To close loopholes: US on imposing tariffs on uninhabited islands

US Commerce Secretary Howard Lutnick defended the 10% reciprocal tariffs on uninhabited Heard Island and McDonald Islands, calling it a move to close "ridiculous loopholes". "If you leave anything off the list, the countries that try to basically arbitrage America go through those countries to us," he said. The islands are known for their populations of penguins, seabirds and seals.

Load More