does not love the environment, i m a country kid, i hunt in fish and i love the environment, if you look at the ranch, it s bluefin brot grass. cattle eat the grass, unseating the cattle, it s a circle of life. from disney on, we learn that. they are trying to fight it. it does not make any sense. steve, i gotta ask you, when the president slaps these tariffs on china and everyone says the farmers are getting hurt, the ranchers are getting hurt, what do you think about the chinese tears? well, naturally, we have been at a disadvantage for a long-term and none of us farmers like the effect that they ve had on the product but i think were old enough and mature enough to realize that it is time to settle the score and even the playing field a little bit. and we realize the times might be a little bit tough right now and the long-term gain will outweigh the short-term hardship that we might be facing.
they use like hot topics, who does not love the environment, i m a country kid, i hunt in fish and i love the environment, if you look at the ranch, it s bluefin brot grass. cattle eat the grass, unseating the cattle, it s a circle of life. from disney on, we learn that. they are trying to fight it. it does not make any sense. steve, i gotta ask you, when the president slaps these tariffs on china and everyone says the farmers are getting hurt, the ranchers are getting hurt, what do you think about the chinese tears? well, naturally, we have been at a disadvantage for a long-term and none of us farmers like the effect that they ve had on the product but i think were old enough and mature enough to realize that it is time to settle the score and even the playing field a little bit. and we realize the times might be a little bit tough right now and the long-term gain will outweigh the short-term hardship
the question is what will china do to strike back. so they chose to devalue its currency. so if you re not a student of the market, i ll explain what that means. it means that china boosts their own experts by weakening its currency and the dollar strengthens and the value of u.s. exports is more expensive. so you can see how china is trying to offset the tariffs for itself and make the playing field a little bit harder for u.s. companies and that s why this sell-off is happening today. that s what traders are worried about. they re worried this trade war that has gone on for months now is going to have an impact on the revenues and profits of u.s. corporations. every sector is exposed here. the biggest selling in the tech sector, retail. also in the industrials as well. traders are saying august can be a slow month, but to expect this volatility to continue, shep.
and they don t play by the same rules we play by. so if you don t make the move now when at least you ve got some power, when are you ever going to make the move. think about it this way. every six months that go by with these tariffs people are going to move their supply chain. which means if i m moving from china, why not move to vietnam? it s cheaper there. china every six months is going to lose 1% gdp forever. i think it s powerful and i think they make a deal with them before the election. what would you do to even out the playing field a little bit? i like the model that says raise my taxes, but take that money and do it to the hourly workers who pay their taxes in america. and literally take a pile and say i ll contribute, right, but i want it to go to the hourly workers who are not in the black market but are actually working and paying taxes and give them an incentive. ?
rules we play by. if you don t make the move now, when are you going to make the move? every six months we go by with these tariffs, people are going to move their supply chain. why not move to vietnam? it s cheap tler. china every six months will lose 1% of gdp forever. i think it s powerful and they make a deal before the election. what would you do to even out the playing field a little bit? i like the model that says raise my taxes but take that money and give it to the hourly workers who pay their taxes in america. literally take a pile and say i ll contribute, right, but i want it to go to the hourly workers who not are in the black market but are working and paying taxes and give them an incentive. instead of making $15 an hour, we are kicking in another two, three bucks an hour as a payment so we re all in it together. when they root for you and me to