Unnamed Guest 2

going to be looked back on as the opening series of skirmishes and sort of probing defenses on april 2nd trump is going to crash the entire world economy he is calling this liberation day on april 2nd he is planning to impose reciprocal tariffs on every single country on earth

going to be looked back on as the opening series of skirmishes and sort of probing defenses on april 2nd trump is going to crash the entire world economy he is calling this liberation day on april 2nd he is planning to impose reciprocal tariffs on every single country on earth

going to be looked back on as the opening series of skirmishes and sort of probing defenses on april 2nd trump is going to crash the entire world economy he is calling this liberation day on april 2nd he is planning to impose reciprocal tariffs on every single country on earth

Now, I'm going to take a fucking victory lap here because I have been talking about this for a very, very long time. I talked about this last year. I talked about this at the beginning of last year. I talked about this at the end of last year. The entire media seems to have sort of forgotten about this until they all suddenly remembered this week that Trump had promised to do reciprocal tariffs.

Now, I'm going to take a fucking victory lap here because I have been talking about this for a very, very long time. I talked about this last year. I talked about this at the beginning of last year. I talked about this at the end of last year. The entire media seems to have sort of forgotten about this until they all suddenly remembered this week that Trump had promised to do reciprocal tariffs.

Now, I'm going to take a fucking victory lap here because I have been talking about this for a very, very long time. I talked about this last year. I talked about this at the beginning of last year. I talked about this at the end of last year. The entire media seems to have sort of forgotten about this until they all suddenly remembered this week that Trump had promised to do reciprocal tariffs.

So what reciprocal tariffs are, in theory, is if there's a tariff on something from another country, the U.S. matches it. So the way the Trump administration thinks about tariffs is deeply weird. So they're including things like value-added taxes on goods in countries. Wow. Which is like a sales tax in the U.S. Yeah, yeah. But also like subsidies.

So what reciprocal tariffs are, in theory, is if there's a tariff on something from another country, the U.S. matches it. So the way the Trump administration thinks about tariffs is deeply weird. So they're including things like value-added taxes on goods in countries. Wow. Which is like a sales tax in the U.S. Yeah, yeah. But also like subsidies.

So what reciprocal tariffs are, in theory, is if there's a tariff on something from another country, the U.S. matches it. So the way the Trump administration thinks about tariffs is deeply weird. So they're including things like value-added taxes on goods in countries. Wow. Which is like a sales tax in the U.S. Yeah, yeah. But also like subsidies.

And also, and this is the part that has gotten less things, but quote-unquote currency manipulation? Now, how the fuck do you calculate that for literally every single country on Earth? Who knows? Business Insider has some reporting on this where they talked to some insiders.

And also, and this is the part that has gotten less things, but quote-unquote currency manipulation? Now, how the fuck do you calculate that for literally every single country on Earth? Who knows? Business Insider has some reporting on this where they talked to some insiders.

And also, and this is the part that has gotten less things, but quote-unquote currency manipulation? Now, how the fuck do you calculate that for literally every single country on Earth? Who knows? Business Insider has some reporting on this where they talked to some insiders.

Okay, so literally there are not enough people working on tariffs to like calculate out individual tariff rates for every single country on Earth. It looks like the plan right now, and this is all subject to change because, again, this is Trump administration and who the fuck knows what they're going to be saying or doing in two weeks.

Okay, so literally there are not enough people working on tariffs to like calculate out individual tariff rates for every single country on Earth. It looks like the plan right now, and this is all subject to change because, again, this is Trump administration and who the fuck knows what they're going to be saying or doing in two weeks.

Okay, so literally there are not enough people working on tariffs to like calculate out individual tariff rates for every single country on Earth. It looks like the plan right now, and this is all subject to change because, again, this is Trump administration and who the fuck knows what they're going to be saying or doing in two weeks.

But what we know right now is it looks like they're going to separate every country on Earth into three tiers of tariffs. So there's going to be like a low tier, a mid tier and a high tier. And it's unclear exactly what levels they're going to be. These are going to be on top of all of the additional tariffs that they've already imposed. So say, for example, China gets put into high tier one.

But what we know right now is it looks like they're going to separate every country on Earth into three tiers of tariffs. So there's going to be like a low tier, a mid tier and a high tier. And it's unclear exactly what levels they're going to be. These are going to be on top of all of the additional tariffs that they've already imposed. So say, for example, China gets put into high tier one.

But what we know right now is it looks like they're going to separate every country on Earth into three tiers of tariffs. So there's going to be like a low tier, a mid tier and a high tier. And it's unclear exactly what levels they're going to be. These are going to be on top of all of the additional tariffs that they've already imposed. So say, for example, China gets put into high tier one.

They put like a 50% tariff on it. That means the tariff rate is going to be 70% because there's already 20% tariffs on there. Business Insider seemed to think 20% is like the low one. I don't know about that. I think they're going to be pretty high. We have no idea. And again, so what's happening here is Trump is declaring this liberation day because he has convinced himself.

They put like a 50% tariff on it. That means the tariff rate is going to be 70% because there's already 20% tariffs on there. Business Insider seemed to think 20% is like the low one. I don't know about that. I think they're going to be pretty high. We have no idea. And again, so what's happening here is Trump is declaring this liberation day because he has convinced himself.