Hey, good morning. It's Saturday, July the 12th. Another tariff deadline has come and gone,

and Donald Trump has revived his trade war against almost the entire world. Just this morning,

the president sent out another set of tariff letters informing Mexico and the European Union that he will impose

30% tariffs on all goods from their country starting next month. He also warned that if they retaliate,

he'll raise tariffs by the same amount that they retaliate in addition to the 30%. But if history is

any indication, the likelihood that any of these current tariffs will actually go into effect is

relatively low. The White House has announced far more tariffs than it has actually put into effect,

and there's no rhyme nor reason for why these rates keep changing in the first place. There does not

appear to be some secret genius formula for how they're coming up with these numbers. We're just

all at the mercy of an administration with no coherent trade or

economic policy that thinks it can bully its way to prosperity. In reality, these tariffs are just

creating uncertainty for our allies abroad and for consumers here at home. It's making our

traditional trading partners lose trust in us while at the same time driving prices up and causing

confusion throughout the entire supply chain.

This pause was supposed to be a reset for Trump's trade war, an opportunity, if you can call it that,

for countries to stabilize their relations with this administration.

And the Trump White House boasted repeatedly that they would secure plenty of trade deals during this period,

so many trade deals that people would get sick of them.

I'm telling you, these countries are calling us up, kissing my...

They are... they are dying to make it here.

Please, please, sir, make a deal.

I'll do anything. I'll do anything, sir.

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