Howard Lutnick

Do you think that this mercantilism, was it a purposeful strategy to weaken America?

Or do you think it was just a byproduct of capitalism?

And leverage, right.

And so then the tariffs now then basically slow that leverage down because it takes that economic incentive off the table.

Do you need to follow up with some other set of structural changes, though, to right the ship in the long term?

We have to domesticate production.

What are the things that we need to do

so that in eight years or 12 years, if the tariffs were to change, if a different administration takes a different point of view, what is structurally going to be left behind that prevents this from happening again?

And when you say to America, is there an account?

How does that money then get spent or allocated or?

President Trump has talked about this.

He said that as you kind of execute the tariff plan and extract this incremental capital, you could see a rateable reduction in income taxes.

Is that the right way to think about this?

Or do you think there are other ways to spend the money first that we need to before we can?

The way that you've explained this, it makes an enormous amount of sense.

It's like you set the stage of here's the historical imbalance.

Here's how we want to reset it.

We want some investment that we're going to get you whole foreign country.

But at the end of the day, this is about American exceptionalism.

It's worked in Japan.