In-town pool note 7: gather for M1, more quotes from gaggle

Pool is now gathered for M1 departure. Meanwhile, more quotes from the gaggle, transcribed, courtesy of Haley Bull from Scripps:

(Q:on Apple, you said this morning that if they don't think their iPhones in the US are going to hit them with a 25% tariff, do you have the power to tariff one single company? And why would you want to burnden an American company in

that way?

“ It would be more. It would be also Samsung and anybody that makes that product. Otherwise it wouldn't be fair. So anybody that makes that product, and that'll start on, I guess the end of June it’llcome out. I think we have that appropriately done by the end of June. So if they make that product now, again, when they build their plant here, there's no tariff, so they're going to be building plants here. But I had an understanding with Tim that he wouldn't be doing this. He said he's going to India to build plants. I said, that's okay to go to India, but you're not going to sell into here without tariffs, and that's the way it is.”

(Q: what makes you confident apple can build in US at a price that American consumers are willing to pay?)

“Oh they can, no they can. A lot of it, a lot of it’s so computerized now. These plants are amazing, if you look at them, but they can do that. And actually, as you know, Apple is coming in with $500 billion so are the chip companies. We have all of the chip companies coming in the biggest 500 billion, 200 billion, $250 billion in spending. But w’ere talking about the iPhone, you know, the iPhone, if they're going to sell it in America I want it to be built in the United States.”

(Q: when you say that Walmart should eat the cost of the tariffs is that an acknowledgement that is US companies that bear the brunt of tariffs not foreign countries?)

No no no. sometimes the country will eat it sometimes Walmart will eat. And sometimes there’ll be something to pay something extra. I’ve always been a fan and I’ve always believed if you look, take a look at what I did four years ago. We had the greatest economy and we had no inflation remember that? We had no inflation. And yet we had hundreds of billions of dollars that were put on china yet we had no inflation we had no big cost differential. Often times and I don’t like it when a department store, because they’ll do a lot of business but you know they announce record profits and everything else they have to take out some of their profit make a little bit less money but I don’t want the consumer, I don’t want the consumer to pay.

(Q: why impose tariffs that you know are hurting American businesses?)

They’re not hurting they’re helping because they're creating jobs in America, we’re creating tremendous amounts of jobs in America like you've never seen. We're having investment in America. We're not getting ripped off by every country in the world. We've been ripped off by every country in the world. They're making their product. They sell it. They don't give our people the jobs they make em with other countries, jobs, and we will have something that nobody will ever see again. I think, I think we have a potential to do numbers that we never envisioned in the wildest year. Look at, look at what's happening, $10 to $12 trillion in literally a couple of months. It's not nothing like that's ever happened. It's a very special we're doing a very special thing. We want if they're going to sell it here, generally speaking, not for all products. There's some products we don't want to make, and frankly, we're much better off getting getting them elsewhere. But for certain products, we want cars,

we want to make, cars we don't want to have. And I like Canada very much, but we don't want to have Canada making our cars we want to make our cars.

Linda Feldmann

Washington Bureau Chief

The Christian Science Monitor

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