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Speaker 1: Richard Arnold, morning to you. Hey, Michael, Well, it's all on.

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Speaker 2: It's war tariffs on every front. Yeah, most politicos would

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Speaker 2: say that Trump won the last election because of people's

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Speaker 2: concerns about the economy. Here, starting with a price of

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Speaker 2: eggs due to bird flu. Now, as the Trump terriffs

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Speaker 2: have just taken effect against America's three biggest trading partners

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Speaker 2: by far, with that twenty five percent on most goods

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Speaker 2: from Canada and Mexico and twenty percent on China, retailers

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Speaker 2: here awarding that prices on a huge number of consumer

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Speaker 2: goods are going to increase starting in a couple of days, folks,

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Speaker 2: As famed investor Warren Buffett is saying, the tooth theory

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Speaker 2: ain't going to pay them. Now, it's a tax on consumers.

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Speaker 2: This begins with vegetables. Two thirds of imported vegetables come

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Speaker 2: into this country from Mexico during the winter months. Hear

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Speaker 2: those prices will go up first, leading stores Mike, Target, Walmart,

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Speaker 2: Best Buy, Home Depot all warding of price spikes ahead.

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Speaker 2: Wall Street stocks are falling. They've already seen the sharpest

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Speaker 2: declines this year. The S and P began this with

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Speaker 2: a one point eight percent drop, same as yesterday. The

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Speaker 2: Dow was down by more than seven hundred points yesterday,

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Speaker 2: but over six hundred last time I looked. The Trump

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Speaker 2: tariffs also will hit car prices in a big way.

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Speaker 2: They're set to increase by at least three hundred dollars

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Speaker 2: New Zealand per car. Fuel prices also will go up.

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Speaker 2: Small appliances prices will rise. Toy industry says they could

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Speaker 2: be devastated by olives. Their Rupert Murdock Wall Street Journal

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Speaker 2: is headlining its op ed now quote Trump takes the

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Speaker 2: dumbest tariff plunge. It warns that the journal had quote

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Speaker 2: courted mister Trump's eire by calling the Mexico and Canada

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Speaker 2: levies the dumbest in history. But they say we may

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Speaker 2: have understated the point, adding Trump is whacking friends, not adversaries.

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Speaker 2: End quote. However, we are seeing that trump Ism is

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Speaker 2: not about alliances right, It's about deals at the moment. Canada, also,

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Speaker 2: as you've noted, is calling the Trump tariffs very dumb,

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Speaker 2: but says Canada won't back down from a fight. Says

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Speaker 2: their PM Trudeau further on this, we.

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Speaker 3: Don't want this, We want to work with you. As

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Speaker 3: a friend and ally, and we don't want to see

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Speaker 3: you hurt either, but your government has chosen to do

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Speaker 3: this to you.

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Speaker 4: Well.

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Speaker 2: Canada is responding with an initial list of retaliatory tariffs,

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Speaker 2: with more set to take effect over the next twenty

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Speaker 2: one days. Mexico also will retaliate. The White House says

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Speaker 2: this it's all about immigration concerns and worries about the

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Speaker 2: smuggling of fentanyl. Both Mexico and Canada have made moves

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Speaker 2: in recent times to titan laws on these fronts. But

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Speaker 2: when it comes to fentanyl in Canada, about one percent

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Speaker 2: that drug makes its way illegally through the US Canadian border.

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Speaker 2: So yeah, it's all about Canadian fentanyl.

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Speaker 1: Right then we come to a speeches at nine o'clock

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Speaker 1: East Coast time to Congress. Of course, Zelenski's back down,

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Speaker 1: So does that mean he can say something about the

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Speaker 1: minerals thing tonight?

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Speaker 2: You reckon? Who knows what he said tonight? It will

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Speaker 2: certainly be an unusual addressed to the Joint Session in

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Speaker 2: the Congress. But yeah, Trump has announced in the background

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Speaker 2: of all it's a pause in the US military aid

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Speaker 2: to Ukraine in the wake of that fiasco.

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Speaker 4: The other day.

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Speaker 2: How long would a pause be. Would it be a

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Speaker 2: day or three, few months? Who knows? Forever? This is

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Speaker 2: the Trump team contributes to lashing out on Ukraine's Zelenski

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Speaker 2: with more comments from Vice President of Vance. Today, Zelensky,

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Speaker 2: as you say, seems to be shifting ground on this.

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Speaker 2: He says he and his team are ready to work

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Speaker 2: now under President Trump's strong leadership to get a piece

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Speaker 2: that lasts. Well, there's some diplos speak for you, folks.

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Speaker 2: They really love each other, right, VP Vance says the

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Speaker 2: US still is open to doing a deal with Ukraine

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Speaker 2: on rare earth minerals, and Vance says he still thinks

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Speaker 2: that is on the table.

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Speaker 5: Well, I certainly do, and I think the President is

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Speaker 5: still committed to the mineral deal. I think we've heard

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Speaker 5: some positive things, but not yet of course the signature

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Speaker 5: from our friends in Ukraine. But look, the mineral deal

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Speaker 5: is a really important part of the President's policy. Number one.

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Speaker 5: The American people have got to get some pay back.

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Speaker 2: Yeah, payback is his JD who is facing flak from

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Speaker 2: the Brits by describing the UK as quote some random

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Speaker 2: countries that hasn't forught a war in thirty years he's

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Speaker 2: got away with Woods vance, doesn't he? Democrat Childon white

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Speaker 2: House Senator white House saying, of the pressure game that

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Speaker 2: we're seeing.

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Speaker 4: What it looks like is extortion by Trump of Ukraine

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Speaker 4: for Russia. All of the pressure in the so called

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Speaker 4: negotiation is on the Ukrainian side. And I see the

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Speaker 4: vice president of the President ask acting very directly as

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Speaker 4: agents of Putin and Russia in the so called negotiations.

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Speaker 4: Imagine if Franklin Delan Roosevelt had told Winston Churchill, we're

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Speaker 4: cutting off lendlease, you have to negotiate with Hitler and

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Speaker 4: be prepared to give up some of your territory and

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Speaker 4: put no pressure on Hitler.

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Speaker 2: So that's the Democrats' view. Are there assurances that put

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Speaker 2: In really is seeking peace? Is there any pressure on

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Speaker 2: Moscow in any of this? Meantime, the Krimlins say they

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Speaker 2: think you was policy now very much in line with

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Speaker 2: Russia's term.

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Speaker 1: All right, speak at three pm this afternoon, New Zealand time. Rich,

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Speaker 1: appreciate it very much. Please explain this is Trump on

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Speaker 1: truth social a couple of moments. Please explain to Governor

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Speaker 1: Trudeau that when he puts on a retellia true tefe

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Speaker 1: a tariff on the uf OUR reciprocal tariff will immediately

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Speaker 1: increase by a like amount. So this is going, you know,

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Speaker 1: fifteen thirty forty five, and so it goes.

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