https://minutesof.com/on/tariffs/ Everyone on the record about tariffs: 82 verbatim quotes from 9 people, May 2024 to August 2026, in one chronology, each with a timestamp and a link to… en Sun, 30 Aug 2026 22:33:16 +0000 https://minutesof.com/q/aec4dd09-0b46-40fa-a73b-cfb2110bf9ca/ https://minutesof.com/q/aec4dd09-0b46-40fa-a73b-cfb2110bf9ca/ “My estimate is that increased tariffs have contributed about one half to three quarters of a percentage point to the current inflation rate.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/6c0a3b5f-7988-4bbb-9a1f-d7c9b95057e9/ https://minutesof.com/q/6c0a3b5f-7988-4bbb-9a1f-d7c9b95057e9/ “Given the lack of second-round effects and well-anchored inflation expectations, I expect the tariffs largely to have one-off effects on prices.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/4b4ab5ce-c32d-4b87-b492-66860f295bc3/ https://minutesof.com/q/4b4ab5ce-c32d-4b87-b492-66860f295bc3/ “Overall, I expect tariffs to boost inflation by about 1 percentage point over the second half of this year and the first part of next year.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/50ddf5ce-384a-4023-8e03-58a36ee64537/ https://minutesof.com/q/50ddf5ce-384a-4023-8e03-58a36ee64537/ “All in all, although we are only seeing relatively modest effects of tariffs in the hard aggregate data so far, I expect those effects to increase in coming months.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/15fc85f4-61bf-4fdb-abc1-7a335f5c3744/ https://minutesof.com/q/15fc85f4-61bf-4fdb-abc1-7a335f5c3744/ “All in all, I expect tariffs will boost overall prices by a total of between 1 and 1-1/2 percent, with these effects continuing through the first half of next year.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/99305e12-38f7-4d6f-b594-ac79528569f1/ https://minutesof.com/q/99305e12-38f7-4d6f-b594-ac79528569f1/ “Indeed, almost a third of manufacturers and nearly half of service firms reported fully passing along all tariff-related cost increases.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/837ef5a0-0036-4bc9-9c54-6210e20d630b/ https://minutesof.com/q/837ef5a0-0036-4bc9-9c54-6210e20d630b/ “There are no signs of significant second-round effects from tariffs spilling over to the rest of the economy,” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/51d8e4c7-436b-4456-94e4-6d1624100eaa/ https://minutesof.com/q/51d8e4c7-436b-4456-94e4-6d1624100eaa/ “My current estimate is that, to date, the increase in tariffs has contributed around one half to three quarters of a percentage point to the current inflation rate of about 3 percent.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/d12909d1-1c84-40d0-931f-0f5112b6b36c/ https://minutesof.com/q/d12909d1-1c84-40d0-931f-0f5112b6b36c/ “My expectation is that any new tariffs will primarily replace those that were curtailed or will soon expire, so we shouldn’t see a significant additional impulse on prices from this source going forward.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/b2d69e95-0be1-4f71-97e4-c010e514c80c/ https://minutesof.com/q/b2d69e95-0be1-4f71-97e4-c010e514c80c/ “But actual tariffs in effect in recent months were much smaller than that, as seen by the amount of tariff revenue collected each month.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/0f537a7f-4c94-4417-b868-8bba0a4f15bf/ https://minutesof.com/q/0f537a7f-4c94-4417-b868-8bba0a4f15bf/ “Combining enacted and announced tariffs, estimates of the resulting average effective tariff rate range somewhere between 15 and 20 percent.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/15b6687d-1518-4f75-910e-ebea710bd7ea/ https://minutesof.com/q/15b6687d-1518-4f75-910e-ebea710bd7ea/ “First, the tariffs have overwhelmingly been borne domestically—a New York Fed analysis estimates that most of the burden has fallen on U.S. firms and consumers.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/a4ac1c30-ba52-48a7-8ba8-493916521fed/ https://minutesof.com/q/a4ac1c30-ba52-48a7-8ba8-493916521fed/ “inflation is currently hovering around 3 percent, with tariffs contributing between one half and three quarters of a percentage point to this figure.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/9ba2a9b8-6509-4b97-a1cc-47b5d00a3d7e/ https://minutesof.com/q/9ba2a9b8-6509-4b97-a1cc-47b5d00a3d7e/ “The combination of higher tariffs and energy prices has contributed about a percentage point to that figure.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/c98817e3-78e3-49f2-8160-1f63083b1cbe/ https://minutesof.com/q/c98817e3-78e3-49f2-8160-1f63083b1cbe/ “The first is the effect of higher tariffs on imported goods. The second is supply chain disruptions and higher energy and commodity prices owing to the conflict in the Middle East.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/e2f7621e-8b46-43f9-bb0d-976d3c80820a/ https://minutesof.com/q/e2f7621e-8b46-43f9-bb0d-976d3c80820a/ “This elevation primarily reflects three drivers. The first is the effect of higher tariffs on imported goods.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/f93cc238-75ef-4af4-adb6-a23b43dffe9e/ https://minutesof.com/q/f93cc238-75ef-4af4-adb6-a23b43dffe9e/ “Longer-run inflation expectations have remained stable. And with the pullback in tariffs since early April, short- and medium-term inflation expectations have receded back close to their pre-pandemic averages.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/52a2efcc-891f-4590-8b5e-12261e6e8a13/ https://minutesof.com/q/52a2efcc-891f-4590-8b5e-12261e6e8a13/ “My current estimate is that the increase in tariffs to date has contributed around one half of a percentage point to the current inflation rate of about 2-3/4 percent.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/6eba7ac0-b2b0-46ae-ab84-66945748b9e5/ https://minutesof.com/q/6eba7ac0-b2b0-46ae-ab84-66945748b9e5/ “Based on granular analysis of the data in hand, we can draw a few conclusions. First, the tariffs have been overwhelmingly borne by domestic businesses and consumers, rather than by foreign producers.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/c99d1bc3-9b79-4e84-9d14-7aaac39bd9ae/ https://minutesof.com/q/c99d1bc3-9b79-4e84-9d14-7aaac39bd9ae/ “Looking through the downs and ups in the data, growth in the first half of the year was about 1-1/2 percent, well below last year’s 2-1/2 percent pace.” — John Williams, NY Fed speeches tariffs https://minutesof.com/q/0a841f52-da4a-4e97-830b-d41ab3256b03/ https://minutesof.com/q/0a841f52-da4a-4e97-830b-d41ab3256b03/ “I met with LeBlanc 10 times. I spoke to Carney twice. These were not raised. These were not part of it. This is different thing.” — Howard Lutnick, Forbes Breaking News Thu, 27 Aug 2026 20:30:25 +0000 tariffs https://minutesof.com/q/413e47e6-bb37-48b2-ab10-1f1678255f09/ https://minutesof.com/q/413e47e6-bb37-48b2-ab10-1f1678255f09/ “We had a deal. We shook hands. The president announced it. Right? Everybody was positive. Canada made the decision for political purposes.” — Howard Lutnick, Forbes Breaking News Thu, 27 Aug 2026 20:30:25 +0000 tariffs https://minutesof.com/q/cb7d748a-63cf-4fc4-98f9-2dc78dae8b36/ https://minutesof.com/q/cb7d748a-63cf-4fc4-98f9-2dc78dae8b36/ “I frankly thought we had a deal. I think that we should have a deal, but I think that we need to send a message loud and clear to the prime minister of Canada.” — JD Vance, Forbes Breaking News Tue, 25 Aug 2026 01:30:31 +0000 tariffs https://minutesof.com/q/c7da1eeb-46a1-478e-9734-77fffda2f207/ https://minutesof.com/q/c7da1eeb-46a1-478e-9734-77fffda2f207/ “We know that Canada allows itself to be used as a backdoor for Chinese goods. They treat Chinese goods more fairly than they do the goods that come for the people of Maine.” — JD Vance, Forbes Breaking News Tue, 25 Aug 2026 01:30:31 +0000 tariffs https://minutesof.com/q/5e009a0e-1a66-4452-be61-5b708b045528/ https://minutesof.com/q/5e009a0e-1a66-4452-be61-5b708b045528/ “Canada and China have been the two worst countries when it come to trade policy anywhere in the world.” — JD Vance, Forbes Breaking News Tue, 25 Aug 2026 01:30:31 +0000 tariffs https://minutesof.com/q/62be38c8-db05-4fd7-bb27-dea148c81acb/ https://minutesof.com/q/62be38c8-db05-4fd7-bb27-dea148c81acb/ “We want companies that buy American, that hire American, and that invest in American communities.” — JD Vance, Forbes Breaking News Tue, 25 Aug 2026 00:30:18 +0000 tariffs https://minutesof.com/q/cbcbe590-68c1-4676-a18c-11ebcd9ab8c6/ https://minutesof.com/q/cbcbe590-68c1-4676-a18c-11ebcd9ab8c6/ “prime minister Carney Carney rose to power on an anti American, anti Trump platform. I believe he was more than 20 points behind,” — Scott Bessent, Fox Business Mon, 24 Aug 2026 17:24:48 +0000 tariffs https://minutesof.com/q/5e2aeb6a-421d-4836-aa09-db8ddb90a315/ https://minutesof.com/q/5e2aeb6a-421d-4836-aa09-db8ddb90a315/ “And I think one has to act ask oneself, is he trying to benefit himself, the Liberal Party, or the Canadian people?” — Scott Bessent, Fox News Mon, 24 Aug 2026 17:24:46 +0000 tariffs https://minutesof.com/q/3e21b818-39be-4b4c-a51c-d9752f239acd/ https://minutesof.com/q/3e21b818-39be-4b4c-a51c-d9752f239acd/ “If you buy dairy, cheese, butter, milk that comes from Canada into Maine, you probably are buying a product that has 0% tariffs on it.” — JD Vance, Forbes Breaking News Mon, 24 Aug 2026 16:58:11 +0000 tariffs https://minutesof.com/q/3e21b818-39be-4b4c-a51c-d9752f239acd/ https://minutesof.com/q/3e21b818-39be-4b4c-a51c-d9752f239acd/ “If you buy dairy, cheese, butter, milk that comes from Canada into Maine, you probably are buying a product that has 0% tariffs on it.” — JD Vance, Forbes Breaking News Mon, 24 Aug 2026 16:58:11 +0000 tariffs https://minutesof.com/q/e1ab0a2f-8f73-4718-b380-52a2b56a134c/ https://minutesof.com/q/e1ab0a2f-8f73-4718-b380-52a2b56a134c/ “Now economists have measured the ways in which the opioid crisis exploded in the very locations where jobs were shipped overseas.” — JD Vance, Forbes Breaking News Fri, 21 Aug 2026 22:25:17 +0000 tariffs https://minutesof.com/q/f4997104-4796-4925-a295-53e903e8959d/ https://minutesof.com/q/f4997104-4796-4925-a295-53e903e8959d/ “We have seen trillions, with a t, trillions of new dollars of investment pour into The United States Of America to build new smelters, build new manufacturing facilities, build new mills, build new everything.” — JD Vance, Forbes Breaking News Fri, 21 Aug 2026 19:15:28 +0000 tariffs https://minutesof.com/q/5909e4de-7f20-4855-b8d6-245ed76295a3/ https://minutesof.com/q/5909e4de-7f20-4855-b8d6-245ed76295a3/ “But the using the three o ones, which have survived more than 5,000 suits, that we will get that tariff income back.” — Scott Bessent, Forbes Breaking News Thu, 20 Aug 2026 22:45:04 +0000 tariffs https://minutesof.com/q/3912a3df-fbf6-44ac-85c2-31bd17b03df7/ https://minutesof.com/q/3912a3df-fbf6-44ac-85c2-31bd17b03df7/ “The American people had that money. And if I hear another Democratic legislature say make the inane remark, the American people should get the money.” — Scott Bessent, Forbes Breaking News Thu, 20 Aug 2026 22:45:04 +0000 tariffs https://minutesof.com/q/29db4633-f50a-42c1-99f4-11746d861168/ https://minutesof.com/q/29db4633-f50a-42c1-99f4-11746d861168/ “Democratic attorney generals who filed a ridiculous lawsuit against this administration wanted the money to go back to the payer of record, So that is corporate welfare.” — Scott Bessent, Forbes Breaking News Thu, 20 Aug 2026 22:45:04 +0000 tariffs https://minutesof.com/q/8e9a84af-12ea-42d5-9a1a-c08dc006dc29/ https://minutesof.com/q/8e9a84af-12ea-42d5-9a1a-c08dc006dc29/ “I am confident that we will be back to a, the same level, if not higher, of tariff income for last year, and that is most of the increase in the deficit.” — Scott Bessent, Forbes Breaking News Thu, 20 Aug 2026 21:40:21 +0000 tariffs https://minutesof.com/q/8f78af91-f8b1-4ea9-9e16-cea83654ac98/ https://minutesof.com/q/8f78af91-f8b1-4ea9-9e16-cea83654ac98/ “I would expect that our 2026 tariff income is gonna be roughly what it was in '25, and we're gonna be able to keep that in terms of the budget consolidation.” — Scott Bessent, CNBC Television Thu, 20 Aug 2026 15:37:26 +0000 tariffs https://minutesof.com/q/a5f55eee-c586-4640-94e0-4f0fca881564/ https://minutesof.com/q/a5f55eee-c586-4640-94e0-4f0fca881564/ “We actually had a fiscal consolidation for the calendar year 2025. You know, we we had we were at about 5.7% of GDP.” — Scott Bessent, CNBC Television Thu, 20 Aug 2026 15:37:26 +0000 tariffs https://minutesof.com/q/74b1a2a9-f885-4fc0-8053-def3051eeeff/ https://minutesof.com/q/74b1a2a9-f885-4fc0-8053-def3051eeeff/ “April 1, President Trump announced, second, announced some massive tariffs, more much more than had been expected, and put them on, and then a week later paused them, and then put some more on and took some off, and and the the market had a negative reaction.” — Howard Marks, Wharton School Tue, 21 Apr 2026 16:17:40 +0000 tariffs https://minutesof.com/q/7cf16c90-29fb-4730-8e61-827c1b244cb7/ https://minutesof.com/q/7cf16c90-29fb-4730-8e61-827c1b244cb7/ “And China is, I just spent some time there in August is hitting on many, many cylinders.” — Bill Gurley, On with Kara Swisher Thu, 26 Feb 2026 15:18:55 +0000 tariffs https://minutesof.com/q/a424b6b3-be4e-4e33-881e-86d109c31028/ https://minutesof.com/q/a424b6b3-be4e-4e33-881e-86d109c31028/ “By April, we were tiny in terms of our overall exposure to the market because of our fears about I came on this program and talked about, you know, the Navarro nuclear option around tariffs.” — Brad Gerstner, CNBC Television Tue, 06 Jan 2026 18:25:41 +0000 tariffs https://minutesof.com/q/b0737eda-47d6-4150-a627-fe536a0c84a8/ https://minutesof.com/q/b0737eda-47d6-4150-a627-fe536a0c84a8/ “Remember the deep sea moment? Stock stock was down 25%. And then on the tariff moment, the stock got down to $92 a share. It's at a 180 today.” — Brad Gerstner, CNBC Television Wed, 15 Oct 2025 12:48:34 +0000 tariffs https://minutesof.com/q/c1b741c1-2bf8-4ae0-80e1-7b772c56dccd/ https://minutesof.com/q/c1b741c1-2bf8-4ae0-80e1-7b772c56dccd/ “we knew that 15% was the maximizing number, where you do the most trade with Europe, and that's the highest price you could charge without denting that trade.” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/b1eb36c0-1523-41e1-95f7-f99bd12585b4/ https://minutesof.com/q/b1eb36c0-1523-41e1-95f7-f99bd12585b4/ “So there's a price where so we knew that 15% was the maximizing number, where you do the most trade with Europe,” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/0901248f-a304-41dc-a170-2bc38850749f/ https://minutesof.com/q/0901248f-a304-41dc-a170-2bc38850749f/ “Yes. Right? Because everyone, otherwise, you just raise your price forever. So there's a price where so we knew that 15% was the maximizing number,” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/33b97d06-f9c9-4649-a290-b1b1384e7469/ https://minutesof.com/q/33b97d06-f9c9-4649-a290-b1b1384e7469/ “It has BIS, right? BIS, the Bureau of Industry and Security, Export controls, two thirty two tariffs, that's the auto tariffs, the pharmaceutical tariffs, the semiconductor tariffs,” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/33b97d06-f9c9-4649-a290-b1b1384e7469/ https://minutesof.com/q/33b97d06-f9c9-4649-a290-b1b1384e7469/ “It has BIS, right? BIS, the Bureau of Industry and Security, Export controls, two thirty two tariffs, that's the auto tariffs, the pharmaceutical tariffs, the semiconductor tariffs,” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/a999cb53-d4a2-4536-b747-e778209c625e/ https://minutesof.com/q/a999cb53-d4a2-4536-b747-e778209c625e/ “the Commerce Department has the most tools, right? It has BIS, right? BIS, the Bureau of Industry and Security, Export controls, two thirty two tariffs, that's the auto tariffs, the pharmaceutical tariffs, the semiconductor tariffs, All steel and aluminum, these, and these are not part of the Supreme Court case. They are not. These are durable, defensible.” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/a999cb53-d4a2-4536-b747-e778209c625e/ https://minutesof.com/q/a999cb53-d4a2-4536-b747-e778209c625e/ “the Commerce Department has the most tools, right? It has BIS, right? BIS, the Bureau of Industry and Security, Export controls, two thirty two tariffs, that's the auto tariffs, the pharmaceutical tariffs, the semiconductor tariffs, All steel and aluminum, these, and these are not part of the Supreme Court case. They are not. These are durable, defensible.” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/9a4f55fe-e5d5-4e59-a65b-62ad3a01a055/ https://minutesof.com/q/9a4f55fe-e5d5-4e59-a65b-62ad3a01a055/ “Think about January 20, he walks into the Oval Office, and by April, full on tariff policy is gone.” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/14dfd52a-ffc0-4b25-b2f1-4997e199ca3e/ https://minutesof.com/q/14dfd52a-ffc0-4b25-b2f1-4997e199ca3e/ “We designed the tariff policy together, and we talked Did you about the believe in tariffs? Security I didn't really understand tariffs before I met Donald Trump.” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/14dfd52a-ffc0-4b25-b2f1-4997e199ca3e/ https://minutesof.com/q/14dfd52a-ffc0-4b25-b2f1-4997e199ca3e/ “We designed the tariff policy together, and we talked Did you about the believe in tariffs? Security I didn't really understand tariffs before I met Donald Trump.” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/178d3a7d-a5fc-42a1-a550-f83e28228e2b/ https://minutesof.com/q/178d3a7d-a5fc-42a1-a550-f83e28228e2b/ “We talked it through, he taught me, I tell you what, he taught me everything about tariffs. We designed the tariff policy together, and we talked Did you about the believe in tariffs?” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/178d3a7d-a5fc-42a1-a550-f83e28228e2b/ https://minutesof.com/q/178d3a7d-a5fc-42a1-a550-f83e28228e2b/ “We talked it through, he taught me, I tell you what, he taught me everything about tariffs. We designed the tariff policy together, and we talked Did you about the believe in tariffs?” — Howard Lutnick, Pod Force One with Miranda Devine Wed, 01 Oct 2025 11:00:06 +0000 tariffs https://minutesof.com/q/411063b5-256e-4121-8b1a-ca67ceaf5cf6/ https://minutesof.com/q/411063b5-256e-4121-8b1a-ca67ceaf5cf6/ “I don't love the the 25% or the 50% tariffs. I think they're a little bit destructive.” — David Tepper, CNBC Television Thu, 18 Sep 2025 13:39:12 +0000 tariffs https://minutesof.com/q/fa49d30d-9c9f-4a94-9987-e86b840b383d/ https://minutesof.com/q/fa49d30d-9c9f-4a94-9987-e86b840b383d/ “Okay? I just told you that last year tariffs were 77,000,000,000. So that's still a four x increase in tariff revenue,” — Brad Gerstner, BG2 Pod Thu, 22 May 2025 16:23:05 +0000 tariffs https://minutesof.com/q/a32a7376-d0cf-4c15-9271-1e6b621f50bc/ https://minutesof.com/q/a32a7376-d0cf-4c15-9271-1e6b621f50bc/ “So remember, I came on here on liberation day, and I held up the list of tariffs that that that were on the poster board that Trump showed.” — Brad Gerstner, BG2 Pod Thu, 22 May 2025 16:23:05 +0000 tariffs https://minutesof.com/q/dc507453-8c81-4a3e-a0f2-09a121b99672/ https://minutesof.com/q/dc507453-8c81-4a3e-a0f2-09a121b99672/ “There's gonna be a lot of alpha. This is a stock pickers market. This is not a market just to own the index and go to sleep.” — Brad Gerstner, CNBC Television Mon, 05 May 2025 18:29:26 +0000 tariffs https://minutesof.com/q/f57749b0-fa11-40d1-8f62-c2c1b0a51735/ https://minutesof.com/q/f57749b0-fa11-40d1-8f62-c2c1b0a51735/ “Longer term, the way we've done this, we have done damage to The US brand. The brand for stability, for predictability, for regularity. That will eventually have some cost to us.” — Marc Rowan, Bloomberg Podcasts Mon, 05 May 2025 14:48:44 +0000 tariffs https://minutesof.com/q/f5ff9c6e-471c-49ff-b4eb-6fded846aab4/ https://minutesof.com/q/f5ff9c6e-471c-49ff-b4eb-6fded846aab4/ “We likely will cause two quarters of negative growth if we, in fact, don't resolve the uncertainty. So until we have resolution of what the rules of the game are, it's gonna be slow.” — Marc Rowan, Bloomberg Podcasts Mon, 05 May 2025 14:48:44 +0000 tariffs https://minutesof.com/q/e6cd7a84-481d-4818-829b-b3e3e631a5c6/ https://minutesof.com/q/e6cd7a84-481d-4818-829b-b3e3e631a5c6/ “One of the leading families said to me, if it takes tariffs to make Mexico great again, so be it. Imagine an administration that stood up” — Marc Rowan, CNBC Television Wed, 09 Apr 2025 13:34:06 +0000 tariffs https://minutesof.com/q/0befa989-ab2b-49ff-a992-3ab60fa3a5f0/ https://minutesof.com/q/0befa989-ab2b-49ff-a992-3ab60fa3a5f0/ “The US is the second freest trading market in the world financially after Japan and is the freest trading market in the world considering non tariff barriers. Why is that written in stone?” — Marc Rowan, CNBC Television Wed, 09 Apr 2025 13:34:06 +0000 tariffs https://minutesof.com/q/176be48a-c6cd-42a2-af84-70d1e689481d/ https://minutesof.com/q/176be48a-c6cd-42a2-af84-70d1e689481d/ “That's not a gamble I would have taken from the position we had. Having said that, short term uncertainty, that's the risk. Longer term brand, that's the risk,” — Marc Rowan, CNBC Television Wed, 09 Apr 2025 13:27:57 +0000 tariffs https://minutesof.com/q/fa97d25a-9c7b-4099-bf94-76e23c878255/ https://minutesof.com/q/fa97d25a-9c7b-4099-bf94-76e23c878255/ “$2,000,000,000,000 of committed domestic production coming back because of his tariffs. TMC saying, I'll build, you know, semiconductor wafers.” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 tariffs https://minutesof.com/q/fa97d25a-9c7b-4099-bf94-76e23c878255/ https://minutesof.com/q/fa97d25a-9c7b-4099-bf94-76e23c878255/ “$2,000,000,000,000 of committed domestic production coming back because of his tariffs. TMC saying, I'll build, you know, semiconductor wafers.” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 tariffs https://minutesof.com/q/cd9c6b29-75ef-441b-99e5-26a5dda1f7d0/ https://minutesof.com/q/cd9c6b29-75ef-441b-99e5-26a5dda1f7d0/ “You know who has the highest tariffs against The United States Of America? The number one country with the highest tariffs against The United States Of America? Kuwait.” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 tariffs https://minutesof.com/q/cd9c6b29-75ef-441b-99e5-26a5dda1f7d0/ https://minutesof.com/q/cd9c6b29-75ef-441b-99e5-26a5dda1f7d0/ “You know who has the highest tariffs against The United States Of America? The number one country with the highest tariffs against The United States Of America? Kuwait.” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 tariffs https://minutesof.com/q/2af35f5e-7064-4e73-aca6-21bb59d8bd4d/ https://minutesof.com/q/2af35f5e-7064-4e73-aca6-21bb59d8bd4d/ “You know who has the highest tariffs against The United States Of America? The number one country with the highest tariffs against The United States Of America? Kuwait. And you think, what? That's insane.” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 tariffs https://minutesof.com/q/2af35f5e-7064-4e73-aca6-21bb59d8bd4d/ https://minutesof.com/q/2af35f5e-7064-4e73-aca6-21bb59d8bd4d/ “You know who has the highest tariffs against The United States Of America? The number one country with the highest tariffs against The United States Of America? Kuwait. And you think, what? That's insane.” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 tariffs https://minutesof.com/q/3947e345-55b3-483d-875d-069d4550ebd8/ https://minutesof.com/q/3947e345-55b3-483d-875d-069d4550ebd8/ “No income tax till 1913. None. Greatest, richest country in the world. So when Donald Trump says, Make America great again, what he's talking about is from 1880 to 1913,” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 tariffs https://minutesof.com/q/bafc0c42-7dd3-4e71-82f8-84a79210e11d/ https://minutesof.com/q/bafc0c42-7dd3-4e71-82f8-84a79210e11d/ “I think we're going cut a trillion dollars a year in expense, and then I think we can, through tariffs and other means, we're going to get revenues of a trillion dollars.” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 tariffs https://minutesof.com/q/bafc0c42-7dd3-4e71-82f8-84a79210e11d/ https://minutesof.com/q/bafc0c42-7dd3-4e71-82f8-84a79210e11d/ “I think we're going cut a trillion dollars a year in expense, and then I think we can, through tariffs and other means, we're going to get revenues of a trillion dollars.” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 tariffs https://minutesof.com/q/0611c7f4-6769-4eb4-8594-5873c287a92a/ https://minutesof.com/q/0611c7f4-6769-4eb4-8594-5873c287a92a/ “If you look at tariffs, they're likely to impose, we currently generate about $50,000,000,000 in tariff revenue. The president is targeting 500,000,000,000, so a 10x increase in tariff revenue.” — Brad Gerstner, Upfront Ventures Thu, 13 Mar 2025 21:33:08 +0000 tariffs https://minutesof.com/q/1d421ebe-4a6e-4f86-a6f4-41fdeff1335a/ https://minutesof.com/q/1d421ebe-4a6e-4f86-a6f4-41fdeff1335a/ “But that's why I think that the speaker and the White House are moving at lightning speed. They know this can't drift into the summer or fall, or you run the risk of starting 2026.” — Brad Gerstner, CNBC Television Wed, 12 Mar 2025 13:00:04 +0000 tariffs https://minutesof.com/q/f61d9902-5463-482d-8cfa-de4dd5d7224d/ https://minutesof.com/q/f61d9902-5463-482d-8cfa-de4dd5d7224d/ “They gotta make real life decisions about what do I do with prices, what do I do with my supply chain, etcetera.” — Brad Gerstner, CNBC Television Wed, 12 Mar 2025 13:00:04 +0000 tariffs https://minutesof.com/q/73e301eb-8603-4958-86e4-fc0a8bda97c7/ https://minutesof.com/q/73e301eb-8603-4958-86e4-fc0a8bda97c7/ “Each trillion of Donald Trump's investment that he's bringing back with these tariffs is 1% of GDP.” — Howard Lutnick, CBS Evening News Wed, 12 Mar 2025 00:26:30 +0000 tariffs https://minutesof.com/q/73e301eb-8603-4958-86e4-fc0a8bda97c7/ https://minutesof.com/q/73e301eb-8603-4958-86e4-fc0a8bda97c7/ “Each trillion of Donald Trump's investment that he's bringing back with these tariffs is 1% of GDP.” — Howard Lutnick, CBS Evening News Wed, 12 Mar 2025 00:26:30 +0000 tariffs https://minutesof.com/q/18c88f12-a406-41c0-bea7-159c82541b17/ https://minutesof.com/q/18c88f12-a406-41c0-bea7-159c82541b17/ “But remember, the tariffs were about fentanyl deaths in America. I mean, the president is not gonna allow Americans, about seventy five thousand, autopsy deaths in America.” — Howard Lutnick, CBS Evening News Wed, 12 Mar 2025 00:26:30 +0000 tariffs https://minutesof.com/q/18c88f12-a406-41c0-bea7-159c82541b17/ https://minutesof.com/q/18c88f12-a406-41c0-bea7-159c82541b17/ “But remember, the tariffs were about fentanyl deaths in America. I mean, the president is not gonna allow Americans, about seventy five thousand, autopsy deaths in America.” — Howard Lutnick, CBS Evening News Wed, 12 Mar 2025 00:26:30 +0000 tariffs https://minutesof.com/q/a41d2bdb-ec56-4c06-8ec4-a0d42f857dd7/ https://minutesof.com/q/a41d2bdb-ec56-4c06-8ec4-a0d42f857dd7/ “So prior to 1910, which is when we got the income tax, right, the vast majority,” — Brad Gerstner, BG2 Pod Wed, 05 Feb 2025 23:13:28 +0000 tariffs https://minutesof.com/q/b8bb5ef4-06a3-400f-84b5-a58dfba7c7fc/ https://minutesof.com/q/b8bb5ef4-06a3-400f-84b5-a58dfba7c7fc/ “His nominee to be treasury secretary, Scott Bessent, has said, quote, the tariff gun will be loaded but rarely discharged, end quote.” — Brad Gerstner, BG2 Pod Wed, 27 Nov 2024 19:11:58 +0000 tariffs https://minutesof.com/q/934b2e5a-39a7-47e5-85fa-dae362b0bd56/ https://minutesof.com/q/934b2e5a-39a7-47e5-85fa-dae362b0bd56/ “Like, this is just, you know, deglobalization, highly inflationary, and will make our companies less competitive, not more.” — Bill Gurley, BG2 Pod Thu, 16 May 2024 19:31:21 +0000 tariffs