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
manufacturing, but these tariffs are not strategic and they are creating a fertile ground for corruption.
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The senators write that there is an incredible number of opportunities for an unscrupulous company or an unscrupulous nation
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to try to enrich the Trump administration's officials or President Trump and his family themselves in order to win favor from the administration.
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They mentioned, for instance, they could pay for memberships at Mar-a-Lago, buy his cryptocurrency, invest in one of his many real estate ventures, reward his family members, and more.
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Flirting with the line, they write, of criminal bribery.
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It is this...
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that other countries have seen before.
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If you look at India, for instance, which has imposed blanket tariffs in the past, but also offered certain exemptions to certain companies and industries, they bumped into a very similar situation in which suddenly companies were scrambling to get exemptions themselves
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And a whole climate of corruption came out of that.
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You saw, you know, company after company doing whatever they could to win favor from the power structure in New Delhi and get the exemptions they needed.
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So if you think about how this tariff situation is supposed to go, where it's supposed to create this blanket pressure on all these American companies to shift gears and start thinking about an American economy,
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manufacturing base and changing their operations to be America-focused, well, you need to basically create a situation in which they have absolutely no choice.
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You certainly can't give them the opportunity, the possibility that they could get out of it in some way.
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Really, if you think about it, a commentator Robert Armstrong at the Financial Times said the other day that a company is basically just an instrument for planning.
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It's just a big plan.
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And that when the board and the executives and everybody get together under the auspices of a company, they're just trying to make a plan for the future.
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And if you've worked in corporate America at all, you know that no decision is made on vibes.
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The decisions are made on a strategic plan.
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You have a contingency A, B and C plan.
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that informs all the decisions you make because you have a fiduciary responsibility to your shareholders to do the best possible job to protect their money you possibly can.
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Showing 821–840 of 1,814 · page 42 of 91
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