Commerce Secretary Lutnick Discusses President Trump’s Trade Agenda on CNBC’s “Squawk on the Street”
“Squawk on the Street,” CNBC’s flagship morning business program, welcomed Howard Lutnick, the President and Chief Executive Officer of Cantor Fitzgerald and Chairman of BGC Partners, as a guest to discuss the current state of President Trump’s trade agenda.
Lutnick’s Perspective
“I think the President’s trade agenda is working,” Lutnick began, “and I think it’s working very effectively,” he continued. “I think it’s important to remember that the President’s goal is to bring jobs back to this country,” he explained.
“He’s been very successful in bringing jobs back from China, from Mexico, from other parts of the world,” Lutnick asserted. “I think when you look at the numbers, you’ll see that manufacturing jobs are coming back to the United States,” he added.
Impact on the Individual
“But what does this mean for me as an individual?“
- “Well, if you’re in the manufacturing sector, it could mean job growth,”
- “If you’re a consumer, it could mean higher prices for some goods initially, but in the long run, it could mean more jobs in your community,”
- “And if you’re an investor, it could mean opportunities in companies that are benefitting from the reshoring trend,”
Impact on the World
“But what about the rest of the world? How will this affect them?”
- “Well, some countries may initially suffer from job losses as companies move production back to the United States,”
- “But in the long run, it could lead to more balanced trade relationships and increased economic cooperation between countries,”
- “And it could also lead to the creation of new industries and jobs in other parts of the world as companies seek to innovate and compete,”
Conclusion
“In conclusion, President Trump’s trade agenda, as discussed by Commerce Secretary Howard Lutnick on CNBC’s ‘Squawk on the Street,’ is focused on bringing jobs back to the United States,”
“While there may be initial challenges for some individuals and countries, in the long run, it could lead to more balanced trade relationships, increased economic cooperation, and new opportunities for growth,”
“Stay tuned for more updates on this developing story.”
