Peter St. Onge

the paperwork, the lawsuits, like why, you know?

All right, so tariffs, okay, on their own, a tariff is a sales tax.

It's a bad thing.

If you don't like the government, you shouldn't like tariffs.

However, they have two strategic goals, which is what Trump has been pushing.

One of them is to get other countries to lower their trade barriers, which are enormous.

Like Canada, for example, they tax milk like at 94%.

It's just goofy.

There's a bunch of Canadian banks in the US.

You can't have any American banks in Canada, right?

So other countries have been very naughty.

We've let them get away with it.

So that's one goal.

The other goal is to reshort production.

So part of the reason why Trump's been yanking tariffs up and down, you know, critics say, well, you know, it's got to be predictable or who can make plans.

And I think that's actually intentional.

He wants it to be difficult and painful to like produce cars in Germany.

for export to the U.S., right?

He wants them to just give up and say, you know what?

Screw it.