Why Tariffs Are NOT Hurting These CEOs | Josh Smith & Bayard Winthrop #435 | The Way I Heard It

With all the conversations and drama surrounding the tariff situation, I thought it might be useful, (and fun) to hear from a couple CEOs who have stubbornly refused to become reliant on a supply chain made from links with foreign countries. Josh Smith makes the best knives in America, and Bayard Winthrop makes the best sweatshirts. Their respective businesses— @MontanaKnifeCompany and American Giant—are very different but share a few important things in common. Most notably, a determination to make their goods in America, come what may. For the first time in many years, that determination is being rewarded. Unlike so many of their competitors, Josh and Bayard are in no way impacted by the current tariffs, because their supply chain and their workforce are 100% American made. Their perspective on what’s happening with the global economy is important, and I’m glad to share it with you. #podcast #america #economy Shop Montana Knife Company: https://www.montanaknifecompany.com Shop American Giant: https://www.american-giant.com/mike Subscribe to my channel: https://www.youtube.com/@therealmikerowe Subscribe to my new shorts channel for those of you with a short attention span: https://www.youtube.com/@MikeRoweShorts I have a new show! Subscribe to my new show's channel: https://www.youtube.com/@PYSKshow If you like me, and even if you don't, follow me. Much obliged. http://instagr.am/mikerowe/ http://fb.me/TheRealMikeRowe http://twttr.com/mikeroweworks 00:00 Chuck and I introduce the guests 00:54 Josh Smith shares his thoughts on recent U.S. tariffs 04:33 Companies respond to a 150% increase in cost of goods 06:55 What U.S. manufacturing would look like if we were at war today 10:24 How U.S. steel manufacturing has changed 16:17 Challenges with scaling production in U.S. manufacturing 19:47 How Josh’s company has grown 21:58 How to compete with AI 22:56 Whether the U.S. has a skills gap or a will gap 26:37 Josh Smith discusses his new knife supporting my foundation 32:18 How the message of “American-made” is resonating 34:04 Transition to conversation with Bayard Winthrop 34:24 How tariffs have affected American Giant 39:00 Effects of America’s shift to a consumption-driven economy 41:56 Whether the U.S. should rely on other countries for necessary goods 48:42 China’s unethical trade practices 51:45 What it takes to make a product 100% American-made 58:28 When it became difficult to instill work ethic 1:03:00 Current labor needs in the U.S.