Chamath Palihapitiya

What was the experiment?

We needed to smoke out what the right balance of trade should be between the United States and all of its partner countries.

We needed to smoke out what the right balance of trade should be between the United States and all of its partner countries.

I think that what we uncovered is that for the most part, they were structural imbalances that were made not because they made economic sense for America, but it was just part of a hodgepodge of globalist drivel that people just bought into.

I think that what we uncovered is that for the most part, they were structural imbalances that were made not because they made economic sense for America, but it was just part of a hodgepodge of globalist drivel that people just bought into.

And if you strip all that stuff away,

And if you strip all that stuff away,

We had a hollowed out manufacturing class and we have a hollowed out middle class.

We had a hollowed out manufacturing class and we have a hollowed out middle class.

And the tariffs will create more equality for the American worker in the end.

And the tariffs will create more equality for the American worker in the end.

So now I think the debate should be about how to implement these in a structural and permanent way.

So now I think the debate should be about how to implement these in a structural and permanent way.

I think we talked about this before, Jason, that this was sort of expected.

I think we talked about this before, Jason, that this was sort of expected.

And there are many other mechanisms.

And there are many other mechanisms.

I think the president activated one of them immediately.

I think the president activated one of them immediately.

I don't think this is going away, and I don't think it should go away.