🚨Howard Lutnick on the state of tariff negotiations: Open your market to America or pay
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Episode Description
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Brief Summary
Upcoming tariffs on August 1st prompt urgent negotiations in international trade.
Key points
- Tariff Deadline Approaches. Negotiations must conclude by August 1st or tariffs will take effect.
Transcript
So when does it all wrap up and we can kind of put the tariff issue behind us? Okay. So on August 1st, whatever hasn't been settled will be settled and the tariffs go into effect. Now nothing stops them from negotiating the next day, but they're paying on that day. So that's next Friday. I mean, that's not that far away. So we're very busy because a lot of people are now coming to the table with their best best offer, but the price has gone very very high. M and let's be clear what that price is. You will open your market to America. You will open it to ranchers, farmers, fishermanmen. If they don't want it open, there's your tariff. It's 26% 27% 31% 19% whatever it is. And then if you
decide to open it later, come on. That's what we're
