00:00The sectors that will be hurt, I really don't see that many. I have this debate all the time,
00:07by the way. I talk to a lot of people about it, and they say to me, Jim, these tariffs,
00:11we understand why they might be good for the United States, but they're going to be bad for
00:14the rest of the world. And I say, too bad. I mean, Xi Jinping, if he wants to make China great again,
00:21then get started. But don't blame the United States. So this is very bullish for the United
00:25States. But it is bad for Brazil. I'm surprised we haven't heard more about Vietnam. If you look
00:32at the US bilateral trade deficits, one of the biggest in the world is with Vietnam. China
00:37obviously is the number one culprit. So this is going to hurt China. It's probably going to slow
00:42down Vietnam, may hurt India, Malaysia, and some other trading partners, Canada,
00:49but it's very good for the United States.
