Peter St. Onge

I'm just going to build it in Alabama, which is happening.

So that's what's interesting.

So there's something like $4 trillion of investment that's incoming.

For perspective, in a normal year, the U.S.

has $4 trillion in the entire economy.

That's rebuilding highways.

That's updating factories.

That's the whole nine yards.

Every trillion dollars statistically is worth about a million jobs.

OK, so that's that's a big deal.

It's actually working.

The tariff inflation has been almost nonexistent.

The Fed originally estimated there'd be 0.8 percent one time, which is not that big to begin with.

It turns out that almost all of the tariffs have been eaten by China.

The reason being that if China is a really low price producer, even if you jack that up 25 percent, they're competing with other Chinese.

They're not competing with us.

So effectively, they're going to end up eating all the tariffs.

So they've paid probably 90% or plus.

And by the way, that's what happened with Trump's first tariffs.

So I had been saying from the beginning that, no, I don't think tariffs are gonna cause inflation and they have a good chance of being useful for reducing export barriers and for reshoring production.