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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.

But in general, we haven't seen what Jim Cramer and Larry Summers predicted, and that itself is amazing. ... And so what if, like, you can have a kind of mixed approach with some trade barriers that are tailored to your benefit, and that sort of works in a longitudinal way. If that's true, holy smokes. And it looks like it might be true.

Sacks oppose ×1 ▼ on 🌍 A second-term tariff-plus-tax-cut policy mix stokes stagflation E231 · 2025-06-13 ▶ 48:08

So, growth is back, inflation is low. And what you saw over the last few months was the elites in both parties, I'll give you that, they were scaremongering on tariffs and predicting doom. And they've been proven to be out of touch with popular sentiment and reality.

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.

That retailer told us that they think only about 50% of the tariff gets passed in pricing. So I sort of agree with you. There is going to be a net net positive, and that retailers have way to work things around and stuff like that.

Friedberg oppose ×2 ▼ on 🌍 A second-term tariff-plus-tax-cut policy mix stokes stagflation E227 · 2025-05-09 ▶ 20:40

there is now maybe a pretty sizable long-term revenue stream for the federal government that didn't exist before, which means that there's room to cut taxes

Jason support ×1 ▼ on 🌍 A second-term tariff-plus-tax-cut policy mix stokes stagflation E226 · 2025-05-02 ▶ 1:02:48

It could have been done in a more thoughtful, well-communicated pattern instead of, hey, let's do barrel rolls with the airplane. I don't disagree with you, Aaron. And I can tell you we've already started to see layoffs.

Sacks oppose ×1 ▼ on 🌍 A second-term tariff-plus-tax-cut policy mix stokes stagflation E226 · 2025-05-02 ▶ 56:26

But I'll just recall that Larry Summers' main argument for why this would not work out is that the market was down. Do you remember that? That was his evidence that this wasn't going to work. It was all about the market now pricing in lower expectations. Well, guess what? The market is actually up since Liberation Day on April 2nd.

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.