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Speaker 1: Stateside Richard Arnold morning, Good morning mate. Okay, so China's involved,

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Speaker 1: but we got fifteen so maybe maybe not right.

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Speaker 2: Yeah, China firing back after the Trump tariffs took effect,

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Speaker 2: Beijing retaliating with a series of measures. The Trump ten

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Speaker 2: percent tariff on all Chinese products took effect just after

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Speaker 2: midnight here. Then China responded, and this will be significant

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Speaker 2: depending on how long this trade war goes on. China

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Speaker 2: is putting a tariff tax on things like cold natural

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Speaker 2: gas and farm products from the US. But also China

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Speaker 2: is restricting the export of some critical materials. This includes

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Speaker 2: many that are used in high tech industries. That's going

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Speaker 2: to be an issue, isn't it. The United States depends

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Speaker 2: a lot on China for some critical minerals like gallium, germanium, graphite,

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Speaker 2: many others. Barrenly limits on these could cause significant harm

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Speaker 2: to the US economy. Also, drugs, talking about prescription drugs

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Speaker 2: medical drug prices here that Trump tariffs are likely to

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Speaker 2: drive those prices way up. About half of the generic

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Speaker 2: drugs that people take in this country, including cancer drugs, antibiotics,

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Speaker 2: blood thinners, whole long list, are made entirely outside the

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Speaker 2: US of a because manufacturing is cheaper. Generic drugs account

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Speaker 2: for about ninety percent of all prescriptions filled here. So

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Speaker 2: if this goes on, people a lot of people are

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Speaker 2: going to notice. For instance, in Wisconsin today there is

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Speaker 2: the story of one family who is a father a

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Speaker 2: lawsuit because their son, Cole Schmidtneck, has died of an

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Speaker 2: asthma attack because he could no longer afford a life

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Speaker 2: saving in haaler. This twenty two year old, This fellow, Cole,

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Speaker 2: was living with severe asthma for his life and routinely

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Speaker 2: used and inhaler that cost him about one hundred and

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Speaker 2: seventeen dollars in New Zealand a month, but the cost

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Speaker 2: of that inhaler recently was sent right up to a

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Speaker 2: price of nine hundred and fifty five dollars a month.

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Speaker 2: This was a life saving medication. He couldn't afford the thing.

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Speaker 2: Just a few days ago he had a severe asthma attack.

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Speaker 2: His family say he was struggling for days and days

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Speaker 2: to breathe. Then he fell unconscious because he was using

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Speaker 2: only an emergency halo, which is what he could afford,

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Speaker 2: and he died a few days ago. So in the

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Speaker 2: trade war, who has the upper hand in today's global market.

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Speaker 2: The Wall Street Journal calls this trade war quote the

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Speaker 2: dumbest ever. That was an editorial that they produced this week.

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Speaker 2: And that newspaper's boss, Rupert Murdoch, just visited President Trump

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Speaker 2: in the Oval Office. They were sitting together. Trump then

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Speaker 2: was asked this by a reporter. Mister called the dumast

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Speaker 2: tray work. I'm dumbest trade war ever. Meantime, there is

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Speaker 2: a thirty day pause, as you know, on taris for

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Speaker 2: Mexico and Canada, where a couple of at a couple

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Speaker 2: of international hockey matches in Canada, the US national anthem

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Speaker 2: was booed by many Canadians. Canadians politest people on the planet,

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Speaker 2: or at least they used to be. Right. Trump is

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Speaker 2: claiming success with Mexico, sending some troops to the border

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Speaker 2: in Canada, agreeing to some new border controls as well.

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Speaker 2: But that new Canadian border deal we're saying weeks ago,

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Speaker 2: i e. Before Trump even took office.

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Speaker 1: And then we come to the Sovereign Wealth Fund idea,

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Speaker 1: which I'm not against actually, but will it separately end

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Speaker 1: up buying TikTok.

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Speaker 2: It depends what you use it for. Right, And the

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Speaker 2: Trump team is floating that, yeah, the government could buy TikTok.

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Speaker 2: We know that independent groups have been offering to buy

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Speaker 2: the Chinese own social media site. That story has been

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Speaker 2: playing out for months and months. But they have TikTok

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Speaker 2: as a government owned entity, state run media. Well, that's

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Speaker 2: something new in the Land of the Free, isn't it.

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Speaker 2: They're canvassing the thought of giving TikTok a seat in

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Speaker 2: the White House Briefing Room as well. The new Sovereign

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Speaker 2: Wealth Fund could be used for this purpose as what

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Speaker 2: they're saying. This follows the eviction, as you've been speaking

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Speaker 2: about in recent days, of a number of major media

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Speaker 2: outlets from key seats in the White House Briefing Room,

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Speaker 2: which is a tiny space added the Pentagon. So this

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Speaker 2: is part of an ongoing assault on major media. The

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Speaker 2: Trump team also has begun a review of sponsorships used

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Speaker 2: by public Broadcasting here and National Public Radio again government

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Speaker 2: run and community sponsored radio network, because they don't like

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Speaker 2: the coverage. So that is after the White House barred

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Speaker 2: the New York Times, NBC in PR and Politico from

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Speaker 2: those Pentagon seats. There is also a spike in deformation cases.

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Speaker 2: Numbers of them were seeing some major outlets like American

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Speaker 2: ABC are paying multimillion dollars settlements instead of fighting these

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Speaker 2: things forever in court. Who knows what cost. The publisher

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Speaker 2: of the New York Times has written an op ed

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Speaker 2: in the rival Washington Post. He says Trump seems to

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Speaker 2: be attempting to do in this country what Victor Auburn

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Speaker 2: did in Hungary. Instead of jailing journalists, says the New

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Speaker 2: York Times boss, they use licensing and contracts while suing

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Speaker 2: traditional media so that after a time, only government friendly

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Speaker 2: media remains. The independent media in Hungary virtually was dismantled.

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Speaker 2: Some are raising concerns about the fate of America's free speech.

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Speaker 1: See Friday might appreciate it. CBS is the one to follow,

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Speaker 1: as well as sixty minutes interview with Carmel Harris that

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Speaker 1: the arguments they're looking to settle it, and there's a

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Speaker 1: tremendous amount of fury within CBS. By the way, RK

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Speaker 1: they're going to have a floor vote. Will keep you

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Speaker 1: posted on that. The Senate has confirmed Chris Wright as

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Speaker 1: the Energy Secretary. He's a fracker CEO of Liberty Energy

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Speaker 1: and a really cool video if you haven't seen it

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Speaker 1: of him in What appears to be a hotel room

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Speaker 1: up against a hotel window in his underwear gyrating. So

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Speaker 1: that's a little something to maybe keep you entertained on

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Speaker 1: White Angi Day.

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