Doug

I'm going to use this flimsy American made steel to try to... Not only am I not deeply opinioned about this, this gets into deep economics that I'm just not as familiar with as you. I'm going to voice the thinking from Howard Luttick. Luttick. So he's the Secretary of Commerce. Listened to an interview that he did on All In. And so here's the argument for tariffs.

I'm going to use this flimsy American made steel to try to... Not only am I not deeply opinioned about this, this gets into deep economics that I'm just not as familiar with as you. I'm going to voice the thinking from Howard Luttick. Luttick. So he's the Secretary of Commerce. Listened to an interview that he did on All In. And so here's the argument for tariffs.

I'm going to use this flimsy American made steel to try to... Not only am I not deeply opinioned about this, this gets into deep economics that I'm just not as familiar with as you. I'm going to voice the thinking from Howard Luttick. Luttick. So he's the Secretary of Commerce. Listened to an interview that he did on All In. And so here's the argument for tariffs.

Before World War I, America had tariffs on most countries around the world. We tariffed most goods. And that was also before World War I when America was an absolutely... unbelievably powerful industrial creator, right? We had massive, massive output and production as a company. That's what we were known as, that's what America was.

Before World War I, America had tariffs on most countries around the world. We tariffed most goods. And that was also before World War I when America was an absolutely... unbelievably powerful industrial creator, right? We had massive, massive output and production as a company. That's what we were known as, that's what America was.

Before World War I, America had tariffs on most countries around the world. We tariffed most goods. And that was also before World War I when America was an absolutely... unbelievably powerful industrial creator, right? We had massive, massive output and production as a company. That's what we were known as, that's what America was.

And that's what basically powered and won world, I mean, simplifying dramatically, obviously, but World War I and especially World War II, right? Just this massive production engine of the United States.

And that's what basically powered and won world, I mean, simplifying dramatically, obviously, but World War I and especially World War II, right? Just this massive production engine of the United States.

And that's what basically powered and won world, I mean, simplifying dramatically, obviously, but World War I and especially World War II, right? Just this massive production engine of the United States.

um after world war one um in response to basically trying to uh help support countries rebuild america stopped tariffing and said we are going to temporarily ease tariffs on these countries that are trying to rebuild because you can't afford them we're trying to help you out then comes the great depression great depression like okay we can't put tariffs back now i mean historically our country has always had tariffs we can't put it back now

um after world war one um in response to basically trying to uh help support countries rebuild america stopped tariffing and said we are going to temporarily ease tariffs on these countries that are trying to rebuild because you can't afford them we're trying to help you out then comes the great depression great depression like okay we can't put tariffs back now i mean historically our country has always had tariffs we can't put it back now

um after world war one um in response to basically trying to uh help support countries rebuild america stopped tariffing and said we are going to temporarily ease tariffs on these countries that are trying to rebuild because you can't afford them we're trying to help you out then comes the great depression great depression like okay we can't put tariffs back now i mean historically our country has always had tariffs we can't put it back now

But we'll wait. Then World War II happens. Okay, that's bad. And then the Korea War happens in the 50s. And then the Vietnam War happens in the 70s. And it's on and on and on. And all these issues where we are basically... The idea is that normally you would have tariffs, as most countries do. To be clear, we do have less tariffs in the US than most countries, right? Like...

But we'll wait. Then World War II happens. Okay, that's bad. And then the Korea War happens in the 50s. And then the Vietnam War happens in the 70s. And it's on and on and on. And all these issues where we are basically... The idea is that normally you would have tariffs, as most countries do. To be clear, we do have less tariffs in the US than most countries, right? Like...

But we'll wait. Then World War II happens. Okay, that's bad. And then the Korea War happens in the 50s. And then the Vietnam War happens in the 70s. And it's on and on and on. And all these issues where we are basically... The idea is that normally you would have tariffs, as most countries do. To be clear, we do have less tariffs in the US than most countries, right? Like...

particularly like a lot of specialized goods and stuff are tariffed by a lot of countries. And then like when they're trying to buy from the U S and in return, we, the United States have extremely low tariffs on the rest of the, like what some of the numbers on like an American made car gets massively tariffed in Europe.

particularly like a lot of specialized goods and stuff are tariffed by a lot of countries. And then like when they're trying to buy from the U S and in return, we, the United States have extremely low tariffs on the rest of the, like what some of the numbers on like an American made car gets massively tariffed in Europe.

particularly like a lot of specialized goods and stuff are tariffed by a lot of countries. And then like when they're trying to buy from the U S and in return, we, the United States have extremely low tariffs on the rest of the, like what some of the numbers on like an American made car gets massively tariffed in Europe.

And then... So it's like much... They are less incentivized to buy an American-made car in Europe, and we don't do the same to them. It's like a 2% or a 4% tariff, I think. So there is, in many areas around the world, this sort of disjointed system where... Other countries have these tariffs in place to protect their industries, and we don't.

And then... So it's like much... They are less incentivized to buy an American-made car in Europe, and we don't do the same to them. It's like a 2% or a 4% tariff, I think. So there is, in many areas around the world, this sort of disjointed system where... Other countries have these tariffs in place to protect their industries, and we don't.