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Howard Lutnick: “The Japanese market for cars, as an example, 94% of cars…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Howard Lutnick: How America Can Hit 6% GDP Growth in 2026

Published | Video Starts at 20:45

So when thinking about Japan, I reminded the President, in 1853, Admiral Perry went with an armada and cannons and still had trouble opening the Japanese market. Right. So The Japanese market for cars, as an example, 94% of cars driven in Japan are Japanese. They don't drive German cars, they don't drive Korean cars, they don't drive American cars, the only American cars really in Japan are Chevrolets driven by the Yakuza. (20:45–20:54)

CLAIM

Asserts that 94% of cars in Japan are Japanese-made.

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