Gavin Bade

It certainly seems that way. I mean, Canada and Mexico have said that they are ready to respond. Canada is going to slap tariffs on U.S. shipments, you know, the same day that we do. And Mexico has promised to do the same.

And actually, the Trump administration anticipated this, and they put a provision in these tariff orders that says if Canada, Mexico, and China hit back, then they're going to make the tariffs even higher. So you can really see how this could spiral into even more of a trade war than we're having already.

And actually, the Trump administration anticipated this, and they put a provision in these tariff orders that says if Canada, Mexico, and China hit back, then they're going to make the tariffs even higher. So you can really see how this could spiral into even more of a trade war than we're having already.

And actually, the Trump administration anticipated this, and they put a provision in these tariff orders that says if Canada, Mexico, and China hit back, then they're going to make the tariffs even higher. So you can really see how this could spiral into even more of a trade war than we're having already.

Trump wants to use tariffs in the classical sense of building American manufacturing. So he was elected talking a lot about how manufacturing has gone overseas, whether automotive manufacturing or even lower down the value chain. And he's saying, you know, I'm going to put these tariffs back in place so that companies like the automotive companies have to build their factories here.

Trump wants to use tariffs in the classical sense of building American manufacturing. So he was elected talking a lot about how manufacturing has gone overseas, whether automotive manufacturing or even lower down the value chain. And he's saying, you know, I'm going to put these tariffs back in place so that companies like the automotive companies have to build their factories here.

Trump wants to use tariffs in the classical sense of building American manufacturing. So he was elected talking a lot about how manufacturing has gone overseas, whether automotive manufacturing or even lower down the value chain. And he's saying, you know, I'm going to put these tariffs back in place so that companies like the automotive companies have to build their factories here.

They have to build their products here.

They have to build their products here.

They have to build their products here.

So a tariff, you can just think of it as a fee that is paid on a product when it comes into this country.

So a tariff, you can just think of it as a fee that is paid on a product when it comes into this country.

So a tariff, you can just think of it as a fee that is paid on a product when it comes into this country.

Like a tax, right? It's a tax or a fee that you pay at the port of entry. The theory behind tariffs is you want to make products from other countries more expensive to make the products that you make in your country more competitive. So historically...

Like a tax, right? It's a tax or a fee that you pay at the port of entry. The theory behind tariffs is you want to make products from other countries more expensive to make the products that you make in your country more competitive. So historically...

Like a tax, right? It's a tax or a fee that you pay at the port of entry. The theory behind tariffs is you want to make products from other countries more expensive to make the products that you make in your country more competitive. So historically...

almost every industrialized country including the united states has used tariffs to protect what they would call infant industries industries that are just getting started and they want to create growth for them right and so think about you know when any industry the steel industry in the united states was starting for instance you had really high protective tariffs all throughout the 19th century to protect it from competition from overseas markets

almost every industrialized country including the united states has used tariffs to protect what they would call infant industries industries that are just getting started and they want to create growth for them right and so think about you know when any industry the steel industry in the united states was starting for instance you had really high protective tariffs all throughout the 19th century to protect it from competition from overseas markets

almost every industrialized country including the united states has used tariffs to protect what they would call infant industries industries that are just getting started and they want to create growth for them right and so think about you know when any industry the steel industry in the united states was starting for instance you had really high protective tariffs all throughout the 19th century to protect it from competition from overseas markets

It was a surprise in certain ways. He'd always said that he was going to do really intense tariffs on the campaign trail. Then he came in on the first day and he put out a policy memo saying we're going to study all of our trade deals and all of our trade policies. And so for a moment there, we all thought, hey, there's going to be a process here. They're going to do economic studies.