Robert Armstrong

So it didn't seem like he was scared off by markets exactly.

Right.

So and that's kind of a theme that the market's reaction function to crazy Trump stuff does seem to be getting blunted over time.

But maybe, you know, it's the politics.

He just realized at some point that he was holding a losing hand against Europe and

And he folded.

I mean, I think, you know, and maybe we ought to be glad this is a guy who cuts his losses when he realizes the other team isn't going to just shrivel.

I think in this case, with the Canada tariffs, you can be pretty confident not believing them, that they're going to end up anywhere near 100%.

Yeah.

Trump has shown no appetite for outright trade embargoes, which is what a 100% tariff amounts to.

If we cut off all trade with Canada...

there would be howls of pain in the U.S.

economy as well as the Canadian economy.

And it would just be more than the president could take.

So I would 100% bet on a taco in this case.

There's just no way.

It's not practicable.

It was just an expression of rage, I think.

Not a policy proposal.

I think you'd have to be careful