1 00:00:00,734 --> 00:00:01,735 The trade war with Canada 2 00:00:01,802 --> 00:00:04,004 is a gut punch to Wisconsin 3 00:00:04,071 --> 00:00:04,705 given that 4 00:00:04,771 --> 00:00:05,706 our neighbor to the north 5 00:00:05,772 --> 00:00:07,207 is the state's largest 6 00:00:07,274 --> 00:00:08,876 international trading partner. 7 00:00:08,942 --> 00:00:10,077 Could in the long run 8 00:00:10,143 --> 00:00:12,045 the imposition of U.S. tariffs 9 00:00:12,112 --> 00:00:14,047 deliver more markets 10 00:00:14,348 --> 00:00:16,250 to us and productivity here? 11 00:00:16,316 --> 00:00:18,452 I don't know, I would say no. 12 00:00:18,519 --> 00:00:19,653 The reason why I would say no 13 00:00:19,720 --> 00:00:21,321 is that, as I mentioned 14 00:00:21,388 --> 00:00:24,324 I ran an agriculture equipment 15 00:00:24,391 --> 00:00:26,159 manufacturing company. 16 00:00:26,226 --> 00:00:27,394 Half of our sales were 17 00:00:27,461 --> 00:00:28,695 outside the United States 18 00:00:28,762 --> 00:00:29,930 and we exported to Canada 19 00:00:29,997 --> 00:00:30,797 which was one 20 00:00:30,864 --> 00:00:31,765 which had no tariffs. 21 00:00:31,832 --> 00:00:33,834 We also exported to Ukraine 22 00:00:33,901 --> 00:00:35,235 and Russia and Kazakhstan 23 00:00:35,302 --> 00:00:36,803 and South Africa 24 00:00:36,870 --> 00:00:37,804 and Australia 25 00:00:37,871 --> 00:00:39,273 and a number of countries 26 00:00:39,339 --> 00:00:41,175 that didn't limit 27 00:00:41,241 --> 00:00:42,709 our products going in. 28 00:00:42,776 --> 00:00:45,279 So that allowed me to employ 29 00:00:45,345 --> 00:00:46,446 hundreds of people 30 00:00:46,513 --> 00:00:47,648 in Manitowoc, Wisconsin 31 00:00:47,714 --> 00:00:49,116 to produce those products. 32 00:00:49,183 --> 00:00:50,984 So, the theory that 33 00:00:51,385 --> 00:00:53,954 the theory that if we tariff 34 00:00:54,521 --> 00:00:55,789 some products coming in 35 00:00:55,856 --> 00:00:56,590 that we will do better 36 00:00:56,657 --> 00:00:58,058 by our local industries 37 00:00:58,125 --> 00:00:59,393 is also fairly moot 38 00:00:59,459 --> 00:01:00,194 because I was 39 00:01:00,260 --> 00:01:01,795 also buying a lot of steel. 40 00:01:01,862 --> 00:01:02,829 If we're only going to 41 00:01:02,896 --> 00:01:04,364 limit that production 42 00:01:04,431 --> 00:01:06,166 to U.S. steel manufacturers 43 00:01:06,233 --> 00:01:07,668 the price of steel 44 00:01:07,734 --> 00:01:08,435 would go up. 45 00:01:08,502 --> 00:01:10,103 So therefore, my product that I 46 00:01:10,170 --> 00:01:12,639 was using steel to produce 47 00:01:13,140 --> 00:01:14,107 was going to go up as well. 48 00:01:14,174 --> 00:01:15,475 Which again, is something 49 00:01:15,542 --> 00:01:16,910 that hurts consumers 50 00:01:16,977 --> 00:01:18,679 not only in the United States 51 00:01:18,745 --> 00:01:20,747 but around the world.