Kenneth Raposa

Well, the positive side is that you are going to entice companies to manufacture goods in the United States. And that might mean that they're investing in new greenfield manufacturing plants, like we heard recently from Hyundai when they said they would invest in steelmaking in Louisiana. That's unheard of. They're only doing that because of the tariff threat. Also, maybe a gesture of goodwill's

Well, the positive side is that you are going to entice companies to manufacture goods in the United States. And that might mean that they're investing in new greenfield manufacturing plants, like we heard recently from Hyundai when they said they would invest in steelmaking in Louisiana. That's unheard of. They're only doing that because of the tariff threat. Also, maybe a gesture of goodwill's

Well, the positive side is that you are going to entice companies to manufacture goods in the United States. And that might mean that they're investing in new greenfield manufacturing plants, like we heard recently from Hyundai when they said they would invest in steelmaking in Louisiana. That's unheard of. They're only doing that because of the tariff threat. Also, maybe a gesture of goodwill's

to hope that the Koreans weren't going to be tariffed, but that's another story. So that's one reason why you do it. And if you and I, let's say, here's another reason. If you and I, other than the Greenfield project, right, this would be a brand new manufacturing plant to make whatever it may be, Starlink satellites. You and I have a factory. We spent millions of dollars to build this factory.

to hope that the Koreans weren't going to be tariffed, but that's another story. So that's one reason why you do it. And if you and I, let's say, here's another reason. If you and I, other than the Greenfield project, right, this would be a brand new manufacturing plant to make whatever it may be, Starlink satellites. You and I have a factory. We spent millions of dollars to build this factory.

to hope that the Koreans weren't going to be tariffed, but that's another story. So that's one reason why you do it. And if you and I, let's say, here's another reason. If you and I, other than the Greenfield project, right, this would be a brand new manufacturing plant to make whatever it may be, Starlink satellites. You and I have a factory. We spent millions of dollars to build this factory.

We built it in 1980s. It got all the good equipment. It's ready to roll. We can make 100 widgets a day at this factory, whatever the widget may be. But we only make 60 widgets a day, maybe as low as 50. And the reason why is because import penetration from all these countries that, I wouldn't say abuse the United States, but think of the United States as their country, as their market.

We built it in 1980s. It got all the good equipment. It's ready to roll. We can make 100 widgets a day at this factory, whatever the widget may be. But we only make 60 widgets a day, maybe as low as 50. And the reason why is because import penetration from all these countries that, I wouldn't say abuse the United States, but think of the United States as their country, as their market.

We built it in 1980s. It got all the good equipment. It's ready to roll. We can make 100 widgets a day at this factory, whatever the widget may be. But we only make 60 widgets a day, maybe as low as 50. And the reason why is because import penetration from all these countries that, I wouldn't say abuse the United States, but think of the United States as their country, as their market.

So you and I that spent millions of dollars on this factory floor and all this equipment, we're not firing on all eight cylinders. We're firing on maybe four. So what happens is all of a sudden, you and I are starting to get orders from Boeing and Ford to make that widget. And now we're hiring a third shift. And now we're putting those machines back to work. And so that's the good thing.

So you and I that spent millions of dollars on this factory floor and all this equipment, we're not firing on all eight cylinders. We're firing on maybe four. So what happens is all of a sudden, you and I are starting to get orders from Boeing and Ford to make that widget. And now we're hiring a third shift. And now we're putting those machines back to work. And so that's the good thing.

So you and I that spent millions of dollars on this factory floor and all this equipment, we're not firing on all eight cylinders. We're firing on maybe four. So what happens is all of a sudden, you and I are starting to get orders from Boeing and Ford to make that widget. And now we're hiring a third shift. And now we're putting those machines back to work. And so that's the good thing.

That's the best case scenario, right? That's the best case scenario that would happen with tariffs. You have to keep them permanent in order to make that happen. Businesses, like markets, they need certainty. So Trump can't be willy-nilly about this.

That's the best case scenario, right? That's the best case scenario that would happen with tariffs. You have to keep them permanent in order to make that happen. Businesses, like markets, they need certainty. So Trump can't be willy-nilly about this.

That's the best case scenario, right? That's the best case scenario that would happen with tariffs. You have to keep them permanent in order to make that happen. Businesses, like markets, they need certainty. So Trump can't be willy-nilly about this.

He can't say there's going to be a tariff on Monday and then on Friday he says, oh, I changed my mind because so-and-so country said they're going to import more chicken. That's not how it works. So you have to be very serious. and show these countries what's going to be permanent.

He can't say there's going to be a tariff on Monday and then on Friday he says, oh, I changed my mind because so-and-so country said they're going to import more chicken. That's not how it works. So you have to be very serious. and show these countries what's going to be permanent.

He can't say there's going to be a tariff on Monday and then on Friday he says, oh, I changed my mind because so-and-so country said they're going to import more chicken. That's not how it works. So you have to be very serious. and show these countries what's going to be permanent.

So let's pretend we're at Walmart. Everybody knows what Walmart is. And Walmart has to fill its warehouses with goods that you and I buy. And it's springtime. So of course, since the end of the holidays, they've been buying patio furniture and things like that. So they are calling up They're factories that they work with in South Asia, obviously, Southeast Asia and China.

So let's pretend we're at Walmart. Everybody knows what Walmart is. And Walmart has to fill its warehouses with goods that you and I buy. And it's springtime. So of course, since the end of the holidays, they've been buying patio furniture and things like that. So they are calling up They're factories that they work with in South Asia, obviously, Southeast Asia and China.