“Why do they face a 10 percent tariff? Did you use AI to generate this?” Brennan added.
“No. No,” Lutnick said. “Look, the idea is that there are no countries left off.”
“What happens is, if you leave anything off the list, the countries that try to basically arbitrage America go through those countries to us,” he continued.
He pointed to China’s response to Trump’s tariffs in 2018 as an example, saying, “They just built through other countries, through America.” More here
