Peter Zeihan

Um,

Long term, still a real problem, but we're not facing the acute crunch that we were.

Trump's tariffs are pushing manufactured goods for agriculture the other direction.

Basically,

oversimplifying here, but the more complicated the manufacturing supply chain happens to be, the more steps there are, the more players.

If you have a high tariff system, it pushes your steps out into somewhere else because otherwise you're paying the tariff every time something crosses your border.

And so it's easier to take the handful of the steps that you do and do them somewhere else and just pay the tariff once when the thing comes in finished.

For simple manufactured products that only have a half dozen steps or so, that tends to come to you.

Because that's easier to collate.

So when it comes to things like plastics and textiles and furniture, Trump's tariffs have reshored manufacturing.

But when it comes to aerospace and computing and electronics and automotive, it's pushing stuff away.

And agricultural equipment is definitely in that second category.

So we're seeing John Deere, for example, has already cut more jobs in the last 10 months than it did in the previous 20 years.

Yeah, it's getting pretty bad in the Midwest right now.

We've been lucky.

Yeah.

Right now, the Asians realize that this is where their bread is sputtered and they're going out of their way to get along.

The Chinese have not interrupted any

Every three months we're in a new stage.

We're in something called the second revolution in military affairs, which is applying digital technologies to warfare.