Howard Lutnick: “Japan, who is never really going to open their market…”

“I mean, Europe, 450 million people, $20 trillion economy, agreeing we were completely open to America, including taking our cars without their sort of nonsensical rules, and. And they'll … Japan, who is never really going to open their market... gave us $550 billion to invest for the benefit of America. … make your grid better, do generic antibiotics in America. So the President has this national and economic security fund to make America better because Japan was never going to really open their market.” (06:31–06:57)

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.