Donald Trump’s pull for Commerce Secretary, Howard Lutnick, explained to CNBC how Trump’s taxes will not only produce the U. S. income, but also protect the American employee and increase American production.
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Before Trump actually won and Lutnick was nominated for an administration position, as Howard Lutnick put it, tariffs are” a negotiation device” and an “amazing tool” He described how the Marshall Plan and other related initiatives from the post-World War II eras were long outlived and ended up causing a system that was rigged against National manufacturing and favored our companies in Europe and Asia.  ,
Lutnick told the skeptical CNBC hosts on” Squawk Box” at the time that” We ca n’t sell a Ford or G]eneral ] M]otors ] in Europe. You go to Europe, you ca n’t sell]or ] afford a GM. Why? There’s 100 % taxes. How about in Japan, 100 % taxes”. Do you believe that Mercedes and all these Japanese companies, Porsches, and BMWs will all over the sudden be subject to 100 % tax in America, if Trump threatened to impose 100 % tariffs on European and Japanese cars? They will, of course, deal and have lower tariffs, which is not a bad thing. And lastly, Ford and General Motors are going to be able to sell in these sites”.
One CNBC interviewer repeatedly stated that Trump needed to implement levies” strategically” more than “across the table.” Lutnick countered,” When you’re running for office, you make large claims so citizens understand you, okay. Taxes are a wonderful tool that the president can apply. Trump does, however, understand “do n’t tariff stuff we do n’t make, right? … It’s meaningless. But use taxes to develop in America. If we want to make it in America, tax it, or]impose it ] if we’re competing with a tariff”. He emphasized the crucial stage:” But you got to consider, we need to protect the American worker. Finally, one is going to protect the American contractor, and Donald Trump is here to” do that.
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Yet the CNBC number acknowledged that this was the best description she’d heard about the subject when another CNBC talking head intervened to challenge Lutnick on a number of potential tariffs. Which is it, then, is that we make a lot of money with tariffs, or that we increase production and raise the wages of our employees? Lutnick asked. Either approach, “it’s a win-win scenario”. That situation will now be possible thanks to Trump and Lutnick.
He predicted,” I think what’s going to occur is we’ll create a bunch of money on the tariffs, but typically is everybody else is going to communicate with us, and we will be more honest. In 1948, straight, we came up with something called the Marshall Plan, best? After World War II, we wanted to trade our business to these countries because they were the world’s, including Germany and Japan. So we made a rule, they could tariff us and we wo n’t tariff them. So they can restore”.
At the time, Americans freely decided,” Our business is so great that we’ll use it to help you recover. When does that have ended? What do you think, 1980 straight? 1985? I mean, why]for ] years are Japan and Germany and all of Europe still tariffing the heck out of our auto industry, tariffing the heck out of our furniture industry”. He challenged the visitors,” Do you realize all your equipment purchase. that’s made unusual. It seems ridiculous. Why? it’s because they tariff us, and we do n’t tariff them. It’s therefore clear”. Then the clear, common sense monetary policy can suddenly get implemented, by Trump, Lutnick, and the incoming administration.
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