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00:00Which sectors of the economy, which industries are likely to be most impacted by the tariffs?
00:07Well, certainly there's some positive stories here. I would say the defence industry is a positive story
00:14because the US is going to have to rebuild arsenals after wasting so much in the war in Ukraine.
00:21The automobile industry, I'm very bullish on Ford Motor Company.
00:25Ford did not waste as much money on electric vehicles as General Motors did.
00:30So they're in a better position going forward.
00:33We're going to see, we're going to take away subsidies on electric vehicles,
00:36get back to internal combustion engines, which are much better for the economy.
00:42I mean, CO2 has no impact on the climate based on the best science.
00:47So we'll get the EV green new scam behind us and then move into traditional manufacturing.
00:52So I would say automobiles and defence are good sectors.