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![BulwarkOnline Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1049475664804532225.png) The Bulwark [@BulwarkOnline](/creator/twitter/BulwarkOnline) on x 171.2K followers
Created: 2025-07-20 15:00:40 UTC

Brennan: "Aug. 1, is it a hard deadline with the EU?"

Lutnick: "It's a hard deadline...But nothing stops countries from talking to us after Aug. 1...This is going to pay off our deficit."

Brennan: "Well, you'll have that income if you keep them in place, but if you're negotiating them away then they won't be there?"

Lutnick: "No, nothing's getting negotiated away...Most countries will pay higher."

Brennan: "And American corporations are just going to swallow that and not pass that price increase on to the consumers?"

Lutnick: "You're worried about the importers, how about the people who build here?"

Brennan: "I was asking about consumer prices."

Lutnick: "I think they'll be low."

Brennan: "Okay, the CPI doesn't currently reflect that..."

Lutnick: "The dollar declining softens inflation completely."

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**Related Topics**
[government spending](/topic/government-spending)
[countries](/topic/countries)

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