U.S. Commerce Secretary: U.S. Q1 Growth Expected to Exceed 5%, Warns Europe Against Implementing Tariff Retaliation
Jinse Finance reported that U.S. Secretary of Commerce Howard Lutnick stated on Tuesday that he expects U.S. GDP growth in the first quarter of 2026 to exceed 5%. However, he also warned the European Union not to retaliate against the tariffs threatened by President Trump regarding Greenland. Speaking at a forum during the World Economic Forum in Davos, Switzerland, Lutnick pointed out that if Europe implements its threatened tariff retaliation, "then the situation will return to a cycle of escalating tariffs between both sides."
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