Gavin Bade
π€ SpeakerAppearances Over Time
Podcast Appearances
A lot of their constituents are being hurt by this.
Remember, we saw both chambers of Congress have separately taken votes against at least some of Trump's tariffs, right?
Just a couple weeks ago, the House voted a disapproval resolution on Trump's IEPA tariffs on Canada.
And that was, you know, a Republican-controlled House.
So there's not a lot of appetite in Congress to go and legislate these things, especially in election year.
when, you know, your opponent's going to be able to hit you over the head for increasing prices to consumers if you voted for those tariffs.
So, yeah, it's a theoretical option, but probably not a practical one.
I think in a way they've been doing that in fits and starts already, right?
We've seen in the last few months, Trump has really carved a lot of holes, a lot of exemptions in these IEPA tariffs.
You know, when he enters into a new trade agreement with another nation, he often will exempt many of their products from tariffs, right?
Just yesterday, we signed a trade deal with Indonesia.
A lot of their farm goods like, you know, coconut oil, palm oil,
Those will be able to come in under duty-free, no tariffs under this new deal.
So they've already been pushing those back a little bit.
But I don't think that you'll see them just throw up their hands and say, we're not doing tariffs anymore, right?
They're going to reinstitute most of these tariffs.
They want the revenue from it.
They want to have the political symbolism of sticking up for U.S.
manufacturers and U.S.