Howard Lutnick
The Public Record
U.S. Secretary of Commerce in the Trump administration; longtime CEO of Cantor Fitzgerald.
Instead of just giving grants away under the CHIPS Act, Trump thinks the government should get benefits to the economics that we put out.
We should get an equity stake for our money, so we’ll deliver the money which was already committed under the Biden administration.
No extensions, no more grace periods. Aug. 1, the tariffs are set; they’ll go into place.
Basically, Americans will have control. Americans will own the technology. Americans will control the algorithm. That’s something Donald Trump is willing to do.
You can't really go meet somebody and not bring up the topics that are open.
We’ve made the decision. You can’t have Chinese control and have something on 100 million American phones.
If that deal gets approved, by the Chinese, then that deal will happen. If they don’t approve it, then TikTok is going to go dark, and those decisions are coming very soon.
If that deal gets approved by the Chinese, then that deal will happen. If they don't approve it, then TikTok is going to go dark.
China can have a little piece or ByteDance, the current owner, can keep a little piece. But basically, Americans will have control. Americans will own the technology, and Americans will control the algorithm.
And those decisions are coming very soon, so let's see what the Chinese do. They've got to approve it. The deal is over to them right now.