Andrew Ross Sorkin
👤 PersonAppearances Over Time
Podcast Appearances
And by the way,
That competition is forcing the cost of labor down.
It's forcing the cost of everything to go down.
And that's what to some degree I would argue breaks the unions or at least makes it much harder from – this goes back to capitalism and socialism.
But from a capitalistic perspective to compete –
when you're effectively competing against competitors that have much lower costs.
And by the way, we're seeing this now in terms of why the president wants to implement tariffs, because he's looking and saying to himself, look, BYD in China, if we let BYD in China sell cars into America today, we would have no car industry.
We just wouldn't, because the cars are better made and cost less.
This is like total deadpan.
And for a moment, he had me.
I'm just saying, whether you want to listen to Elon Musk or not, he's always said, if you do not have these tariffs, that the American car market would be in trouble.
And I think there's truth to that.
There's truth to that.
And we actually, as a country, have to decide, do we want an automobile industry?
I mean, I think these are real questions.
And then the question is, if you want an automobile industry, how do you get it?
Right.
I mean, our tariffs going to help us.
I mean, right now, the way the tariffs are structured, I think it's going to become very complicated.
But I will say I talked to a CEO of a big U.S.