Stu
👤 PersonAppearances Over Time
Podcast Appearances
I know.
I know.
I know.
I was good friends with Joe Lieberman.
I was good friends with Joe Lieberman.
I was good friends with Joe Lieberman.
We do.
We do.
We do.
Stephen, let's get into the really salacious content here and talk about washing machine tariffs. This is an interesting example, I think, of the tariff strategy here, right? They put on a 20% tariff back in 2017, 2018 on incoming washing machines.
Stephen, let's get into the really salacious content here and talk about washing machine tariffs. This is an interesting example, I think, of the tariff strategy here, right? They put on a 20% tariff back in 2017, 2018 on incoming washing machines.
Stephen, let's get into the really salacious content here and talk about washing machine tariffs. This is an interesting example, I think, of the tariff strategy here, right? They put on a 20% tariff back in 2017, 2018 on incoming washing machines.
It seems – correct me if I'm wrong on the understanding of this, but basically prices almost immediately went up by 20%, which is kind of what you'd expect. However, there was a laudable goal in mind, which was to bring jobs back to America. It does seem like a lot of studies show about 1,800 jobs in the washing machine industry were created by Samsung and other companies that moved business here.
It seems – correct me if I'm wrong on the understanding of this, but basically prices almost immediately went up by 20%, which is kind of what you'd expect. However, there was a laudable goal in mind, which was to bring jobs back to America. It does seem like a lot of studies show about 1,800 jobs in the washing machine industry were created by Samsung and other companies that moved business here.
It seems – correct me if I'm wrong on the understanding of this, but basically prices almost immediately went up by 20%, which is kind of what you'd expect. However, there was a laudable goal in mind, which was to bring jobs back to America. It does seem like a lot of studies show about 1,800 jobs in the washing machine industry were created by Samsung and other companies that moved business here.
However – at a cost of $1.5 billion to consumers annually. That's a cost of $800,000 per job. And isn't this really consistent through the literature on tariffs, that this is kind of what plays out?
However – at a cost of $1.5 billion to consumers annually. That's a cost of $800,000 per job. And isn't this really consistent through the literature on tariffs, that this is kind of what plays out?
However – at a cost of $1.5 billion to consumers annually. That's a cost of $800,000 per job. And isn't this really consistent through the literature on tariffs, that this is kind of what plays out?
You're not cool enough to talk to Kid Rock. Exactly.
You're not cool enough to talk to Kid Rock. Exactly.