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Howard Lutnick: “The tariffs are 500 billion a year now, and they will grow…”

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 34:40

You know how much tax we'd have to raise on Americans to cover 30 billion a year? That's 30 billion a year just on those trades. And then you have. The tariffs are 500 billion a year now, and they will grow over time to a trillion a year. And that money is not money we have to pay in taxes. And eventually that puts our house in order to. That lowers interest rates, drives our economy, but most importantly, we don't have to pay. (34:40–34:48)

CLAIM

Asserts that current tariffs generate $500 billion annually, expected to grow to $1 trillion.

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.


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