Commerce Secretary Howard Lutnick this week defended President Donald Trump’s widespread tariffs on imports, saying the U.S. will earn “more than $30 billion a month.”
Lutnick said in an interview with NewsNation host Chris Cuomo on Thursday night, “The United States of America is taking in more than $30 billion a month from these 10% tariffs around the world. Our earnings as a country are rising, our deficit is going to decline.”
He continued, “So, the way it actually runs through the markets is that the selling countries overseas, they eat most of it, the currency as they trade to us, eats the rest of it.”
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