Lutnick is asked if the 15% tariff is on the $200 billion trade deficit, not the $2 trillion we trade? No.

[Swede]

Lutnick: The European union is going to pay 15%

Baier: So this 15% is on the difference the 0 billion trade deficit; is that right? Not the trillion we trade with each other, right?

Lutnick: No, it's all exports to America… except for a few little things

— Acyn (@acyn.bsky.social) 2025-07-28T22:43:21.485Z

[underpants]

1. Nutlick

[Swede]

2. Damn it, my spell checker missed that.

[madinmaryland]

6. My autocorrect now considers "Nutlick" a correct spelling.

[Igel]

3. More like $1T.

U.S. total goods trade with the European Union were an estimated $975.9 billion in 2024. U.S. goods exports to the European Union in 2024 were $370.2 billion, up 0.7 percent ($2.6 billion) from 2023. U.S goods imports from the European Union totaled $605.8 billion in 2024, up 5.1 percent ($29.4 billion) from 2023. The U.S. goods trade deficit with the European Union was $235.6 billion in 2024, a 12.9 percent increase ($26.9 billion) over 2023.

https://ustr.gov/countries-regions/europe-middle-east/europe/european-union

It would be on whatever the figure is going forward that corresponds to the $605.8B from 2024, except that some things are unresolved or previously resolved: Steel and aluminum at 50%, if I recall correctly, and there's the claim that liquor/alcoholic beverages and some other things are unresolved.

[ProfessorGAC]

4. Kind Of A Dumb Question

How would tariffs be applied to a deficit? A deficit is a negative number. 15% of a negative numbet.
It has to be applied as good are imnumber.
Of course the question would come from a Faux drone. No topic knowledge at all.

[harumph]

5. Yeah, I did not really understand what was being asked.

I though maybe I was just missing something. You listen to this shit long enough and you start to question your own
sanity and comprehension.