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,”