Will Saletan and Scott Lincicome: A Crime Boss Has Taken Over

3888.727 - 3915.043 Scott Lincecum

By the end of it, you actually – because your tariffs apply – this is, sorry, really wonky – to the gross value of the product. That means – They don't apply to just the value you've added to a product in a certain place. So let's go back to our guacamole example. Even though the guacamole part of it is only half of the – avocado is half of the cost. The guacamole is the half of the cost.