4.6 • 2.4K Ratings
🗓️ 3 April 2025
⏱️ 56 minutes
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0:00.0 | Let's just get started right away with our Wednesday night live. Late night in Berlin. |
0:06.5 | First we take Manhattan. Then we take Berlin. I hope you guys are doing well. |
0:13.9 | And let's get into your questions, comments, issues, challenges. |
0:27.1 | I don't know if you're interested in the economics of tariffness. |
0:28.3 | Tariffing. |
0:33.2 | This is from Canecoa the Great. |
0:41.6 | In 2023, the United States had the lowest trade barriers among G20 nations and imposed lower tariffs than most of them. |
0:47.5 | Trump's right, we don't have free trade, and America is getting ripped off. |
0:52.2 | So this is something he was talking about. I remember him talking about this stuff in the 80s back of the day, right? |
0:58.1 | Yeah, so, I mean, Argentina, 25%, South Korea, 23% United Kingdom, 22%. |
1:04.7 | Japan is even at 12%, Mexico at 10% United States is 6% or 7%. |
1:10.7 | It seems reasonable to be. 12%, Mexico at 10%, United States is 6, 6% or 7%. |
1:12.6 | It seems reasonable, to be honest with you. |
1:16.6 | It seems, it seems kind of reasonable. |
1:18.6 | Now, of course, Canada, according to some reports, has agreed to drop some of the tariffs based upon |
1:24.6 | retaliatory tariffs from America. |
1:30.3 | And so this is what we were talking about way back in the day, right? |
1:36.3 | Way back in the day. |
1:39.3 | So, yeah. |
1:42.3 | Peter Schiff, of course, is writing, |
1:45.0 | the risk assets are tanking after hours as Trump's tariffs are worse than expected. |
1:50.0 | Dow futures are already down of a thousand, which is 2.5%. |
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