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Commerce Secretary Lutnick doesn't back down in face of market sell-off: 'The tariffs are coming'

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Commerce Secretary Howard Lutnick said the White House will not postpone the April 9 start date for reciprocal tariffs.

Stocks have sold off heavily in the U.S. and around the world after President Donald Trump rolled out broad-ranging tariffs on April 2 .

In addition to a 10% duty on all imported goods, higher levies on imports from 57 countries.