“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,” Lutnick told host Kristen Welker. He conceded that “some products that are made foreign might be more expensive” but argued that “American products will get cheaper, and that’s the point.”

President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”