Lutnick claims Canada walked away from a finalized trade deal that both sides had agreed to for political reasons.
“We had a deal. We shook hands. The president announced it. Right? Everybody was positive. Canada made the decision for political purposes.”
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“I met with LeBlanc 10 times. I spoke to Carney twice. These were not raised. These were not part of it. This is different thing.”
Lutnick says he and Trump designed the tariff policy together over a year and a quarter before taking office.
“We talked it through, he taught me, I tell you what, he taught me everything about tariffs. We designed the tariff policy together, and we talked Did you about the believe in tariffs?”
Lutnick says he and Trump designed the tariff policy together over a year before taking office.
“We designed the tariff policy together, and we talked Did you about the believe in tariffs? Security I didn't really understand tariffs before I met Donald Trump.”
Lutnick says they implemented full tariff policy by April because they prepared for over a year, faster than anyone before.
“Think about January 20, he walks into the Oval Office, and by April, full on tariff policy is gone.”
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,”
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,”
Lutnick says 15 percent was calculated as the optimal tariff rate to maximize U.S. revenue without reducing trade with Europe.
“we knew that 15% was the maximizing number, where you do the most trade with Europe, and that's the highest price you could charge without denting that trade.”
Lutnick claims Kuwait has the highest tariffs against the US despite being freed by America.
“You know who has the highest tariffs against The United States Of America? The number one country with the highest tariffs against The United States Of America? Kuwait.”
Lutnick reveals Kuwait has the highest tariffs against the US despite America freeing them.
“You know who has the highest tariffs against The United States Of America? The number one country with the highest tariffs against The United States Of America? Kuwait. And you think, what? That's insane.”
post Lutnick contrasts Trump's rejection of trade deficits with prior politicians' acceptance, emphasizing America First trade policy
https://x.com/howardlutnick/status/2085320862979227806