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All-In with Chamath, Jason, Sacks & Friedberg

Howard Lutnick | All-In in DC!

Thu, 20 Mar 2025

Description

(0:00) Chamath and Friedberg welcome Commerce Secretary Howard Lutnick! (1:10) Howard describes his 30+ year relationship with President Trump and his road from business to politics (14:44) Running Trump's transition team, DOGE origin story, what it's like working for Trump (38:01) Balancing the budget and fixing GDP (52:21) Tariff history and strategy, global trade (1:10:34) Trump Cards, building better government software, AI thoughts (1:22:49) Sovereign Wealth Fund strategy (1:37:16) How his family reacted to his new role Thanks to our partners for making this happen: Gemini: https://www.gemini.com/allin Hims: https://www.hims.com | https://www.forhers.com iTrustCapital (use code allin): https://www.itrustcapital.com/allin Follow Secretary Lutnick: https://x.com/howardlutnick Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect

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Transcription

How did Howard Lutnick's relationship with Trump begin?

1158.834 - 1159.054 Unknown

Yeah.

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1159.374 - 1166.441 Nick

I would call him and say, it's an emergency. It's emergency. I need to see you. He'd fly and go, what is it? I go, you need to join the administration. He goes, that's what the emergency was. I go,

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1169.11 - 1174.812 Chamath Palihapitiya

And Howard, was that when you conceived originally Doge in that initial, was that during the transition?

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1175.112 - 1177.412 David Sacks

All right, so Doge. Yeah, we should talk about Doge and tariffs.

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1177.472 - 1185.935 Nick

Okay, so Doge comes, it's October of, before the election.

1186.275 - 1186.535 Unknown

Okay.

1186.695 - 1197.338 Nick

Early October. October 2024. October 2024. Yeah. Like the beginning of October 2024. And I called the president and I said, I need to spend an hour with you.

1198.214 - 1224.725 Nick

i have my big ideas yeah right so he gives me he says look i'm not sure what to do october 7th right why don't we figure out what i should be doing october 7th so we decided we're going to go out to the oh hell which is uh uh a super religious uh hasidic jewish um messiah you know the people who wear black hats think he's the messiah and they have a crypt for him where you write a note and you put a note in all right and so

1226.547 - 1250.173 Nick

We agreed we'd go out to that grave site and we'd probably win 60,000 of those kind of voters, which is pretty cool for a day. And then we drove there and back together, the two of us. So I had an hour and a half, just he and me talking. And I said, I want to balance the budget in the United States of America. And this is the way we're gonna do it.

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