Part 4/9:
As discussions around tariffs and their implications gained momentum, Lutnick explained that economic advisors have meticulously calculated the various components contributing to the trade deficit. He acknowledged the complexities involved in determining how tariffs and non-tariff barriers interact. In a call for fairness, he urged that the U.S. should not be continually subjected to trade practices that undermine its industries, citing how international markets impose subsidies that make competition nearly impossible for American manufacturers.