Rand Paul
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So really no organized business interest in Kentucky has come to me thinking the tariffs are a good idea. So if I'm getting any pressure, it's from people who think tariffs are a bad idea.
So really no organized business interest in Kentucky has come to me thinking the tariffs are a good idea. So if I'm getting any pressure, it's from people who think tariffs are a bad idea.
So really no organized business interest in Kentucky has come to me thinking the tariffs are a good idea. So if I'm getting any pressure, it's from people who think tariffs are a bad idea.
I think families, there are people who are very, very supportive of President Trump, as I am, but they're so supportive that they blindly say, just do whatever the president tells you to do and don't do too much thinking about it. But they haven't felt the impact yet.
I think families, there are people who are very, very supportive of President Trump, as I am, but they're so supportive that they blindly say, just do whatever the president tells you to do and don't do too much thinking about it. But they haven't felt the impact yet.
I think families, there are people who are very, very supportive of President Trump, as I am, but they're so supportive that they blindly say, just do whatever the president tells you to do and don't do too much thinking about it. But they haven't felt the impact yet.
But when you do surveys of people, most people will say, if you ask them, should we make China pay a penalty if they're not trading fair? Should we make them trade fair? People will say yes. But then if you ask people, are you willing to pay $300 more for a TV? They'll say, hell no. So we haven't seen the expense yet.
But when you do surveys of people, most people will say, if you ask them, should we make China pay a penalty if they're not trading fair? Should we make them trade fair? People will say yes. But then if you ask people, are you willing to pay $300 more for a TV? They'll say, hell no. So we haven't seen the expense yet.
But when you do surveys of people, most people will say, if you ask them, should we make China pay a penalty if they're not trading fair? Should we make them trade fair? People will say yes. But then if you ask people, are you willing to pay $300 more for a TV? They'll say, hell no. So we haven't seen the expense yet.
And I think as people start to see the increased expenses, because tariffs are taxes that are paid for by the people who buy things. And so people often think, well, the United States is trading with China. That's actually not true at all. People in the United States, people in Kentucky go to Walmart or Target or shop on Amazon. That's who they're buying from.
And I think as people start to see the increased expenses, because tariffs are taxes that are paid for by the people who buy things. And so people often think, well, the United States is trading with China. That's actually not true at all. People in the United States, people in Kentucky go to Walmart or Target or shop on Amazon. That's who they're buying from.
And I think as people start to see the increased expenses, because tariffs are taxes that are paid for by the people who buy things. And so people often think, well, the United States is trading with China. That's actually not true at all. People in the United States, people in Kentucky go to Walmart or Target or shop on Amazon. That's who they're buying from.
And then those companies buy maybe from China, maybe from Korea, maybe from Vietnam. But each of those individuals who makes those purchases are actually satisfied with it. And that's when the tariffs come in, those are the people who will see the prices. Those are the people you're going to feel the pain. And my guess is they won't love tariffs once they start to see prices rise.
And then those companies buy maybe from China, maybe from Korea, maybe from Vietnam. But each of those individuals who makes those purchases are actually satisfied with it. And that's when the tariffs come in, those are the people who will see the prices. Those are the people you're going to feel the pain. And my guess is they won't love tariffs once they start to see prices rise.
And then those companies buy maybe from China, maybe from Korea, maybe from Vietnam. But each of those individuals who makes those purchases are actually satisfied with it. And that's when the tariffs come in, those are the people who will see the prices. Those are the people you're going to feel the pain. And my guess is they won't love tariffs once they start to see prices rise.
Well, there are two big fallacies. The number one fallacy is that a trade deficit means something. So we've had a trade deficit with China since I think every year since like 1974, 75. And yet we have continued to grow. We've had enormous growth since then, and so have they. So the only time we've ever seen the trade deficit go down is when we buy less stuff during a recession.
Well, there are two big fallacies. The number one fallacy is that a trade deficit means something. So we've had a trade deficit with China since I think every year since like 1974, 75. And yet we have continued to grow. We've had enormous growth since then, and so have they. So the only time we've ever seen the trade deficit go down is when we buy less stuff during a recession.
Well, there are two big fallacies. The number one fallacy is that a trade deficit means something. So we've had a trade deficit with China since I think every year since like 1974, 75. And yet we have continued to grow. We've had enormous growth since then, and so have they. So the only time we've ever seen the trade deficit go down is when we buy less stuff during a recession.
So really, the trade deficit going up has gone up in times of prosperity, and trade deficits go down in times of economic downturn. So it's really the opposite of what people think. And the reason is this. As I was saying previously, The United States doesn't trade with China. Individuals do.
So really, the trade deficit going up has gone up in times of prosperity, and trade deficits go down in times of economic downturn. So it's really the opposite of what people think. And the reason is this. As I was saying previously, The United States doesn't trade with China. Individuals do.