Lutnick Discusses Stock Market Shock
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Transcript: Commerce Secretary Howard Lutnick on "Face the Nation with Margaret Brennan," April 6, 2025
59% Informative
Commerce Secretary Howard Lutnick says tariffs are a national security issue.
He says the rest of the world has been ripping the U.S. off for years .
Lutnik: "We don't make medicine in this country anymore. We don't have enough steel and aluminum to fight a battle" The rest of world owns $18 trillion of America , he says, and eventually we're not going to own America .
Treasury secretary says tariffs will stay in place at least for days or weeks .
He says the countries of the world are ripping us off, and it's got to end.
The president needs to reset global trade, he says, and zero-zero is the way to stop the rip off.
No countries left off the list of countries that try to arbitrage America go through those countries to us.
President wants to fix the trade deficit of the United States of America .
He's tired of getting ripped off by the rest of the world, and he's going to fix that.
The country is focused on- you realize, trillions of dollars of factories will be built in America .