Ryan Petersen
๐ค SpeakerAppearances Over Time
Podcast Appearances
So that's something I'm surprised that they haven't addressed in all of this. They've kind of taken this 40,000-foot macro view of the tariffs with crazy... kind of general assumptions that we've heard about Penguin Island and everything, but they miss the micro, like, here's the real fraud that's happening. Fix that.
If they don't change anything and this 145% duty sticks on China, it'll take out like mass bankruptcies. You're talking like 80% of small business that buys from China will just die. Yeah. And millions of employees will go, you know, we'll be unemployed. I mean, it's sort of why I'm like, they obviously have to back off the trade. Like, that can't be that they just do that.
If they don't change anything and this 145% duty sticks on China, it'll take out like mass bankruptcies. You're talking like 80% of small business that buys from China will just die. Yeah. And millions of employees will go, you know, we'll be unemployed. I mean, it's sort of why I'm like, they obviously have to back off the trade. Like, that can't be that they just do that.
If they don't change anything and this 145% duty sticks on China, it'll take out like mass bankruptcies. You're talking like 80% of small business that buys from China will just die. Yeah. And millions of employees will go, you know, we'll be unemployed. I mean, it's sort of why I'm like, they obviously have to back off the trade. Like, that can't be that they just do that.
I don't believe that they're that crazy.
I don't believe that they're that crazy.
I don't believe that they're that crazy.
I just think the U.S. backs down and China doesn't.
I just think the U.S. backs down and China doesn't.
I just think the U.S. backs down and China doesn't.
I think so, yeah. There's 145% duty. And people don't have to buy those things. A lot of what we buy from China is kind of discretionary spend. You don't have to buy it. When the price goes way up, you shift your spend to something else. We have customers that buy pizza ovens in China for your backyard. They're really cool products.
I think so, yeah. There's 145% duty. And people don't have to buy those things. A lot of what we buy from China is kind of discretionary spend. You don't have to buy it. When the price goes way up, you shift your spend to something else. We have customers that buy pizza ovens in China for your backyard. They're really cool products.
I think so, yeah. There's 145% duty. And people don't have to buy those things. A lot of what we buy from China is kind of discretionary spend. You don't have to buy it. When the price goes way up, you shift your spend to something else. We have customers that buy pizza ovens in China for your backyard. They're really cool products.
when the price goes up 50% or more, you might just go out and buy pizza from Domino's or something, right? Like, it's literally, there's a substitute there that is made in America that's not taxed. And, you know, you can see shift, spend shift out of these categories really quickly.
when the price goes up 50% or more, you might just go out and buy pizza from Domino's or something, right? Like, it's literally, there's a substitute there that is made in America that's not taxed. And, you know, you can see shift, spend shift out of these categories really quickly.
when the price goes up 50% or more, you might just go out and buy pizza from Domino's or something, right? Like, it's literally, there's a substitute there that is made in America that's not taxed. And, you know, you can see shift, spend shift out of these categories really quickly.
So, yeah, I think, I think you're looking at something pretty catastrophic to the, to the point where I don't actually believe that they can hold the line. You know, the classic game of chicken, you got two guys driving right at each other in their cars and first one to sort of loses and, The other guy gets the girl, right? And, like, in this scenario, you can kind of game theory this out.
So, yeah, I think, I think you're looking at something pretty catastrophic to the, to the point where I don't actually believe that they can hold the line. You know, the classic game of chicken, you got two guys driving right at each other in their cars and first one to sort of loses and, The other guy gets the girl, right? And, like, in this scenario, you can kind of game theory this out.
So, yeah, I think, I think you're looking at something pretty catastrophic to the, to the point where I don't actually believe that they can hold the line. You know, the classic game of chicken, you got two guys driving right at each other in their cars and first one to sort of loses and, The other guy gets the girl, right? And, like, in this scenario, you can kind of game theory this out.
Like, okay, we're two cars headed straight at each other, China and the U.S. Now, there is a scenario where neither party swerves and they both die. Like, that's a possibility. But now evaluate it from both sides' point of view. China, the Chinese people, the Chinese leadership looks at it and go, hey, this is being done to us. by this foreign imperialist power.