Eric Schiffer

And so anything that can be done to prove out, to show evidence that we are fiscally stronger serves the tenure.

And so anything that can be done to prove out, to show evidence that we are fiscally stronger serves the tenure.

I think it will depend upon what each government chooses to do and how and what the political situation is in the various governments. So when you do have some governments that may come back with more draconian industry specific tariffs, then, yeah, you can see secondary effects of that. And that can mean higher prices in certain verticals, for instance, it

I think it will depend upon what each government chooses to do and how and what the political situation is in the various governments. So when you do have some governments that may come back with more draconian industry specific tariffs, then, yeah, you can see secondary effects of that. And that can mean higher prices in certain verticals, for instance, it

And but we we've yet to see that fully instituted. What we've seen is a bit of a dance today. I mean, there are tariffs, but we haven't seen governments come out with any type of what I would consider to be draconian implementation. There's been a lot of threats and those threats are directed at farmers. They've been directed at Elon and Tesla. et cetera.

And but we we've yet to see that fully instituted. What we've seen is a bit of a dance today. I mean, there are tariffs, but we haven't seen governments come out with any type of what I would consider to be draconian implementation. There's been a lot of threats and those threats are directed at farmers. They've been directed at Elon and Tesla. et cetera.

But the actual execution is still the missiles haven't been fired. Okay. And so this is going to be a dance for a bit and we'll have to see, we're going to need to see, we'll also need to see how aggressive the Trump administration will ultimately want to go. Because part of this is for them to balance both inflation, what's real time against what the goals are from a revenue standpoint.

But the actual execution is still the missiles haven't been fired. Okay. And so this is going to be a dance for a bit and we'll have to see, we're going to need to see, we'll also need to see how aggressive the Trump administration will ultimately want to go. Because part of this is for them to balance both inflation, what's real time against what the goals are from a revenue standpoint.

And look, if Elon can continue to cut,

And look, if Elon can continue to cut,

that takes pressure off of the trump administration to drive revenues through tariffs right because they're able to balance the budget and reduce the deficit other ways so i think they're taking a much more measured approach than the press ever gave them credit for which is why strategically and i think it goes to having a solid team economically that's thinking about all the second level effects

that takes pressure off of the trump administration to drive revenues through tariffs right because they're able to balance the budget and reduce the deficit other ways so i think they're taking a much more measured approach than the press ever gave them credit for which is why strategically and i think it goes to having a solid team economically that's thinking about all the second level effects

making these moves and trying to balance everything accordingly. But just because a government comes back and threatens doesn't mean they're going to do it, especially with the United States that has so much ultimate power at its hands.

making these moves and trying to balance everything accordingly. But just because a government comes back and threatens doesn't mean they're going to do it, especially with the United States that has so much ultimate power at its hands.

Well, look, I think it's going to have a big impact on revenues. And so everyone's talking about, or certain individuals are talking about the negative effects, but what about the positive effects, right? When you begin to strip regulation, when you begin to strip laws that have

Well, look, I think it's going to have a big impact on revenues. And so everyone's talking about, or certain individuals are talking about the negative effects, but what about the positive effects, right? When you begin to strip regulation, when you begin to strip laws that have

impacted commerce, when you have foreign entities that the only way financially that makes sense for them to manage through any kind of tariff specific to them would be to invest in the United States. These are revenue streams and growth opportunities that I don't think have been fully calculated in terms of their impact.

impacted commerce, when you have foreign entities that the only way financially that makes sense for them to manage through any kind of tariff specific to them would be to invest in the United States. These are revenue streams and growth opportunities that I don't think have been fully calculated in terms of their impact.

And you can get what I'd call a Lollapalooza event where so many of them stack up that you can get growth that may even exceed what people are thinking about. As to the negative effects, look, as it relates to energy, these things, they're slower gears, you're correct. It will take some time for energy to really make those investments. And then the question is, will they make the investments?

And you can get what I'd call a Lollapalooza event where so many of them stack up that you can get growth that may even exceed what people are thinking about. As to the negative effects, look, as it relates to energy, these things, they're slower gears, you're correct. It will take some time for energy to really make those investments. And then the question is, will they make the investments?