Squawk on the Street SOTS 2nd Hour: U.S. Commerce Secretary, Evercore Vice Chair, & Microsoft Pushes Back 12/3/25
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Dec 3, 2025 
U.S. Commerce Secretary Howard Lutnick, a former business executive, dives into trade policies and the future of tariffs, emphasizing the economic impacts of semiconductor and pharmaceutical investments. He also discusses the need for tech regulations to attract AI investment. Meanwhile, Krishna Guha, Evercore's Vice Chairman, analyzes recent labor market data and its implications for Fed policy, forecasting potential interest rate cuts as a preemptive measure. The discussion is packed with insights on economic strategy and growth expectations.
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Administration Expects Tariffs To Persist
- Lutnick expects the Supreme Court to uphold reciprocal tariffs and insists tariffs and related trade tools are durable.
- He says alternatives exist if the Court rules otherwise and that tariffs are here to stay.
Chipmakers Raised U.S. Investment After Policy Shift
- Lutnick cites TSMC and other chipmakers raising U.S. investments after policy shifts, boosting domestic semiconductor projects.
- He says these deals will include training American workers as plants are built here.
Train Technicians For Automated Manufacturing
- Train workers for high-tech roles—technicians, HVAC and clean-room specialists—to staff automated advanced manufacturing.
- Lutnick urges scaling workforce training to meet millions of new technical manufacturing jobs.