Howard Lutnick: “Our historic trade deals have done exactly what you've just…”

“I assume there's an agreement that in return for something other countries are giving us to increase our exports, we're reducing the tariffs on their inputs into the United States. Our historic trade deals have done exactly what you've just said. We're trying to smash down their barriers so our great farmers, our great producers can export to the European Union as an example. These are congressional, they're parliamentary rules and they are slow. And it's a process. They just, for instance in Europe, they just recently, within the last two weeks passed all the laws to implement the program of the deal we made last summer.” (08:36–08:51)

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