Cantor Fitzgerald CEO Howard Lutnick made a powerful case for Donald Trump’s proposed tariffs during a CNBC appearance.
Lutnick shot down arguments that they would cause inflation, and argued that they’d instead act as bargaining chips. "It's a bargaining chip. We can't sell a Ford or GM in Europe. You go to Europe, you can't sell a Ford… They're gonna come and negotiate and their tariffs are gonna come down. And finally, Ford and General Motors are gonna be able to sell in these places. How's that sound?"
After making other arguments, Lutnick concluded "So which is it? Do we make a lot of money on tariffs or do we change behavior productivity here? And we drive up our workers here. So it's a win-win scenario”
Even co-host Becky Quick, who leans left-of-center, called it the “best explanation I’ve ever heard.”
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