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Commerce Secretary Lutnick discusses trade on Fox Business.

Name: Commerce Secretary Lutnick discusses trade on Fox Business.
Uploaded: 2025-06-12T20:59:14+00:00
Duration: 10 s
Channel: Your Advisor
Description: Transcript excerpt of a June 12, 2025 Fox Business interview where Commerce Secretary Lutnick and an interviewer (Speaker B) discuss U.S. tariff tactics…

12 Jun 2025 · 0 min

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Transcript excerpt of a June 12, 2025 Fox Business interview where Commerce Secretary Lutnick and an interviewer (Speaker B) discuss U.S. tariff tactics, barriers to U.S. companies in Europe, and recent U.S. measures (characterized as 'knocking down' trade barriers). Lutnick cites a $235 billion U.S.–Europe trade surplus figure and defends tough tariffs as a means to open markets for American firms and workers.

Sometimes the tariff tactics have to be very tough in order to achieve the goal which is to open markets and reduce barriers for American companies and the American workforce.
Totally. It's totally correct. I mean, you look at Europe, right, they weren't dealing with us at all. They have a $235 billion trade surplus with us. Think about Europe. What in God's name does Europe have over us that they should sell us 235 billion a year more us I tell you what, they have their blockade after blockade. They don't let our people do business there. And Donald Trump is just basically knocking those walls down saying listen, if you don't want to treat our companies well, you can pay to come into our market. You don't want to pay, treat our companies well. It's pretty simple. It's very, very straightforward. And let me tell you something, it is working.
Yeah, it seems to be. And you know.