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The MeidasTouch Podcast

MeidasTouch RESPONDS to MAJOR Breaking News

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What we'll do, we'll set the conditions for the president, and then he'll eventually get to a position where he'll be talking to President Putin, and also Prime Minister, President Zelensky as well. And I think they're going to come to a solvable solution in the near term. And when I say by the near term, you know, I would like to set a goal on a personal level and professional level.

The MeidasTouch Podcast

MeidasTouch RESPONDS to MAJOR Breaking News

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I would say let's set it at 100 days and move our way back. and figure a way we can do this in the near term to make sure that this solution is solid, it's sustainable, and that this war ends so that we stop the carnage. I think that's going to be very, very important to do. It's going to be important for our national security.

The MeidasTouch Podcast

MeidasTouch RESPONDS to MAJOR Breaking News

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It's a part of our bilateral interest, and it's also good for Europe as well, and the globe as well. All right.

The MeidasTouch Podcast

MeidasTouch RESPONDS to MAJOR Breaking News

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You know, I don't want to divulge anything that the president says or doesn't say because he speaks for himself. I do not speak for him. We've had an opportunity to talk about it. And we'll have more after the 20th of January when he's officially the president, not president.

The MeidasTouch Podcast

MeidasTouch RESPONDS to MAJOR Breaking News

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We do know, though, from reporting here locally that that one reservoir that serves the Palisades was not full.

The MeidasTouch Podcast

Trump Gets Instant Karma as His Plans Crash

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Thanks for having me, Caitlin. You know, I can see it right over my shoulder here. I'm looking out at the Port of Seattle right now, and we currently have no container ships at birth. And that happens every once in a while in normal times, but it is pretty rare. And so to see it tonight is, I think, a stark reminder that the impacts of the tariffs have real implications.

The MeidasTouch Podcast

Trump Gets Instant Karma as His Plans Crash

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It means that we don't have longshore workers on the dock right now unloading merchandise. We don't have trains taking that merchandise to inland ports and all the way across the country to places like Des Moines, Iowa and Chicago, Illinois. And that's hundreds of jobs right here in our region and across the country.

The MeidasTouch Podcast

Trump Gets Instant Karma as His Plans Crash

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We currently do not have any container ships at port right now. That's correct.

The MeidasTouch Podcast

Trump Gets Instant Karma as His Plans Crash

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It is. It's pretty unusual. We do anticipate, I was looking at our schedule, we anticipate about 25 vessel calls between here and the port of Tacoma over the next seven days. And keep in mind, we're not just importing from Asia or just China. We do have activity from all over the world, largely the Pacific Rim. But we are seeing a significant drop in

The MeidasTouch Podcast

Trump Handed Crushing Defeat in AM…It’s Happening

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Yeah, about a third of the import volume, which means, give or take, about 50,000 20-foot equivalent units gone off the arrivals coming in next week. From next week is when you expect to see this really hit. That's correct. And that matches up the announcements back on April 2nd. Then on April 8th, a little bit of a change on everybody. Ex-China, Mexico, Canada.

The MeidasTouch Podcast

Trump Handed Crushing Defeat in AM…It’s Happening

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And those arrivals are coming at us this weekend.

The MeidasTouch Podcast

Trump Handed Crushing Defeat in AM…It’s Happening

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So CEOs are telling me hit the pause button. Right. I'm not going to import any more at these kind of prices. Let's wait and see. I don't know if it's going to be two hours, two days or two weeks till I get some clarity. Then hiring off the table for right now, capital investment pause.

The MeidasTouch Podcast

Trump Handed Crushing Defeat in AM…It’s Happening

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And the retailers are telling me that realistically, with even the 10 percent, I'm going to have to pass it on to the consumers.

The MeidasTouch Podcast

Trump Handed Crushing Defeat in AM…It’s Happening

545.762

Yeah. When I was last with you all, Lisa, I said global trade is going to slow. Economies will follow. And that's exactly what we're seeing. Back in November, so many of us were wringing our hands about 4 percent inflation. We've just added 10 percentage points of imports coming out of Southeast Asia for our port and these unbelievable numbers out of China.