tariffs

“And pulling up the, these tariffs to help protect our companies won't make them stronger. It'll make them weaker by not exposing them to the reality on the field.”

“And so I think the right way to look at this tariffs debate is that, you know, it is a starting point. He's going to raise these tariffs in order to achieve national objectives. And then he's going to be willing to negotiate away from them, but only if he achi…”

“No doubt, but my point is that even with that lens, you have to think about the dynamics around the globe and pulling up the wall and trying to get people to make a 40 dollar microwave in America is gonna fail. Like, you're just gonna end up with more expensiv…”

“Last year we had fifty six billion dollars of tariffs imposed on other countries. That's the amount of revenue we collected from tariffs.”

“And that's why I think you're not going to see tremendous flows into the market over the course of the next 60 days, because I think a lot of market participants are going to wait, right?”

“I think we're going to land the plane here closer to three or four hundred billion in tariffs, not six or 700, and certainly not a trillion in tariffs.”

“There's no, no way that lands, I think at 54%. That's the headline tariffs.”

“So we're gonna hear all these ad hoc negotiations going on, some of which I'm sure, like Vietnam, he'll declare victory on even before we get to April ninth, because they've already capitulated on a bunch of tariffs.”

“Tariffs lead to increased inflation. They lead to reduced innovation. Putting a protective blanket over our companies in our country lead to them being less globally competitive. And then fourth, which you mentioned, you know, it leads to retaliation.”

“But any one of these decisions, and certainly the combination of them, could lead to escalation. It could go as far as leading to a hot war.”

“What doesn't make a lot of sense to me is that we launched what was kind of this nuclear style tariff war against every country on the planet. And so, just the sequencing of events here, I think is a bit confusing. It should not be this McKinley-style multi-tr…”

“It is the most important thing and it is impacting everything that we're looking at both on the public and on the venture side of the business today.”

“So I think what the market was saying is, okay, three hundred billion, half of that will show up as increased prices and taxes on consumers and on businesses. Half of it will get eaten by the producer of the product in China, in India, wherever, you know, that…”

“That's what sent the markets down 20%, because we knew two trillion dollars in tariffs is probably a 600 to 700 basis point headwind to GDP.”

“And if you put China at 30% on strategic at 15% on non-strategic and the rest of the world roughly at 10%, you come up with about three hundred billion in tariffs, okay? I just told you that last year tariffs were seventy seven billion, so that's still a forex…”

“I like to say that tokens trump tariffs.”