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Howard Lutnick: “They go from 20% to 15% [tariff rate].”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick

Published | Video Starts at 03:44

And to your point, Mr. Secretary, this expected build out not just in Arizona, but across the country, so it's a couple of fold exactly what you said. They go from 20% to 15% [tariff rate]. They get generic pharmaceuticals, airplane parts, things that, you know, we're very accommodating for because we want those things to come in tariff free, unavailable natural resources. (03:44–03:49)

CLAIM

Asserts that the tariff rate will be reduced from 20% to 15%.

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