Yahoo Finance

before we let you go we always like to get a a sharp take uh from our guests and i want to put this to you because uh i think you're economically might could help the average human understand there was a note floating around last week from uh tech analyst over at wedbush Dan Ives noting that because of tariffs we might see 30 500 iPhones and i look at apple Judy and they make all their stuff in china like what happens to these products that we all rely on? uh it's not like china it's not like apple can spin up an iphone plant overnight

I thought I thought their Tim Cook did indicate that they would be producing more in the United States. um I think that we can I why wouldn't we be able to be as productive and produce as good a product and where there's demand I mean if you start getting out of the price market for consumers uh that's not how companies operate they want to have products that are going to sell and I think if if the if the tariffs are causing them to seek production facilities elsewhere and to have a different supply chain for the components that are part of their final product I think businesses will be pretty resourceful that's why there's a danger in saying oh well it was all a mistake and we're going to retract this position on tariffs I hope it's not a permanent feature, but I think that it's an important step to getting other countries to recognize that the status quo was not working for us and if it can end up going toward zero tariffs if you can carry out the other part of that on the level monetary playing field when people talk about the 1930s and Smoot Hawley what they leave out is that was the era in the 30s of beggar thy neighbor meaning countries depreciated their currencies relative to ours relative to each other tariffs were the way they tried to compensate for the unfair trade advantage so I think we have to keep going I hope it won't be more painful, but I think we are on the track that we are required to pursue.