Lulu Garcia Navarro

All right, let's walk through that, okay? There's a rhyme to the reason why we did that.

All right, let's walk through that, okay? There's a rhyme to the reason why we did that.

Here's the thing. We are the biggest market in the world. which gives us buying power, okay? So particularly export-dependent economies, the Chinas of this world, who heavily rely on Americans buying their products, if that becomes more difficult to do, what's the first thing these countries are going to do in response to tariffs? What are they going to do? We slap a tariff on.

Here's the thing. We are the biggest market in the world. which gives us buying power, okay? So particularly export-dependent economies, the Chinas of this world, who heavily rely on Americans buying their products, if that becomes more difficult to do, what's the first thing these countries are going to do in response to tariffs? What are they going to do? We slap a tariff on.

What are the producers over there going to do? What are they going to do? Tell me.

What are the producers over there going to do? What are they going to do? Tell me.

You're a producer over there, and suddenly tariffs are up, and you've got to compete with an American producer. What are you going to do?

You're a producer over there, and suddenly tariffs are up, and you've got to compete with an American producer. What are you going to do?

That's exactly what they do. It's not an assumption. That's just a fact.

That's exactly what they do. It's not an assumption. That's just a fact.

So here's one of the iron laws of manufacturing. If manufacturing goes abroad, the supply chains follow and vice versa. Okay.

So here's one of the iron laws of manufacturing. If manufacturing goes abroad, the supply chains follow and vice versa. Okay.

You can have a domestic investment come quickly.

You can have a domestic investment come quickly.

You see wages go up, and that gives consumers more spending power and offsets any rise in prices. If real wages rise faster than any other types of inflation, people are still better off.

You see wages go up, and that gives consumers more spending power and offsets any rise in prices. If real wages rise faster than any other types of inflation, people are still better off.

When I was a campaign advisor in 2016, I had a mantra. It was tax cuts, deregulation, strategic energy dominance, fair trade. Those were the four components, the tires on the car towards economic prosperity.

When I was a campaign advisor in 2016, I had a mantra. It was tax cuts, deregulation, strategic energy dominance, fair trade. Those were the four components, the tires on the car towards economic prosperity.

that we're trying to accomplish, that President Trump is trying to accomplish, is more stable and resilient supply chains, which we have learned to be an enormous problem in the wake of the pandemic. So that's a major national security and economic security risk.

that we're trying to accomplish, that President Trump is trying to accomplish, is more stable and resilient supply chains, which we have learned to be an enormous problem in the wake of the pandemic. So that's a major national security and economic security risk.