Gavin Bade

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.

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.

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.

And then only a few hours after he issued that memo, he came out and made that tariff threat.

And then only a few hours after he issued that memo, he came out and made that tariff threat.

And then only a few hours after he issued that memo, he came out and made that tariff threat.

So there's a few general motivations here. Generally speaking, Trump has said the first and foremost, it's about the illegal fentanyl trade that they say has killed tens of millions of American citizens. That's maybe an inflated measure, but killed a lot of American citizens, right?

So there's a few general motivations here. Generally speaking, Trump has said the first and foremost, it's about the illegal fentanyl trade that they say has killed tens of millions of American citizens. That's maybe an inflated measure, but killed a lot of American citizens, right?

So there's a few general motivations here. Generally speaking, Trump has said the first and foremost, it's about the illegal fentanyl trade that they say has killed tens of millions of American citizens. That's maybe an inflated measure, but killed a lot of American citizens, right?