All-In with Chamath, Jason, Sacks & Friedberg

Howard Lutnick: How America Can Hit 6% GDP Growth in 2026

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Jan 9, 2026
Howard Lutnick, the United States Secretary of Commerce, shares insights from his impactful role and past as a business leader. He humorously recounts an Air Force One story and discusses the scope of the Commerce Department. Lutnick explains the intricacies of tariffs, revealing how they are utilized to reshape trade dynamics. The conversation also dives into strategies for achieving 5-6% GDP growth by 2026, negotiation challenges with India, and efforts to lower pharmaceutical costs while tackling fraud. It's a compelling blend of policy and humor!
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ANECDOTE

Napping On Air Force One

  • Howard Lutnick fell asleep on Air Force One while the president was on secure calls with world leaders.
  • The president woke him playfully by tossing a Tootsie Roll and joked about 'settling world peace' while he napped.
INSIGHT

Outcome-Driven Bureaucracy Reboot

  • Lutnick reorganized Commerce by cutting 12,000 roles and aligning specialists into mission-driven teams.
  • He emphasizes outcome-driven change and automating manual processes to unlock departmental capacity.
INSIGHT

BIS Controls Sector Tariffs And Enforcement

  • The Bureau of Industry and Security (BIS) manages industry-specific tariffs, export controls, and enforcement with armed agents.
  • BIS covers key sectors including auto tariffs, steel, and pharmaceuticals to protect national security and supply chains.
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