In his address at the 2025 Hill & Valley Forum, 41st Secretary of Commerce Howard Lutnick outlines the administration's industrial policy focused on rebuilding American manufacturing through tariffs, investment incentives, and strategic trade negotiations. Secretary Lutnick highlights the administration's "Investment Accelerator" program that has secured $6 trillion in manufacturing commitments and explains how reducing the trade deficit by just $300 billion would add 1% to America's annual GDP growth, creating high-paying jobs in advanced manufacturing and technical trades.
Follow on X:
@howardlutnick (Howard Lutnick)
@jacobhelberg (Jacob Helberg)
@cgarrett_15 (Christian Garrett)
@zebulgar (Delian Asparouhov)
Subscribe to The Hill & Valley Forum Podcast:
YouTube: https://www.youtube.com/@HillValleyForum
Apple: https://podcasts.apple.com/us/podcast/the-hill-valley-forum-podcast/id1692653857
Spotify: https://open.spotify.com/show/39s4MCyt1pOTQ8FjOAS4mi
Timestamps:
(00:00) Anecdote about trade negotiations revealing hidden subsidies
(00:49) Introduction and reflections on Cabinet expertise and transparency
(03:31) Explanation of the Commerce Department's "Investment Accelerator" program
(04:38) Breakdown of $6 trillion in manufacturing commitments secured for America
(06:55) Analysis of semiconductor manufacturing investments and government partnerships
(09:06) The pharmaceutical industry imbalance and bringing production back to America
(10:47) Success story of light truck tariffs creating American manufacturing dominance
(13:30) Addressing non-tariff trade barriers and unfair government subsidies abroad
(21:02) Breaking down the $1.2 trillion trade deficit and potential GDP growth
(28:30) The human impact of offshoring on American communities and workers
(32:27) How automation and AI enable manufacturing to return to America affordably
(35:05) The administration's vision for American industrial policy and economic security
