CNBC host verbally stunned after billionaire Howard Lutnick explains how Trump's tariffs will be used as a negotiation tactic to make the U.S. a "bunch of money."
Lutnick shot down the media narrative that tariffs would increase inflation.
"It's a bargaining chip. We can't sell a Ford or GM in Europe. You go to Europe, you can't sell a Ford..."
"They're gonna come and negotiate and their tariffs are gonna come down. And finally, Ford and General Motors are gonna be able to sell in these places. How's that sound?"
"This is just negotiating strategically."
"When you're running for office, you make broad statements so people understand you. Tariffs are an amazing tool for the president to use."
"Use tariffs to build in America. If we want to make it in America, tariff it... we need to protect the American worker."
"So which is it? Do we make a lot of money on tariffs or do we bring change behavior productivity here? And we drive up our workers here. So it's a win-win scenario."
Becky Quick: "This is the best explanation I've heard."
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