Commerce Secretary Howard Lutnick told Newsmax on Thursday that the trade deal struck with the United Kingdom earlier in the day is a “huge, huge thing” for the United States as it opens markets to American exporters that will be worth $5 billion a year.

Further, Lutnick told “The Record With Greta Van Susteren” that the deal got done only because of President Donald Trump’s tariffs.

“We’ve never been able to sell beef, soft drinks, machinery. They put these tariffs and nontariff barriers; they just wouldn’t let our beef in. They wouldn’t let our vegetables in. They wouldn’t let our fruits in,” Lutnick said. “So they’ve agreed to open their markets to the tune of $5 billion a year.

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