James Altucher

I don't know, but there's evidence that it does bring manufacturing here. And so now, does it generate revenues? I actually don't think the tariffs are gonna generate much, in revenues. I think people will stop buying products that are too expensive. So then there's no tariffs. If you don't buy the foreign product, there's not going to be a tariff here.

So I don't think it's going to generate much in revenues. Maybe the 10% blanket tariff. So let's say we have $3.5 trillion worth of foreign imports. So a 10% blanket tariff would normally generate $350 billion annually. Maybe it'll, because fewer people will be buying foreign goods, maybe it'll go down to $250 billion in revenues annually, which is not bad, but it's not amazing.

So I don't think it's going to generate much in revenues. Maybe the 10% blanket tariff. So let's say we have $3.5 trillion worth of foreign imports. So a 10% blanket tariff would normally generate $350 billion annually. Maybe it'll, because fewer people will be buying foreign goods, maybe it'll go down to $250 billion in revenues annually, which is not bad, but it's not amazing.

So I don't think it's going to generate much in revenues. Maybe the 10% blanket tariff. So let's say we have $3.5 trillion worth of foreign imports. So a 10% blanket tariff would normally generate $350 billion annually. Maybe it'll, because fewer people will be buying foreign goods, maybe it'll go down to $250 billion in revenues annually, which is not bad, but it's not amazing.

I mean, personal income taxes generates $2.5 trillion in revenues for the US. So this blanket tariff will only alleviate 10% of that.

I mean, personal income taxes generates $2.5 trillion in revenues for the US. So this blanket tariff will only alleviate 10% of that.

I mean, personal income taxes generates $2.5 trillion in revenues for the US. So this blanket tariff will only alleviate 10% of that.

I agree. So other things that happened, and again, we can look at 2018, other things that happened is manufacturing spread out a little bit more. So instead of it all being in China, we went to Vietnam, we went to India, we went to places where we weren't putting on as high of a tariff, or we worked out deals to make the tariffs and duties lower.

I agree. So other things that happened, and again, we can look at 2018, other things that happened is manufacturing spread out a little bit more. So instead of it all being in China, we went to Vietnam, we went to India, we went to places where we weren't putting on as high of a tariff, or we worked out deals to make the tariffs and duties lower.

I agree. So other things that happened, and again, we can look at 2018, other things that happened is manufacturing spread out a little bit more. So instead of it all being in China, we went to Vietnam, we went to India, we went to places where we weren't putting on as high of a tariff, or we worked out deals to make the tariffs and duties lower.

The other thing is, by the way, where are the workers? Because in the US, we're essentially deporting a lot of the workers. So... what's going to happen is robotics companies are really starting to amp up their investment. And you have things like the Optimus robot being built at Tesla. I don't know when that's going to be ready for prime time, let's say 2026, 2027, but that's going to be

The other thing is, by the way, where are the workers? Because in the US, we're essentially deporting a lot of the workers. So... what's going to happen is robotics companies are really starting to amp up their investment. And you have things like the Optimus robot being built at Tesla. I don't know when that's going to be ready for prime time, let's say 2026, 2027, but that's going to be

The other thing is, by the way, where are the workers? Because in the US, we're essentially deporting a lot of the workers. So... what's going to happen is robotics companies are really starting to amp up their investment. And you have things like the Optimus robot being built at Tesla. I don't know when that's going to be ready for prime time, let's say 2026, 2027, but that's going to be

the new factory worker. I mean, already Tesla's automating a lot of their energy products, so they could build an electric grid almost automatically with robots. So we're going to see some transition in technology that's going to replace the workers also. Doesn't mean the workers are going to be out of jobs. They just won't be at those jobs.

the new factory worker. I mean, already Tesla's automating a lot of their energy products, so they could build an electric grid almost automatically with robots. So we're going to see some transition in technology that's going to replace the workers also. Doesn't mean the workers are going to be out of jobs. They just won't be at those jobs.

the new factory worker. I mean, already Tesla's automating a lot of their energy products, so they could build an electric grid almost automatically with robots. So we're going to see some transition in technology that's going to replace the workers also. Doesn't mean the workers are going to be out of jobs. They just won't be at those jobs.

I mean, I hate to sound like overly conservative, but let's say you're a manufacturing company and you're like, oh, my gosh, steel prices just went up. So it's going to be it's going to cost us more to build cars or whatever. Oh, my God. Now the minimum wage. Now it's going to cost us more to have labor.

I mean, I hate to sound like overly conservative, but let's say you're a manufacturing company and you're like, oh, my gosh, steel prices just went up. So it's going to be it's going to cost us more to build cars or whatever. Oh, my God. Now the minimum wage. Now it's going to cost us more to have labor.

I mean, I hate to sound like overly conservative, but let's say you're a manufacturing company and you're like, oh, my gosh, steel prices just went up. So it's going to be it's going to cost us more to build cars or whatever. Oh, my God. Now the minimum wage. Now it's going to cost us more to have labor.

So they're going to what's going to happen is they're going to just switch to robots eventually. And. They'll raise the price on their cars or they'll insource steel as much as they can because steel does come from the U.S. also. Those have to like make more of it.