Robert Lighthizer

real real emergency i couldn't agree more it changes the kind of country we live in it's not the kind of country i don't care whether you're well off or not it's not the kind of country you want your children living in it's not america and and we have to do something about it and and these are this is i believe this is the motivation for for donald trump this is the motivation

real real emergency i couldn't agree more it changes the kind of country we live in it's not the kind of country i don't care whether you're well off or not it's not the kind of country you want your children living in it's not america and and we have to do something about it and and these are this is i believe this is the motivation for for donald trump this is the motivation

real real emergency i couldn't agree more it changes the kind of country we live in it's not the kind of country i don't care whether you're well off or not it's not the kind of country you want your children living in it's not america and and we have to do something about it and and these are this is i believe this is the motivation for for donald trump this is the motivation

for the people in his administration who are informed on these issues. Some of them obviously deal with other kinds of issues.

for the people in his administration who are informed on these issues. Some of them obviously deal with other kinds of issues.

for the people in his administration who are informed on these issues. Some of them obviously deal with other kinds of issues.

So the first thing you do is you acknowledge you have a problem. Second thing you do is you put your finger of what is the nature of the problem. The problem is industrial policies of other people. Now, this is a really important point, Tucker. The president and some others will say the tariffs are different. They're ripping us off on tariffs. And for sure that's true.

So the first thing you do is you acknowledge you have a problem. Second thing you do is you put your finger of what is the nature of the problem. The problem is industrial policies of other people. Now, this is a really important point, Tucker. The president and some others will say the tariffs are different. They're ripping us off on tariffs. And for sure that's true.

So the first thing you do is you acknowledge you have a problem. Second thing you do is you put your finger of what is the nature of the problem. The problem is industrial policies of other people. Now, this is a really important point, Tucker. The president and some others will say the tariffs are different. They're ripping us off on tariffs. And for sure that's true.

But in terms of what is causing the harm to the global economy, I would say, but particularly to America, the most important thing is not tariffs. Tariffs are the most visual thing. The easiest to see. But the real problem goes far deeper than that. So that if you end up with equal tariffs, you will still have a catastrophe for America. It will not resolve the issue at all.

But in terms of what is causing the harm to the global economy, I would say, but particularly to America, the most important thing is not tariffs. Tariffs are the most visual thing. The easiest to see. But the real problem goes far deeper than that. So that if you end up with equal tariffs, you will still have a catastrophe for America. It will not resolve the issue at all.

But in terms of what is causing the harm to the global economy, I would say, but particularly to America, the most important thing is not tariffs. Tariffs are the most visual thing. The easiest to see. But the real problem goes far deeper than that. So that if you end up with equal tariffs, you will still have a catastrophe for America. It will not resolve the issue at all.

So what are the things in industrial policy that tilt the scale against tariffs? We would say open markets and free trade and fair competition. All right. They are everything from the banking system. So in China, they have a banking system. They tell you to put your money in the bank. They make you have low interest rates. They take the money.

So what are the things in industrial policy that tilt the scale against tariffs? We would say open markets and free trade and fair competition. All right. They are everything from the banking system. So in China, they have a banking system. They tell you to put your money in the bank. They make you have low interest rates. They take the money.

So what are the things in industrial policy that tilt the scale against tariffs? We would say open markets and free trade and fair competition. All right. They are everything from the banking system. So in China, they have a banking system. They tell you to put your money in the bank. They make you have low interest rates. They take the money.

They can loan it to manufacturing at what we would consider to be a below market rate. And that encourages manufacturing. And they've done that. They've increased that. those loans from $60 billion a few years ago, this is according to the, to the New York times to, to almost $700 billion in the last year or so, but for a year. So it's the bank. It's the labor system.

They can loan it to manufacturing at what we would consider to be a below market rate. And that encourages manufacturing. And they've done that. They've increased that. those loans from $60 billion a few years ago, this is according to the, to the New York times to, to almost $700 billion in the last year or so, but for a year. So it's the bank. It's the labor system.

They can loan it to manufacturing at what we would consider to be a below market rate. And that encourages manufacturing. And they've done that. They've increased that. those loans from $60 billion a few years ago, this is according to the, to the New York times to, to almost $700 billion in the last year or so, but for a year. So it's the bank. It's the labor system.

If you have a system that keeps labor from getting its fair share of the pie, you're keeping wages down because of it, because of the, the, the statutory system. An example of that is this Huku system in, in, um, In China, where you can't really move around and be part of the system and get wages, just kind of stay where you were born.

If you have a system that keeps labor from getting its fair share of the pie, you're keeping wages down because of it, because of the, the, the statutory system. An example of that is this Huku system in, in, um, In China, where you can't really move around and be part of the system and get wages, just kind of stay where you were born.