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Groundbreaking Moment: Commerce Secretary Lutnick Visits TSMC Arizona Facility, Highlights Domestic Semiconductor Manufacturing Boost
Published 9 months, 3 weeks ago
Description
Commerce Secretary Howard Lutnick recently marked the 100th day of the Trump administration with a visit to Taiwan Semiconductor Manufacturing Company's (TSMC) Arizona fabrication facility for the groundbreaking of its third fab. This visit, which took place on April 29, 2025, highlights the administration's focus on boosting domestic semiconductor manufacturing.
Lutnick, who was confirmed as Commerce Secretary on February 18, 2025, by a 51-45 Senate vote, has been a key figure in implementing President Trump's trade agenda. The former Cantor Fitzgerald CEO has been vocal about his commitment to what he calls "resetting global trade" and addressing America's trade deficit.
In a recent interview on "Face the Nation with Margaret Brennan" on April 6, Lutnick defended the administration's tariff policies, stating, "There is no postponing. They are definitely going to stay in place for days and weeks." He emphasized that the administration's goal is to protect factories built in America and encourage more companies to manufacture domestically.
The Commerce Secretary has also addressed concerns about tariff exemptions for electronics. On April 13, he clarified that these exemptions are only temporary, with "semiconductor tariffs" likely coming in the near future. This aligns with the administration's broader strategy to protect American manufacturing interests.
Regarding relations with China, Lutnick expressed confidence that President Trump and President Xi will work out trade issues despite current tensions. In an ABC News interview, he stated, "I am completely confident, as is [Trump], that this will be worked out in a positive, thoughtful and effective way for the United States of America."
When questioned about controversial remarks made by Vice President JD Vance referring to Chinese people as "peasants," Lutnick avoided direct criticism of the Vice President. Instead, he focused on the administration's concerns about Chinese trade practices, saying, "The government of China assists their businesses to undercut our businesses, drive them out of business and take that manufacturing over to China."
Lutnick was officially sworn in as Commerce Secretary on February 21, 2025, in a ceremony held in the Oval Office. Since taking office, he has worked on implementing the administration's tariff program and has been involved in preparations for the 2025 SelectUSA Investment Summit, recently announcing the first wave of global business leaders and U.S. Governors who will participate.
As Commerce Secretary, Lutnick also oversees the Census Bureau during an important phase of the decennial census cycle. During his confirmation hearing, he affirmed his commitment to ensuring that "we will count each whole person" in response to questions about the census.
This content was created in partnership and with the help of Artificial Intelligence AI
Lutnick, who was confirmed as Commerce Secretary on February 18, 2025, by a 51-45 Senate vote, has been a key figure in implementing President Trump's trade agenda. The former Cantor Fitzgerald CEO has been vocal about his commitment to what he calls "resetting global trade" and addressing America's trade deficit.
In a recent interview on "Face the Nation with Margaret Brennan" on April 6, Lutnick defended the administration's tariff policies, stating, "There is no postponing. They are definitely going to stay in place for days and weeks." He emphasized that the administration's goal is to protect factories built in America and encourage more companies to manufacture domestically.
The Commerce Secretary has also addressed concerns about tariff exemptions for electronics. On April 13, he clarified that these exemptions are only temporary, with "semiconductor tariffs" likely coming in the near future. This aligns with the administration's broader strategy to protect American manufacturing interests.
Regarding relations with China, Lutnick expressed confidence that President Trump and President Xi will work out trade issues despite current tensions. In an ABC News interview, he stated, "I am completely confident, as is [Trump], that this will be worked out in a positive, thoughtful and effective way for the United States of America."
When questioned about controversial remarks made by Vice President JD Vance referring to Chinese people as "peasants," Lutnick avoided direct criticism of the Vice President. Instead, he focused on the administration's concerns about Chinese trade practices, saying, "The government of China assists their businesses to undercut our businesses, drive them out of business and take that manufacturing over to China."
Lutnick was officially sworn in as Commerce Secretary on February 21, 2025, in a ceremony held in the Oval Office. Since taking office, he has worked on implementing the administration's tariff program and has been involved in preparations for the 2025 SelectUSA Investment Summit, recently announcing the first wave of global business leaders and U.S. Governors who will participate.
As Commerce Secretary, Lutnick also oversees the Census Bureau during an important phase of the decennial census cycle. During his confirmation hearing, he affirmed his commitment to ensuring that "we will count each whole person" in response to questions about the census.
This content was created in partnership and with the help of Artificial Intelligence AI