Latest / I Hate Talking / Instrumental Tariffs
Transcript
- 0:29I Hate Talking: Welcome to episode 57 of I Hate Talking.
- 0:33I Hate Talking: Hi everyone.
- 0:34I Hate Talking: So I don't think we have any announcements this episode.
- 0:37I Hate Talking: Mm.
- 0:38I Hate Talking: So I suppose we will jump right into our word or phrase of the episode.
- 0:44I Hate Talking: And this is a word that has come up numerous times in conversation over the last few weeks.
- 0:51I Hate Talking: So not a listener requested word or phrase at this point in time.
- 0:56I Hate Talking: But one that has come up in our own personal conversations.
- 1:00I Hate Talking: Yes.
- 1:02I Hate Talking: It's on the tip of my tongue.
- 1:05I Hate Talking: I know.
- 1:05I Hate Talking: I don't remember it though.
- 1:07I Hate Talking: Instrumental instrumental.
- 1:11I Hate Talking: Yes, OK.
- 1:12I Hate Talking: So this has been used multiple times lately in different conversations and I brought it to you like, this is weird, right?
- 1:21I Hate Talking: People don't usually use this word.
- 1:23I Hate Talking: It's not a common vernacular word, just in daily conversation.
- 1:28I Hate Talking: And that's when you were like, let's talk about it later.
- 1:31I Hate Talking: Correct.
- 1:32I Hate Talking: So I don't know if it is or is not an often used word, but like we said, it has come up in our own personal conversations a number of times over the last few weeks.
- 1:44I Hate Talking: So that's why we decided to talk about it.
- 1:46I Hate Talking: Right, but we can find out, right?
- 1:48I Hate Talking: You have that nifty app where you can see how often words are used.
- 1:52I Hate Talking: Correct, that is the Google Ngram viewer that we can take a look at.
- 1:57I Hate Talking: So we'll actually start with the etymology first before we get into the actual definition and the usage over time, and this particular word comes from the Latin exclusively and it comes from the Latin word instru ear and that means literally construct or equip.
- 2:24I Hate Talking: And then that became used as the another Latin word, instrumentum, and then that was meaning an implement or equipment and then in the Middle English came to be used as instrument and then obviously instrumental is just the modification of that root word instrument in the English.
- 2:49I Hate Talking: So does have certain things with equip and implement are some of the literal definitions of the word in the Latin.
- 3:01I Hate Talking: OK, but would it be the same word as you're listing all the parts of it, instrumental, is it the same thing as instrument?
- 3:11I Hate Talking: Like, I play an instrument?
- 3:13I Hate Talking: It is, so when someone or something is instrumental, that means that it is something that can do something that it actually is sort of the impetus behind something happening.
- 3:33I Hate Talking: So in terms of the definition when perhaps describing a person, it literally means from the Oxford language dictionary.
- 3:43I Hate Talking: And someone serves as a means of pursuing an aim or policy.
- 3:50I Hate Talking: So if there's somebody that's instrumental in something being accomplished, that means that they were well equipped to serve in that position and get something done.
- 4:01I Hate Talking: So that is a little bit of a callback to the equipped part of the literal meaning in the Latin.
- 4:11I Hate Talking: And then if you are playing an instrument, then that is of music where basically you are using instruments to Make that music and can even be used to describe songs where only instruments are used in order to generate that song and you would not have any vocals per se.
- 4:35I Hate Talking: Hm.
- 4:36I Hate Talking: And then you also can have instruments where it is some sort of measuring device.
- 4:42I Hate Talking: So if you're in the cockpit of an airplane, you will have instruments that display various things about the pitch and y'all of the aircraft where it's speed or elevation and things of that nature, or you might use an instrument to measure seismic activity.
- 5:02I Hate Talking: Things like that.
- 5:03I Hate Talking: So again, that is referencing back to the literal definition of equipment or implements where it is doing something and therefore goes back to that equipment sense of the word.
- 5:18I Hate Talking: So, what if he's saying, if something's instrumental, it is important to accomplish something or to get a task done, it must be instrumental.
- 5:29I Hate Talking: Yes, so when it comes to that particular pursuit of a certain goal, the Cambridge dictionary actually has maybe a better definition or more expansive definition for that use of the word where it describes someone or something is instrumental in a process plan or system if that person or thing is one of the most important influences in causing it to happen.
- 5:56I Hate Talking: Hm.
- 5:58I Hate Talking: OK, so I buy all that, but How often would you use it in a sentence?
- 6:06I Hate Talking: Not very often, maybe occasionally.
- 6:10I Hate Talking: So I don't think this is something that perhaps I would use in everyday conversation, but it is definitely part of my vocabulary.
- 6:19I Hate Talking: So if there is an opportunity to use that word where I feel that that is the best way to describe somebody's input or experience or influence, to use the Cambridge synonym here.
- 6:34I Hate Talking: That I will use that in a normal conversation.
- 6:38I Hate Talking: Yeah, I feel like I've probably only ever used it at like a graduation or someone passing, or that sort of thing where you're like, encompassing, like, The overarching what its individual has done, their influence or something.
- 6:54I Hate Talking: Yes, I suppose that's true.
- 6:56I Hate Talking: Now, when we look at the Ngram viewer, to look at that within printed material and its usage over time, the word instrumental is relatively flat from the early 1800s till about the 1950s.
- 7:13I Hate Talking: And then does have a steady increase from the late 1900s and then sort of peaks maybe around 2017, 2018 and then maybe declines a little bit, but pretty flat.
- 7:28I Hate Talking: So, overall, pretty flat usage compared to some of the other words that we've looked at when it comes to the Ngram viewer.
- 7:36I Hate Talking: Now something that is interesting to note is that the word instrument.
- 7:42I Hate Talking: Actually declines a little bit.
- 7:45I Hate Talking: So when we look at just the word instrument in the Ngram viewer over time, that actually again is relatively flat from the early 1800s through the 1950s and then actually declines from the 1950s to current day.
- 8:02I Hate Talking: I think that's cause people play less instruments?
- 8:06I Hate Talking: Like in your daily family life.
- 8:10I Hate Talking: I suppose it also may be indicative of just the amount of technology that came about in the late 1900s where maybe there were more instruments used in measurements of things in The early 1800s through the 1950s and then perhaps other words were used to describe some of these technological devices that measure things, so there may be gauges or charts or other things related to more advanced technology that then these instruments became less used in terms of measurement.
- 8:51I Hate Talking: Or describing the status of something.
- 8:55I Hate Talking: Interesting.
- 8:56I Hate Talking: And this could completely be wrong.
- 8:59I Hate Talking: So tell me what you think.
- 9:00I Hate Talking: I can see how, like you said, we have a lot more tools and other equipment, and also just people typically don't play as many instruments, uh, like piano and violin.
- 9:16I Hate Talking: As they used to.
- 9:18I Hate Talking: So all that's going down, but the word instrumental is going up, or it was for a long while in the late 1900s.
- 9:26I Hate Talking: Do you think that before then, I feel like that might have been a really big period of time where people looked at other people as instrumental, as Role models or people to look up to.
- 9:42I Hate Talking: I wonder if in the past, they, I hate the word idolize, but kind of like idolize people that often in like the 17, 1800s, or if it's more of a modern thing to look at people and hold them to a higher standard.
- 9:58I Hate Talking: Well, it's a little bit hard to ascertain from the Google Ngram viewer if perhaps those words are used in reference to musical devices with both the words instrumental and instrument being Perhaps within that musical category versus the other two categories that we were talking about with if a person or thing is instrumental and has great influence or if it's simply an instrument to measure things, so.
- 10:29I Hate Talking: I don't feel like the musical stuff has perhaps changed all that much.
- 10:36I Hate Talking: I think people have been playing instruments for a very long time and still continue to do so.
- 10:41I Hate Talking: So that's why I think in my mind, I sort of remove that and perhaps look at just the measurement devices and the description of a person.
- 10:51I Hate Talking: As sort of what may be changing over time.
- 10:54I Hate Talking: OK.
- 10:56I Hate Talking: And um here's a question I was thinking about when you were talking.
- 11:00I Hate Talking: I'll pose it, I'm trying to think of how to pose it without uh leading the witness kind of idea, but would you consider it positive or negative if someone says you are an instrument?
- 11:12I Hate Talking: So, You could actually describe parts of your body as instruments, so your fingers could be instruments for playing a piano, so that would be instruments used to perform on an instrument or, you know, something within your own physical domain that you can accomplish something as an instrument.
- 11:36I Hate Talking: When you describe sort of the whole person as being an instrument.
- 11:42I Hate Talking: It doesn't call very many positive connotations to my mind it sounds sort of negative because I think you're perhaps equating a person with simply a tool.
- 11:55I Hate Talking: And That seems maybe a little bit negatively connotated.
- 12:01I Hate Talking: However, I think actually Paul in Romans 6 describes people of the church as instruments.
- 12:08I Hate Talking: So he actually uses that literal language to describe people of a larger group.
- 12:14I Hate Talking: Right.
- 12:15I Hate Talking: Are you talking about when you say some people are eyes or hands or like, as the whole body?
- 12:22I Hate Talking: So, no, actually that particular example that you gave with the different parts of the body serving different functions is from 1 Corinthians 12.
- 12:33I Hate Talking: What I was thinking of is Romans 6-13 where Paul says, neither yield ye members as instruments of unrighteousness unto sin, but yield yourselves unto God as those that are alive from the dead and your members as instruments of righteousness unto God.
- 12:50I Hate Talking: So.
- 12:50I Hate Talking: He is describing basically that you can use your own personal life either as an instrument of wrongdoing or an instrument of good.
- 13:01I Hate Talking: OK, well, I'm glad you finished the verse too, because at first it's like, oh well, that an instrument is bad, see, but it can be used as a good thing, cause in my head, just hearing it.
- 13:14I Hate Talking: If someone told me you're instrumental, I think, oh, thank you, like, I guess that's a compliment.
- 13:20I Hate Talking: But if they said you are an instrument for this group, I'd be, oh, like I would feel used, like, I feel like I'm just, yeah, a theme in the group and being used for a purpose, not as a person.
- 13:38I Hate Talking: Yes, and I think that is sort of what I thought of as well when you asked the original question, where if somebody describes me as an instrument that is not necessarily very flattering, but on the flip side, if you describe me as instrumental, then that actually would perhaps be a bit of a compliment in my mind.
- 14:02I Hate Talking: So the word instrument is not what we were using in our particular conversations over the last few weeks.
- 14:11I Hate Talking: It was the exact word instrumental.
- 14:14I Hate Talking: Right, which I still think, I don't hear that often, so it's just so weird to hear.
- 14:19I Hate Talking: I even asked you the few people that had said it, like, I was like, did they talk before this to each other because it was just weird to hear it so many times.
- 14:28I Hate Talking: Perhaps so.
- 14:29I Hate Talking: Maybe we're just instrumental.
- 14:31I Hate Talking: Maybe.
- 14:32I Hate Talking: So that is our word or phrase of the episode.
- 14:36I Hate Talking: We've covered some of the Latin roots and some of the variety of usages that I think again did come from the same root word but can actually have a wide variety of definitions within the English language as well as perhaps some of the positive and or negative connotations associated with those things.
- 14:56I Hate Talking: Mhm.
- 14:57I Hate Talking: So I guess one of the things that we've seen perhaps politicians be.
- 15:04I Hate Talking: Instrumental in bringing about.
- 15:06I Hate Talking: And again, perhaps for the good, perhaps for the not so good is the recent tariffs.
- 15:14I Hate Talking: That have been applied to a variety of foreign countries for goods coming into the United States.
- 15:23I Hate Talking: OK, yeah, teach me about that, because I hear the headlines and I have uh heard a bunch of jokes about it, but overall, I've chosen to stay ignorant.
- 15:34I Hate Talking: So you can teach me now.
- 15:35I Hate Talking: I don't know if I know the exact definition of tariff.
- 15:40I Hate Talking: Maybe we'll save that for next time, but as I understand it, it's basically a tax on foreign goods, particularly on the import of foreign goods where the country that is receiving those goods charges an additional tax on top of any of the other quote unquote normal taxes.
- 16:02I Hate Talking: It's basically just an additional surcharge placed on top.
- 16:06I Hate Talking: Of any of the fees, as well as any of the existing costs on the manufacturing and shipment of those goods.
- 16:15I Hate Talking: And I don't know if it's actually been a big part of conversations and people may or may not really be aware of what's happening.
- 16:27I Hate Talking: I think it may be a little bit more of a conversation in my line of work where it comes up more frequently.
- 16:35I Hate Talking: But essentially that is the basic definition of a tariff.
- 16:39I Hate Talking: And the reason that this has come up recently is President Trump and his political cabinet have instituted a number of tariffs over the last few months and actually some of them went into effect this very week or maybe this past week.
- 16:59I Hate Talking: Uh, so I think May 2nd is when a lot of those went into effect, particularly for China.
- 17:06I Hate Talking: It's pretty high amount, so I believe some of the countries were in the 50 to 60% range and I believe China started out at 100% and then went to 125%.
- 17:21I Hate Talking: I believe it's sitting right now at the time of this recording at 150%.
- 17:26I Hate Talking: Oh my.
- 17:27I Hate Talking: Yeah.
- 17:27I Hate Talking: So, I'll mess up the numbers slightly, but I did hear somebody talking, and he was talking about his business, and he's like, so where we order our products from, say I spend $100 for the product.
- 17:39I Hate Talking: He's like, I'm giving the US I think he, I felt like he said 110%.
- 17:44I Hate Talking: That was a while ago, so maybe it's up like you said, or I don't know.
- 17:49I Hate Talking: But he's like, I'm giving 110% to the US government to pay it.
- 17:54I Hate Talking: And he's like, so then I'm having to turn around and sell it for 3000% to make a profit.
- 18:00I Hate Talking: It's like and the customer can't afford that.
- 18:03I Hate Talking: So he was saying that his business is not going to last very long in this situation.
- 18:09I Hate Talking: Is that true?
- 18:10I Hate Talking: Is that what a tariff is?
- 18:11I Hate Talking: Essentially, yes, the government is collecting those additional fees on the import of those goods at whatever their defined value is.
- 18:24I Hate Talking: And so yes, that probably is a example that was accurate at the time that you heard it, but I think it would be even higher now if the particular person was getting those goods from China.
- 18:37I Hate Talking: So, if he's giving 110% or even more to the US government, He's given $100 to China for that product, and he's given $110 to the US.
- 18:50I Hate Talking: What is the US doing with that money?
- 18:52I Hate Talking: Are they paying back all of our trillions of dollars of debt?
- 18:57I Hate Talking: I think that remains yet to be seen.
- 19:00I Hate Talking: I think actually the effect that it is having is that a lot of import has slowed significantly.
- 19:09I Hate Talking: So you can see on some of the news articles and headlines that Perhaps there's a lot of ports, especially on the West Coast, that have significantly less volume because of these particular tariffs.
- 19:23I Hate Talking: The other thing that was instituted is a suspension of a rule called the de minimis rule, and I believe that literally means just the minimum.
- 19:35I Hate Talking: And essentially that would be that if a product or good was less than a certain amount, it would not be subject to these tariffs.
- 19:45I Hate Talking: And I believe that threshold was $800 originally.
- 19:50I Hate Talking: I'm not sure if that applies to the entire shipment.
- 19:53I Hate Talking: I think it does, not necessarily the individual unit that is coming over.
- 19:58I Hate Talking: So if there was a small package that was only $200 worth of material, then that would not be subject to the tariff.
- 20:07I Hate Talking: But if there was an entire container that was worth $20,000 that would obviously be above the $100 threshold and be subject to the tariff, but that rule, the de minimis rule has been suspended.
- 20:20I Hate Talking: So basically, even if there is a $2 package coming over from China, that would be subject to the tariff now.
- 20:27I Hate Talking: So you understand we have a child who is waiting for a package from overseas.
- 20:33I Hate Talking: He's obsessed over it.
- 20:35I Hate Talking: Do you think it's gonna get delayed?
- 20:37I Hate Talking: Because the window was, I don't know, like a two-week window of delivery, and he's obsessing over it, and we're getting close to the end of the window.
- 20:45I Hate Talking: Is it being delayed because of tariffs?
- 20:47I Hate Talking: No, I don't think so.
- 20:49I Hate Talking: I think actually it probably has a higher chance of arriving early because there's probably less volume flowing through all of the entry points to the US for imported goods.
- 21:00I Hate Talking: What is happening is There's just less stuff coming in, so.
- 21:06I Hate Talking: Whatever people are buying, perhaps they are no longer buying it because prices have already been raised, or there's companies that are bringing in raw materials or finished goods, and they are just not buying things and perhaps relying more on the inventory that exists within the US to fulfill current demand.
- 21:31I Hate Talking: And then I believe it's somewhat of a waiting game to see if Trump is going to remove the tariffs or reduce them, or if they will stay in place for a longer period of time.
- 21:45I Hate Talking: OK, so two questions.
- 21:46I Hate Talking: One, Is this so that we, as Americans buy American products?
- 21:55I Hate Talking: And 2, Is this just to hurt the other countries, because then they're gonna get less income.
- 22:05I Hate Talking: I feel like we're getting hurt more than they are.
- 22:10I Hate Talking: So I do believe that the stated intention of President Trump and his political machine that it is for the benefit of bringing more manufacturing and jobs on shore to the US.
- 22:27I Hate Talking: And probably to some degree also taking a shot at whatever particular country is being burdened with these tariffs to perhaps try to differentiate the economies there where The US will probably endure a lot of short term pain in terms of some of these particular costs going up, and I think there's going to be some issues with the inventory levels at some point.
- 23:02I Hate Talking: But the long term goal would be again that onshoring of manufacturing and jobs and then therefore greater stability with our own manufacturing and Production of goods, so we don't have to rely on foreign countries for those particular things.
- 23:23I Hate Talking: So, again, that's the stated position of the political powers that be, not sure if it's going to work or not, but that I think is sort of their intent.
- 23:36I Hate Talking: OK, well, you're saying it's possibly playing the lawn game to making the US self-sufficient.
- 23:45I Hate Talking: Is this in a part, the kind of similar concept we have extended family that were US product only people?
- 23:56I Hate Talking: Is this the kind of thing that they would like then to force us to become US only product people?
- 24:03I Hate Talking: Because I remember we were newlyweds way back when, but I remember them saying something about it and asking me, pointedly.
- 24:13I Hate Talking: I'm not a controversial person.
- 24:16I Hate Talking: I don't like being pointed at.
- 24:18I Hate Talking: I remember them in like, well, what do you think?
- 24:20I Hate Talking: And I was like, well, honestly, and especially cause we were newlyweds fresh out of college, we didn't have money.
- 24:29I Hate Talking: I remember being like, I'm gonna buy whatever is cheapest, cause that's what I can afford.
- 24:33I Hate Talking: And if it's cheaper over there, that's where I'm ordering it from.
- 24:37I Hate Talking: They wanted me to back the US only, US made.
- 24:41I Hate Talking: But I can't afford, if it's back then especially, when we were barely paying our bills.
- 24:48I Hate Talking: If it was $4 for this product, or $16 for US made product, I went for the $4 because that's what we could afford.
- 24:58I Hate Talking: Yes, I suppose that if they are truly holding to the American made that this actually should help that because now that $4 product is going to be $10 versus the existing $16 US made product, so still maybe cheaper in the long run, but If the difference is only going to be $6 versus the $12 maybe somebody will change over to buy it in the US made category.
- 25:35I Hate Talking: Now the The thing that perhaps is not considered in all of that is where the raw materials are coming from.
- 25:42I Hate Talking: So even though there may be something that is assembled or quote unquote made in the US that probably a lot of those raw materials are still coming from overseas.
- 25:53I Hate Talking: So, for example, we get a ton of our aluminum from Canada.
- 25:58I Hate Talking: Which we did have tariffs with them at some point in time, that might have lasted like a day or two.
- 26:03I Hate Talking: I don't have it anymore.
- 26:05I Hate Talking: I'm not certain it's either gone or a very low amount.
- 26:09I Hate Talking: So the one that everybody is focused on right now is the Chinese tariff.
- 26:15I Hate Talking: So yeah, so a lot of raw materials, even though they are quote unquote, made in the US.
- 26:21I Hate Talking: May actually be using materials that are sourced from overseas, and again, a lot of those things are going to be subject to the tariffs nonetheless.
- 26:31I Hate Talking: Is it because we don't have a lot of natural resources here?
- 26:35I Hate Talking: It could be, or that wherever they are mining those particular resources do not have safety measures in place or maybe people oriented safety things or even freedom.
- 26:54I Hate Talking: To come right down to it in terms of.
- 26:56I Hate Talking: Who is doing that mining.
- 26:59I Hate Talking: So if you have a slave laborer, obviously that's gonna be much cheaper to mine and produce versus in the US where we have safety standards and minimum wage and things like that.
- 27:15I Hate Talking: Yeah, OK, I heard something recently was in reference to California and maybe larger than that though.
- 27:22I Hate Talking: Was, um, there's like a bill or a discussion right now about, quote unquote, child labor, that they want to outlaw.
- 27:31I Hate Talking: Young, like kids working, not young kids, but like teenagers.
- 27:36I Hate Talking: They don't want teenagers doing a lot of jobs.
- 27:40I Hate Talking: So I was hearing people go back and forth in discussion about this.
- 27:43I Hate Talking: One person's like a teenager shouldn't be using heavy equipment.
- 27:48I Hate Talking: And they're like, well, hasn't a teenager mowed a lawn when you were a teenager?
- 27:52I Hate Talking: And, you know, they're going back and forth and then they kind of reference, like, other countries, like, young kids work there.
- 27:58I Hate Talking: We're not asking a 5 year old to get on a lawnmower, we're telling a 15-year old to get on a lawnmower, and that's very different.
- 28:08I Hate Talking: Yeah, that's interesting.
- 28:11I Hate Talking: I have not heard of that particular thing, so that must be states away, but.
- 28:15I Hate Talking: I think that to some degree, there may be a little bit of wisdom in that in terms of perhaps not having children operate, like you said, heavy or dangerous equipment, but I think that there is a value in learning.
- 28:33I Hate Talking: Hard work and the value of hard work when it comes to earning a paycheck, that can begin at a young age.
- 28:41I Hate Talking: But I think that, you know, all those things have to be considered with safety standards and the danger of the work and things of that nature.
- 28:49I Hate Talking: The other thing that It calls to mind is just the fact that a lot of these entry level jobs like working at a fast food restaurant, used to be entry level jobs and really you would only work there.
- 29:01I Hate Talking: As a teenager or child, quote unquote, and then you would move on to.
- 29:08I Hate Talking: A career.
- 29:10I Hate Talking: But I think that also has changed in this economy where you have people that are working these quote unquote entry level jobs for a much longer period of time.
- 29:22I Hate Talking: So maybe.
- 29:24I Hate Talking: There's some aspect where they want to remove the children from the labor force so that Adults can have those quote unquote entry level jobs and there's less competition by law.
- 29:39I Hate Talking: Maybe, yeah.
- 29:41I Hate Talking: Well, hopefully, we will take care of our things because probably our microphones and our headphones and our recording equipment were manufactured in China.
- 29:57I Hate Talking: So hopefully we will not break anything because perhaps in the future.
- 30:03I Hate Talking: These devices or anything that you buy.
- 30:07I Hate Talking: From China or overseas may.
- 30:10I Hate Talking: Double in price.
- 30:12I Hate Talking: Oh my goodness.
- 30:14I Hate Talking: We're gonna become minimalists, my dream come true.
- 30:18I Hate Talking: Perhaps, and maybe we will become self-repairers and repair our own equipment.
- 30:25I Hate Talking: That's not my dream come true.
- 30:26I Hate Talking: I know, uh, you used to really want me to sew clothing.
- 30:32I Hate Talking: This is a side note, but you have this like vision when we got married and stuff that I sew our clothing.
- 30:39I Hate Talking: And I do, I know how to sew, I don't enjoy it.
- 30:43I Hate Talking: I can do it.
- 30:44I Hate Talking: And I obviously do repairs or buttons and patches.
- 30:49I Hate Talking: Uh, it took you a while, and you had to go to the store and see how expensive fabric was.
- 30:55I Hate Talking: Like, oh, it's not cheaper.
- 30:58I Hate Talking: It's like, no, it's much more expensive to make a shirt.
- 31:01I Hate Talking: Then just go to the store and buy a shirt.
- 31:04I Hate Talking: But not anymore, maybe.
- 31:07I Hate Talking: Not anymore.
- 31:07I Hate Talking: Maybe this will generate some new discussion on the right to self-repair.
- 31:13I Hate Talking: On particularly.
- 31:15I Hate Talking: Electronics and things like that.
- 31:18I Hate Talking: Well this really last long.
- 31:20I Hate Talking: I'm, I'm OK not buying stuff for a few months.
- 31:25I Hate Talking: We're good, but how long is this gonna last, really?
- 31:29I Hate Talking: Yeah, I think the economy is probably betting on a 1 to 2 months.
- 31:35I Hate Talking: Duration and then it will probably let up, but who knows, maybe it will be around longer and we'll see.
- 31:45I Hate Talking: So you're telling everyone to go out and buy toilet paper.
- 31:47I Hate Talking: Like, go to Costco, stack up.
- 31:52I Hate Talking: No, I'm not.
- 31:53I Hate Talking: Not, not inducing fear buying or panic buying on toilet paper, but 2 months' worth, and then you're good to go.
- 32:03I Hate Talking: It might not be a bad idea to increase your safety stock by one unit, unit may be, because I think like we talked about, finished goods are already starting to increase, but we do get a lot of grain and things for cereal based product from China and overseas in general.
- 32:23I Hate Talking: So again, if these tariffs stick around, we might even see.
- 32:28I Hate Talking: Finished products that are finished in the US but rely on raw materials from overseas, increase in price as well.
- 32:36I Hate Talking: And if it's grain products, we can just Spend the same amount of money and just go keto, your dream come true, the whole family keto, once again.
- 32:45I Hate Talking: Or just make our own sourdough bread.
- 32:47I Hate Talking: Yeah.
- 32:48I Hate Talking: All right, so hopefully you have found this episode instrumental in your understanding of Latin as well as some basics on tariffs.
- 32:58I Hate Talking: So if you did, like, share and subscribe.
- 33:01I Hate Talking: So from your friends at I hate talking, until next time, remember, it is only through talking that we begin the journey to understanding.