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Date
Summary
Sec. Lutnick Laments Korea Wouldn’t Let McDonald’s Bring In French Fries Because They Couldn’t Prove the Origin (clip)
Subjects
Source
CNN
Name: CNN
URL: http://www.cnn.com/
Show
The Situation Room (CNN)
Name: The Situation Room (CNN)
URL: http://situationroom.blogs.cnn.com/
Persons
Pamela Brown
, Howard W. Lutnick
Name: Pamela Brown
Employment: CNN
Position: Correspondent
Name: Howard W. Lutnick
Employment: Cantor Fitzgerald LP
Position: Chairman and Chief Executive Officer
Event
Event location
–
Link
–
Original recording
Uploaded
04/03/2025 01:31 pm
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Audio
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MP3
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0:00:54
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Transcript
LUTNICK But countries can ░░░░░░░░ their tariffs their non ░░░░░░░░ trade barriers which are ░░░░░░░░ much rougher That s ░░░░░░░░ the story I was ░░░░░░░░ to tell you is ░░░░░░░░ when we took cars ░░░░░░░░ Korea in 2012 when ░░░░░░░░ grew up there was ░░░░░░░░ Korean cars in America ░░░░░░░░ we took cars from ░░░░░░░░ the deal was we ░░░░░░░░ sell ag to Korea ░░░░░░░░ was the deal They ░░░░░░░░ t let McDonald s ░░░░░░░░ in French fries because ░░░░░░░░ couldn t prove the ░░░░░░░░ of the French fry ░░░░░░░░ is not a tariff ░░░░░░░░ is called a non ░░░░░░░░ trade barrier They take ░░░░░░░░ taxes and they subsidize ░░░░░░░░ steel industry or they ░░░░░░░░ their energy or they ░░░░░░░░ or they give the ░░░░░░░░ back to their car ░░░░░░░░ BROWN Right LUTNICK This ░░░░░░░░ has got to stop ░░░░░░░░ Let me just follow ░░░░░░░░ LUTNICK America s got ░░░░░░░░ stop being exploited and ░░░░░░░░ re going to see ░░░░░░░░ prosper And then and ░░░░░░░░ then will Donald Trump ░░░░░░░░ a deal with each ░░░░░░░░ when they ve really ░░░░░░░░ changed their ways Then ░░░░░░░░ will sit with him ░░░░░░░░ So it sounds like ░░░░░░░░ might back off down ░░░░░░░░ road but not crosstalk ░░░░░░░░ That s not back ░░░░░░░░ And that s not ░░░░░░░░ off BROWN OK so ░░░░░░░░ me so let me ░░░░░░░░ crosstalk LUTNICK That is ░░░░░░░░ the dealmaker make his ░░░░░░░░ when and only if ░░░░░░░░ countries can change everything ░░░░░░░░ themselves which I doubt ░░░░░░░░ will Because crosstalk BROWN ░░░░░░░░ he is willing to ░░░░░░░░ then So he is ░░░░░░░░ to negotiate with these ░░░░░░░░ right now or if ░░░░░░░░ decide to look LUTNICK ░░░░░░░░ is talking no talking ░░░░░░░░ These countries BROWN Because ░░░░░░░░ have abused us and ░░░░░░░░ us As he said ░░░░░░░░ they need to change ░░░░░░░░ ways BROWN All right ░░░░░░░░ me follow up crosstalk ░░░░░░░░ Let s see them ░░░░░░░░ their ways It s ░░░░░░░░ to be a long ░░░░░░░░ Let s see what ░░░░░░░░ do Not talking BROWN ░░░░░░░░ LUTNICK: “Talking is nonsense.”
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