Robert Lighthizer
๐ค SpeakerAppearances Over Time
Podcast Appearances
So what you have to do is put in place tariffs, as I say, to offset not just tariffs. That's a tiny thing. I just keep going back to this point because it's so fundamental. The problem is not just foreign tariffs. That's a tiny part of the problem. But to offset this unfairness. So he has to put those tariffs in place.
When you do that, I do not believe you'll have inflation, and we should talk about that in a systemic, fundamental way. But you will have โ People who have supply chains that are going to have to make adjustments, you've got some things that may go up in price for some period of time. And all these kinds of things will have an impact on people in daily life. But I think it will be short-term.
When you do that, I do not believe you'll have inflation, and we should talk about that in a systemic, fundamental way. But you will have โ People who have supply chains that are going to have to make adjustments, you've got some things that may go up in price for some period of time. And all these kinds of things will have an impact on people in daily life. But I think it will be short-term.
When you do that, I do not believe you'll have inflation, and we should talk about that in a systemic, fundamental way. But you will have โ People who have supply chains that are going to have to make adjustments, you've got some things that may go up in price for some period of time. And all these kinds of things will have an impact on people in daily life. But I think it will be short-term.
I call them disruptions. I think it will be short-term. I don't think it will lead to systemic inflation. And I think that the โ I have people say, well, what should a businessman do? And I say, the smarter businessmen and businesswomen are going to figure it out, right? And they get paid a lot of money to do that, and they're going to say, here are the rules.
I call them disruptions. I think it will be short-term. I don't think it will lead to systemic inflation. And I think that the โ I have people say, well, what should a businessman do? And I say, the smarter businessmen and businesswomen are going to figure it out, right? And they get paid a lot of money to do that, and they're going to say, here are the rules.
I call them disruptions. I think it will be short-term. I don't think it will lead to systemic inflation. And I think that the โ I have people say, well, what should a businessman do? And I say, the smarter businessmen and businesswomen are going to figure it out, right? And they get paid a lot of money to do that, and they're going to say, here are the rules.
Just on that point, I've had business people, really smart business people, when I would explain this problem, and they would say, Bob, it's the government's responsibility to set up the rules, right? I'll figure out a way to make money in the rules. That's my responsibility. But I shouldn't be doing this social stuff. That's not my job.
Just on that point, I've had business people, really smart business people, when I would explain this problem, and they would say, Bob, it's the government's responsibility to set up the rules, right? I'll figure out a way to make money in the rules. That's my responsibility. But I shouldn't be doing this social stuff. That's not my job.
Just on that point, I've had business people, really smart business people, when I would explain this problem, and they would say, Bob, it's the government's responsibility to set up the rules, right? I'll figure out a way to make money in the rules. That's my responsibility. But I shouldn't be doing this social stuff. That's not my job.
My job is to make whatever widgets and to make them profitable and employ my people. And I think that's kind of an important point. It's President Trump's responsibility now. He's the president. To set in place a system where these good results for our people will come out, and I think you will.
My job is to make whatever widgets and to make them profitable and employ my people. And I think that's kind of an important point. It's President Trump's responsibility now. He's the president. To set in place a system where these good results for our people will come out, and I think you will.
My job is to make whatever widgets and to make them profitable and employ my people. And I think that's kind of an important point. It's President Trump's responsibility now. He's the president. To set in place a system where these good results for our people will come out, and I think you will.
So if you're going to have to have tariffs to offset this basic unfairness, that will lead to some disruption over a reasonably short period of time. I think you're going to see this manufacturing renaissance, these new jobs, wages go up, right? I mean, this notion that we're not productive because our wages are going up.
So if you're going to have to have tariffs to offset this basic unfairness, that will lead to some disruption over a reasonably short period of time. I think you're going to see this manufacturing renaissance, these new jobs, wages go up, right? I mean, this notion that we're not productive because our wages are going up.
So if you're going to have to have tariffs to offset this basic unfairness, that will lead to some disruption over a reasonably short period of time. I think you're going to see this manufacturing renaissance, these new jobs, wages go up, right? I mean, this notion that we're not productive because our wages are going up.
I'm like, I had this conversation with someone in the White House early on, and this is in the first term. And he was concerned about wage inflation. And I said to him, I said, this is by the way โ We're paying Americans too much. Yeah, exactly. This is like a person that is playing it out. And I'm sitting โ You can guess who it was. I said, we haven't had โ
I'm like, I had this conversation with someone in the White House early on, and this is in the first term. And he was concerned about wage inflation. And I said to him, I said, this is by the way โ We're paying Americans too much. Yeah, exactly. This is like a person that is playing it out. And I'm sitting โ You can guess who it was. I said, we haven't had โ
I'm like, I had this conversation with someone in the White House early on, and this is in the first term. And he was concerned about wage inflation. And I said to him, I said, this is by the way โ We're paying Americans too much. Yeah, exactly. This is like a person that is playing it out. And I'm sitting โ You can guess who it was. I said, we haven't had โ
We haven't had a raise in the middle class in 15 years, and you're worried about wage inflation. This is a man with a plane. I'm praying for wage inflation. This is what I want. I want these people to make more money and do better and inspire their children and do all the things you do in a community to make the country great. Yeah. So anyway, there will be changes.