The best way to think about this and really making it simple is, these tariff schedules in Canada, Mexico, and now 13 other countries, is Trump examining all of them, Some of them were put in place right after the Second World War so there’s a lot of imbalance. If you look at aggregate of tariffs in the United States on inbound, they’re much less than what countries are charging on outbound into their countries of American goods. So the idea is, “Let’s go reciprocal. Why don’t you drop yours to zero, and I’ll talk to Trump about dropping his to zero and we’ll combine the economies.” That makes sense. I think this is one giant negotiation and we’re starting April 2nd.
