Lutnick: I have a deal with a country, I’m just waiting for foreign parliament to approve

• All of the deals will be incredibly smart and incredibly thoughtful
• If we cut our trade deficit in half, that’s 2 percentage points of GDP
• Americans are going to work in factories as technicians
• You’re going to see the greatest domestic resurgence in auto manufacturing in the next two years, and I’ll wear it

The GDP math is such a tiresome argument. If you gain on the trade deficit by charging people people $2000 for an iPhone built domestically, then they won’t have that money to spend on other domestic goods/services.

This article was written by Adam Button at www.forexlive.com.