Ryan Peterson

If you look at a map of the world's ships, a lot of them are sitting idle off the coast of China, sitting there empty, waiting for their next orders because they were supposed to sail to the United States and that sailing got canceled.

Tugboats, yeah. You don't need to see those. So just the green ones are the cargo vessels.

Tugboats, yeah. You don't need to see those. So just the green ones are the cargo vessels.

Tugboats, yeah. You don't need to see those. So just the green ones are the cargo vessels.

They'll always turn to a circle when they're at the port because they're not moving. But if they're in the ocean and they're a circle, that's odd behavior. They're idling for no reason.

They'll always turn to a circle when they're at the port because they're not moving. But if they're in the ocean and they're a circle, that's odd behavior. They're idling for no reason.

They'll always turn to a circle when they're at the port because they're not moving. But if they're in the ocean and they're a circle, that's odd behavior. They're idling for no reason.

You see all those circles that aren't moving? Those are all just ships waiting. They've been canceled for their sailing.

You see all those circles that aren't moving? Those are all just ships waiting. They've been canceled for their sailing.

You see all those circles that aren't moving? Those are all just ships waiting. They've been canceled for their sailing.

A lot of them actually were repositioned to sail to Europe or sail Vietnam to the U.S.,

A lot of them actually were repositioned to sail to Europe or sail Vietnam to the U.S.,

A lot of them actually were repositioned to sail to Europe or sail Vietnam to the U.S.,

Shipping components from China to another country. assembling those through a process that's called substantial transformation, which means you transform it to now it's a made in Vietnam product. Perfectly legal.

Shipping components from China to another country. assembling those through a process that's called substantial transformation, which means you transform it to now it's a made in Vietnam product. Perfectly legal.

Shipping components from China to another country. assembling those through a process that's called substantial transformation, which means you transform it to now it's a made in Vietnam product. Perfectly legal.

And then it ships from Vietnam to the U.S. So from a logistics standpoint, you just ship the same thing twice. Once from China to Vietnam and then once from Vietnam.

And then it ships from Vietnam to the U.S. So from a logistics standpoint, you just ship the same thing twice. Once from China to Vietnam and then once from Vietnam.

And then it ships from Vietnam to the U.S. So from a logistics standpoint, you just ship the same thing twice. Once from China to Vietnam and then once from Vietnam.

Trade might actually go up at all of this.