KRISTEN WELKER:
All right. You take me right to my next question. I want to play you something that President Trump said to me back in December. Take a listen.
[BEGIN TAPE]
PRESIDENT DONALD TRUMP:
I won on groceries. It's a very simple word: groceries. Like, almost, you know, who uses the word? I started using the word, “the groceries.” When you buy apples, when you buy bacon, when you buy eggs, they were double and triple the price over a short period of time. And I won an election based on that. We're going to bring those prices way down.
[END TAPE]
KRISTEN WELKER:
Mr. Secretary, can you be specific? When exactly can Americans expect to see those prices come “way down?”
SEC. HOWARD LUTNICK:
Egg prices up 200% under Biden.
Biden just killing chickens, trying to worry about things. It's crazy the way eggs have gone up 200%. Donald Trump's going to bring the price of eggs down now. Donald Trump's tariffs are – here's the idea. All these other countries, like India for instance, when Modi was in town, right? 1.4 billion people and they won't buy a bushel of our corn.
KRISTEN WELKER:
But–
SEC. HOWARD LUTNICK:
Europe, always blocking our farmers. As our farmers can sell more and more overseas–
KRISTEN WELKER:
But–
SEC. HOWARD LUTNICK:
– you're going to see the price of food in America–
KRISTEN WELKER:
When?
SEC. HOWARD LUTNICK:
– come down. It's a volume thing.
KRISTEN WELKER:
When, Mr. Secretary?
SEC. HOWARD LUTNICK:
Well, I think the deal starts –
KRISTEN WELKER:
Months?
SEC. HOWARD LUTNICK:
–the deal starts April 2nd. The deal starts April 2nd of reciprocal tariffs. The president is going to negotiate country-by-country. He's going to drive down other countries' barriers, unleashing our farmers, our ranchers and our fishermen. They're going to explode in value and the prices of American produce, road crops, produce and fish are going to come down because our American industries are going to win around the world because finally, finally Donald Trump is behind them, protecting them. He's got their back and he's going to make them winners. And then all of America's going to be winners because these prices are coming down. And the process–
KRISTEN WELKER:
Alright.
SEC. HOWARD LUTNICK:
–starts April 2nd.
KRISTEN WELKER:
Alright, Mr. Secretary, consumer sentiment is dropping, inflation has ticked up, major banks like J.P. Morgan and Goldman Sachs now say a recession in the next 12-months is becoming more likely. Should Americans brace for a recession?
SEC. HOWARD LUTNICK:
Absolutely not. Anybody who bets against Donald Trump. It's like the same people who thought Donald Trump wasn't a winner a year ago. Donald Trump is a winner. He's going to win for the American people. That's just the way it's going to be. There's going to be no recession in America. What there's going to be is global tariffs are going to come down because President Trump has said, “You want to charge us 100%? We're going to charge you 100%.” You know what they say? They say, “No, no, no, no, no, don't charge us 100%. We'll bring ours down.”
We'll unleash America out to the world. Grow our economy in a way we've never grown before. You are going to see over the next two years the greatest set of growth coming from America as Americans. You saw it, 1.3 trillion of new investment coming into America that – think of all those jobs, and remember, each trillion of investment in America is 1% of growth GDP. So, Donald Trump is bringing growth to America. I would never bet on recession. No chance.
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