Sec. Lutnick: Tariff Exemption Likely ‘Will Cover All USMCA Compliant Goods and Services’

EISEN Let s get ░░░░░░░░ reaction from the White ░░░░░░░░ on President Trump s ░░░░░░░░ tariff moves Commerce Secretary ░░░░░░░░ Lutnick joins us now ░░░░░░░░ Lutnick welcome Good to ░░░░░░░░ you LUTNICK Great to ░░░░░░░░ you EISEN It s ░░░░░░░░ a bit of a ░░░░░░░░ coaster so we ll ░░░░░░░░ with the latest news ░░░░░░░░ is the breathing room ░░░░░░░░ President Trump is giving ░░░░░░░░ the automakers a month ░░░░░░░░ for those tariffs on ░░░░░░░░ and Canada Why one ░░░░░░░░ and why just the ░░░░░░░░ LUTNICK So it s ░░░░░░░░ likely to be just ░░░░░░░░ automakers I mean the ░░░░░░░░ is going to decide ░░░░░░░░ today but he s ░░░░░░░░ about it But I ░░░░░░░░ it s likely that ░░░░░░░░ will cover all USMCA ░░░░░░░░ goods and services So ░░░░░░░░ which is part of ░░░░░░░░ Trump s deal with ░░░░░░░░ and Mexico are likely ░░░░░░░░ get an exemption from ░░░░░░░░ tariffs Now this comes ░░░░░░░░ that Canada has done ░░░░░░░░ enormous amount they ve ░░░░░░░░ us an enormous amount ░░░░░░░░ work on fentanyl and ░░░░░░░░ is Mexico Matter of ░░░░░░░░ the president and and ░░░░░░░░ are speaking to our ░░░░░░░░ counterparties later today this ░░░░░░░░ So we think this ░░░░░░░░ likely the likely outcome ░░░░░░░░ be sort of in ░░░░░░░░ middle So USMCA compliant ░░░░░░░░ and services will be ░░░░░░░░ and everything else So ░░░░░░░░ you think about it ░░░░░░░░ way if you lived ░░░░░░░░ Donald Trump s U ░░░░░░░░ Mexico and Canada Agreement ░░░░░░░░ will get a reprieve ░░░░░░░░ the tariffs now And ░░░░░░░░ you chose to go ░░░░░░░░ of that you did ░░░░░░░░ at your own risk ░░░░░░░░ today is when that ░░░░░░░░ comes EISEN Now you ░░░░░░░░ get a reprieve now ░░░░░░░░ one month or you ░░░░░░░░ get a reprieve altogether ░░░░░░░░ these new tariffs LUTNICK ░░░░░░░░ the reprieve is for ░░░░░░░░ month Remember the month ░░░░░░░░ is about fentanyl and ░░░░░░░░ the border So they ░░░░░░░░ been working hard to ░░░░░░░░ the border but we ░░░░░░░░ not seeing the reduced ░░░░░░░░ of deaths of autopsy ░░░░░░░░ from fentanyl And the ░░░░░░░░ is just right on ░░░░░░░░ topic He is going ░░░░░░░░ protect American lives and ░░░░░░░░ s being very very ░░░░░░░░ on it But let ░░░░░░░░ face it if you ░░░░░░░░ not tough on protecting ░░░░░░░░ lives what s the ░░░░░░░░ of being the president ░░░░░░░░ the United States He ░░░░░░░░ so strong and focused ░░░░░░░░ protecting American lives And ░░░░░░░░ s going to crack ░░░░░░░░ and make sure this ░░░░░░░░ is not coming in ░░░░░░░░ s why he s ░░░░░░░░ the tariff on China ░░░░░░░░ in 2019 President Xi ░░░░░░░░ Donald Trump when he ░░░░░░░░ president that he would ░░░░░░░░ the death penalty on ░░░░░░░░ who made the fentanyl ░░░░░░░░ And the president is ░░░░░░░░ to get that in ░░░░░░░░ stop these ingredients and ░░░░░░░░ fentanyl coming in Now ░░░░░░░░ 2nd EISEN Mm hmm ░░░░░░░░ is when we begin ░░░░░░░░ reciprocal tariffs So if ░░░░░░░░ think about it what ░░░░░░░░ said was OK between ░░░░░░░░ and April 2nd I ░░░░░░░░ just going to give ░░░░░░░░ I m going to ░░░░░░░░ that aside from these ░░░░░░░░ but just for this ░░░░░░░░ And then on April ░░░░░░░░ it s really it ░░░░░░░░ not that this reprieve ░░░░░░░░ it s that on ░░░░░░░░ 2nd the reciprocal tariffs ░░░░░░░░ How you treat us ░░░░░░░░ how we expect to ░░░░░░░░ you And you have ░░░░░░░░ idea what Canada does ░░░░░░░░ mean the dairy products ░░░░░░░░ all this other stuff ░░░░░░░░ s it s got ░░░░░░░░ end.”