Lutnick testifies on Commerce budget

Howard Lutnick's testimony before the Senate Appropriations Committee focused on the administration's trade agenda and the ongoing efforts to support domestic manufacturing.

The Secretary faced questions about how the Commerce Department plans to navigate the trade landscape after the high court's blow to the president's tariff strategy.

Lutnick emphasized the need for 'monetary sovereignty' and outlined plans to use remaining regulatory tools to protect U.S. industries from foreign competition.

The hearing also touched on the impact of the Iran war on global supply chains and the administration's push to secure critical minerals from allied nations.