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Doug

๐Ÿ‘ค Speaker
2579 total appearances

Appearances Over Time

Podcast Appearances

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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...

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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...

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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...

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

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.

Lemonade Stand
Liberation Day Changes Everything | Ep 005 Lemonade Stand ๐Ÿ‹

But if across many different industries, all these different companies say โ€“ 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.