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“The Biden administration gave Intel $11 billion in exchange for nothing—nothing. So Donald Trump comes in and says, whoa, whoa, why don’t you give us $11 billion of your equity? At least America gets the benefit of the bargain.” Secretary Howard Lutnick gives a quick break down how the...

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Lutnick The Biden administration gave $11 billion in exchange for? Nothing. Trump comes in and says why don't you give us $11 billion of your equity—Doesn't that make sense?
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Lutnick The Biden administration gave $11 billion in exchange for? Nothing. Trump comes in and says why don't you give us $11 billion of your equity—Doesn't that make sense?

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Commerce Sec. Howard Lutnick: Biden gave Intel $11B in exchange for nothing. President Trump comes in and says, 'Why don't you give us $11B of your equity?' "At least America gets the benefit of the bargain. I mean, doesn't that make sense?"
0:42

Commerce Sec. Howard Lutnick: Biden gave Intel $11B in exchange for nothing. President Trump comes in and says, 'Why don't you give us $11B of your equity?' "At least America gets the benefit of the bargain. I mean, doesn't that make sense?"

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“We give universities up to $200B a year for research, they keep the patents — taxpayers get nothing. Biden gave Intel $11B for nothing. Trump says: give America $11B in equity. Doesn’t that make sense?” — Sec. Howard Lutnick
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“We give universities up to $200B a year for research, they keep the patents — taxpayers get nothing. Biden gave Intel $11B for nothing. Trump says: give America $11B in equity. Doesn’t that make sense?” — Sec. Howard Lutnick

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.Howard Lutnick on President Donald J. Trump' deal with Intel : We went from the American taxpayer giving Intel $10B and getting nothing for it, to owning 430 million shares of their company, worth $30B for the American taxpayer. That's a swing of $40B — for the benefit of who? For us.
1:06

.Howard Lutnick on President Donald J. Trump' deal with Intel : We went from the American taxpayer giving Intel $10B and getting nothing for it, to owning 430 million shares of their company, worth $30B for the American taxpayer. That's a swing of $40B — for the benefit of who? For us.

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Howard Lutnick on the Trump administration's desire to buy a 10% stake in Intel: “Look, the Biden administration literally was giving Intel money for free... Donald Trump turns that into saying, hey, we want equity for the money.... we want a piece of the action."
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Howard Lutnick on the Trump administration's desire to buy a 10% stake in Intel: “Look, the Biden administration literally was giving Intel money for free... Donald Trump turns that into saying, hey, we want equity for the money.... we want a piece of the action."

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Lutnick: "The Biden administration gave $10 billion to Intel to build semiconductors in America, which they were already doing ... so we said, 'Look, we're gonna cancel that contract and I want the $10 billion back. I don't want to give you the $10b, because that's just not going to work for us.' So we negotiated and we said, 'Ok, you can keep the money that was already signed, sealed, and delivered, and you give us 10% of the equity in the company.'"
2:07

Lutnick: "The Biden administration gave $10 billion to Intel to build semiconductors in America, which they were already doing ... so we said, 'Look, we're gonna cancel that contract and I want the $10 billion back. I don't want to give you the $10b, because that's just not going to work for us.' So we negotiated and we said, 'Ok, you can keep the money that was already signed, sealed, and delivered, and you give us 10% of the equity in the company.'"

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Lutnick: I think Rand Paul has got it backwards. When the Biden administration gave Intel $11 billion, an American company. I think that's beyond socialism.
1:01

Lutnick: I think Rand Paul has got it backwards. When the Biden administration gave Intel $11 billion, an American company. I think that's beyond socialism.

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"The investments in America are for the benefit of the economic and national security of the United States of America," says Commerce Secretary Howard Lutnick. "The only person who could've come up with these kind of ideas to make sure we protect America is Donald Trump."
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"The investments in America are for the benefit of the economic and national security of the United States of America," says Commerce Secretary Howard Lutnick. "The only person who could've come up with these kind of ideas to make sure we protect America is Donald Trump."

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Secretary Howard Lutnick on the historic Japan deal: "The Japanese have given President Trump $550 billion for President Trump to direct where and how he wants it invested in America. And if you think about that, that's half a percent of GDP growth per year for the rest of his term, given to Donald Trump by the Japanese in order to build in America for our national and economic security."
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Secretary Howard Lutnick on the historic Japan deal: "The Japanese have given President Trump $550 billion for President Trump to direct where and how he wants it invested in America. And if you think about that, that's half a percent of GDP growth per year for the rest of his term, given to Donald Trump by the Japanese in order to build in America for our national and economic security."

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The Art of the Deal — Intel Caved to the King 👑 The Biden admin gave Intel $11 BILLION… for nothing. President Trump was elected and said “NO, NO, NO… why don’t we get something for it?” Within 5 minutes, President Trump negotiated a deal where the Federal Government now has a 10% stake in their company, valued at approximately $11.1 Billion. Trump actually ended up making MORE money than Biden gave away, not to mention securing Semiconductor Manufacturing in America, instead of a foreign nation. This came after President Trump earlier this month called for the resignation of Intel’s CEO, Lip-Bu Tan, over past investments in Chinese companies. After Tan met with Trump at the White House, he caved to the King.. done deal.
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The Art of the Deal — Intel Caved to the King 👑 The Biden admin gave Intel $11 BILLION… for nothing. President Trump was elected and said “NO, NO, NO… why don’t we get something for it?” Within 5 minutes, President Trump negotiated a deal where the Federal Government now has a 10% stake in their company, valued at approximately $11.1 Billion. Trump actually ended up making MORE money than Biden gave away, not to mention securing Semiconductor Manufacturing in America, instead of a foreign nation. This came after President Trump earlier this month called for the resignation of Intel’s CEO, Lip-Bu Tan, over past investments in Chinese companies. After Tan met with Trump at the White House, he caved to the King.. done deal.

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Lutnick: "This is literally the Japanese government itself saying to Donald Trump, 'We will provide Donald Trump and the American people $550 billion of projects you choose. And we will give *you* 90% of the profits, America.' So basically Donald Trump can pick the projects."
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Lutnick: "This is literally the Japanese government itself saying to Donald Trump, 'We will provide Donald Trump and the American people $550 billion of projects you choose. And we will give *you* 90% of the profits, America.' So basically Donald Trump can pick the projects."

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Howard Lutnick on Trump's deal with Intel: We went from the American taxpayer giving Intel $10B and getting nothing for it, to owning 430 million shares of their company, worth $30B for the American taxpayer.
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Lutnick: "Japan gave us $550 billion, South Korea gave us $350 billion. That's $900 billion into a national security and economic fund managed by Donald Trump ... you ain't seen nothing like drill baby drill when you give $900 billion to Donald Trump. Now that is gonna be drill baby drill."

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