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Howard Lutnick: “The Japanese government subsidizes the machinery that went…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Published | Video Starts at 22:06

So their leadership called and said, we can't do that. When someone says, I can't do that, I'm like, and when you say, why? Yeah, and they explained why. They said, look, the way The Japanese government subsidizes the machinery that went to small manufacturers. So what they did is, let's say Company a could have 1,000 small companies and they make the cup holder for this particular model. Right. And. (22:06–22:21)

CLAIM

Asserts that the Japanese government provides subsidies for machinery to small manufacturers.

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