Commerce Sec. Howard Lutnick: Prices don't move unless tariffs are above 50%

  • Commerce Sec. speaking on CNBC
Lutnick
  • Tariffs are not to blame for the jobs number
  • Predicts US GDP growth of over 4% in 2026
  • Weak jobs number about shutdown, deportations.
  • EU technology rules are costing them big time.
  • European economies are attacking the AI development with rules
  • Europe very much want a steel deal with US
  • I am confident that the Supreme Court will not rule against tariffs
  • Administration's goal is to bring semi conductor manufacturing to the US.
  • The goal is to bring semi conductor and pharmaceutical manufacturing to the US.

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