Howard Lutnick: The Tariffs Are Going To Be Back in Place, You’ll See Imports Start to Fall and the GDP Start to Rise

RUSH EXCERPT:
LUTNICK: "If you just take a look at the GDP numbers what happened is when the Supreme Court ruled against the president for tariffs and those tariffs came down imports came flooding in And the way we do GDP in America is we take our gross sales so the like the big number of sales that every company in America makes and you subtract imports So when all those imports come flying in starting February all the way through the next quarter that reduces the number of GDP by 1.6% 1.6%, so it was going the other way So if you took the quarter before and you added the quarter after that’s 1.85% GDP That would put you well over 3% if the AIPA case with the Supreme Court had gone the other way And you’ll see the tariffs are going to be back in place right? Over the next couple of weeks they’ll be all back in place And you’ll see imports start to fall and you’ll see GDP rise And just that calculus itself over one and a half points you’re exactly right"