Trump Commerce Secretary Says Tariffs Are ‘Worth It’ Even If There’s a Recession

CORDES voice over By ░░░░░░░░ however the Dow had ░░░░░░░░ another 1 Since Thursday ░░░░░░░░ has fallen more than ░░░░░░░░ 5 LUTNICK The markets ░░░░░░░░ going to learn Let ░░░░░░░░ deal maker make his ░░░░░░░░ CORDES voice over Commerce ░░░░░░░░ Howard Lutnick brokered today ░░░░░░░░ truce with the Ontario ░░░░░░░░ CORDES What is really ░░░░░░░░ accomplished with all of ░░░░░░░░ one or two day ░░░░░░░░ that end up getting ░░░░░░░░ LUTNICK Well when you ░░░░░░░░ negotiating with someone and ░░░░░░░░ re not paying attention ░░░░░░░░ they re disagreeing the ░░░░░░░░ who s the best ░░░░░░░░ maker ever to sit ░░░░░░░░ that chair is going ░░░░░░░░ say Here s my ░░░░░░░░ And then all of ░░░░░░░░ sudden shockingly they respond ░░░░░░░░ voice over And yet ░░░░░░░░ prospect of an aggressive ░░░░░░░░ war has prompted both ░░░░░░░░ and Goldman Sachs to ░░░░░░░░ up the risk of ░░░░░░░░ recession this year CORDES ░░░░░░░░ these policies be worth ░░░░░░░░ if they lead to ░░░░░░░░ recession even a short ░░░░░░░░ recession LUTNICK These policies ░░░░░░░░ the most important thing ░░░░░░░░ s ever had CORDES ░░░░░░░░ it is worth it ░░░░░░░░ It is worth it ░░░░░░░░ I don t think ░░░░░░░░ the only reason there ░░░░░░░░ possibly be a recession ░░░░░░░░ because of the Biden ░░░░░░░░ that we had to ░░░░░░░░ with These policies produce ░░░░░░░░ CORDES So you re ░░░░░░░░ when it looks chaotic ░░░░░░░░ unpredictable from the outside ░░░░░░░░ there actually is a ░░░░░░░░ plan when it comes ░░░░░░░░ these tariffs LUTNICK It ░░░░░░░░ not chaotic And the ░░░░░░░░ one who thinks it ░░░░░░░░ chaotic is someone who ░░░░░░░░ being silly He said ░░░░░░░░ tariffs CORDES Nobody expected ░░░░░░░░ to announce 50 tariffs ░░░░░░░░ morning LUTNICK He needed ░░░░░░░░ break some guy in ░░░░░░░░ who said he was ░░░░░░░░ to tax American energy ░░░░░░░░ The president of the ░░░░░░░░ States in the White ░░░░░░░░ says Oh no you ░░░░░░░░ t and breaks him ░░░░░░░░ you think that s ░░░░░░░░