00:00 Speaker A
It’s really the Taiwan tariffs, I would imagine, that are the biggest deal for for the likes of Nvidia. So what if the tariff stays in place on Taiwan, like what are we talking about?
00:10 Speaker B
And you guys see the semi piece in terms of like what they’re actually, you know, tariffed at. And then
00:16 Speaker A
And then if there’s also if there’s the sectoral
00:18 Speaker B
The the sectoral tariffs. And then the reality is, is that it’s about growth. See, that that that is the biggest thing here. It’s not even just the cost and the impact there, it’s growth. It’s company X being like, hey, I was going to spend on these projects, let me slow down till we see what’s happening in our business. And that’s the problem. Self-fulfilling prophecy as this as this comes out. And I just think it continues to be the most befuddling absurd thing that I’ve seen, self-inflicted, economic Armageddon. And I I don’t think there’s a debate.
00:46 Speaker A
These tech CEOs who are probably there on inauguration day. Now, the MAGA 7 losing a trillion dollars in one day. In your conversations with them, do you think that they regret that support?
00:56 Speaker B
Look, I think they I think in Silicon Valley they are dystopian. I mean, it was like they’re waking up being like it feels like a altered universe in terms of the way that Trump has navigated this and it’s reciprocal tariffs. You knew it was on the table, 10, 15%, play games, poker, fine. But to actually try to build this chart from like the Goodwill Hunting chalkboard MIT lab and say it’s some fancy chart. It’s basically it’s essentially a trade deficit converted into some weird tariff chart. It’s not real tariffs. So that’s part of the problem is that how that that’s like me saying like I play in the NBA. And my name and my name and my name’s Jim. So how do you even know it’s where do you even start with the conversation?
