00:00Okay, I mean, some people have pointed out to us on this channel that the arithmetic underlying these policies on tariffs is actually flawed.
00:11They say that the Trump administration appears to have conflated VAT, in some cases, with tariffs.
00:18I mean, how does the arithmetic look to you?
00:22No, these criticisms are absolutely correct.
00:26The way these numbers were established and triumphantly presented by Mr. Trump with his number stable is very, very bizarre.
00:40And as we all know, there is an obvious proof of that in the fact that two islands in the Southern Ocean, where you have only penguins and zero human, have been hit by Trump's tariffs.
