Howard Lutnick
  • All of the deals will be incredibly smart and incredibly thoughtful
  • If we cut our trade deficit in half, that's 2 percentage points of GDP
  • Americans are going to work in factories as technicians
  • You're going to see the greatest domestic resurgence in auto manufacturing in the next two years, and I'll wear it
  • You're going to see US export cars from America and you'll say, "yeah he was right"
  • I'm relying on Treasury Secretary Scott Bessent, as we all are, to get a deal done with China
  • Trump is not focused on the markets

The GDP math is such a tiresome argument. If you gain on the trade deficit by charging people people $2000 for an iPhone built domestically, then they won't have that money to spend on other domestic goods/services.

Source: Forex Live