False gunman alarm
GOP members of the panel will have a private conversation with Greer at 10 a.m. Tuesday, according to an internal notice sent out to members of the committee and viewed by POLITICO. The committee members will also meet with Lutnick on 3:15 p.m. on Wednesday following their weekly Ways and Mean lunch at noon.
President Donald Trump announced a slew of higher tariff rates on U.S. trading partners last week, including on Japan and South Korea, beginning Aug. 1. But financial markets remained relatively calm Monday morning, signaling that investors expect that the administration will likely ratchet the higher rates back down after negotiations with the target countries.
Trump also threatened a 35 percent new tariff rate on Canadian goods last week and announced new 30 percent duties on the E.U. and Mexico over the weekend. On Monday, Trump said that he would impose 100 percent tariffs on Russia if the country can't broker a peace deal with Ukraine within 50 days.
Lutnick argued on CNBC last week that investors have learned to take the tariff news in stride as Trump successfully negotiates better trade deals for the U.S.
'I think the market should be taking it in stride,' Lutnick said last week. 'The world's gotten comfortable with the fact that Donald Trump knows what he's going, and he's out to make a better deal for America than those horrible trade deals of the past.'
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