Press Briefing: Howard Lutnick Briefs Reporters Before a White House Event - July 14, 2025

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-- tariffs --

Howard Lutnick 00:00:00-00:00:00 ( sec)

[Inaudible]

Question 00:00:00-00:00:03 (3 sec)

Did he mean secondary sanctions or secondary tariffs?

Howard Lutnick 00:00:03-00:00:05 (2 sec)

You can do either one.

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[Inaudible]

Like you could say like what he put on Venezuela, he said in -- to Venezuela, he said, if you do business and you buy Venezuelan oil, right, I'll put -- your country will pay a tariff. Right? So it's economic sanction, not a sanction. Right? You could say, "I don't want you to do it," but you also make an economic penalty.

If I catch doing it, then you'll have to pay. So why don't you police yourself?

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And we're talking about China and whoever does business with Russia?

Whoever does business with -- if you do secondary -- he can do tariffs or he could do sanctions. Those are both tools in his toolbox. Okay?

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And you --

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[Question was unanswered]