Jeff Stein

I'm glad you asked that because people have been asking me that, you know, are we in one? And when are we going to be in one? How is this going to start? It's already here. And the main things really are targeting our three biggest trading partners, China, Mexico, and Canada, Mexico and Canada. really to the shock of everyone in the world, including some people close to the White House.

I'm glad you asked that because people have been asking me that, you know, are we in one? And when are we going to be in one? How is this going to start? It's already here. And the main things really are targeting our three biggest trading partners, China, Mexico, and Canada, Mexico and Canada. really to the shock of everyone in the world, including some people close to the White House.

I'm glad you asked that because people have been asking me that, you know, are we in one? And when are we going to be in one? How is this going to start? It's already here. And the main things really are targeting our three biggest trading partners, China, Mexico, and Canada, Mexico and Canada. really to the shock of everyone in the world, including some people close to the White House.

Mexico and Canada have come in for the steepest tariffs despite being our closest allies. So, you know, in the first few weeks here, we were looking at about $1 trillion of new tariffs being, of imports being subject to tariffs. And about $2 trillion of additional imports are potentially going to be hit by imports starting April 2nd, according to the plan that Trump has laid out.

Mexico and Canada have come in for the steepest tariffs despite being our closest allies. So, you know, in the first few weeks here, we were looking at about $1 trillion of new tariffs being, of imports being subject to tariffs. And about $2 trillion of additional imports are potentially going to be hit by imports starting April 2nd, according to the plan that Trump has laid out.

Mexico and Canada have come in for the steepest tariffs despite being our closest allies. So, you know, in the first few weeks here, we were looking at about $1 trillion of new tariffs being, of imports being subject to tariffs. And about $2 trillion of additional imports are potentially going to be hit by imports starting April 2nd, according to the plan that Trump has laid out.

So that would cover you know, pretty close to everything the United States imports from foreign countries.

So that would cover you know, pretty close to everything the United States imports from foreign countries.

So that would cover you know, pretty close to everything the United States imports from foreign countries.

In return, China has threatened and imposed tariffs on a number of U.S. agricultural and other exports. Canada has threatened, although not yet imposed, retaliatory measures on electricity used by Americans in the north and other U.S. exports to Canada. Mexico has threatened or moved forward with, you know, a number of retaliatory tariffs that will hurt U.S. exports to our southern border.

In return, China has threatened and imposed tariffs on a number of U.S. agricultural and other exports. Canada has threatened, although not yet imposed, retaliatory measures on electricity used by Americans in the north and other U.S. exports to Canada. Mexico has threatened or moved forward with, you know, a number of retaliatory tariffs that will hurt U.S. exports to our southern border.

In return, China has threatened and imposed tariffs on a number of U.S. agricultural and other exports. Canada has threatened, although not yet imposed, retaliatory measures on electricity used by Americans in the north and other U.S. exports to Canada. Mexico has threatened or moved forward with, you know, a number of retaliatory tariffs that will hurt U.S. exports to our southern border.

You know, when I talk to businesses, what they say overwhelmingly is, look, if we had any confidence that Trump was going to impose these tariffs and keep them, even that would be better than what is the current status quo, which is that business leaders don't know from one hour to the next what Trump is going to do. I mean, last week, Trump threatened 50% tariffs on Canadian steel and aluminum.

You know, when I talk to businesses, what they say overwhelmingly is, look, if we had any confidence that Trump was going to impose these tariffs and keep them, even that would be better than what is the current status quo, which is that business leaders don't know from one hour to the next what Trump is going to do. I mean, last week, Trump threatened 50% tariffs on Canadian steel and aluminum.

You know, when I talk to businesses, what they say overwhelmingly is, look, if we had any confidence that Trump was going to impose these tariffs and keep them, even that would be better than what is the current status quo, which is that business leaders don't know from one hour to the next what Trump is going to do. I mean, last week, Trump threatened 50% tariffs on Canadian steel and aluminum.

And by the end of the day, by the end of the day, just a few hours, those had been rescinded. And that means that nobody can plan, nobody can make investment decisions because how do you balance out what your sort of revenue and expenses projections will look like in six months if you don't know what the tariffs are going to be in a few hours?

And by the end of the day, by the end of the day, just a few hours, those had been rescinded. And that means that nobody can plan, nobody can make investment decisions because how do you balance out what your sort of revenue and expenses projections will look like in six months if you don't know what the tariffs are going to be in a few hours?

And by the end of the day, by the end of the day, just a few hours, those had been rescinded. And that means that nobody can plan, nobody can make investment decisions because how do you balance out what your sort of revenue and expenses projections will look like in six months if you don't know what the tariffs are going to be in a few hours?

And, you know, we've seen a real, real scary plunge in consumer confidence, in investment, in expectations of inflation from consumers and all these things happening. combined to suggest that there's a chance that the economy could just sort of fall off a cliff next quarter.

And, you know, we've seen a real, real scary plunge in consumer confidence, in investment, in expectations of inflation from consumers and all these things happening. combined to suggest that there's a chance that the economy could just sort of fall off a cliff next quarter.