What if the tariff plan fails? Trump is ready to blame one man
Secretary of Commerce Howard Lutnick, from left, Treasury Secretary Scott Bessent, President Donald Trump and White House AI and crypto czar David Sacks (Pool via AP)
If President Donald Trump's new tariffs negatively impact the US economy, Commerce Secretary Howard Lutnick is likely to be blamed by the administration.
Lutnick has strongly supported the tariffs, believing they will balance the U.S. budget and reduce its deficit despite concerns about potential market instability and recession.
He has even reportedly advocated for more aggressive tariffs, making him a convenient scapegoat if the economic consequences are severe.
While the White House claims all members are aligned on the tariff strategy, Lutnick's outspoken support contrasts with more cautious voices within the administration.
The true economic impact of the tariffs will become evident on Thursday when the stock market reacts to the "Liberation Day" announcement.