Lutnick says 15% tariff rate was chosen as the trade-maximizing number for the EU deal.
“Yes. Right? Because everyone, otherwise, you just raise your price forever. So there's a price where so we knew that 15% was the maximizing number,”
“So if you want to negotiate with him, I said, Use your superpower. She says, What's that? I go, You're a woman of great authority.”
Lutnick advised von der Leyen not to attack Trump directly because confrontation charges him up.
“You know, that's too much. Like don't say no. Don't do that. Because if you go at Donald Trump, he's going to win.”
Lutnick says 15% tariff on Europe was calculated as the revenue-maximizing rate without reducing trade volume.
“So there's a price where so we knew that 15% was the maximizing number, where you do the most trade with Europe,”