This is Poan. It's a port city on the southeastern coast of South Korea. Population around half a million.관세가 지금 50% 이상 관세가 계속 지속되면은 우선 여기에 있는 철강 산업의 중요한 그런 업계의 업계가 문을 닫거나 앞으로이 사업을 포기해야 될지도 모릅니다. That right behind me is Pasco. It's the largest steel company in the city and actually one of the top 10 in the world.The mayorid >> 철강 산업이 여러 가지 그 1차, 2차, 3차 이렇게 생태계를 조성하고 있는데 그 생태계가 잘못하면 깨질 수가 있다. 이거지. 그걸 이제 걱정했 대통령이 여기 한번 하셨으면 좋겠어요.이 바로 한 30밖에 안 걸리니까 우리가 그동안에 미국하고 국제 사회가 한국을 포함해서 자유 무역을 통해서 서로 상호 발전할 수 있는 그러한 시장 ...

Economic Policies and Trade - Discussion on Trump's tariff policies and their negative impact on the market, referencing a historical market crash in 1929 due to tariffs [2] - Debate on whether Trump is a free trader, with arguments suggesting he uses tariffs strategically for better trade deals [3][7] - Ronald Reagan's approach to trade is highlighted, noting that he was fundamentally a free trader but also utilized tariffs strategically [5][9] Market Performance and Economic Outlook - Current U.S. economy and stock market performance is described as booming compared to stagnant economies in Europe, Japan, and a recession in China, attributed to deregulation, lower taxes, and energy policies [10][11] - The potential for Argentina's new leadership under Malay to stabilize the economy through currency reforms and spending cuts is discussed [12][14] Taxation and Wealth Distribution - Criticism of New York City's political climate, particularly targeting billionaires as the source of economic problems, with a counterargument emphasizing the importance of wealthy individuals in job creation [20][21] - Florida's tax policies are highlighted, noting that the absence of an income tax has led to significant income inflow from other states, totaling $1 trillion [22][23]

Trade Relations & Tariffs - Tariffs on Canada are viewed as a tax on Americans, negatively impacting job creation and increasing inflation [3][4] - Free trade with Canada creates more jobs and opportunities in both the US and Canada [3] - Ontario is a major trading partner for the US, being the number one partner for 15 states and number two for 12 others [5] - The speaker advocates for an "Amcan Fortress," emphasizing the close alliance and trading partnership between the US and Canada [8] Trade Actions & Negotiations - Ontario, as a large purchaser of alcohol, is considering removing US liquor products from shelves until a fair trade deal is reached [9][10] - Ontario is onshoring products to reduce reliance on the US due to the ongoing trade war [11] - The speaker is actively communicating with US governors, senators, and congressmen to advocate for a trade deal [17] Advertisement & Public Opinion - The advertisement aimed to inform Americans about the harmful effects of tariffs and protectionism [2] - The advertisement generated significant media attention, with over 114 billion (11.4% billion) impressions worldwide [12] - The speaker defends the use of Ronald Reagan's words in the ad, stating they were taken from the public domain [6] Ontario's Economic Role - Ontario is described as the engine of Canada, with 15 million (1.5% million) people [14] - Ontario provides energy to 15 million (1.5% million) homes in New York, Minnesota, and Michigan [17] - Ontario possesses significant rare earth minerals and is willing to supply them to the US [15][16]

Trade Policy & International Relations - The ad from Ontario, Canada quoted former President Ronald Reagan on the perils of protectionism and tariffs [1] - The Reagan Foundation stated the ad misrepresented Reagan's comments, but a closer look suggests otherwise [2] - Reagan's administration generally favored free trade, participating in discussions that led to the World Trade Organization [5] - Trump criticized the ad and threatened to cut off trade discussions with Canada [6] - Ontario Premier Doug Ford paused the ad campaign to facilitate trade talks with the US [6] - The US and Canada are discussing reducing US tariffs on Canadian steel and aluminum [7] - A review of the US Mexico Canada free trade agreement is scheduled for next year, injecting tension into negotiations [7] Tariffs & Trade Barriers - Tariffs can offer short-term protection but hurt American workers and consumers in the long run [3] - The US once imposed a 100% tariff on Japanese semiconductors due to concerns about dumping [4] - Reagan generally opposed tariffs, viewing them as a bad policy decision [4]

India’s central bank is taking active steps to allow free-trade partners to settle transactions with it more easily in the rupee, a person familiar with the matter says https://t.co/yXHQ6I5IDX ...

A mix of rising Chinese competition, the after-effects of covid-19 and a broad shift away from multilateral free trade has left Britain peculiarly vulnerable https://t.co/U6o4JrXMhp ...

Liberalise at home and lead a new free-trade revolution https://t.co/NdOkcu1aha ...

Core Points - The Supreme Court's potential ruling on President Trump's tariffs could significantly impact economic forecasts and business planning, particularly if the tariffs are deemed unconstitutional [1][2] - Tariff uncertainty has led to a slowdown in hiring and capital spending across various sectors, with businesses hesitant to commit due to the unpredictable tariff landscape [3] - New tariffs can still be imposed under national security laws, which are not affected by the current ruling, potentially expanding tariffs on industries like semiconductors and pharmaceuticals [4] Economic Impact - If the challenged tariffs remain in place, consumer prices could rise by approximately 1%, leading to reduced spending, although this may not trigger a recession [5] - The global economy is undergoing structural changes as businesses adapt to tariff uncertainties, with a shift towards shorter supply chains and diversified sourcing strategies [6][7] - These adjustments may lead to a slight increase in production costs, impacting consumer prices but not significantly harming the overall economy [10] Business Strategies - Companies are increasingly sourcing materials locally or diversifying their supply chains to mitigate risks associated with tariffs [7][9] - The transition to more localized production and diversified sourcing will take time, but it is expected to gradually reshape global production dynamics [11] - The outcome of the Supreme Court decision will have varying effects on specific companies, necessitating close monitoring by affected business leaders [12]

Business strategy - The company emphasizes its global reach due to its small size and exclusive, high-end brand with a "made in Italy" DNA, requiring worldwide sales [1] - The company focuses on maintaining production in Italy to ensure security and stability for customers [2] - The company is prepared to handle complexities and adapt to whatever challenges arise in the business environment [3] Trade and Tariffs - The company views free trade as the ideal approach [1][3] - Tariffs have created uncertainty, but the company anticipates finding a balance between costs and customer impact [3] Competitive Landscape - The company states it has no competitors inside or outside the US [1]

Market Trends & Strategy - Lamborghini emphasizes regionalization over globalization, recognizing the growth in high-net-worth individuals globally, including in previously untapped markets like China [7][8] - The company aims to avoid market saturation by maintaining a global sales view across its 56 markets and 186 dealers, given the context of 80 million cars delivered annually worldwide [9] - Lamborghini is strategically expanding its model lineup from two to three models, with the Urus SUV contributing significantly to volume growth [5][10] - The brand is considering a fourth model, a Gran Turismo (GT) car, to fill a gap in the supercar market [14] - Lamborghini is delaying the all-electric vehicle timeline due to flattening EV demand, opting for a plug-in hybrid Urus successor [29][30] Brand & Customer Profile - Lamborghini sales have increased at least fivefold in the last 20 years, driven by unique brand elements and limited-edition cars that appreciate in value [5][6] - The company's clients, predominantly male entrepreneurs, value the "made in Italy" heritage and typically own at least five cars, with Reuelto owners averaging ten cars [16][17] - The average Lamborghini buyer is under 45 years old, with a significant portion in Asia around 30 years old, including both second-generation wealth and self-made entrepreneurs [18] - Lamborghini is actively working to attract more female buyers through targeted events like "She Drives a Lambo" and by leveraging the Urus's broader appeal [20][21] External Factors - Lamborghini emphasizes the importance of free trade for its global operations, given its small size and exclusive brand positioning [23][24] - The company acknowledges the complexities of tariffs but remains committed to finding a balance between its interests and customer value [26]