if you continue this retaliation and counter-retaliation, eventually it leads to, you know,

more aggressive trade war.

And you have to remember, trade wars do lead to wards too.

You know, this is what happened essentially in the interwar period between World War I and

World War II.

It started with trade wars and currency wars and then eventually became a real war. The trade war is confusing to a lot of people.

Like, what the hell is he trying to do?

Do they not have any common sense in economics?

That's me.

You say, to people, it's confusing.

It me.

I'm the confused party.

No, no, it is really confusing because even for economists, like, nobody in the White House

is paying attention.

I think there is a nefarious motivation behind it, which explains why the tech bros are so close to him.

This is really about Europe for the last 10 years have been trying to regulate, heavily regulate, the American tech companies. They're just monopolies,

basically. The U.S. is not doing it. The Europeans are trying to do it. And that's a blind

spot in a lot of people's thinking about the trade deficit, because we do have a trade deficit

in goods, like manufactured stuff, like physical things. But the U.S. has a huge advantage

in services. And the tech

companies are basically selling code. They're selling software. And they're avoiding taxes left

and right in every single jurisdiction. And they are the ones who are now facing the aggressive

...