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Commerce Secretary Lutnick on trade deal negotiations
CNBC Television· 2025-07-29 16:30
Trade Negotiation Strategy - The US president aims for completely open markets in trade deals, rejecting initial offers and pushing for higher levels of market access [1] - The US president seeks to rectify what he views as unfair and asymmetric trade practices of the past 80 years, prioritizing the ability of Americans to sell goods overseas [2] - The US president sets the terms and conditions for trade agreements, indicating a unilateral approach to negotiations [2] International Trade Relations - Other countries initially offered market access concessions, such as 50% or 30%, which were deemed insufficient by the US president [1] - Some countries have been slow to meet the US president's expectations regarding trade openness [3] - The US president's approach has significantly impacted the global trade landscape within a short timeframe of six months [4] Decision-Making Process - The US president ultimately decides whether to pursue trade deals with individual countries like India, based on the offers presented [3]
Secretary Lutnick: Trade deals for 'the world' will be 'done by Friday,' but China will take longer
CNBC Television· 2025-07-29 14:01
you can uh wrap China into this but other countries where things are I mean Canada what about Canada uh I don't know what they're feeling now um at this point India that's pro is that imminent um what do you expect to happen and and what's really happening with with China in in your view right now have things are things going okay with with with some of the president's comments about fake news says I want a meeting with shei it's it's not true we thought that that there there was eventually going to be some ...