Jameson Greer

We've seen a huge influx of imports of autos from Mexico over the past few years when really we want to be making those things here.

And we're already seeing Stellantis, GM and others announce new lines and using up open capacity in the United States to make more cars here.

So we're already seeing

a good effect from the President's trade policies with respect to Canada and Mexico.

Well, any legal authority the president uses to impose tariffs, foreign interests are going to sue, right?

People who are importing from foreign companies and foreign workers, they're going to sue.

So, of course, we expect that.

That comes along.

However, I would say that the lower courts and even the Supreme Court

expressed that 122 is an authority that the president can use.

We put out the proclamation last week that lines out exactly how the president can use this and why he's using it and the declarations he's making.

Are people going to sue?

I expect they will.

We feel confident in the case.

So I will say, first of all, that I think that there's more context to that statement.

And further, a balance of payments is not identical to a trade deficit.

People have kind of set up this straw man.

That's just wrong.

If people go back and actually read the proclamation that went out, it talks about the actual balance of payments deficit.

It refers to the current account.