Trumps Commerce Secretary Howard Lutnick spewed nonsense trying to defend Trump’s tariffs on Meet The Press until he finally admitted they will result in higher prices for the country.
Lutnick’s monologue was well prepared and rehearsed with the sole purpose of covering up Trump’s claims that on Day One in office, US prices would come down.
They are rising faster than the second minute of bag of microwave popcorn.
WELKER: The CEOs of Target and Best Buy this week warned that they will have to increase prices as a result of tariffs.
Do you acknowledge that prices will go up for consumers because of these tariffs?
LUTNICK: I think it’s important for people to realize that we run $2 trillion deficits and Donald Trump is going to try to balance the budget of the United States of America.
And when you balance the budget of the United States of America, you drive interest rates down 150 basis points, one and a half percent. You’re going to have mortgages come smashing down.
The cost of your home will come smashing down.
We’re going to drill baby drill and drive down the price of energy.
That’s coming down.
So these two massive moves are going to happen.
And you know who’s going to pay for that?
Tariffs and outside countries who just leech off of us, lean on us, earn money off of us.
They’ve got to start to pay.
