E.J. Antoni
👤 PersonAppearances Over Time
Podcast Appearances
You know, the Fed cut interest rates when they had no business doing so back in the autumn. That caused commodity prices to spike. That is now turning into higher wholesale prices and higher retail prices that you and all the listeners have to pay. That's one of the reasons why we're still dealing with some inflationary fallout.
So that's basically the mess that has been dumped into this administration's lap and that they're now having to deal with.
So that's basically the mess that has been dumped into this administration's lap and that they're now having to deal with.
I think it was certainly a surprise to a lot of folks who weren't expecting it, at least not this soon. Now, some of it is not going into effect immediately. In other words... cars currently made in Mexico, in Canada, they're going to have some time to verify, for example, what percentage of the components are actually being made in North America.
I think it was certainly a surprise to a lot of folks who weren't expecting it, at least not this soon. Now, some of it is not going into effect immediately. In other words... cars currently made in Mexico, in Canada, they're going to have some time to verify, for example, what percentage of the components are actually being made in North America.
I think it was certainly a surprise to a lot of folks who weren't expecting it, at least not this soon. Now, some of it is not going into effect immediately. In other words... cars currently made in Mexico, in Canada, they're going to have some time to verify, for example, what percentage of the components are actually being made in North America.
In other words, what does qualify for the USMCA and what does not. Part of the reason why so much ire has been directed at Canada lately, for example, is because of all the abuses that have been alleged within the USMCA. In other words, when you allow a Chinese company to come in and set up shop in Canada and sell stuff, That's really not Canadian. It's actually coming in from China.
In other words, what does qualify for the USMCA and what does not. Part of the reason why so much ire has been directed at Canada lately, for example, is because of all the abuses that have been alleged within the USMCA. In other words, when you allow a Chinese company to come in and set up shop in Canada and sell stuff, That's really not Canadian. It's actually coming in from China.
In other words, what does qualify for the USMCA and what does not. Part of the reason why so much ire has been directed at Canada lately, for example, is because of all the abuses that have been alleged within the USMCA. In other words, when you allow a Chinese company to come in and set up shop in Canada and sell stuff, That's really not Canadian. It's actually coming in from China.
But you're selling it under the guise of the USMCA. That's really an abuse of these country of origin laws. And so if Canada is not willing to crack down on that, then we're going to have to crack down on it.
But you're selling it under the guise of the USMCA. That's really an abuse of these country of origin laws. And so if Canada is not willing to crack down on that, then we're going to have to crack down on it.
But you're selling it under the guise of the USMCA. That's really an abuse of these country of origin laws. And so if Canada is not willing to crack down on that, then we're going to have to crack down on it.
Exactly. And it's not just the fact that they are evading the tariffs on China, but then they're getting it's kind of a one to punch because they're evading the Chinese tariffs. And then they're also getting the preferential treatment that other nations don't get within the USMCA. So it's not simply that China is not China, but they're on a level playing field with the rest of the world.
Exactly. And it's not just the fact that they are evading the tariffs on China, but then they're getting it's kind of a one to punch because they're evading the Chinese tariffs. And then they're also getting the preferential treatment that other nations don't get within the USMCA. So it's not simply that China is not China, but they're on a level playing field with the rest of the world.
Exactly. And it's not just the fact that they are evading the tariffs on China, but then they're getting it's kind of a one to punch because they're evading the Chinese tariffs. And then they're also getting the preferential treatment that other nations don't get within the USMCA. So it's not simply that China is not China, but they're on a level playing field with the rest of the world.
No, it's one step further. They're even getting preferential treatment.
No, it's one step further. They're even getting preferential treatment.
No, it's one step further. They're even getting preferential treatment.
Yeah. That's my late grandfather's. And since we have the same initials, it was, it was left to me. That's cool.
Yeah. That's my late grandfather's. And since we have the same initials, it was, it was left to me. That's cool.