Natalie Kitroweth

And so it would seem as though this potential world in which the trading bloc of North America is strengthened also comes with real downsides for the two major trading partners in that arrangement.

And so it would seem as though this potential world in which the trading bloc of North America is strengthened also comes with real downsides for the two major trading partners in that arrangement.

I mean, I think, you know, we're seeing a lot of uncertainty. That's true. And uncertainty does cause paralysis. But I think that we have to keep in mind that America is just the most important consumer economy in the world and companies are already trying to figure out how. to secure their duty free access to that market, you know, as much as they can. And I agree that uncertainty reigns.

I mean, I think, you know, we're seeing a lot of uncertainty. That's true. And uncertainty does cause paralysis. But I think that we have to keep in mind that America is just the most important consumer economy in the world and companies are already trying to figure out how. to secure their duty free access to that market, you know, as much as they can. And I agree that uncertainty reigns.

But I just I do think that there is a motive now to figure out how to make this work just because you want to be able to sell to American consumers.

But I just I do think that there is a motive now to figure out how to make this work just because you want to be able to sell to American consumers.

Can I complicate that a little bit?

Can I complicate that a little bit?

Yeah, Gina, go. You're in retaliation land.

Yeah, Gina, go. You're in retaliation land.

Can I just?

Can I just?

I just want to throw a wrench into things, which is I hear you that it is a well-designed, potentially, strategy for retaliation, but we just don't know how effective it's going to be. Because, for example, these tariffs that are hitting the auto manufacturers have been... a big deal for a long time now. These executives are not happy. They have been complaining about it.

I just want to throw a wrench into things, which is I hear you that it is a well-designed, potentially, strategy for retaliation, but we just don't know how effective it's going to be. Because, for example, these tariffs that are hitting the auto manufacturers have been... a big deal for a long time now. These executives are not happy. They have been complaining about it.

They've been going to the White House. What we've seen is that Trump has been surprisingly resistant to changing course, even though there have been big reactions on Wall Street and by executives. And so I'm not sure we know that these tech executives kind of going to Trump and complaining is going to really make a

They've been going to the White House. What we've seen is that Trump has been surprisingly resistant to changing course, even though there have been big reactions on Wall Street and by executives. And so I'm not sure we know that these tech executives kind of going to Trump and complaining is going to really make a

Part of the problem for China, and this is something that's been discussed on the show, is just that because of the trade imbalance between the two countries, China just buys so much less from the United States than it sells. Right. So there actually are fewer products for China to put tariffs on than, you know, for the U.S.

Part of the problem for China, and this is something that's been discussed on the show, is just that because of the trade imbalance between the two countries, China just buys so much less from the United States than it sells. Right. So there actually are fewer products for China to put tariffs on than, you know, for the U.S.

Like that's the nature of the very trade imbalance that Trump is trying to address.

Like that's the nature of the very trade imbalance that Trump is trying to address.