During his confirmation hearing, Howard Lutnick stated he would divest all business holdings within 90 days and endorsed a country-by-country approach to tariffs as a means of restoring trade reciprocity. Lutnick highlighted the importance of addressing perceived injustices in global trade practices and affirmed that tariffs could be a tool for creating mutual respect among trading nations. He also downplayed concerns about tariffs leading to inflation, arguing that they could benefit U.S. farmers and the economy, amid differing views within the Trump administration on tariff strategy.