Howard Lutnick
👤 SpeakerAppearances Over Time
Podcast Appearances
But the first ones won't be cheap.
It is a meaningful part of it.
And yes, the more you look at that, the more you see increased consumption of energy there, and the more excited I get.
The more we can build things at scale, the better we can get the economics.
One other data point.
We put out at the Department of Energy, we got 16 locations to build data centers.
We said, who wants to come build one?
We'll permit them right away.
We'll help you build power generation right next to it.
We got 300 responses.
We will announce tomorrow the first four of those sites that will be developed.
And then you'll hear many more coming behind that.
How much do you think we can rip out of this wasted $6.5 trillion Harris-Biden budget? Well, I think we can do at least $2 trillion. Yeah!
How much do you think we can rip out of this wasted $6.5 trillion Harris-Biden budget? Well, I think we can do at least $2 trillion. Yeah!
How much do you think we can rip out of this wasted $6.5 trillion Harris-Biden budget? Well, I think we can do at least $2 trillion. Yeah!
So we do expect a 10% baseline tariff to be in place for the foreseeable future. But don't buy the silly arguments that the U.S. consumer pays. Businesses, their job is to try to sell to the American consumer. And domestically produced products are not going to have that tariff. So the foreigners are going to finally have to compete. They're going to have to compete.
So we do expect a 10% baseline tariff to be in place for the foreseeable future. But don't buy the silly arguments that the U.S. consumer pays. Businesses, their job is to try to sell to the American consumer. And domestically produced products are not going to have that tariff. So the foreigners are going to finally have to compete. They're going to have to compete.
So we do expect a 10% baseline tariff to be in place for the foreseeable future. But don't buy the silly arguments that the U.S. consumer pays. Businesses, their job is to try to sell to the American consumer. And domestically produced products are not going to have that tariff. So the foreigners are going to finally have to compete. They're going to have to compete.
What happens is the businesses and the countries primarily eat the tariff.
What happens is the businesses and the countries primarily eat the tariff.