Jacob Ward
speaker
1,814 appearances
16 recordings
1 series
first heard Feb 2025
last heard Jul 2025
Jacob Ward’s voice in public audio — every appearance, attributed to the second.
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Appearances
And they, of course, to make good on their losses, have to pass that cost on to us.
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The estimate is that this is going to cost American families anywhere between 1.3% and 1.9% of their income over the coming year.
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That's something like a $3,000 extra expense per American family on average.
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That's what we're talking about.
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And this comes, of course, at a time when the latest estimate shows that about 37% of American families can't put together an extra $400 in an emergency.
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So it's a tough time to be asking people to pay as much more for imported goods as they're about to, especially considering how much of our lives depend on imported goods.
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Now, here's the thing.
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If you are an administration that wants to somehow revive American manufacturing, then your first step here, of course, is to just absolutely impose these in a blanket way
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But you have to do two things.
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First of all, you have to be absolute about it.
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And second of all, you have to make a plan for helping companies to create the manufacturing base that they need.
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So here are the problems that these companies have bumped into in both those places.
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The first is that when it comes to a blanket installation of tariffs across these companies, that's not what's happening.
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Already, Tim Cook and Apple have secured an exemption from
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for their iPhone manufacturing, not to mention laptops and other kinds of things.
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And that means suddenly that everybody's lining up to try and get an exception.
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Once one kid gets to go to the bathroom, everybody wants to go to the bathroom, right?
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And so you suddenly have company after company from sector after sector showing up and trying to get the White House to give them an exemption.
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The New York Times is reporting that on Monday, a whole bunch of retailers showed up, including Walmart, Target, others, to basically try to get the same kind of exemptions that they saw Apple get.
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And that is a huge distraction from the need of companies to basically think about the future.
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Showing 781–800 of 1,814 · page 40 of 91
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