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Howard Lutnick: “They [China] dump them [electric cars] and they take the…”

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 01:04

Because the government just says, look, let's just try to undersell everybody else. And then they make so many cars. What do they do with all these cars? Right? So then They [China] dump them [electric cars] and they take the electric car, which cost them 30,000, and they sell it in Europe for 15,000. So you go to an electric car in Europe and say, 15,000 for this car. This is an amazing car for 15,000. That's because it cost 30,000 to make. (01:04–27:46)

CLAIM

Asserts that China sells electric cars in Europe for half the production cost.

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