Lutnick explains Commerce Department controls export controls and 232 tariffs on autos, pharmaceuticals, and semiconductors.
“It has BIS, right? BIS, the Bureau of Industry and Security, Export controls, two thirty two tariffs, that's the auto tariffs, the pharmaceutical tariffs, the semiconductor tariffs,”
“the Commerce Department has the most tools, right? It has BIS, right? BIS, the Bureau of Industry and Security, Export controls, two thirty two tariffs, that's the auto tariffs, the pharmaceutical tariffs, the semiconductor tariffs, All steel and aluminum, these, and these are not part of the Supreme Court case. They are not. These are durable, defensible.”
Lutnick explains Commerce Department controls 232 tariffs on autos, pharmaceuticals, semiconductors, steel and aluminum through BIS and export controls.
“BIS, the Bureau of Industry and Security, Export controls, two thirty two tariffs, that's the auto tariffs, the pharmaceutical tariffs, the semiconductor tariffs, All steel and aluminum,”
Lutnick visits IBM in Yorktown Heights to highlight U.S. quantum computing leadership enabled by Commerce CHIPS deals
“Great to be in Yorktown Heights, New York with IBM’s CEO, to see firsthand America’s quantum computing leadership. We are far ahead, thanks to American innovation and the Commerce Department’s cutting-edge CHIPS deals that have catapulted this industry forward.”