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Speaker 1: So it's not Charles Fellman, morning to you.

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Speaker 2: Mike, Hey, how were you very well?

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Speaker 1: Indeed, tariffs are in we're sort of where are we

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Speaker 1: at officially? We just wait and see how it plays

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Speaker 1: out officially.

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Speaker 2: Well exactly. But you know, look, what President Trump has

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Speaker 2: done is he has single handedly changed the way if

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Speaker 2: trade is conducted around the world and the way it

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Speaker 2: has been conducted for more than a century. I mean,

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Speaker 2: that's quite a feat. Whether one agrees with it or not,

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Speaker 2: it's actually remarkable. Now, the effects of that are yet

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Speaker 2: to be determined. You know, we're talking about on average

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Speaker 2: tariff rate in excess of about eighteen percent, some countries

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Speaker 2: a lot more, some a little bit less. But however

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Speaker 2: you look at it, this is going to cost American

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Speaker 2: consumers more money. It is going to cost people in

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Speaker 2: other countries more money as well.

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Speaker 1: How does this play out to the extent Trump will

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Speaker 1: They're bringing in billions, billions and billions and billions in tariffs.

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Speaker 1: Where's that money going? And as I stand in the

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Speaker 1: aisle paying more for the Coca cola, will I ever

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Speaker 1: see it?

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Speaker 2: No? This is my good question. This money goes into

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Speaker 2: the treasury of the United States and largely will help

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Speaker 2: pay for the tax cuts that President Trump got through Congress.

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Speaker 2: Tax cuts mostly that will benefit people who are very wealthy,

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Speaker 2: so they make up that shortfall. The revenue coming in

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Speaker 2: from these tariffs will go toward that. As for the

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Speaker 2: average consumer, what's going to happen, and it's already starting

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Speaker 2: to happen, is prices that the supermarket will start creeping up.

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Speaker 2: Prices for automobiles will go up. Prices for almost anything

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Speaker 2: that Americans get as an imported product will rise.

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Speaker 1: Okay, update meing on is Trump and Putin go? And

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Speaker 1: if it is go, where when? And is Zelenski there?

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Speaker 2: Well? I The Kremlin at least seems to indicate that

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Speaker 2: there is a meeting sometime next week, probably in the

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Speaker 2: United Arab Emirates, between the Putin and Trump. One of

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Speaker 2: the sticking points, it seems to me anyway, is that

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Speaker 2: the White House has always said that Zelenski from Ukraine,

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Speaker 2: President Zolensky would have to be there. No indication from

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Speaker 2: the Kremlin that that's the case. Actually quite the opposite, unreal.

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Speaker 1: All right, we'll see how applies that. By the way,

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Speaker 1: they rounded up the Democrats and takes us year to

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Speaker 1: where they've gone to.

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Speaker 2: Well, yeah, the Democrats that have fled to, you know,

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Speaker 2: states like New York and California where I am in Illinois,

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Speaker 2: and now the FBI apparently is getting involved to try

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Speaker 2: to round them up. It's not at all clear whether

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Speaker 2: or not there's any legal basis for rounding them up.

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Speaker 2: You know, state legislatures are governed by state law, not

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Speaker 2: federal law, and if a particular member of the state

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Speaker 2: legislature decides to flee to another state, I'm not quite

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Speaker 2: sure what federal law the FBI has the authority to

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Speaker 2: use to bring them back or do anything to them

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Speaker 2: for that matter.

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Speaker 1: ChEls, good catch up, Charles Feldman, Well next week, Ken,

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Speaker 1: We'll see what happens over the weekend, I guess.

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Speaker 2: And that.

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