Welcome to a little special edition of the Chuck Toddcast specifically for my YouTube subscribers. And so this is what I want to deal with this morning on this Friday morning, which is a question I've already been getting over the last 40, 24 hours, which is simply, what do all these tariffs mean for us politically?

So look, here's what we do know at the moment. This is not going to go, this does not look like

it's going to go very well. You have this kind of economic shock to the system, this kind of, you know,

record breaking balls in the stock market,

it's the type of story that everybody pays attention to. This is not the type of stories that

it's just people that are invested in the stock market or just wealthy people invested in the

stock market. This is a global story. This is arguably the lead story in every major news organization around the world

because these tariffs had impacted everybody. So look, I think a few things here that we both

overestimated with Trump but underestimated with Trump. And it has to do with the idea that he's a transactional guy.

And the assumption was, and frankly, this is what many in the business community, because

Donald Trump campaigned on this.

He said he was going to do this.

He is believed in tariffs.

It goes back to 1987.

Back in 1987, when Roger Stone was trying to help create Donald Trump,

the politician, Donald Trump bought a full-page ad in the New York Times, I believe it was

the New York Times, may have been the Post Times and journal, actually, but it was definitely

a full-page ad that talked about how Japan was ripping off America and that Japan or trade deficit and, you know,

we had idiot negotiators, if you recall, in 1987, Ronald Reagan was president. So it, he,

in some ways, Donald Trump, who doesn't have much of an ideology, right? He was one time pro

choice and now he's pro life and all these things. If there's one issue has been consistent on, is this belief that the American economy should and should all be sort of within the borders of America. So he does, I think, this is one of his actual core beliefs that this is the way the

system should work, that there should be more manufacturing in the country, that if you

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