What an American Stove Maker Wants You to Know About US Manufacturing

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 14 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the ironies of the tariffs is that, while ostensibly the goal is to reshore US manufacturing, it's actually been US makers of physical goods themselves that have warned about the damage that trade barriers can cause. Or, to put it another way, if we really want to see more domestic US production in order to decouple from China, then perhaps there are other levers to pull besides the tariffs. On this episode of the podcast, we speak with Sam D'Amico, the founder and CEO of California-based Impulse Labs, which makes an amazing induction oven. We talk about what the tariffs mean for his business, and the various things, including capital markets and NIMBYism, that really stand as impediments to building out mass US production of goods.

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Transcript

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0:00.0	KPMG makes the difference by creating value, like developing strategic insights that help drive M&A success, or embedding AI solutions into your business to sustain competitive advantage.
0:13.4	KPMG, make the difference. Learn more at www.kpmg.us slash insights.
0:22.2	Is this a negotiation or the new rules at a game?
0:24.8	It could be either.
0:25.8	It is up to the president how he wants to negotiate.
0:28.7	A deal is going to be made with China.
0:30.4	Nothing's over yet.
0:31.4	There's been a lot of confusion up to now.
0:33.2	A 90-day pause is not an eradication.
0:35.8	Where is this leading to?
0:37.0	Trust Bloomberg Television for all the context and clarity you need as the tariff and global economy story evolves.
0:43.5	This year's bear case, very quickly, becoming the base case.
0:46.7	Nobody covers tariffs like Bloomberg Television.
0:50.0	Context changes everything.
0:54.7	Bloomberg Audio Studios, Podcasts, Radio News.
1:10.3	Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Wisenthal.
1:16.0	And I'm Tracy Allaway.
1:17.4	Tracy, I think one of the most interesting dynamics going on right now is that you have a White House and a lot of people in both parties, but specifically the White House right now, that are very set on
1:28.7	reindustrializing manufacturing in the U.S. at the same time, actually existing U.S. manufacturers
1:35.1	are talking about, wait, everything you're talking about is throwing our business into extreme chaos.
1:39.6	Yeah, and we've had a lot of anecdotal evidence so far of this happening.
1:44.3	So we've already mentioned at this point the Dallas Fed Energy Survey and a bunch of businesses in the oil patch saying that things are slowing down.
	...

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