Kenneth Raposa

Well, again, a lot of the countries that we trade with, like let's look at the EU, for example, in the UK, their basic tariff was called the World Trade Organization, their baseline tariff. Let's say ours is 3.4%. Theirs might be, I think the UK is 3.9 or 4, and maybe the EU is 5. So it's not a huge difference.

Well, again, a lot of the countries that we trade with, like let's look at the EU, for example, in the UK, their basic tariff was called the World Trade Organization, their baseline tariff. Let's say ours is 3.4%. Theirs might be, I think the UK is 3.9 or 4, and maybe the EU is 5. So it's not a huge difference.

But what Trump is complaining about, what Trump team is complaining about is that it's not the tariff It's the non-tariff barriers. So let's say, for example, you and I, we have that widget factory, we're trying to make some money, right? So we got our widget and it's a beautiful widget, but our widget weighs 10 pounds. And the rule in Europe for this type of widget is it can only weigh 11.

But what Trump is complaining about, what Trump team is complaining about is that it's not the tariff It's the non-tariff barriers. So let's say, for example, you and I, we have that widget factory, we're trying to make some money, right? So we got our widget and it's a beautiful widget, but our widget weighs 10 pounds. And the rule in Europe for this type of widget is it can only weigh 11.

But what Trump is complaining about, what Trump team is complaining about is that it's not the tariff It's the non-tariff barriers. So let's say, for example, you and I, we have that widget factory, we're trying to make some money, right? So we got our widget and it's a beautiful widget, but our widget weighs 10 pounds. And the rule in Europe for this type of widget is it can only weigh 11.

Then you and I spent a lot of money making an 11-pound widget, and then Europe says, it's got to be 12 pounds. So it's a constant barrier for us so they can protect their local widget guys. Also, which is something that all Americans have heard of, I'm sure, in the news is, It's what Capitol Hill always complains about is the phytosanitary measures.

Then you and I spent a lot of money making an 11-pound widget, and then Europe says, it's got to be 12 pounds. So it's a constant barrier for us so they can protect their local widget guys. Also, which is something that all Americans have heard of, I'm sure, in the news is, It's what Capitol Hill always complains about is the phytosanitary measures.

Then you and I spent a lot of money making an 11-pound widget, and then Europe says, it's got to be 12 pounds. So it's a constant barrier for us so they can protect their local widget guys. Also, which is something that all Americans have heard of, I'm sure, in the news is, It's what Capitol Hill always complains about is the phytosanitary measures.

These are measures on food and animal care where the Europeans and the British will say, we don't want to import your beef. We don't want to import your chicken because you give them a... a certain vaccine that we don't want, or you had a case of mad cow disease, whatever it may be, right? So that is the way that that blocks trade.

These are measures on food and animal care where the Europeans and the British will say, we don't want to import your beef. We don't want to import your chicken because you give them a... a certain vaccine that we don't want, or you had a case of mad cow disease, whatever it may be, right? So that is the way that that blocks trade.

These are measures on food and animal care where the Europeans and the British will say, we don't want to import your beef. We don't want to import your chicken because you give them a... a certain vaccine that we don't want, or you had a case of mad cow disease, whatever it may be, right? So that is the way that that blocks trade.

So there's a lot of other issues that the Trump administration has looked at. And then, of course, the other issue would be balanced trade. So where are the countries that we have a huge trade deficit with. Of course, the EU is the second only to China, which is big, but declining because of the tariffs of 2017. In the UK, we have a surplus.

So there's a lot of other issues that the Trump administration has looked at. And then, of course, the other issue would be balanced trade. So where are the countries that we have a huge trade deficit with. Of course, the EU is the second only to China, which is big, but declining because of the tariffs of 2017. In the UK, we have a surplus.

So there's a lot of other issues that the Trump administration has looked at. And then, of course, the other issue would be balanced trade. So where are the countries that we have a huge trade deficit with. Of course, the EU is the second only to China, which is big, but declining because of the tariffs of 2017. In the UK, we have a surplus.

So I was actually kind of surprised with the tariff on there. But I believe that the reason for the tariff on the UK is because they might become a transshipment point for the European Union in some way, right? With the European USA, you know, our multinationals in UK, we'll ship it through there or whatever, but the UK has a 10% tariff.

So I was actually kind of surprised with the tariff on there. But I believe that the reason for the tariff on the UK is because they might become a transshipment point for the European Union in some way, right? With the European USA, you know, our multinationals in UK, we'll ship it through there or whatever, but the UK has a 10% tariff.

So I was actually kind of surprised with the tariff on there. But I believe that the reason for the tariff on the UK is because they might become a transshipment point for the European Union in some way, right? With the European USA, you know, our multinationals in UK, we'll ship it through there or whatever, but the UK has a 10% tariff.

Again, the reason why it's higher is because a lot of these countries, especially in the emerging world, like India and China, they want to protect their own industry. They want their industries to grow and they want to protect labor, okay?

Again, the reason why it's higher is because a lot of these countries, especially in the emerging world, like India and China, they want to protect their own industry. They want their industries to grow and they want to protect labor, okay?

Again, the reason why it's higher is because a lot of these countries, especially in the emerging world, like India and China, they want to protect their own industry. They want their industries to grow and they want to protect labor, okay?