The CNBC segment showcased skepticism towards Trump's plans to revive U.S. manufacturing through tariffs, following recent stock market instability. Co-hosts Eisen and Faber highlighted the challenges in bringing back production for various products historically made overseas. Lutnick maintained optimism, promising a substantial plan to create 5 million jobs in high-tech sectors. However, Eisen questioned the feasibility of reviving manufacturing for common items like T-shirts and electronics, illustrating the broader doubts surrounding the effectiveness of current trade policies.
SECRETARY HOWARD LUTNICK: This oh, I'm sure of it. You're going to see the, the my department is going to come out with a plan that has a guarantee... These are a different kind of electrician, a different kind of plumber, HVAC people, a different kind of a mechanic.
SARA EISEN: Are we going to make all those things in the United States? None of them are made here. TVs, electronics.
DAVID FABER: Why did we stop? Because we entered into an illogical world of low tariffs here and high tariffs there, so every...
Collection
[
|
...
]