The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.

Commerce Secretary Howard Lutnick on Tuesday called President Trump's economic policies "the most important thing America has ever had." The big picture: Concerns are building that the Trump administration's tariffs might trigger a recession and CBS News' Nancy Cordes asked Lutnick whether the policies would "be worth it if they lead to a recession,

U.S. Commerce Secretary Howard Lutnick defended President Donald Trumps economic policies in a CBS interview, insisting they were worth it even if they triggered a recession. He emphasized that Trumps policies were