Doug
👤 PersonAppearances Over Time
Podcast Appearances
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 the thinking by Howard Ludnick and Trump is that by the time we got through the Vietnam War, we're in the 80s, and now we've had four decades of not having destruction around the world, not having countries that are ravaged by war, at least to the same extent, that we as America need to go back to what we used to do, which is to say, hey, we're going to protect our industries.
And the thinking by Howard Ludnick and Trump is that by the time we got through the Vietnam War, we're in the 80s, and now we've had four decades of not having destruction around the world, not having countries that are ravaged by war, at least to the same extent, that we as America need to go back to what we used to do, which is to say, hey, we're going to protect our industries.
And the thinking by Howard Ludnick and Trump is that by the time we got through the Vietnam War, we're in the 80s, and now we've had four decades of not having destruction around the world, not having countries that are ravaged by war, at least to the same extent, that we as America need to go back to what we used to do, which is to say, hey, we're going to protect our industries.
And over the last four decades, we've seen that basically all manufacturing in the U.S. has been offshored, that these manufacturing jobs are gone, that exactly like you said, all like you and me, I make I'm a mug salesman technically. Yes, sir. Right. We the like we make our mugs in China because there's barely the option to do that in the U.S. And if it is, it's slow and expensive.
And over the last four decades, we've seen that basically all manufacturing in the U.S. has been offshored, that these manufacturing jobs are gone, that exactly like you said, all like you and me, I make I'm a mug salesman technically. Yes, sir. Right. We the like we make our mugs in China because there's barely the option to do that in the U.S. And if it is, it's slow and expensive.
And over the last four decades, we've seen that basically all manufacturing in the U.S. has been offshored, that these manufacturing jobs are gone, that exactly like you said, all like you and me, I make I'm a mug salesman technically. Yes, sir. Right. We the like we make our mugs in China because there's barely the option to do that in the U.S. And if it is, it's slow and expensive.
Yes, yes. And so the idea is basically this is how you protect your own industries. On top of that, it incentivizes companies to come build. So right now, if you have a company, if you are building a new factory, you are incentivized for merch, let's say. You're incentivized to go build that in Mexico or China because the costs are going to be so much lower and margins are going to be higher.
Yes, yes. And so the idea is basically this is how you protect your own industries. On top of that, it incentivizes companies to come build. So right now, if you have a company, if you are building a new factory, you are incentivized for merch, let's say. You're incentivized to go build that in Mexico or China because the costs are going to be so much lower and margins are going to be higher.
Yes, yes. And so the idea is basically this is how you protect your own industries. On top of that, it incentivizes companies to come build. So right now, if you have a company, if you are building a new factory, you are incentivized for merch, let's say. You're incentivized to go build that in Mexico or China because the costs are going to be so much lower and margins are going to be higher.
But if across many different industries, all these different companies say – not necessarily you, Aiden, but the person who is deciding to build the next factory goes, you know what? It's going to cost about the same. Let's do this in America. It brings jobs back here that are high quality and high paying. Like you said, costs will go up.
But if across many different industries, all these different companies say – not necessarily you, Aiden, but the person who is deciding to build the next factory goes, you know what? It's going to cost about the same. Let's do this in America. It brings jobs back here that are high quality and high paying. Like you said, costs will go up.
But if across many different industries, all these different companies say – not necessarily you, Aiden, but the person who is deciding to build the next factory goes, you know what? It's going to cost about the same. Let's do this in America. It brings jobs back here that are high quality and high paying. Like you said, costs will go up.
But the idea is that those costs are going up to fund Americans getting jobs in America and that over time then – as even though costs are higher, wages also rise at a higher level, right? Because the quality of our incomes is going up rather than everything being offshore to the cheapest possible bidder. This is the argument.
But the idea is that those costs are going up to fund Americans getting jobs in America and that over time then – as even though costs are higher, wages also rise at a higher level, right? Because the quality of our incomes is going up rather than everything being offshore to the cheapest possible bidder. This is the argument.
But the idea is that those costs are going up to fund Americans getting jobs in America and that over time then – as even though costs are higher, wages also rise at a higher level, right? Because the quality of our incomes is going up rather than everything being offshore to the cheapest possible bidder. This is the argument.
Also, there would be potentially a large amount of income generated from tariffs, even though it's mostly paid by the consumer. That is Howard Luddick's argument. That is Trump's thought. We used to have this system for the first half of American history. The second half, we do not have tariffs. And that has basically caused all of our manufacturing problems.
Also, there would be potentially a large amount of income generated from tariffs, even though it's mostly paid by the consumer. That is Howard Luddick's argument. That is Trump's thought. We used to have this system for the first half of American history. The second half, we do not have tariffs. And that has basically caused all of our manufacturing problems.
Also, there would be potentially a large amount of income generated from tariffs, even though it's mostly paid by the consumer. That is Howard Luddick's argument. That is Trump's thought. We used to have this system for the first half of American history. The second half, we do not have tariffs. And that has basically caused all of our manufacturing problems.
to dissipate and other countries are taking advantage of us by tariffing our stuff and making it even harder for people to build in the United States because if they then can't sell to other countries because they're being tariffed, they may as well go build in other countries.