Steven

Now, let me explain this, why there would be a very useful case for tariffs to show that this is not black and white, and this is not, oh, all tariffs are bad. This happened in the United States during COVID. We were virtually 100% reliant on masks and 95 masks that were made in China and Korea and not in the United States.

And so when you have a medical crisis in the early days of COVID and we're like, we need hundreds of millions of masks yesterday, they're all made somewhere else. We do not want to be in that situation. So it would absolutely make sense to have a tariff on masks to make sure that they are so expensive to import overseas that we have to start making them in the United States. That makes sense.

And so when you have a medical crisis in the early days of COVID and we're like, we need hundreds of millions of masks yesterday, they're all made somewhere else. We do not want to be in that situation. So it would absolutely make sense to have a tariff on masks to make sure that they are so expensive to import overseas that we have to start making them in the United States. That makes sense.

Same with military equipment. You do not want to go to war with a country and be reliant on that country to make your military gear, your bullets and your bombs and your tanks and whatnot. Absolutely makes sense to have a tariff on that to make sure they're made in the United States. That said, so it's not black and white, but to have a blanket tariff and say,

Same with military equipment. You do not want to go to war with a country and be reliant on that country to make your military gear, your bullets and your bombs and your tanks and whatnot. Absolutely makes sense to have a tariff on that to make sure they're made in the United States. That said, so it's not black and white, but to have a blanket tariff and say,

Everything that comes from any country, anywhere in the world, and China's going to be this to an extreme degree, is going to have a tariff on it. And whether that's between 10% for all countries or 145% from China, that, you know, I've used this analogy before that if you talk to dieticians, there is a huge amount of debate over what's the best diet should you eat? Should you be keto?

Everything that comes from any country, anywhere in the world, and China's going to be this to an extreme degree, is going to have a tariff on it. And whether that's between 10% for all countries or 145% from China, that, you know, I've used this analogy before that if you talk to dieticians, there is a huge amount of debate over what's the best diet should you eat? Should you be keto?

Should you be vegan? Like everything in between. There's so much debate. All of them agree that processed sugar is bad. Nobody thinks processed sugar is good. And tariffs are that with economists. There is so much debate among economists on what should the tax rate be? What should subsidies be? Should we get free market versus subsidies? There's so much debate.

Should you be vegan? Like everything in between. There's so much debate. All of them agree that processed sugar is bad. Nobody thinks processed sugar is good. And tariffs are that with economists. There is so much debate among economists on what should the tax rate be? What should subsidies be? Should we get free market versus subsidies? There's so much debate.

No serious economist thinks that you should have a trade war. And the thing is, this is not new. We've been doing this for hundreds of years. And it's very well known that in the 1930s, the Great Depression, we put huge tariffs on in the early days of the Great Depression. They didn't know it was called the Great Depression back then because we put them on and it shut down global trade.

No serious economist thinks that you should have a trade war. And the thing is, this is not new. We've been doing this for hundreds of years. And it's very well known that in the 1930s, the Great Depression, we put huge tariffs on in the early days of the Great Depression. They didn't know it was called the Great Depression back then because we put them on and it shut down global trade.

And it's easy to think that if you put tariffs on your own country, that will make it easier to manufacture. Like all those jobs that we shipped overseas of building cars, they're all going to come rushing back to America. And it very rarely happens like that when you have a trade war. But what I mean by trade war is we put tariffs on China, they respond to put tariffs on us.

And it's easy to think that if you put tariffs on your own country, that will make it easier to manufacture. Like all those jobs that we shipped overseas of building cars, they're all going to come rushing back to America. And it very rarely happens like that when you have a trade war. But what I mean by trade war is we put tariffs on China, they respond to put tariffs on us.

And you just go tit for tat and you go back and forth. And it's like mutually assured destruction in economic terms.

And you just go tit for tat and you go back and forth. And it's like mutually assured destruction in economic terms.

To his credit, Trump has been very consistent on this for literally 40 years. You can go on YouTube. He gave an interview in, I think it was 1986. He went on Oprah in 1986 talking about how free trade wasn't free and that Japan and other countries were ripping us off and that the solution to it were tariffs. So this is not a new view. This has been a lifelong quest that he's had.

To his credit, Trump has been very consistent on this for literally 40 years. You can go on YouTube. He gave an interview in, I think it was 1986. He went on Oprah in 1986 talking about how free trade wasn't free and that Japan and other countries were ripping us off and that the solution to it were tariffs. So this is not a new view. This has been a lifelong quest that he's had.

I would say not necessarily Trump's views, but I would say it absolutely makes sense that there is a large chunk of America that looks back to the period of 1950s, 1960s when we were a manufacturing powerhouse and says that was better than what we have now and we should go back to that.

I would say not necessarily Trump's views, but I would say it absolutely makes sense that there is a large chunk of America that looks back to the period of 1950s, 1960s when we were a manufacturing powerhouse and says that was better than what we have now and we should go back to that.

I get why people would say that because it's true that we have lost a lot of manufacturing jobs in the last 50 years. I think manufacturing jobs peaked in the late 1970s. And we've lost something like 10 million manufacturing jobs versus what we had back then. And I get why if I was in that situation, I would probably feel the same.