Steve Lamar

Cashmere sweaters, only 4%.

A canvas bag has a 16% tariff.

Snakeskin leather, 5.3%.

You get it.

Why?

Who decides this?

Like, you don't buy cashmere sweaters or silk shirts for the bargain.

You buy them because they're a fancy, expensive product.

Those cheap domestic industries once advocated for higher tariffs, and then those just stayed, even though it doesn't make any sense anymore.

Especially because now, it's so rare that something is made entirely in the United States.

We live in such a global economy.

And this kind of blanket tariffing is really bad.

I mean, I too would like more clothes to be made in the United States, but tariffs are not the way to do it.

And I also have to admit, like when the Trump tariffs were beginning, I was like, oh, maybe these tariffs will end overconsumption in fast fashion.

But that's really elitist.

Like tariffs are not the way to do that.

Tariffs, Ed Gresser would argue, are not the way to address these larger, deeper problems.

Tariffs tend to hurt any industry that makes stuff.

Lawyers, stockbrokers, media companies.

Intangible white-collar industries are not impacted as much.