During yesterday's Senate hearing on trade, Larry Kudlow wannabe Howard Lutnick's discussion on trade agreements and tariffs made him look more idiotic than even Senator Kennedy had realized.
The idea of reciprocity between trade partners eluded Trump's Commerce secretary, exposing his ignorance on the entire issue.
KENNEDY: If Vietnam, for example, came to you tomorrow and said, okay, Mr. Secretary, you win. We're going to remove all tariffs and all trade barriers.
Would the United States please do the same? Would you accept that deal?
LUTNICK: Absolutely not. Absolutely not. That would be the silliest thing we could do.
KENNEDY: Why is that?
LUTNICK: Vietnam has $125 billion exports to us and imports from us $12.5 million. And you're thinking, Vietnam exports $125 billion?
KENNEDY