The heads of the largest U.S. banks met with Commerce Secretary Howard Lutnick last week and discussed President Donald Trump's tariff plans a day after they were announced. CEOs from the nation's largest banks met with Lutnick in Washington on Thursday as part of a regularly scheduled meeting hosted by the Financial Services Forum,

Howard Lutnick said the calls from foreign officials prove that “these countries know that they’ve been ripping us off,” suggesting there was no room for negotiations.

"It used to be built here. Our policies let Taiwan take it all," Lutnick said.