Unnamed Guest 2

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.

I think I finally understand what's going on in his brain, which is that he has convinced himself that like if you have a trade deficit with a country, that means the country is robbing you. Right.

I think I finally understand what's going on in his brain, which is that he has convinced himself that like if you have a trade deficit with a country, that means the country is robbing you. Right.

I think I finally understand what's going on in his brain, which is that he has convinced himself that like if you have a trade deficit with a country, that means the country is robbing you. Right.

Yeah. Now, this is not how international trade works. works at all for the U.S. The entire U.S. empire is based on outsourcing a bunch of political violence to other countries so you can buy goods at cheap rates. That's what the empire is.

Yeah. Now, this is not how international trade works. works at all for the U.S. The entire U.S. empire is based on outsourcing a bunch of political violence to other countries so you can buy goods at cheap rates. That's what the empire is.

Yeah. Now, this is not how international trade works. works at all for the U.S. The entire U.S. empire is based on outsourcing a bunch of political violence to other countries so you can buy goods at cheap rates. That's what the empire is.

Yeah, and so something I mentioned, you know, back when I was talking about this in the tariff episode right after the election is that the thing about reciprocal tariffs, right, is that it means that if anyone attempts to fight a trade war with the U.S., So another country imposes 20% tariffs. The U.S. will also impose 20% tariffs.

Yeah, and so something I mentioned, you know, back when I was talking about this in the tariff episode right after the election is that the thing about reciprocal tariffs, right, is that it means that if anyone attempts to fight a trade war with the U.S., So another country imposes 20% tariffs. The U.S. will also impose 20% tariffs.

Yeah, and so something I mentioned, you know, back when I was talking about this in the tariff episode right after the election is that the thing about reciprocal tariffs, right, is that it means that if anyone attempts to fight a trade war with the U.S., So another country imposes 20% tariffs. The U.S. will also impose 20% tariffs.

And this just spirals out of control into a version of a trade war so unhinged, like none of us have ever seen anything like it in our lifetimes. Hell yeah, brother.

And this just spirals out of control into a version of a trade war so unhinged, like none of us have ever seen anything like it in our lifetimes. Hell yeah, brother.

And this just spirals out of control into a version of a trade war so unhinged, like none of us have ever seen anything like it in our lifetimes. Hell yeah, brother.

That's coming. We now have April 2nd as the day everything explodes. I also want to put another note here. The hope has always been from a lot of countries and a lot of the financial markets and a bunch of companies that... These tariffs are going to have more exemptions because there were some exemptions on stuff in the initial tariffs on Mexico and Canada.

That's coming. We now have April 2nd as the day everything explodes. I also want to put another note here. The hope has always been from a lot of countries and a lot of the financial markets and a bunch of companies that... These tariffs are going to have more exemptions because there were some exemptions on stuff in the initial tariffs on Mexico and Canada.

That's coming. We now have April 2nd as the day everything explodes. I also want to put another note here. The hope has always been from a lot of countries and a lot of the financial markets and a bunch of companies that... These tariffs are going to have more exemptions because there were some exemptions on stuff in the initial tariffs on Mexico and Canada.

Well, and he kept going back and forth, right? Yeah. But now we're getting into tariffs which have no exceptions. The steel and aluminum tariffs have had no exemptions at all. What we've been hearing, so one of the things I've been noting is that Canada and EU have been basically mobilizing in the trade war and imposing reciprocal tariffs in the U.S. China has too. Mexico has not.

Well, and he kept going back and forth, right? Yeah. But now we're getting into tariffs which have no exceptions. The steel and aluminum tariffs have had no exemptions at all. What we've been hearing, so one of the things I've been noting is that Canada and EU have been basically mobilizing in the trade war and imposing reciprocal tariffs in the U.S. China has too. Mexico has not.

Well, and he kept going back and forth, right? Yeah. But now we're getting into tariffs which have no exceptions. The steel and aluminum tariffs have had no exemptions at all. What we've been hearing, so one of the things I've been noting is that Canada and EU have been basically mobilizing in the trade war and imposing reciprocal tariffs in the U.S. China has too. Mexico has not.

Apparently, Mexico still thinks that they can negotiate to be in like the lowest tier of tariffs. This won't completely destroy their economy. Fuck if I know why they think that, but... Who knows? Yeah, but that's effectively the tariff news we have right now. We have, again, April 2nd, quote unquote, Liberation Day, the day that this all goes into effect.