Howard Lutnick
π€ SpeakerAppearances Over Time
Podcast Appearances
And he made that decision, and after he was done, he said, and you know what?
I think if we do that, we should get 25% for the American taxpayers.
Because we're creating something that didn't exist.
They're coming to the United States because in order to collect 25%, the process matter, to do it right, is you import it, put a tariff on it, and then export it again.
And so that's the model.
It's the process model to execute a plan that the President of the United States of America made.
So that's just the execution model of how to do it.
It's just process, right?
And it's the same H200 chip.
And the question we'll find out is that businesses in China want to buy.
That's for sure.
The question is, does China's central government
When they have that same argument, do I want to give my companies this chip that they're all clamoring for?
Or do I want to force them to take the pain of using lesser chips that are domestically made, but helping our domestic companies grow?
And that's a question we're going to see how it goes.
But I think the president put that question out there, and I think it's a really interesting one.
I didn't say there's not two sides of that coin.
Right.
But the president thought having Chinese developers on the U.S.
tech stack.