Scott Galloway

That happens in other countries around the world. Rule of law and consistency have been thrown out the window in just 110 days. You're starting to see a reduction in the price earnings multiple. I believe over the next several years, we're going to see a re-rating down of our price earnings multiple, which effectively increases the costs on all American businesses and consumers.

Because, and the market has sort of said this to a certain extent, the market has said, we don't really know what this guy's going to do and we don't trust him. 145% tariff, I mean, this is what a bad negotiator is. The first thing we need to do is dispel the myth that this guy is a good business person. He would be wealthier if he'd taken his massive inheritance and invested it in index funds.

Because, and the market has sort of said this to a certain extent, the market has said, we don't really know what this guy's going to do and we don't trust him. 145% tariff, I mean, this is what a bad negotiator is. The first thing we need to do is dispel the myth that this guy is a good business person. He would be wealthier if he'd taken his massive inheritance and invested it in index funds.

Because, and the market has sort of said this to a certain extent, the market has said, we don't really know what this guy's going to do and we don't trust him. 145% tariff, I mean, this is what a bad negotiator is. The first thing we need to do is dispel the myth that this guy is a good business person. He would be wealthier if he'd taken his massive inheritance and invested it in index funds.

His business career includes a trail of bankruptcies and unpaid subcontractors. To be fair, he's an outstanding reality talk show host, made several hundred million dollars hosting and envisioning a reality talk show. As a business person, he's not very good. And in terms of negotiating, he's negotiating himself at this point. He put on 145% tariff, and then a few days later, without any

His business career includes a trail of bankruptcies and unpaid subcontractors. To be fair, he's an outstanding reality talk show host, made several hundred million dollars hosting and envisioning a reality talk show. As a business person, he's not very good. And in terms of negotiating, he's negotiating himself at this point. He put on 145% tariff, and then a few days later, without any

His business career includes a trail of bankruptcies and unpaid subcontractors. To be fair, he's an outstanding reality talk show host, made several hundred million dollars hosting and envisioning a reality talk show. As a business person, he's not very good. And in terms of negotiating, he's negotiating himself at this point. He put on 145% tariff, and then a few days later, without any

counter from the Chinese, other than this is unacceptable and we're not even going to talk. He said they're unsustainable. It's like, well, boss, you're the one that did it. So to go to 145 and then to go down to 30, and effectively what you have is the Chinese are divesting away. This will keep the factories sort of humming in China.

counter from the Chinese, other than this is unacceptable and we're not even going to talk. He said they're unsustainable. It's like, well, boss, you're the one that did it. So to go to 145 and then to go down to 30, and effectively what you have is the Chinese are divesting away. This will keep the factories sort of humming in China.

counter from the Chinese, other than this is unacceptable and we're not even going to talk. He said they're unsustainable. It's like, well, boss, you're the one that did it. So to go to 145 and then to go down to 30, and effectively what you have is the Chinese are divesting away. This will keep the factories sort of humming in China.

This will basically loosen up or cancel the trade embargo for the time being. But also in negotiation, you have to understand your leverage and the amount of leverage you have. And what is typical of America and Donald Trump is that we're under the impression we're much more powerful than we are. People think of us as, you know, we're the only customer at the taco stand here.

This will basically loosen up or cancel the trade embargo for the time being. But also in negotiation, you have to understand your leverage and the amount of leverage you have. And what is typical of America and Donald Trump is that we're under the impression we're much more powerful than we are. People think of us as, you know, we're the only customer at the taco stand here.

This will basically loosen up or cancel the trade embargo for the time being. But also in negotiation, you have to understand your leverage and the amount of leverage you have. And what is typical of America and Donald Trump is that we're under the impression we're much more powerful than we are. People think of us as, you know, we're the only customer at the taco stand here.

And that without us, they go out of business. We're the third largest trading partner. The Association of Southeast Asian Nations and the EU are bigger trading partners with China. China has been divesting away from us. This is kind of, I think this is good for them. They get to continue to sell not as many products, but still not the shock that this trade embargo was going to implement on them.

And that without us, they go out of business. We're the third largest trading partner. The Association of Southeast Asian Nations and the EU are bigger trading partners with China. China has been divesting away from us. This is kind of, I think this is good for them. They get to continue to sell not as many products, but still not the shock that this trade embargo was going to implement on them.

And that without us, they go out of business. We're the third largest trading partner. The Association of Southeast Asian Nations and the EU are bigger trading partners with China. China has been divesting away from us. This is kind of, I think this is good for them. They get to continue to sell not as many products, but still not the shock that this trade embargo was going to implement on them.

At the same time, they will slowly but surely continue to divest away from us. And that is what the whole world is doing, Tim. The whole world is rerouting their supply chain around the United States, not even because of tariffs, but because they don't know how to plan their business with us because of this toxic uncertainty. And I think these

At the same time, they will slowly but surely continue to divest away from us. And that is what the whole world is doing, Tim. The whole world is rerouting their supply chain around the United States, not even because of tariffs, but because they don't know how to plan their business with us because of this toxic uncertainty. And I think these

At the same time, they will slowly but surely continue to divest away from us. And that is what the whole world is doing, Tim. The whole world is rerouting their supply chain around the United States, not even because of tariffs, but because they don't know how to plan their business with us because of this toxic uncertainty. And I think these

That resupplying or that rerouting of the supply chain will take years, if not decades, to reheal. And I do think the Americans have taken for granted, the American public, of just how inexpensive our goods are because of the supply chain that runs through the U.S. of every major economy because they trust us and think there's rule of law. And those things are no longer there.