Watch CNBC's full interview with Commerce Secretary Howard Lutnick (youtube.com)
He went on Bloomberg also.
‘The non-tariff trade barriers are the difference.’
He made a strong point that China, some products, have an additional 25% tariff, and China could remove that tariff by one phone call from Xi saying they wouldn't manufacture Fentanil anymore, or something. And he said you had to wonder why they don't make at least that one phone call.
‘Sure, importers are going to have a tough time figuring out what to do, because they went out and found the cheapest production in the world.’