Gavin Bade

You have to write a report.

So that all takes time.

Trump wants to do these things immediately.

So he has this kind of one-two step.

Okay, we've got our temporary tariffs, and then we will come back and have the longer-lasting ones later.

I don't think it'll affect a lot in the short term, right?

No one's going to make major investment decisions or maybe even shipping decisions based on this.

There's still a lot of work to be done here and a lot of open questions as to how they will try to reconstitute this tariff regime.

I think what he was trying to tell international markets and governments abroad is that even if it's not under this law, you can be sure of one thing, and that's I'm going to have tariffs on you.

I think the most damaging thing for him and his team is just that they have now been shown a limit to their power.

Trump wanted to use these tariffs to exert his own personal authority over the entire global economy.

Now they have been pegged back.

They have been told that is not the case.

You are not all powerful in the global economy.

Actually, Congress didn't give you this authority.

Thanks, Alex.

What China hawks in Washington would say is if you let companies that come from a non-market economy like China, that is going to hollow out American manufacturing from within.

The vibe is very much kind of an old-style factory.

This Vitro plant dates back to the 1950s.

It's been around a long time.