Updated
Updated · News8000.com - WKBT · Jul 7
Lutnick Unveils $3 Million for Fennimore Industrial Park as Private Backing Lifts Project to $27 Million
Updated
Updated · News8000.com - WKBT · Jul 7

Lutnick Unveils $3 Million for Fennimore Industrial Park as Private Backing Lifts Project to $27 Million

2 articles · Updated · News8000.com - WKBT · Jul 7

Summary

  • $3 million in federal aid will help Fennimore revamp an industrial park, with Lutnick saying the grant unlocks a roughly $27 million project backed by $23 million in private investment.
  • La Crosse remarks tied the award to Trump's economic agenda, with Lutnick arguing federal infrastructure spending should be used to draw in manufacturers and protect factory jobs.
  • Lutnick also defended Trump's tariffs, saying a 10% levy is absorbed by importers and distributors rather than passed on to U.S. consumers, despite economists' broader view that consumers bear most costs.
  • On Iran, he said oil had fallen below $70 a barrel and gas was moving back below $4, even as Wisconsin pump prices remain about $1 above prewar levels and the administration calls the conflict a months-long fight.

Insights

Is the U.S.-Iran truce or weakening global demand the real reason for falling oil prices?
With a deal returning billions to Iran, what happens to American terror victims owed compensation?
If Iran's military was 'wiped out,' how is it now negotiating from a position of strength?