Lutnick: tariffs won't hurt US products, only foreign ones
Lutnick: "Foreign goods may become slightly more expensive, but domestic goods don't. If you compare Poland Spring water with Fiji, for example, you won't find Poland Spring more expensive. So, for the first time in your lives, you'll actually think about the Americans who make these products."
This is the economic case for Trump's tariff agenda boiled down to its absolute core: pretending price increases only apply to imports. A Commerce Secretary comparing bottled water brands like that's how tariff economics works. Spoiler: tariffs raise costs everywhere. The math doesn't change because you want to shield domestic producers from the damage.
Source
x.com