
Lewis Matuskis: Yes, it is a completely beautiful quotation that I really want to place on a hat or T-shirt or a bumper sticker. There is just a completely incredible picture that Secretary Lootnik is painting there. There are two basic camps within the Trump administration here, and I think it is part of why you are watching this confusion because both these camps are like fighting with each other. They are both going on TV. So a camp has the art of a crowd. Let’s call them. People say the art of the deal is that Trump is the last negotiator. This is an incredibly stimulating remedy. These tariffs are an early point, and the goal is that the tariff is to maintain this high, but to create a new world economy, where America is not left out of these unfair trade deficit, and we are like a new world, where America is considered more impartially, we throw our power around, and you are going to change quickly. I would say that this is the camp that was talking to the false Walter Bloomberg tweet. Other camps, perhaps let them call them the armies of iPhone workers, believe that the real goal here is not to remove the tariff or just use them as a conversation strategy. Certainly, we can definitely get some concessions from other countries on the way. Perhaps the tariff will be adjusted over time. But roughly, tariffs are going to live in place because the points among them are a manufacturing renaissance in the US, and in fact there are probably not those who gather iPhones, but all types of industries to return to the United States. They are very vague about which industries they want to prioritize here. But here the idea is honestly, I think it is excluded in a way in some ways of masculine Twitter, like some population of America, backlash that only with a high school diploma is specially felt, like achieving small changes of globalization. So this idea is to go back to this era, where the man went to work and was a masculine work, put small screws in iPhones and provided something like this to his family, rather than that A, quotes in disqualified, feminine email job. So this is the second camp.
Zoë schifer: Yes. Ok. Well, I definitely want to go into the creation of all this, and I think we are going to touch it in the next segment. But we are going to take a quick break. We will return with Lewis Matuskis. Welcome to return Anani ValleySo let’s talk about some effects, both tariffs and markets after madness. From your reporting, how is it killing small businesses and manufacturing?
Lewis Matuskis: So these tariffs are basically a disaster for every type of small business that you can imagine. So your local coffee shop is importing beans from Indonesia and Colombia. A clothing manufacturer, bottom road down, they are importing clothes from China, from Vietnam, from Cambodia, possibly also Bangladesh and that kind of places. And I think in fact, it is not necessarily the tariff rate. Obviously, it is trying to find out that your small business that is probably already running on a very thin margin, is going to absorb 30 percent more in costs, obviously it’s a big thing, but what is the real problem, uncertainty. So these tariffs were actually declared suddenly. While Trump was talking about him, no one knew how high he could be. I saw some reporting from the Washington Post, actually indicated that they were still deliberately doing how high the tariffs were going to be and how were they being counted a few hours before Trump’s announcement. They went around the announcement time. They finished doing so after the markets were closed, I think they knew that it was going to have a big accident. So what does this mean, for example, suppose you make shoes. You are a US-based shoe designer, but you produce your shoes in China. This type of business, they work in months, sometimes one year, a whole year, 12 months ago. And so they have already set their prices, they have already talked to buyers, retailers who are going to take their shoes, they have already agreed at a price for the next season. Like now, a shoe manufacturer is probably producing like a fall falling shoes as soon as possible, but perhaps his winter shoes have already gone into production, or they are interacting with at least now. And their summer shoes, those people were priced at five, six months ago. And in some cases, those summer shoes, they are already on a ship. So you have already paid their manufacturers for them, and that ship is coming, and suddenly like that if the ship is coming from China, you will have to pay 34 percent tariffs that you were not expecting. So I think it becomes really difficult for any business to plan right now.