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Howard Lutnick: “When they get their 550 billion, you know, the United States…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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

Published | Video Starts at 15:22

And when the cash flow starts, we share the cash flow, the United States of America and the government of Japan and 5050 until they get their money back. So When they get their 550 billion, you know, the United States of America only made $550 billion and then after that it's 9010 in favor of America. So what? Okay, that's actually more detail than I was aware of. So almost a preferred return. And then, and then they get, and then we get the 90% after they get their money back. (15:22–15:34)

CLAIM

Asserts a financial arrangement where the U.S. benefits after Japan recoups its investment.

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