Washington: President Donald Trump's nominee for commerce secretary, Howard Lutnick, has accused South Korea and Japan of exploiting America's "good nature." During a Senate confirmation hearing, Lutnick emphasized the necessity of collaborating with these allies to relocate their production operations to the United States.

According to Yonhap News Agency, Lutnick, a prominent businessman, highlighted products such as Japanese steel and South Korean appliances as examples of this exploitation. In response to a senator's inquiry about fostering joint ventures with U.S. allies, Lutnick remarked, "Our great allies have taken advantage of our good nature. It's time for them to partner with us and bring that production back home."

Lutnick expressed his intention to work closely with allies to enhance their manufacturing productivity domestically. He stressed the importance of collaboration, stating that it is crucial for both the American workforce and the nation's economic interests.

Additionally, Lutnick outlined his aspirations to restore semiconductor production to the United States. He pointed to the CHIPS and Science Act as a significant initial investment in this endeavor. He emphasized the need to ensure that domestic manufacturing benefits from this initiative, responding affirmatively to questions about continuing the CHIPS programs if confirmed.

Lutnick's comments also addressed concerns over federal grants and loans for South Korean businesses investing in the U.S., highlighting uncertainties under the new administration. On the topic of tariffs, Lutnick advocated for "across-the-board," "country-by-country" tariffs instead of targeted ones, aligning with Trump's strategy to address trade deficits and policy issues.

In his remarks, Lutnick underscored the importance of fair treatment in trade, advocating for the use of tariffs to foster reciprocity and respect. President Trump nominated Lutnick in November, citing his leadership role at Cantor Fitzgerald and his anticipated contribution to the administration's tariff and trade agenda.