Grant Cardone on Tariffs, 23andMe Acquisition, and US Manufacturing

Trump's Negotiation Strategy and Tariffs

• 🎯 President Trump is employing a negotiation strategy that includes tariffs, which Grant Cardone believes are working.
• 💡 Cardone argues that tariffs, contrary to media portrayal, will lower prices and increase quality for Americans, not raise them.
• 📉 He suggests that Trump has been more effective in combating inflation in three months using tariffs than Jerome Powell was in four years.
• 🏭 There's a national security imperative to bring manufacturing back to the US, a point that some companies have yet to fully grasp.

Interest in 23andMe Acquisition

• ❓ Grant Cardone confirms interest in acquiring 23andMe, though he is currently under a confidentiality agreement with 10x Health System.
• 📉 He criticizes the company's previous leadership, stating it was incompetently misrun despite having a great product and access to significant capital.
• ⚠️ Cardone dismisses concerns about Americans' DNA data being sold to China as being blown out of proportion, stating he would not acquire the company if there was any possibility of that occurring.

The Health and Wellness Market

• 🚀 Cardone highlights the success of 10X Health System, which grew from 70-80 clients to 150,000 customers in under three years by offering supplements, genetic testing, and precision supplements.
• 📈 The health space is attractive due to the aging baby boomer population (75 million in the US) who are focused on maintaining quality of life, energy, and clarity as they age.
• 🧩 23andMe's potential acquisition is seen as a fit within a broader health and wellness portfolio.