JD Vance

The one exception was the GDP number, which even, you know, our critics have acknowledged the GDP number, which went down, I think, by 0.3% last quarter. That is very much an artifact of how this stuff's measured. That's not real GDP actually to climb. That's how it's measured. So just step back here.

The one exception was the GDP number, which even, you know, our critics have acknowledged the GDP number, which went down, I think, by 0.3% last quarter. That is very much an artifact of how this stuff's measured. That's not real GDP actually to climb. That's how it's measured. So just step back here.

I think that we're trying a new economic paradigm, but people who think that they know everything should have a little bit more humility. We have a lot of humility. Trust me. Me and the president and the entire team, we are constantly testing this stuff.

I think that we're trying a new economic paradigm, but people who think that they know everything should have a little bit more humility. We have a lot of humility. Trust me. Me and the president and the entire team, we are constantly testing this stuff.

So again, I don't want to litigate this either. The one, let me, a bit of litigation here is, I gave you 20 more minutes. Give me 30 seconds to make this point.

So again, I don't want to litigate this either. The one, let me, a bit of litigation here is, I gave you 20 more minutes. Give me 30 seconds to make this point.

I'll be brief. I'll be brief. Look, the point of Liberation Day, as the president himself has said, was to one, announce that the old global trading system was over. Yes. And two, that America was now open for business, open for negotiation, open to talk, and open to a whole host of other policy.

I'll be brief. I'll be brief. Look, the point of Liberation Day, as the president himself has said, was to one, announce that the old global trading system was over. Yes. And two, that America was now open for business, open for negotiation, open to talk, and open to a whole host of other policy.

I totally disagree with that. I think they're based in large part on the trade deficit, which is a very reasonable place to start, especially large economies versus large economies. But anyway.

I totally disagree with that. I think they're based in large part on the trade deficit, which is a very reasonable place to start, especially large economies versus large economies. But anyway.

Goal here, Ross. is there are a few things that we want out of this. So first of all, I think the president's been very clear. The 10% minimum is going to apply nearly universally, if not universally. So yes, there is one way in which we are trying to raise revenue. Meanwhile, we're trying to lower taxes on domestic producers and consumers.

Goal here, Ross. is there are a few things that we want out of this. So first of all, I think the president's been very clear. The 10% minimum is going to apply nearly universally, if not universally. So yes, there is one way in which we are trying to raise revenue. Meanwhile, we're trying to lower taxes on domestic producers and consumers.

And if you sort of combine those two policies, he's trying to make it more expensive to import into the United States. He's trying to make it a little bit cheaper to produce or to work in the United States. So those two policies go hand in hand. Second of all, and this is related, you ask Coda, what does success look like?

And if you sort of combine those two policies, he's trying to make it more expensive to import into the United States. He's trying to make it a little bit cheaper to produce or to work in the United States. So those two policies go hand in hand. Second of all, and this is related, you ask Coda, what does success look like?

Look, does it mean that we have more manufacturing jobs than we do right now? Yes, I think that's one of the things that we want. Now, it's going to take a little while to get there.

Look, does it mean that we have more manufacturing jobs than we do right now? Yes, I think that's one of the things that we want. Now, it's going to take a little while to get there.

Does it mean, you know, one very important metric of success, which I think you already saw in the Q1 numbers, which are way more important than this sort of weird artifact of measurement on GDP, was how much private capital investment is coming into the country? You saw a very significant increase. A lot of people poo-poo, you know, the Middle Eastern term.

Does it mean, you know, one very important metric of success, which I think you already saw in the Q1 numbers, which are way more important than this sort of weird artifact of measurement on GDP, was how much private capital investment is coming into the country? You saw a very significant increase. A lot of people poo-poo, you know, the Middle Eastern term.

They say, oh, well, you know, these investment numbers that he's getting from foreign countries are from American companies. Those aren't real numbers, but if you look at the actual measured amount of capital investment in the country, that is on the rise. And we think that capital investment will produce factories and other companies will produce good jobs and so forth.

They say, oh, well, you know, these investment numbers that he's getting from foreign countries are from American companies. Those aren't real numbers, but if you look at the actual measured amount of capital investment in the country, that is on the rise. And we think that capital investment will produce factories and other companies will produce good jobs and so forth.