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 that is why when you instead create an atmosphere of uncertainty, as these tariffs have created, you're creating an environment in which companies don't know what to do with themselves.
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You've had instances in which, according to one account out of The New York Times, you know, you have a set of automakers trying to decide whether they should actually build factories in the United States or build factories in Mexico and being told, oh, no, we think you'll get exemptions.
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But then finding out that Mexico gets hit with the same with 10 percent tariffs, just like everybody else.
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And then now we're hearing from President Trump that, in fact, he may offer automakers some sort of exemption down the line.
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And so this is why, in a recent study, the vast majority of company CEOs looking at this financial quarter and beyond said that their top strategic priority above all else was to reduce costs.
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That's pretty much it.
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This is not the sort of atmosphere of innovation you, in theory, want a company to be all about at this time.
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They're not talking about investing in their own resources.
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They're not talking about hiring new and smart people.
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They're talking about conserving cash, sitting tight, maybe messing around with AI a little bit.
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But for the most part, just they're held in a kind of paralysis, an American paralysis.
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That seems to be the thing that we are in.
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And final thought here, just to sort of tie this off.
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When we think about the effect that this is supposed to have on China, where in theory China and these other countries are supposed to come to the bargaining table and negotiate with the master dealmaker, President Trump, who has boasted about his ability to make deals, he's now put this 90-day pause on a bunch of these tariffs in order to try to win concessions.
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And his press secretary claims that there are 18 trade deals already on paper.
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I would expect that those trade deals will probably be with some of the friendlier, smaller, weaker nations.
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They won't be with China.
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American exports account for only 2% to 3% of Chinese GDP.
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They can do fine without exporting stuff to us if they want to.
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They are cultivating a vast and very impressive internal domestic innovation machinery.
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Showing 841–860 of 1,814 · page 43 of 91
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