Preston Brashers

So when you have these intermediate goods that are crossing the border, you would have a tax that applies when it comes in. And then if it's coming back out, you have a credit that offsets that. So what you're going to end up with is something that works a little bit more like a flat consumption tax.

So I think it's a feasible outcome that what could result from this is you could have, instead of that 10% across the board tariff, you could convert that into a 10% border adjustment and use that within the budget reconciliation process to advance some of President Trump's pro-growth tax cuts that he wants to advance.

So I think it's a feasible outcome that what could result from this is you could have, instead of that 10% across the board tariff, you could convert that into a 10% border adjustment and use that within the budget reconciliation process to advance some of President Trump's pro-growth tax cuts that he wants to advance.

So I think it's a feasible outcome that what could result from this is you could have, instead of that 10% across the board tariff, you could convert that into a 10% border adjustment and use that within the budget reconciliation process to advance some of President Trump's pro-growth tax cuts that he wants to advance.

And the advantage of doing that is you'd actually get to use the budget scoring from that. in a way that you wouldn't be able to do with tariffs because you're locking those into permanent law. And so, that would be something that they could use to advance some of President Trump's other priorities.

And the advantage of doing that is you'd actually get to use the budget scoring from that. in a way that you wouldn't be able to do with tariffs because you're locking those into permanent law. And so, that would be something that they could use to advance some of President Trump's other priorities.

And the advantage of doing that is you'd actually get to use the budget scoring from that. in a way that you wouldn't be able to do with tariffs because you're locking those into permanent law. And so, that would be something that they could use to advance some of President Trump's other priorities.

So, that's the direction that we'd like to see this go to that we think would be a really, I think, productive way to do this.

So, that's the direction that we'd like to see this go to that we think would be a really, I think, productive way to do this.

So, that's the direction that we'd like to see this go to that we think would be a really, I think, productive way to do this.

What I would say is kind of mentioned before that there's been sort of mixed messaging on some of this, like, Is this about reciprocity? Is this about we want to address the issues with China and make sure that we're decoupling from China? Or is this about we really want to make sure that we're pushing everything back to the United States and producing everything here and

What I would say is kind of mentioned before that there's been sort of mixed messaging on some of this, like, Is this about reciprocity? Is this about we want to address the issues with China and make sure that we're decoupling from China? Or is this about we really want to make sure that we're pushing everything back to the United States and producing everything here and

What I would say is kind of mentioned before that there's been sort of mixed messaging on some of this, like, Is this about reciprocity? Is this about we want to address the issues with China and make sure that we're decoupling from China? Or is this about we really want to make sure that we're pushing everything back to the United States and producing everything here and

producing and cutting off that global trade. And so I think for a moment there, there was a lot of, and maybe again, this was a negotiated tactic, I don't know. But I think there was a concern from a lot of people and as an economic analyst, I had a lot of uncertainty too as to what was going on. But there does seem to have been a signal that, and certainly they came out very strong and left this

producing and cutting off that global trade. And so I think for a moment there, there was a lot of, and maybe again, this was a negotiated tactic, I don't know. But I think there was a concern from a lot of people and as an economic analyst, I had a lot of uncertainty too as to what was going on. But there does seem to have been a signal that, and certainly they came out very strong and left this

producing and cutting off that global trade. And so I think for a moment there, there was a lot of, and maybe again, this was a negotiated tactic, I don't know. But I think there was a concern from a lot of people and as an economic analyst, I had a lot of uncertainty too as to what was going on. But there does seem to have been a signal that, and certainly they came out very strong and left this

very large incentive for countries to come to the negotiating table. And I think we've seen that many countries such as Japan right now, we know there's talks going on there. So there was a lot of uncertainty and I think countries were very concerned. And certainly I wouldn't want this to turn into something where we're cutting ourselves off

very large incentive for countries to come to the negotiating table. And I think we've seen that many countries such as Japan right now, we know there's talks going on there. So there was a lot of uncertainty and I think countries were very concerned. And certainly I wouldn't want this to turn into something where we're cutting ourselves off

very large incentive for countries to come to the negotiating table. And I think we've seen that many countries such as Japan right now, we know there's talks going on there. So there was a lot of uncertainty and I think countries were very concerned. And certainly I wouldn't want this to turn into something where we're cutting ourselves off

in a way that's going to box us out and push countries closer to China. So I think it was a good move for the president to announce the pause in the tariffs, try to get as many countries to the negotiating table as possible, work out some deals and secure some wins and really get to reduce trade barriers with our friends so that they're coming closer to us and not closer to China.