Lutnick on Tariffs: The Idea Is That We Can Manufacture Here in America

KARL The president also ░░░░░░░░ there s going to ░░░░░░░░ a transition cost transition ░░░░░░░░ I mean we are ░░░░░░░░ to see higher prices ░░░░░░░░ America It s not ░░░░░░░░ you can open a ░░░░░░░░ tomorrow to build iPhones ░░░░░░░░ to to make sneakers ░░░░░░░░ I mean we we ░░░░░░░░ buy a lot of ░░░░░░░░ in this country 99 ░░░░░░░░ of them are made ░░░░░░░░ I mean do you ░░░░░░░░ we going to become ░░░░░░░░ nation of cobblers again ░░░░░░░░ mean what this is ░░░░░░░░ to mean higher prices ░░░░░░░░ t it LUTNICK I ░░░░░░░░ have you seen I ░░░░░░░░ don t necessarily think ░░░░░░░░ I think the idea ░░░░░░░░ that we can manufacture ░░░░░░░░ in America As I ░░░░░░░░ there s a I ░░░░░░░░ Panasonic you know the ░░░░░░░░ company right the Japanese ░░░░░░░░ they built an amazing ░░░░░░░░ in Kansas which they ░░░░░░░░ opening now They put ░░░░░░░░ in the ground when ░░░░░░░░ Trump was the president ░░░░░░░░ just finishing now Four ░░░░░░░░ new jobs built from ░░░░░░░░ they made deals with ░░░░░░░░ community colleges nearby and ░░░░░░░░ the the local community ░░░░░░░░ the local university They ░░░░░░░░ people for this Four ░░░░░░░░ high tech jobs in ░░░░░░░░ That is what s ░░░░░░░░ back to America You ░░░░░░░░ going to see that ░░░░░░░░ that that kind of ░░░░░░░░ tech factories going to ░░░░░░░░ things here at very ░░░░░░░░ prices KARL So LUTNICK ░░░░░░░░ I think this is ░░░░░░░░ to work out Plus ░░░░░░░░ farmers are going to ░░░░░░░░ have access to the ░░░░░░░░ s markets KARL I ░░░░░░░░ never LUTNICK You know ░░░░░░░░ farmers have never had ░░░░░░░░ opportunity to sell corn ░░░░░░░░ India So what s ░░░░░░░░ to happen is KARL ░░░░░░░░ m afraid we LUTNICK ░░░░░░░░ they sell more and ░░░░░░░░ products prices will come ░░░░░░░░ KARL I mean Mr ░░░░░░░░ LUTNICK More volume it ░░░░░░░░ lower prices You re ░░░░░░░░ to see lower prices ░░░░░░░░ America on lots of ░░░░░░░░ products KARL Mr Mr ░░░░░░░░ I mean right now ░░░░░░░░ re seeing them effectively ░░░░░░░░ locked out of a ░░░░░░░░ large market especially people ░░░░░░░░ soybean farmers in China.”