US commerce secretary Howard Lutnick insists Trump tariffs 'absolutely not' leading to recession

US tariffs of 25% on imports of steel and aluminum will take effect as scheduled on Wednesday

US commerce secretary Howard Lutnick has insisted fears that Trump's global tariffs would cause a recession in the United States are unfounded.(AP Photo/Ben Curtis)

US commerce secretary Howard Lutnick has insisted fears that US president Donald Trump's global tariffs will not lead to a recession in the United States.

"Absolutely not," Mr Lutnick told NBC on Sunday. "There's going to be no recession in America."