotive and pharmaceuticals are strengthening domestic manufacturing and paving the way for “the largest job growth in American history.”

Lutnick also stated that access to global markets has expanded, saying: “US producers gained access to global markets for the first time. For example, Maine lobster is now served in the UK, and US cars can be sold without limits in Korea.”

On energy investments, Lutnick said: “$750 billion in investment from Japan and Korea will strengthen US energy production, lower electricity prices and create hundreds of thousands of new jobs.”