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Howard Lutnick: “Donald Trump does every trade deal himself.”

Featuring: Howard Lutnick, Secretary of Commerce | National

Howard Lutnick on Living Next Door to Epstein, Surviving 9/11 & Late-Night Calls with Trump

Published October 1, 2025 | Video Starts at 31:21

The United States cared about Cambodia versus Thailand. Why would you care about the. Oh, he cares about everything. And that is what people. People don't understand. And he cares about … Donald Trump does every trade deal himself. … set the table. But he'll Get a better deal than I would be able to get because. Shocking. He's Donald Trump and the President, United States of America. (31:21–31:25)

CLAIM

Asserts that Donald Trump personally handles trade negotiations.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Howard Lutnick

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“You run a $235 billion a year surplus with us.”
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“He was on the cover of Time magazine 58 times.”
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“There were 20 funerals a day. Every day for 35 straight days for your people, from just my people.”
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“I assume [what happened in that massage room] was on video. This guy was the greatest blackmailer ever. Blackmailed people. That's how he…”
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“She [Hillary Clinton] helped get bills passed that helped New York.”
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“I assume way back when, they traded those videos in exchange for him getting that 18 month sentence which allowed him to have visits and be…”
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“How could he get 18 months and be able to go to his office during the day and have visitors and stuff? Must have been a trade.”
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“Hillary Clinton was very supportive of us after 9 11.”
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“The election was stolen from [Donald Trump], as we all know, 2020.”
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“I raised him a lot of money, probably $100 million.”
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“We designed his tariff policy together.”
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“By April, full on tariff policy is gone.”
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“I recruited eight people for each job.”
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“I went out and found the top 150 Republicans across the country and had them help recruit for me.”
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“He had eight candidates for each job.”
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“We'll go with Matt Gates, because we don't know what that report says.”
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“The President had lots of reports written about him dirty.”
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“This is the best cabinet that anybody, any president has ever had.”
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“He wanted people who are smart, thoughtful.”
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“The most important thing for me is the trade agenda.”
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“The Commerce Department has the most tools. Right? It has bis. Right? Bis, the Bureau of Industry and Security. Right. Right. Export…”
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“These are durable, defensible. It's why Europe did the deal. It's why Japan did the deal. It's why Korea did.”
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“That's why I am the Commerce Secretary, because there's incredible power of the tariff agenda in this building.”
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“The President's going to win the case in ipa.”
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“The backbone of our tariff agenda is also these, what we'll call sectoral tariffs, you know, autos.”
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“We are the greatest economy in the world.”
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“15% was the maximizing number where you do the most trade with Europe.”
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“That $235 billion trade surplus, that they're selling more to us.”
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“25% would have forced their auto industry all to move to America.”
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“Donald Trump is a great negotiator.”
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“Donald Trump is always there [at New York charity events].”
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“My firm had the 101st to the 105th floors [of One World Trade Center].”
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“I cried every day until October 21st, 2004.”
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“We hosted a phone call the next night. I had no way to communicate, so I just told the media, if you work at Cannon Fitzgerald, call this…”
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“I had 960 in New York. So 658. So I had 302.”
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“We committed that we would give 25% of our payroll.”
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“Only one out of four turned it down. Three out of four said, okay.”
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“We take a company of ours public, and it's the weirdest deal on Wall Street because I give my shares double what each of those people gave.”
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“My father was killed September 12, 1979.”
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“We sold the house.”
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“When I was diagnosed, I did a video and sent it to my employees.”
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