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Howard Lutnick: “When Donald Trump's in the White House, You say there will…”

Featuring: Howard Lutnick, Secretary of Commerce | National

Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more

Published March 11, 2025 | Video Starts at 16:34

Will these policies be worth it if they lead to a recession, even a short term recession? These policies are the most important thing America … When Donald Trump's in the White House, You say there will not be a recession. … they produce growth. They, they produce factories being built. Here. You're seeing the announcements. I went to, I stopped by in Eli Lilly. You know, everybody calls me, asks me to cut their red tape. (16:34–16:41)

CLAIM

Asserts that there will not be a recession when Donald Trump is in the White House.

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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Howard Lutnick

“75% of terrorists that we've captured have come through Canada.”
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“They've only captured 43 pounds [of fentanyl].”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 01:30-01:35
“We have a $36 trillion deficit.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 20:00-20:04
“We used to run deficits of 400 billion, now 2 trillion.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 20:03-20:08
“Ireland has a 60 billion dollar surplus.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 26:34-26:40
“The President woke up this morning and he saw it and he just jumped right on it.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 00:08-00:15
“He made it crystal clear this is coming off today.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 00:31-00:35
“We're at 25% steel and aluminum, because that's where we were, remember?”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 01:52-01:58
“Since 1945, we have been exporting the power of our economy.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 02:38-02:44
“We're going to start having reciprocal tariffs, fairness, right.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 02:54-03:00
“Unleash our farmers, unleash our ranchers.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 03:06-03:10
“The President gave USMCA the agreement with usmca. He said, I'll let that remain tariff free, but anybody who's not in USMCA is going to pay…”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 07:43-08:00
“NAFTA is destroy Michigan and Ohio agreement.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 08:18-08:22
“Donald Trump is going to end it. He's going to rebuild those communities.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 09:24-09:30
“Donald Trump said from the beginning, reciprocal tariffs, how you treat us is how we will treat you.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 09:59-10:06
“The Commerce Department and the Education Department are going to come out with 5 million jobs.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 11:30-11:35
“Interest rates are going to drop 150 basis points during his term.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 12:41-12:46
“Oil and our gas prices are going to come smashing down.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 12:45-12:50
“Each trillion of Donald Trump's investment that he's bringing back with these tariffs is 1% of GDP.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 13:28-13:35
“The policies that Donald Trump is bringing in are going to create the greatest set of growth and prosperity that America has ever seen in…”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 14:29-14:39
“Under Donald Trump, union Labor is going to double because those factories are going to come back and those workers are going to get great…”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 16:00-16:09
“If I need to use tariffs to bring that manufacturing home, we're going to do it.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 16:15-16:21
“These policies produce revenues, they produce growth. They, they produce factories being built.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 16:41-16:48
“We're announcing 40 billion new pharmaceutical plant.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 17:01-17:05
“The auto company said, we'll move it back. It'll take us six months to a year. We're going to move back to America.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 17:08-17:15
“Donald Trump cares. And when we balance the budget, you know what that means? That means our deficits stop, interest rates come smashing…”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 20:10-20:19
“No tax for anybody who makes less than $150,000 a year.”
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“Tariffs do not create inflation. Printing extra money creates inflation.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 23:01-23:07
“Tariffs make American made goods cheaper.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 23:31-23:36
“Driving down energy prices is key. Driving down interest rates is key.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 24:32-24:38
“There are so many countries who block our farmers, our ranchers and our fishermen.”
Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more | Uploaded March 11, 2025 | 24:53-25:00
“If we sold those 400,000 [green cards] a year for 5 million each, you know, that's $2 trillion.”
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