Brian Deese

part going to be tariffed, a steering wheel going to be tariffed four or five different times as it goes across the border? How is this going to work? And by the way, if Canada retaliates and starts to cut off access to parts, that's going to have a broader cascading impact on our company's ability to actually produce vehicles in the first place.

part going to be tariffed, a steering wheel going to be tariffed four or five different times as it goes across the border? How is this going to work? And by the way, if Canada retaliates and starts to cut off access to parts, that's going to have a broader cascading impact on our company's ability to actually produce vehicles in the first place.

Yeah, to shorthand it, it's a difference between strategic and stupid. So there is a real rationale, an economic and national security rationale to use tariffs. If other countries are explicitly either illegally or unfairly contorting their own industry in an effort to try to undermine American industry in areas where we have a strategic strategic stake.

Yeah, to shorthand it, it's a difference between strategic and stupid. So there is a real rationale, an economic and national security rationale to use tariffs. If other countries are explicitly either illegally or unfairly contorting their own industry in an effort to try to undermine American industry in areas where we have a strategic strategic stake.

things where we need components that go into building planes and tanks that support our military, things like critical minerals that are actually strategic and China could have a stranglehold on different supply chains. In those areas, you can actually see a country like China is actually taking illegal action to try to subsidize its industry in a way that could then undercut U.S. industry.

things where we need components that go into building planes and tanks that support our military, things like critical minerals that are actually strategic and China could have a stranglehold on different supply chains. In those areas, you can actually see a country like China is actually taking illegal action to try to subsidize its industry in a way that could then undercut U.S. industry.

It makes a lot of sense to actually step in and say, no, we're going to make sure that U.S. industry has a way to actually build and scale its own capabilities. But to put the strategic versus stupid in context, the total amount of goods that the Biden administration put tariffs on, these strategic tariffs, was about $18 billion.

It makes a lot of sense to actually step in and say, no, we're going to make sure that U.S. industry has a way to actually build and scale its own capabilities. But to put the strategic versus stupid in context, the total amount of goods that the Biden administration put tariffs on, these strategic tariffs, was about $18 billion.

You compare that to what's on the table right now with Trump, $1.4 trillion. So, you know, people say it's a difference between a scalpel and a sledgehammer. This is like a scalpel versus like a whole army versus sledgehammers just hitting anything that you could possibly hit.

You compare that to what's on the table right now with Trump, $1.4 trillion. So, you know, people say it's a difference between a scalpel and a sledgehammer. This is like a scalpel versus like a whole army versus sledgehammers just hitting anything that you could possibly hit.

And so even to give the first Trump administration some credit under, you know, Bob Lighthizer and others, the ultimate approach they took to China was more calibrated. It wasn't across the board. It didn't hit everything. It exempted consumer goods. This approach is literally saying we'll just put a tariff on anything. even if the end result is you're pissing into a fan, it's all coming back.

And so even to give the first Trump administration some credit under, you know, Bob Lighthizer and others, the ultimate approach they took to China was more calibrated. It wasn't across the board. It didn't hit everything. It exempted consumer goods. This approach is literally saying we'll just put a tariff on anything. even if the end result is you're pissing into a fan, it's all coming back.

There's just, there's not a strategic rationale behind the approach.

There's just, there's not a strategic rationale behind the approach.

So we benefit when countries believe that when we say something, we're going to do it. And that's a little bit of the problem with this strategy of constantly threatening everybody with tariffs, right, is either one of two things happens. One, you threaten it and then pull it back.

So we benefit when countries believe that when we say something, we're going to do it. And that's a little bit of the problem with this strategy of constantly threatening everybody with tariffs, right, is either one of two things happens. One, you threaten it and then pull it back.

It seems like what's happened with Scheinbaum even today, the 25 percent tariff is not going to go into effect today with Mexico, but maybe it will go into effect a month from now. You do that enough times and people start to question whether the United States will actually do what it says.

It seems like what's happened with Scheinbaum even today, the 25 percent tariff is not going to go into effect today with Mexico, but maybe it will go into effect a month from now. You do that enough times and people start to question whether the United States will actually do what it says.

Or you follow through and the bullying tactic causes other people to recognize, well, if you're going to bully us, we're going to go and find other friends. We're going to go and not rely on the United States anymore.

Or you follow through and the bullying tactic causes other people to recognize, well, if you're going to bully us, we're going to go and find other friends. We're going to go and not rely on the United States anymore.