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Kenneth

👤 Speaker
225 total appearances

Appearances Over Time

Podcast Appearances

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

And, of course, there are many things playing out here.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

But at the end of the day, this is more about a fight for power than it is specifically about some tax.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

Tom, where are you at with this?

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

Well, I mean, I think Tom had it right that the Supreme Court ruling was correct, that it wasn't that tariffs are illegal.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

It was that the procedure was illegal.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

And I have a feeling Trump and his people knew this was coming all the time.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

This ruling has meant has been that he can't use it as capriciously as he's been doing, which he's a good negotiator and sometimes use it effectively.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

On the other hand, I have friends who run small businesses.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

It has been brutal on them because not only are there the tariffs and you don't know what's coming,

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

but there are actually a lot of costs, administrative costs, if you're a small business, if you're importing.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

It's not just that you're paying the 15, 20%, but there are all these other fees that places like FedEx and others are charging because they have to do all this paperwork that they didn't have to do before.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

So I think a thing that hasn't been talked about enough is how tough this has been on small businesses, this uncertainty.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

Maybe it's for the larger good, but it's not been painless.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

But it was sort of a war on everyone.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

I mean, so I'm all for national security and thinking about just things like the drugs that we use.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

We found that out in the pandemic.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

We were importing everything from India and China.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

We didn't have control over it.

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

So there are things which are national security, but, you know, is wine national security?

Valuetainment
“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow

You know, is everything national security?