U.S. Commerce Secretary Howard Lutnick said on Thursday he expects the country to collect $50 billion a month in tariff revenues or more - up from $30 billion last month - as higher levies on imports from dozens of countries kick in.

Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negotiations between the two countries underway in Stockholm.

U.S. Commerce Secretary Howard Lutnick said on Thursday he expects the country is heading towards $50 billion a month in tariff revenues as higher levies on imports from dozens of countries kick in.

China trade deadline by another 90 days, Commerce Secretary Howard Lutnick tells FOX Business, adding "everything's on the table."