Preston Brashers

Yeah, it's a great question. And there's been a little bit of mixed messaging on this. I think the tariffs, the administration and others have spoken of tariffs and the use of tariffs in a lot of different ways. And I think, frankly, they're coming at it from a lot of different angles. They talked about reciprocal tariffs.

Yeah, it's a great question. And there's been a little bit of mixed messaging on this. I think the tariffs, the administration and others have spoken of tariffs and the use of tariffs in a lot of different ways. And I think, frankly, they're coming at it from a lot of different angles. They talked about reciprocal tariffs.

If you saw what we rolled out, that wasn't necessarily just reciprocal tariffs. They imposed the 10% across the board and they calculated what they call the reciprocal tariffs based off of this formula. It wasn't truly about reciprocity, it was more about trade deficits. And that's a different concept than necessarily what these countries tariffs and trade barriers are against the United States.

If you saw what we rolled out, that wasn't necessarily just reciprocal tariffs. They imposed the 10% across the board and they calculated what they call the reciprocal tariffs based off of this formula. It wasn't truly about reciprocity, it was more about trade deficits. And that's a different concept than necessarily what these countries tariffs and trade barriers are against the United States.

If you saw what we rolled out, that wasn't necessarily just reciprocal tariffs. They imposed the 10% across the board and they calculated what they call the reciprocal tariffs based off of this formula. It wasn't truly about reciprocity, it was more about trade deficits. And that's a different concept than necessarily what these countries tariffs and trade barriers are against the United States.

And so perhaps it was a negotiating tactic that you come in with this very aggressive tactic to get countries to come to the negotiating table very quickly. I would imagine that's part of what's going on here. But it wasn't simply reciprocal tariffs. Now, when it comes to the trade deficit, Trade deficits come from a lot of different things. It's not just from the trade barriers.

And so perhaps it was a negotiating tactic that you come in with this very aggressive tactic to get countries to come to the negotiating table very quickly. I would imagine that's part of what's going on here. But it wasn't simply reciprocal tariffs. Now, when it comes to the trade deficit, Trade deficits come from a lot of different things. It's not just from the trade barriers.

And so perhaps it was a negotiating tactic that you come in with this very aggressive tactic to get countries to come to the negotiating table very quickly. I would imagine that's part of what's going on here. But it wasn't simply reciprocal tariffs. Now, when it comes to the trade deficit, Trade deficits come from a lot of different things. It's not just from the trade barriers.

Trade barriers can be a part of that, and tariffs are just one form of trade barrier. There can be some others as well, and the administration has spoken to some of those things, such as currency manipulation, or you can think of, for example, in the European Union, if they put restrictions on

Trade barriers can be a part of that, and tariffs are just one form of trade barrier. There can be some others as well, and the administration has spoken to some of those things, such as currency manipulation, or you can think of, for example, in the European Union, if they put restrictions on

Trade barriers can be a part of that, and tariffs are just one form of trade barrier. There can be some others as well, and the administration has spoken to some of those things, such as currency manipulation, or you can think of, for example, in the European Union, if they put restrictions on

Just very tight regulations, for example, can be a form of a trade barrier if you're imposing these regulations in a way that it's designed to make sure that you're keeping sellers from other markets out of your country. So there's a lot of things that are at play here and it is extraordinarily complex.

Just very tight regulations, for example, can be a form of a trade barrier if you're imposing these regulations in a way that it's designed to make sure that you're keeping sellers from other markets out of your country. So there's a lot of things that are at play here and it is extraordinarily complex.

Just very tight regulations, for example, can be a form of a trade barrier if you're imposing these regulations in a way that it's designed to make sure that you're keeping sellers from other markets out of your country. So there's a lot of things that are at play here and it is extraordinarily complex.

I mean, even just talking about the tariffs, if you look at these schedules, they just go on forever, just product by product. And so it's enormously complex. Part of the issue, actually, when it comes to the US trade deficit, the US trade deficit is largely actually a result of the fact that in the United States, we are a nation of consumers.

I mean, even just talking about the tariffs, if you look at these schedules, they just go on forever, just product by product. And so it's enormously complex. Part of the issue, actually, when it comes to the US trade deficit, the US trade deficit is largely actually a result of the fact that in the United States, we are a nation of consumers.

I mean, even just talking about the tariffs, if you look at these schedules, they just go on forever, just product by product. And so it's enormously complex. Part of the issue, actually, when it comes to the US trade deficit, the US trade deficit is largely actually a result of the fact that in the United States, we are a nation of consumers.

And part of the reason that we're a nation of consumers is because, unfortunately, it comes from a matter of we're not saving enough money. That's both at the private level and the public level.

And part of the reason that we're a nation of consumers is because, unfortunately, it comes from a matter of we're not saving enough money. That's both at the private level and the public level.

And part of the reason that we're a nation of consumers is because, unfortunately, it comes from a matter of we're not saving enough money. That's both at the private level and the public level.