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 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 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 argues American workers can compete globally if Washington implements tariffs and policies prioritizing domestic jobs.
“We have the workers, the know-how, and the work ethic to compete with anyone in the world, and our job in Washington is to make sure our policies, including tariffs, put American companies and American jobs first while giving manufacturers a fair shot to grow and compete globally. My job is to bring the successes and challenges facing the people in Northeastern Pennsylvania to those in Washington and that’s what we did today.”