Gavin Bade

There were a lot of U.S. industries, especially like the automotive industry, which does a ton of trade with Canada and Mexico, who had been begging him to put an exemptions process into this, basically a process to get a carve out from the tariffs.

They were saying, look, we have continental supply chains that we have put in place because of the trade deal that you negotiated with Canada and Mexico in your first term, the so-called U.S.-Mexico-Canada agreement that replaced NAFTA. We made our supply chain, said the automotive industry, according to that deal that you negotiated and signed.

They were saying, look, we have continental supply chains that we have put in place because of the trade deal that you negotiated with Canada and Mexico in your first term, the so-called U.S.-Mexico-Canada agreement that replaced NAFTA. We made our supply chain, said the automotive industry, according to that deal that you negotiated and signed.

They were saying, look, we have continental supply chains that we have put in place because of the trade deal that you negotiated with Canada and Mexico in your first term, the so-called U.S.-Mexico-Canada agreement that replaced NAFTA. We made our supply chain, said the automotive industry, according to that deal that you negotiated and signed.

So at least the cars that we make that are compliant with that deal, please make them exempt from these tariffs. Trump said, no, thanks. I would rather hit all of the automotive consumers with tariffs, all the automotive companies with tariffs.

So at least the cars that we make that are compliant with that deal, please make them exempt from these tariffs. Trump said, no, thanks. I would rather hit all of the automotive consumers with tariffs, all the automotive companies with tariffs.

So at least the cars that we make that are compliant with that deal, please make them exempt from these tariffs. Trump said, no, thanks. I would rather hit all of the automotive consumers with tariffs, all the automotive companies with tariffs.

We have not heard as much from the Chinese government yet. I think they are playing their cards very, very close to the chest. By contrast, Canada and Mexico have had a much more forceful response.

We have not heard as much from the Chinese government yet. I think they are playing their cards very, very close to the chest. By contrast, Canada and Mexico have had a much more forceful response.

We have not heard as much from the Chinese government yet. I think they are playing their cards very, very close to the chest. By contrast, Canada and Mexico have had a much more forceful response.

There's a lot of U.S. products that flow south of the border into Mexico as well. So, you know, and I think like thinking about your grocery store list, like a lot of that stuff is going to be impacted by the tariffs Trump put into place on Mexico.

There's a lot of U.S. products that flow south of the border into Mexico as well. So, you know, and I think like thinking about your grocery store list, like a lot of that stuff is going to be impacted by the tariffs Trump put into place on Mexico.

There's a lot of U.S. products that flow south of the border into Mexico as well. So, you know, and I think like thinking about your grocery store list, like a lot of that stuff is going to be impacted by the tariffs Trump put into place on Mexico.

I think a lot of people are still trying to sort through the magnitude, but they pretty uniformly say higher prices. And that means, you know, lower economic growth for the American economy.

I think a lot of people are still trying to sort through the magnitude, but they pretty uniformly say higher prices. And that means, you know, lower economic growth for the American economy.

I think a lot of people are still trying to sort through the magnitude, but they pretty uniformly say higher prices. And that means, you know, lower economic growth for the American economy.

Yeah, I mean, just off the top of my head, I mean, I just, I'm thinking about all of the kind of winter vegetables that we get in from Mexico, right? All of the tomatoes, all of the avocados, things like that. I'm thinking about how integrated the meatpacking industry is over the U.S.-Canada border and how many times, like, you know, a cow crosses the border multiple times between the U.S.

Yeah, I mean, just off the top of my head, I mean, I just, I'm thinking about all of the kind of winter vegetables that we get in from Mexico, right? All of the tomatoes, all of the avocados, things like that. I'm thinking about how integrated the meatpacking industry is over the U.S.-Canada border and how many times, like, you know, a cow crosses the border multiple times between the U.S.

Yeah, I mean, just off the top of my head, I mean, I just, I'm thinking about all of the kind of winter vegetables that we get in from Mexico, right? All of the tomatoes, all of the avocados, things like that. I'm thinking about how integrated the meatpacking industry is over the U.S.-Canada border and how many times, like, you know, a cow crosses the border multiple times between the U.S.

and Canada in a lot of cases before it's processed into whatever, a hamburger or beef jerky or whatever, right? Then thinking about automobiles, the average car will cross the U.S.-Canada border eight times right before it is actually a car. And every single time that automobile or that auto part crosses the border, it's going to need to get a tariff paid on it.