Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says

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Commerce Secretary Howard Lutnick on Wednesday denied that the Trump administration's tariff policies were to blame after a new report showed a surprise drop in private payrolls in November. Instead, Lutnick argued on CNBC's " Squawk on the Street " that the government shutdown temporarily slowed small-business activity. He added that the federal efforts to enact mass deportations of undocumented immigrants also suppressed jobs numbers. "No, no, it's not tariffs," Lutnick said when asked

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