Scott Lincecum

Compared to what you just got with Donald Trump and the United States, the calculus has changed. And I think that this is going to do long-term damage to government's willingness to increase integration with the United States. That just means slower growth, less competitiveness for the US economy, onward and onward.

I would note, as one of our adjuncts posted over the weekend, it also could come back to bite us when there's another global crisis because governments tend to work together, whether it's through public health or monetary policy or whatever. Trade agreement partners tend to do the best when it comes to working together in these things.

I would note, as one of our adjuncts posted over the weekend, it also could come back to bite us when there's another global crisis because governments tend to work together, whether it's through public health or monetary policy or whatever. Trade agreement partners tend to do the best when it comes to working together in these things.

I would note, as one of our adjuncts posted over the weekend, it also could come back to bite us when there's another global crisis because governments tend to work together, whether it's through public health or monetary policy or whatever. Trade agreement partners tend to do the best when it comes to working together in these things.

But now we're basically destroying those relationships in real time.

But now we're basically destroying those relationships in real time.

But now we're basically destroying those relationships in real time.

Well, it was a joke that I guess has increasing relevance.

Well, it was a joke that I guess has increasing relevance.

Well, it was a joke that I guess has increasing relevance.

Well, it was a joke that I guess has increasing relevance.

Well, it was a joke that I guess has increasing relevance.

Yeah. So on Saturday, the president issued three executive orders invoking a national emergency with respect to fentanyl and the importation of fentanyl from China, Canada, and Mexico.

Yeah. So on Saturday, the president issued three executive orders invoking a national emergency with respect to fentanyl and the importation of fentanyl from China, Canada, and Mexico.

Yeah. So on Saturday, the president issued three executive orders invoking a national emergency with respect to fentanyl and the importation of fentanyl from China, Canada, and Mexico.

Yeah. So on Saturday, the president issued three executive orders invoking a national emergency with respect to fentanyl and the importation of fentanyl from China, Canada, and Mexico.

Yeah. So on Saturday, the president issued three executive orders invoking a national emergency with respect to fentanyl and the importation of fentanyl from China, Canada, and Mexico.

Correct, correct. And, of course, then applying tariffs on imports of all goods from these three countries. 10% for China, because they already had 25% tariffs on a bunch of stuff. And then 25% on all imports from Canada and Mexico. Leaving aside whether there is a Canadian fentanyl crisis.

Correct, correct. And, of course, then applying tariffs on imports of all goods from these three countries. 10% for China, because they already had 25% tariffs on a bunch of stuff. And then 25% on all imports from Canada and Mexico. Leaving aside whether there is a Canadian fentanyl crisis.

Correct, correct. And, of course, then applying tariffs on imports of all goods from these three countries. 10% for China, because they already had 25% tariffs on a bunch of stuff. And then 25% on all imports from Canada and Mexico. Leaving aside whether there is a Canadian fentanyl crisis.