Guest Analyst

We're still talking.

We're still talking.

We're still talking.

Yeah. Yeah. So we always I mean, war may be a bad word, but we always this is a real time full thing analyzing for clients, for communities, for a bank. We get a million questions, stuff like that. Look, I look at tariffs. They are an economic tool. That's it. They're an economic weapon, you know, depending how you use it and why you use it and stuff like that.

Yeah. Yeah. So we always I mean, war may be a bad word, but we always this is a real time full thing analyzing for clients, for communities, for a bank. We get a million questions, stuff like that. Look, I look at tariffs. They are an economic tool. That's it. They're an economic weapon, you know, depending how you use it and why you use it and stuff like that.

Yeah. Yeah. So we always I mean, war may be a bad word, but we always this is a real time full thing analyzing for clients, for communities, for a bank. We get a million questions, stuff like that. Look, I look at tariffs. They are an economic tool. That's it. They're an economic weapon, you know, depending how you use it and why you use it and stuff like that.

And, you know, people are is inflationary and noninflationary. I would put in perspective, if it's a little inflationary, but it's good for national security, so be it. I mean, get over it. National security trumps a little bit more inflation, but I think it really, the question is how they get used. Can they be used to bring people to the table? Yes. Is there some unfair trade? Yes.

And, you know, people are is inflationary and noninflationary. I would put in perspective, if it's a little inflationary, but it's good for national security, so be it. I mean, get over it. National security trumps a little bit more inflation, but I think it really, the question is how they get used. Can they be used to bring people to the table? Yes. Is there some unfair trade? Yes.

And, you know, people are is inflationary and noninflationary. I would put in perspective, if it's a little inflationary, but it's good for national security, so be it. I mean, get over it. National security trumps a little bit more inflation, but I think it really, the question is how they get used. Can they be used to bring people to the table? Yes. Is there some unfair trade? Yes.

Is there some state-owned subsidies? Yes. You know, is the president going to use that way in his team? Yeah, and we'll see.

Is there some state-owned subsidies? Yes. You know, is the president going to use that way in his team? Yeah, and we'll see.

Is there some state-owned subsidies? Yes. You know, is the president going to use that way in his team? Yeah, and we'll see.

I'm not going to predict the outcome of it. First of all, which tariffs will be enacted and how it will affect prices? We'll have to see. I think you're seeing a measured approach by the president. tariffs clearly is going to be a part of the policy agenda from the White House. All of that, he's said to us, will be in the executive branch and not the legislative branch.

I'm not going to predict the outcome of it. First of all, which tariffs will be enacted and how it will affect prices? We'll have to see. I think you're seeing a measured approach by the president. tariffs clearly is going to be a part of the policy agenda from the White House. All of that, he's said to us, will be in the executive branch and not the legislative branch.

I'm not going to predict the outcome of it. First of all, which tariffs will be enacted and how it will affect prices? We'll have to see. I think you're seeing a measured approach by the president. tariffs clearly is going to be a part of the policy agenda from the White House. All of that, he's said to us, will be in the executive branch and not the legislative branch.

So they'll have unilateral authority over it. But I think he's going to be wise in how he does that. I don't think you'll see across the board tariffs in whole countries or whole industries. I don't believe that's what will happen. I think he's going to deal with The unfairness that we see out in the world stage, China, for example, is a terrible trading partner. They abuse the system.

So they'll have unilateral authority over it. But I think he's going to be wise in how he does that. I don't think you'll see across the board tariffs in whole countries or whole industries. I don't believe that's what will happen. I think he's going to deal with The unfairness that we see out in the world stage, China, for example, is a terrible trading partner. They abuse the system.

So they'll have unilateral authority over it. But I think he's going to be wise in how he does that. I don't think you'll see across the board tariffs in whole countries or whole industries. I don't believe that's what will happen. I think he's going to deal with The unfairness that we see out in the world stage, China, for example, is a terrible trading partner. They abuse the system.

They steal our intellectual property. They're now.

They steal our intellectual property. They're now.