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“In reality, they impose costs, but we don't we don't see…” — Cato Audio at 27:51

“In reality, they impose costs, but we don't we don't see that anywhere. And I think the unfortunate thing is because those costs are so diffuse, you know, we saw this happen with the 2018-2019 tariffs. Like the voters bought into it. They bought the story. They thought, yeah, Trump is beating China. So we're going to…”

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