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Howard Lutnick: “Of the $250 billion of commitment, that is directly from…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Howard Lutnick breaks down recent $250B trade deal with Taiwan

Published | Video Starts at 00:43

Exactly. So they just bought hundreds of acres adjacent to their property. Now I'm going to let them go through it with their board and give them time. But Of the $250 billion of commitment, that is directly from companies. So basically there's two commitments from Taiwan. There's 250 billion that comes directly from companies and then there's 250 billion supplied by the government to help their smaller and medium sized companies all and bring that whole supply chain to America. (00:43–00:50)

CLAIM

Asserts that $250 billion of the commitment is directly from companies.

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