Yahoo Finance: Warren asks Lutnick how Trump will stop tariff-driven price hikes

Sen. Elizabeth Warren sent a letter Tuesday to Commerce Secretary Howard Lutnick urging him to explain how the Trump administration plans to prevent companies from using tariffs as a cover to hike prices.

"Tariffs can be a strategic tool to grow American industry and good manufacturing jobs, but President Trump’s across-the-board tariffs have been chaotic, not strategic," the Democratic lawmaker wrote in the letter reviewed by Yahoo Finance.

"I am deeply concerned that President Trump is now enabling this corporate greed, allowing companies to increase prices across the board, regardless of whether goods are actually subject to tariffs."

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