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Howard Lutnick: “In 1948, we came up with something called the Marshall Plan.”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Howard Lutnick on CNBC - Donald Trump Transition and Policy

Published | Video Starts at 10:26

I think what's going to happen is we'll make a bunch of money on the tariffs, but mostly this. Everybody else is going to negotiate with us and we will be more fair. In 1948, we came up with something called the Marshall Plan. Right. The world, Germany and Japan were destroyed after World War II, and we wanted to export our economy to them. So we made a rule. (10:26–10:29)

CLAIM

Asserts that the Marshall Plan was established in 1948.

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