Scott Lincecum

canadian oil so canadian oil gets a special 10 tariff not the full 25 now why would you do that if this is going to be good for the american economy well you do it because in reality it's going to raise gas prices in the midwest because we import a ton of canadian crude oil we do that not because we're not energy independent or any of that nonsense we do it because canada makes a certain type of crude oil that goes in the refineries that are in the midwest

canadian oil so canadian oil gets a special 10 tariff not the full 25 now why would you do that if this is going to be good for the american economy well you do it because in reality it's going to raise gas prices in the midwest because we import a ton of canadian crude oil we do that not because we're not energy independent or any of that nonsense we do it because canada makes a certain type of crude oil that goes in the refineries that are in the midwest

And again, we have this wonderful free trade relationship with Canadians. So we stopped buying OPEC oil. We started buying Canadian heavy crude. Everybody ends up better off, or at least they did, right? So even in their actions, their formal actions, they understand that this is going to be painful. But now, of course, it's just the great covering and distraction.

And again, we have this wonderful free trade relationship with Canadians. So we stopped buying OPEC oil. We started buying Canadian heavy crude. Everybody ends up better off, or at least they did, right? So even in their actions, their formal actions, they understand that this is going to be painful. But now, of course, it's just the great covering and distraction.

And again, we have this wonderful free trade relationship with Canadians. So we stopped buying OPEC oil. We started buying Canadian heavy crude. Everybody ends up better off, or at least they did, right? So even in their actions, their formal actions, they understand that this is going to be painful. But now, of course, it's just the great covering and distraction.

And again, we have this wonderful free trade relationship with Canadians. So we stopped buying OPEC oil. We started buying Canadian heavy crude. Everybody ends up better off, or at least they did, right? So even in their actions, their formal actions, they understand that this is going to be painful. But now, of course, it's just the great covering and distraction.

And again, we have this wonderful free trade relationship with Canadians. So we stopped buying OPEC oil. We started buying Canadian heavy crude. Everybody ends up better off, or at least they did, right? So even in their actions, their formal actions, they understand that this is going to be painful. But now, of course, it's just the great covering and distraction.

Yeah, and it really reveals a fundamental flaw in a lot of kind of the protectionist mindset is that a lot of the imports from Canada and Mexico are complementary to US production. They do not push out US production. They actually support US production. So a huge chunk of what we import from Canada and Mexico are industrial inputs, so things that we put in cars or microwave ovens or whatever.

Yeah, and it really reveals a fundamental flaw in a lot of kind of the protectionist mindset is that a lot of the imports from Canada and Mexico are complementary to US production. They do not push out US production. They actually support US production. So a huge chunk of what we import from Canada and Mexico are industrial inputs, so things that we put in cars or microwave ovens or whatever.

Yeah, and it really reveals a fundamental flaw in a lot of kind of the protectionist mindset is that a lot of the imports from Canada and Mexico are complementary to US production. They do not push out US production. They actually support US production. So a huge chunk of what we import from Canada and Mexico are industrial inputs, so things that we put in cars or microwave ovens or whatever.

Yeah, and it really reveals a fundamental flaw in a lot of kind of the protectionist mindset is that a lot of the imports from Canada and Mexico are complementary to US production. They do not push out US production. They actually support US production. So a huge chunk of what we import from Canada and Mexico are industrial inputs, so things that we put in cars or microwave ovens or whatever.

Yeah, and it really reveals a fundamental flaw in a lot of kind of the protectionist mindset is that a lot of the imports from Canada and Mexico are complementary to US production. They do not push out US production. They actually support US production. So a huge chunk of what we import from Canada and Mexico are industrial inputs, so things that we put in cars or microwave ovens or whatever.

And that allows us to make more of those things. It allows us to create cheaper gasoline, right? So these are – complementary supply chains. They are not just simply zero-sum directly competitive. And the whole protectionist idea with trade deficits and imports bad, exports goods really fails when you understand these complementaries, right?

And that allows us to make more of those things. It allows us to create cheaper gasoline, right? So these are – complementary supply chains. They are not just simply zero-sum directly competitive. And the whole protectionist idea with trade deficits and imports bad, exports goods really fails when you understand these complementaries, right?

And that allows us to make more of those things. It allows us to create cheaper gasoline, right? So these are – complementary supply chains. They are not just simply zero-sum directly competitive. And the whole protectionist idea with trade deficits and imports bad, exports goods really fails when you understand these complementaries, right?

And that allows us to make more of those things. It allows us to create cheaper gasoline, right? So these are – complementary supply chains. They are not just simply zero-sum directly competitive. And the whole protectionist idea with trade deficits and imports bad, exports goods really fails when you understand these complementaries, right?

And that allows us to make more of those things. It allows us to create cheaper gasoline, right? So these are – complementary supply chains. They are not just simply zero-sum directly competitive. And the whole protectionist idea with trade deficits and imports bad, exports goods really fails when you understand these complementaries, right?

When you understand that production actually goes up in the United States as imports go up. So, it's a big problem for them. And for better or worse, assuming these tariffs actually happen, I think we're going to get a lot of real-world lessons in the next couple weeks of how these complementaries work in practice.

When you understand that production actually goes up in the United States as imports go up. So, it's a big problem for them. And for better or worse, assuming these tariffs actually happen, I think we're going to get a lot of real-world lessons in the next couple weeks of how these complementaries work in practice.

When you understand that production actually goes up in the United States as imports go up. So, it's a big problem for them. And for better or worse, assuming these tariffs actually happen, I think we're going to get a lot of real-world lessons in the next couple weeks of how these complementaries work in practice.