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Otherwise, China is able to sort of climb out the window, which is, I think, what they've done on everything from Nvidia chips to TikTok to their actual tariff rate, which I believe is now lower than the tariff rate we have against Canada.

Gavin Baker support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E238 · 2025-08-09 ▶ 1:22:35

I would just say he showed his hand in April. He looked into the abyss and if it is clearly not working, he showed that he will change it.

Jason support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E237 · 2025-08-01 ▶ 1:10:13

the shock and bore playbook is basically, Trump says something completely outrageous, shocking, everybody goes crazy, the media loses their mind, business leaders lose their mind. ... Trump comes in, sees all the stuff, and then he starts making these micro tweaks. So it's on the finish line, it's in the red zone, five-yard line, Trump comes in, and then he sticks it to them again with three or four extra asks, and then they wrap it up, and that this is becoming really effective.

Sacks support ×1 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E237 · 2025-08-01 ▶ 1:15:20

we said at the time that all of that was happening and Larry Summers was on the pod preaching doom, is that all of that was an opening bid. It was all the start to a negotiation. And we had to see where it ended up and that the administration still had to stick the landing. But I got to say based on EU, Japan and South Korea, this is looking really good right now.

Jameson is back now as the US Trade Representative and I'm very optimistic that we're going to see more trade flourish. President Trump knows how to do this. I've been with him in the trade negotiations. He knows exactly how to navigate this.

Gavin Baker support ×1 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E236 · 2025-07-19 ▶ 3:06

I would say for everyone but China. You know, it is, and you know, we're, we've clearly reached some sort of deal with China, you know, rare earths for H20s and MI308Xs.

Jason support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E236 · 2025-07-19 ▶ 2:44

And ultimately, don't we look at the tariff situation and say, despite the shock and awe of the opening salvo, it's quite a boring position now. It just seems to be reciprocity and reasonable reciprocity at that.

Jason support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E233 · 2025-06-28 ▶ 1:26:23

He starts with a bang and then he falls back to a reasonable position that the markets can digest. So you just have to take a 90 day view of everything he's doing and then you'll be fine.

Sacks support ×1 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E233 · 2025-06-28 ▶ 1:25:06

any time that the media tries to sow doom or spread panic about the Trump administration's policies, that's a good time to buy.

Jason support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E231 · 2025-06-13 ▶ 51:13

I'm not going to use the term taco, but it does seem like we've shifted from shock and awe to maybe, like, kind of bore. It's kind of boring, like, and that does seem to be Trump's approach, right, in negotiations. Big bang and then fall back to a reasonable position. So I think we're in the reasonable position phase.

the 10% tariff rate that we still have on the rest of the world is more than quintuple what it was at the very beginning of this process. The average tariff rate, not to use a number David doesn't like, but the average tariff rate right now is higher than it's been any time since the 1930s.

Chamath support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E228 · 2025-05-17 ▶ 39:25

The tariffs was a way of ripping the band-aid of all this globalist free trade nonsense. And now we need to reset this in a methodical, calm way.

Jason support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E228 · 2025-05-17 ▶ 36:00

And now maybe, as I think a lot of people are predicted, he found an exit ramp. Maybe that was the plan all along.

Friedberg support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E228 · 2025-05-17 ▶ 37:20

So to create maximal leverage and accelerate outcomes, it seems like a lot of this trade hype got everyone to the negotiating table. Now the hard work is being done to figure out the details of these deals.

Friedberg oppose ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E227 · 2025-05-09 ▶ 20:40

what we're seeing is that for one of our friendliest allies, for one of our best trade partners, we are keeping in place a 10 percent tariff rate. So if that holds with other trade deals, and that becomes kind of a standard across the board as they get more of these trade deals done

I feel now there's a chance when you look at the next year or two, at some point tariffs goes away. Trump makes this big deal with deregulation, the tax breaks sort of cancel out the tariffs.

I don't think that'll happen. I don't think that'll happen. I think we will end up in like I'm with Ryan, like we will end up in a good spot because we'll iterate through this. My only point is there's an alternative path that could have occurred.

Sacks support ×1 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E226 · 2025-05-02 ▶ 56:26

President Trump shifted the conversation away from this globalist consensus and he's now redefined the debate but it is now up to Scott Besson, the Treasury Secretary, Howard Ludnick, the Commerce Secretary, Jameson Greer, the US Trade Rep and so on, the Trump trade team to now negotiate these deals, stick the landing and I agree with you to the extent that the sooner that is done the better because it is good to provide business certainty.

Chamath support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E226 · 2025-05-02 ▶ 1:01:53

If we're sitting here in nine months and you're saying this and there are no deals, I would say that you're right. What Howard Lutnick said last week, and again, we may have all gotten caught up in the knuckle tattoos and we missed this, but he was very clear. We have a country, a deal is already done. We're convening parliament. It's going to be the first of many. So for all we know, there's like 30 deals that are waiting in the wings, and the first one will set the tone.

Yeah, I mean, the bleak scenario, which is, I don't really think it's going to happen. I think that the administration doesn't want this to be their legacy, that they created a policy that just kind of tanked small business and supply chain. So I don't actually think this is going to happen.

Chamath support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E225 · 2025-04-26 ▶ 8:31

we've gone from minus two to maybe plus one, and China's gone from plus four billion a day to maybe zero or minus one. And I think that's what instills the leverage that is required to get the deal done.

Friedberg support ×2 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E225 · 2025-04-26 ▶ 6:58

set your anchor point as far away as you possibly can, if you want to get maximal leverage in a negotiation. I don't know what's farther away than 145% tariff. So it's clearly a point, as Sacks said, for negotiating to a deal that seems like one that would have been impossible or implausible if you started from a 0% tariff beginning point in negotiating.

Sacks support ×3 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E225 · 2025-04-26 ▶ 6:29

part of the art of the deal here, so to speak, is an opening salvo, which is bold. And some people would say maybe it's too extreme, but it's basically an opening bid to shift the conversation completely. That would create tremendous leverage to get deals done. And isn't that exactly what's happened? Isn't that the way it's played out?

And what I would be told, like the counter argument, was, oh, you libs, you always take him literally when you should be taking him seriously. I had Vivek Ramaswamy on my show. He said, he's not going to do that. That's just a negotiating ploy. And this was the common line from Trump allies on Wall Street. And then I watched as he began doing not just that, but layering a series of them bilateral tariffs on top of that plan.

Sacks support ×1 ▲ on 🏛️ Trump's tariff threats are negotiating leverage and get settled down E223 · 2025-04-11 ▶ 11:23

And now basically every country in the world, except for China, is coming to Washington seeking to negotiate a new trade deal for the United States on better terms for the US.