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Howard Lutnick: “If they commit to build in America, they can bring in their…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick

Published | Video Starts at 04:10

To the extent they grow something that we don't grow here, that won't come with a tariff. But then their semiconductors, it goes like this. If they commit to build in America, they can bring in their semiconductors during the time that they're building in America without a tariff. that is special for them. Right. They can build here. If we at the Department of Commerce, if we approve their plan, they can then bring in semiconductors of two and a half times that amount. (04:10–04:22)

CLAIM

Asserts that companies can import semiconductors tariff-free while building in America if they commit to building there.

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