US Commerce Secretary Lutnick sees 6% growth in Q1

Joshua Gibson FXStreet

US Commerce Secretary Howard Lutnick hit the newswires with an array of policy, trade, and economic outlook soundbites on Tuesday.

Key highlights

American demand is vast for AI chips, and we dont want to do anything to stand in their way.
Lutnick refuses to answer if the Trump administration would curb Chinese licenses to access US chip markets.
The US Dollar was manipulated higher over many years.
It's more natural for the US Dollar to be at its current level.
Foreigners used trade surpluses to buy our country.
I think Q4 GDP growth will be over 5%.
We could reasonably get over 6% growth in Q1.
We will see enormous manufacturing job growth this year.
Nvidia and China must adhere to H200 chip license terms.
We follow the lead of Trump and Rubio.
The US-China Relationship is complex and nuanced, Trump is leading it.

(This story was corrected on February 11 at 08:30 GMT to say that Howard Lutnick is the US Secretary of Commerce, not Treasury Secretary.)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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