Scott Besant

Walmart will be absorbing some of the tariffs. Some may get passed on to consumers. We go back to your initial question on the Moody's downgrade. Who cares? Qatar doesn't. Saudi doesn't. UAE doesn't.

Walmart will be absorbing some of the tariffs. Some may get passed on to consumers. We go back to your initial question on the Moody's downgrade. Who cares? Qatar doesn't. Saudi doesn't. UAE doesn't.

Right.

Right.

It's going to be us.

It's going to be us.

I was on the phone with Doug McMillan, the CEO of Walmart, yesterday. And Walmart is in fact going to, as you described it, eat some of the tariffs. Just as they did in 2018, 2019 and 2020. The other thing that we are seeing, that Doug passed along to me, that with their consumer, the single most important thing is the gasoline price. And gasoline prices have collapsed under President Trump.

I was on the phone with Doug McMillan, the CEO of Walmart, yesterday. And Walmart is in fact going to, as you described it, eat some of the tariffs. Just as they did in 2018, 2019 and 2020. The other thing that we are seeing, that Doug passed along to me, that with their consumer, the single most important thing is the gasoline price. And gasoline prices have collapsed under President Trump.

I was on the phone with Doug McMillan, the CEO of Walmart, yesterday. And Walmart is in fact going to, as you described it, eat some of the tariffs. Just as they did in 2018, 2019 and 2020. The other thing that we are seeing, that Doug passed along to me, that with their consumer, the single most important thing is the gasoline price. And gasoline prices have collapsed under President Trump.

I say that the gifts are to the American people, these trillions of dollars of investments that are going to create jobs in the US, whether it's the UAE building this gigantic aluminum plant in Oklahoma, whether it's these data centers that Qatar is going to do, is 600 billion on its way to a trillion from Saudi, that it all accrues to the American people.

I say that the gifts are to the American people, these trillions of dollars of investments that are going to create jobs in the US, whether it's the UAE building this gigantic aluminum plant in Oklahoma, whether it's these data centers that Qatar is going to do, is 600 billion on its way to a trillion from Saudi, that it all accrues to the American people.

I say that the gifts are to the American people, these trillions of dollars of investments that are going to create jobs in the US, whether it's the UAE building this gigantic aluminum plant in Oklahoma, whether it's these data centers that Qatar is going to do, is 600 billion on its way to a trillion from Saudi, that it all accrues to the American people.

Hier ist die Rate. Ich würde also erwarten, dass alle in gute Glauben negotieren würden.

Hier ist die Rate. Ich würde also erwarten, dass alle in gute Glauben negotieren würden.

Hier ist die Rate. Ich würde also erwarten, dass alle in gute Glauben negotieren würden.

Ich glaube, es wäre der 2. April-Level. Manche Länder waren bei 10%, manche waren substanziell höher. Und die Negotiationsleistung, die Präsident Trump hier spricht, ist, wenn du nicht negotieren willst, dann wird es zurück zu dem 2. April-Level springen.

Ich glaube, es wäre der 2. April-Level. Manche Länder waren bei 10%, manche waren substanziell höher. Und die Negotiationsleistung, die Präsident Trump hier spricht, ist, wenn du nicht negotieren willst, dann wird es zurück zu dem 2. April-Level springen.

Ich glaube, es wäre der 2. April-Level. Manche Länder waren bei 10%, manche waren substanziell höher. Und die Negotiationsleistung, die Präsident Trump hier spricht, ist, wenn du nicht negotieren willst, dann wird es zurück zu dem 2. April-Level springen.

A couple of things to unpack there, Jake. One is that we didn't get her overnight in terms of this terrible trade situation we have with China, but also with the rest of the world. And President Trump is... Okay, well let's just assume strategic uncertainty is your goal.

A couple of things to unpack there, Jake. One is that we didn't get her overnight in terms of this terrible trade situation we have with China, but also with the rest of the world. And President Trump is... Okay, well let's just assume strategic uncertainty is your goal.