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Speaker 1: Here is Donald Trump familiar today. For decades, our country

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Speaker 1: has been looted, pillage, raped, and plundered by nations near

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Speaker 1: and far, both friend and foe alike.

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Speaker 2: But it is not going to happen anymore.

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Speaker 1: Janet Hoffman is a Republican strategist with me this afternoon.

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Speaker 2: Hui Jane, Hi, Good afternoon, Ryan. Thanks for having me.

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Speaker 1: Great to have you on the show. How's it going

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Speaker 1: down in America? Futures are already down significantly on the

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Speaker 1: back of this, but how people feeling about them?

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Speaker 2: Well, it's a little controversial here too. In America. Stocks

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Speaker 2: are down as well. There's a lot of uncertainty with

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Speaker 2: the markets with this very controversial tariff plan. As we

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Speaker 2: just heard, President Trump is claiming that other nations have

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Speaker 2: been ripping America off for decades with tariffs, and he

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Speaker 2: wants to even the playing field. But of course that's

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Speaker 2: controversial because America has not implemented broad based tariffs since

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Speaker 2: nineteen thirty, because the out come has been trade wars,

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Speaker 2: which is not beneficial for anyone. In fact, when that happened,

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Speaker 2: the tariff fact of nineteen thirty sparked the Great Depression

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Speaker 2: for America. So what happens next is anybody's guess. You

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Speaker 2: know a lot of people think this could increase consumer

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Speaker 2: prices for Americans and across the globe if this turns

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Speaker 2: into a mass of global trade war.

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Speaker 1: What is your sense of the reason he's really doing this.

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Speaker 1: Is this just you know, putting a steak in the

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Speaker 1: sand for you know, bargaining later to get the tariffs

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Speaker 1: down from other countries, or is it? I mean, if

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Speaker 1: you listen to the way he talks, he's talking about

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Speaker 1: stuff like if we were at war and we needed medicines,

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Speaker 1: you know, we need to bring back manufacturing for our

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Speaker 1: military might and capability should we need it. Which of

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Speaker 1: these two you know, competing ideas about why do you

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Speaker 1: do you buy?

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Speaker 2: Well? Two things well can be true, Ryan, You know

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Speaker 2: one of the things if you looked in the audience

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Speaker 2: of his speech, he was surrounded by auto workers and

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Speaker 2: teamsters and unions who are desperate to bring manufacturing back

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Speaker 2: to America because that ship has sailed a long long

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Speaker 2: time ago. And he does. President Trump does have commitments

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Speaker 2: to bring manufacturing back from pharmaceutical companies, as you mentioned,

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Speaker 2: from Pfizer, and from auto manufacturers, and from Apple and

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Speaker 2: from other companies. And the other thing that also can

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Speaker 2: be true, as you said, this can be in negotiating

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Speaker 2: chips with other countries to bring their terriffs down, in

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Speaker 2: which I think would be smart, right if this could

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Speaker 2: just be negotiations back and forth instead of a tit

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Speaker 2: for chat and saying if you're going to raise tariffs,

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Speaker 2: then I'm going to raise terraffs, and then everything becomes

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Speaker 2: more expensive, and then we get into this back and

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Speaker 2: forth into trade war. And I will say when President

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Speaker 2: Trump did implement tariffs in the first term, it did

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Speaker 2: hurt American agricultural business, farmers, the American bourbon trades in Louisville, Kentucky,

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Speaker 2: the whiskey businesses in Tennessee, because those are big exports

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Speaker 2: for America. So when we implemented tariffs on other countries,

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Speaker 2: those countries slap tariffs right back on us. So if

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Speaker 2: it can be a negotiating chip where we say to

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Speaker 2: other countries, lower your tariffs and we won't implement them

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Speaker 2: on you, that would be a good thing. But the

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Speaker 2: fear is that the prices will go up across the board.

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Speaker 1: Looking at the stock market, and I know a lot

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Speaker 1: of this was priced and over the last couple of weeks.

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Speaker 1: But looking at the stock marketing, looking at the futures,

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Speaker 1: if a recision comes to America, what does it do

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Speaker 1: to Trump?

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Speaker 2: Well, that would not be good for Trump's legacy because, frankly,

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Speaker 2: I think he was elected because of prices, because of inflation,

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Speaker 2: because the price of groceries, and he said it himself, groceries,

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Speaker 2: you know, that was the number one reason why he

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Speaker 2: was elected. People couldn't stand the price of eggs, the

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Speaker 2: price of just basic consumer goods, the price of gasoline.

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Speaker 2: So if everything prices go up we hit a recession,

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Speaker 2: that will be bad news for Trump's legacy and also

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Speaker 2: for midterms that the House of Representatives will be elected

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Speaker 2: next year for Republicans, because that margin the Republicans currently

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Speaker 2: hold a very slim margin right now, So that would

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Speaker 2: be bad for any kind of legislation that the president

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Speaker 2: hopes to pass in the future of his term.

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Speaker 1: Interesting stuff, Jennett, Thank you very much for your time.

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Speaker 1: Janet Hoffman, Republican strategist out of the States for US

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Speaker 1: in the Southternoon For more from Hither Duplessy Allen Drive

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Speaker 1: listen live to news talks. It'd be from four pm

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