Financial executive Howard Lutnick has voiced strong support for President Trump’s escalating tariff strategy, assuring consumers that everyday electronics like iPhones and laptops will not be targeted under the current trade measures.
Lutnick, CEO of Cantor Fitzgerald, praised the administration’s approach, saying the tariffs are strategically designed to protect American jobs and industries without disrupting access to essential tech products. He emphasized that the policy is carefully calibrated to avoid backlash from consumers who rely heavily on imported electronics.
His comments come amid growing concerns about how the trade moves could affect prices on goods shipped from China. However, Lutnick insisted that the tariffs are aimed at high-impact sectors and adversarial economic behavior—not mainstream consumer items.
The reassurance is expected to ease some market anxiety as the White House presses forward with its broader trade realignment. Industry leaders say protecting core consumer technology while enforcing tough trade standards shows the administration is focused on long-term economic positioning rather than short-term shock.
The White House has not indicated any plans to reverse course, and officials maintain that key imports like smartphones remain exempt to protect both business and household spending power.