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Speaker 1: Richard Arnold in the State's morning to you, good morning.

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Speaker 1: Make twenty five here and ten there and fifty there

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Speaker 1: and off we go.

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Speaker 2: Yeah, man, a lot of money involved. Most would say

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Speaker 2: that a key reason for Trump's election win was the economy,

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Speaker 2: the rising cost of so many things due to inflation. Here,

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Speaker 2: the inflation rates right now in this country is two

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Speaker 2: point six percent annually, So to come down a lot

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Speaker 2: consumers have been paying for the war inflation course through

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Speaker 2: astronomically higher interest rates. So this has hit the pockets

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Speaker 2: of everyone with any debt or with any plans to

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Speaker 2: seek out credited to a biohomer, ROGAA or whatever. During

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Speaker 2: the election campaign, Trump often spoke about using the threat

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Speaker 2: of tariff's to enforce border security and to stop the

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Speaker 2: flow of a legally supplied fentanel. So why is that

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Speaker 2: just campaign talk, a sort of negotiating tactic, or does

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Speaker 2: Trump intend to start another trade war? He's done this

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Speaker 2: in the past on his social media Today, Trump has

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Speaker 2: up the ante seemingly by saying he will impose massive

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Speaker 2: tariffs on day one of his new presidency on goods

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Speaker 2: from Mexico, Canada, and China. Trump has often said things

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Speaker 2: like this.

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Speaker 1: It's one of the most beautiful words in the whole world,

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Speaker 1: the word tariff. It's more beautiful than.

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Speaker 2: Love, love, or money. Trump makes it perfectly clear right.

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Speaker 2: He says all products will be hit, with Mexico and

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Speaker 2: the Canaanian exporters additional twenty five percent, with China facing

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Speaker 2: a ten percent levy. Trump played that tariff game in

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Speaker 2: his first term. You recall at that point he was

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Speaker 2: targeting China and specific goods with the tariffon steel and

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Speaker 2: aluminium imports. Initially, China retaliated by slapping tariff on food items.

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Speaker 2: Then the US responded with another fifty billion in tariffs,

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Speaker 2: and China retaliated with more of their own in a

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Speaker 2: way that really hurt US farmers and led to Trump

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Speaker 2: giving bailouts to farmers here twenty three billion dollars worth,

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Speaker 2: so bottom line that didn't work out so well for agriculture.

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Speaker 2: Costs also went up for consumers here. This time it

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Speaker 2: is all farm more vague, Trump saying in his post

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Speaker 2: today that the new trade war is meant to hold

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Speaker 2: the movement of drugs and migrants. All three target countries

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Speaker 2: have responded, with Mexico saying it is ready to respond

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Speaker 2: to react and adding that drugs is an American problem.

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Speaker 2: Trump and his campaign claimed that Mexico, Canada, and Chinese

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Speaker 2: suppliers would pay, but in reality, US importers of essential

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Speaker 2: goods like car parks would pay, and those costs would

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Speaker 2: go fairly quickly to consumers. So some economists here are saying,

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Speaker 2: if this takes shape in the way it seems right

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Speaker 2: now to some, that could add up to an extra

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Speaker 2: twenty six hundred US dollars a year on average for consumers,

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Speaker 2: the same folks who voted for a government turned around

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Speaker 2: because of rising costses.

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Speaker 1: Indeed, then Elton John saw the interview yesterday and he's

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Speaker 1: got some real troubles, isn't they.

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Speaker 2: Yeah, well, he's had a few health woes along the way,

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Speaker 2: but yeah, this is being talked about as he is

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Speaker 2: releasing a documentary on his epic fifty year career called

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Speaker 2: Never Too Late. But in that interview with American ABC,

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Speaker 2: he says he's been sidelined right now because of a

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Speaker 2: previously undisclosed problem.

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Speaker 3: Unfortunately, lost my eyesight in my right eye Joan and

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Speaker 3: July because had infection in the South of France. And

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Speaker 3: it's been four months now since I haven't been able

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Speaker 3: to see.

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Speaker 2: So Elton John is seventy seven. He's had well a

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Speaker 2: list of things. His hearing was a problem for a time.

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Speaker 2: He had the knee and hip replacements, but this has

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Speaker 2: derailed his efforts, is what he is saying.

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Speaker 3: That there's hope and encouragement that it will be okay,

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Speaker 3: but it's I'm kind of stuck in the moment.

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Speaker 2: So Elton John has released thirty two albums during his

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Speaker 2: career to date, hopefully not the end of his musical road.

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Speaker 1: No exactly. All right, might go We'll see you Friday.

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Speaker 1: Appreciate it very much. Richard Arnold stateside old Rockers Rods

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Speaker 1: due if you haven't heard this morning, He's headlining Glastow

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Speaker 1: next year, so if you lined up, I was saying

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Speaker 1: the other day, seven hundred dollars a ticket and you

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Speaker 1: don't know who's there. I would have played seven hundred

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Speaker 1: dollars for Rod stew It all day long.

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Speaker 3: For more from the Mic Asking Breakfast, listen live to

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Speaker 3: news talks. It'd be from six am weekdays, or follow

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Speaker 3: the podcast on iHeartRadio.