1 00:00:00,120 --> 00:00:02,120 Speaker 1: You're not being clear though, how I'm going to get 2 00:00:02,160 --> 00:00:03,000 Speaker 1: my money back. 3 00:00:03,160 --> 00:00:03,880 Speaker 2: Here's the thing. 4 00:00:03,960 --> 00:00:07,320 Speaker 1: If FedEx or any other big company wants a massive 5 00:00:07,520 --> 00:00:10,639 Speaker 1: tariff refund, they need to be clear about how everyday 6 00:00:10,680 --> 00:00:13,560 Speaker 1: Americans who largely paid for the costs are actually going 7 00:00:13,640 --> 00:00:17,040 Speaker 1: to see the money that's returned. Fed X filed a 8 00:00:17,120 --> 00:00:21,160 Speaker 1: lawsuit after the Supreme Court ruled that the Trump tariffs 9 00:00:21,160 --> 00:00:25,160 Speaker 1: were illegal, and now they're asking a federal trade court 10 00:00:25,560 --> 00:00:28,120 Speaker 1: to refund tariffs that were paid. 11 00:00:27,920 --> 00:00:28,480 Speaker 2: Back to them. 12 00:00:28,840 --> 00:00:31,680 Speaker 1: Could mean hundreds of billions of dollars. 13 00:00:32,120 --> 00:00:32,960 Speaker 2: But where's my money? 14 00:00:33,080 --> 00:00:35,240 Speaker 3: Yeah, let's walk through this from the beginning here. 15 00:00:35,320 --> 00:00:39,559 Speaker 4: So Trump raises tariffs and everybody says, well, you know, 16 00:00:39,840 --> 00:00:41,680 Speaker 4: the American people are just going to pay that because 17 00:00:41,760 --> 00:00:45,720 Speaker 4: the tariffs are technically paid by the importing company. So 18 00:00:45,760 --> 00:00:48,199 Speaker 4: when a company imports something from overseas, Trump puts the 19 00:00:48,200 --> 00:00:50,120 Speaker 4: tariff on it, the importing company here in. 20 00:00:50,080 --> 00:00:52,040 Speaker 3: The United States has to pay that tariff. 21 00:00:52,200 --> 00:00:54,720 Speaker 4: And then we were told, of course that the company 22 00:00:54,760 --> 00:00:58,440 Speaker 4: is just going to pass those those costs on by 23 00:00:58,520 --> 00:01:00,920 Speaker 4: raising prices on the products and services they sell, so 24 00:01:01,040 --> 00:01:04,399 Speaker 4: ultimately higher prices for us, the American consumer because of 25 00:01:04,400 --> 00:01:05,000 Speaker 4: this tariff. 26 00:01:05,280 --> 00:01:08,080 Speaker 3: Now fed X is going to the federal. 27 00:01:07,800 --> 00:01:10,960 Speaker 4: Government saying, hey, we want all our money back that 28 00:01:11,000 --> 00:01:12,319 Speaker 4: we paid in those tariffs. 29 00:01:12,560 --> 00:01:16,480 Speaker 3: And as a consumer, I'm like, hey, fed X, we paid. 30 00:01:17,080 --> 00:01:19,399 Speaker 4: Who could I sue to get my money back because 31 00:01:19,400 --> 00:01:20,840 Speaker 4: you told me that you were just going to pass 32 00:01:20,920 --> 00:01:23,959 Speaker 4: those costs along to me for higher prices what you 33 00:01:24,040 --> 00:01:24,440 Speaker 4: charged me. 34 00:01:24,800 --> 00:01:27,000 Speaker 3: But now where am I going to get my money back? 35 00:01:27,080 --> 00:01:31,319 Speaker 4: So this is potentially fed X and other companies that 36 00:01:31,120 --> 00:01:33,119 Speaker 4: are that are fighting to get the tariff money back 37 00:01:33,560 --> 00:01:36,800 Speaker 4: double dipping on us because they raised their prices on us. 38 00:01:36,920 --> 00:01:38,960 Speaker 4: We paid them more money, and now they're going to 39 00:01:39,040 --> 00:01:41,280 Speaker 4: get potentially this massive teriff. 40 00:01:41,000 --> 00:01:43,479 Speaker 3: Frey fund from the federal government. This states on. 41 00:01:43,480 --> 00:01:46,360 Speaker 1: All levels, and in some cases they raised the price 42 00:01:46,400 --> 00:01:49,800 Speaker 1: of the entire product, even if the tariff was only 43 00:01:49,840 --> 00:01:52,560 Speaker 1: applied to a portion of the product. 44 00:01:52,680 --> 00:01:55,400 Speaker 4: Yeah, and look, I mean this sucks on every level 45 00:01:55,440 --> 00:01:58,560 Speaker 4: and we should be complaining about it. But from a 46 00:01:58,600 --> 00:02:04,000 Speaker 4: business perspective, look, here's how my experience with businesses work. 47 00:02:04,560 --> 00:02:07,800 Speaker 4: They're gonna keep raising prices as long as you keep 48 00:02:07,800 --> 00:02:10,880 Speaker 4: paying for it. That's the way capitalism in the marketplace. 49 00:02:11,280 --> 00:02:13,560 Speaker 4: Product you gotta pay, you gotta pay. We're gonna raise 50 00:02:13,560 --> 00:02:15,639 Speaker 4: the price on you. Well, people are still gonna pay. 51 00:02:15,760 --> 00:02:17,400 Speaker 4: Some will still pay. You may lose a for a 52 00:02:17,480 --> 00:02:19,600 Speaker 4: few customers, but you still may be money ahead after 53 00:02:19,639 --> 00:02:22,160 Speaker 4: all of it. If we want lower prices on stuff, 54 00:02:22,320 --> 00:02:25,200 Speaker 4: we need more competition. That's how that's the only way 55 00:02:25,200 --> 00:02:28,480 Speaker 4: that prices come down is with more competition in the marketplace. 56 00:02:28,520 --> 00:02:32,360 Speaker 1: The Treasury Secretary of Scott Bessen said that FEDEC should 57 00:02:32,400 --> 00:02:35,000 Speaker 1: explain how it plans to return any tariff free paids 58 00:02:35,000 --> 00:02:35,760 Speaker 1: to customers. 59 00:02:36,760 --> 00:02:37,160 Speaker 2: It's more. 60 00:02:37,200 --> 00:02:39,440 Speaker 1: We're talking about more than one hundred and seventy five 61 00:02:39,560 --> 00:02:41,640 Speaker 1: billion dollars in tariff revenue. 62 00:02:41,720 --> 00:02:43,160 Speaker 3: Yeah, this is you. Well, look at Trump. 63 00:02:43,160 --> 00:02:45,560 Speaker 4: Trump's been talking about how beautiful tariffs are and our 64 00:02:45,600 --> 00:02:49,040 Speaker 4: trade deficits down, and that tariffs are so incredible. 65 00:02:48,480 --> 00:02:50,480 Speaker 3: And so amazing. You just said this yesterday. 66 00:02:50,560 --> 00:02:53,200 Speaker 4: Tariffs are so beautiful and so incredible and so amazing 67 00:02:53,400 --> 00:02:55,519 Speaker 4: that one day we may be able to get rid 68 00:02:55,520 --> 00:02:58,560 Speaker 4: of the income tax entirely and just fund the federal 69 00:02:58,600 --> 00:02:59,600 Speaker 4: government through tariffs. 70 00:02:59,600 --> 00:03:02,160 Speaker 3: So yeah, we're talking about a ton of money here. 71 00:03:03,280 --> 00:03:05,560 Speaker 2: Did you know what the T and T shirt stands for? 72 00:03:05,800 --> 00:03:08,920 Speaker 3: I didn't until I saw this article. I had no idea. 73 00:03:09,200 --> 00:03:12,839 Speaker 2: Lots of people just figuring this out. I had no idea. Well, 74 00:03:12,880 --> 00:03:15,120 Speaker 2: it makes sense though, once you realize what it is. 75 00:03:15,160 --> 00:03:18,679 Speaker 4: When I saw this article, I was actually kind of 76 00:03:18,720 --> 00:03:22,000 Speaker 4: embarrassed because I, man of a certain age, been around 77 00:03:22,000 --> 00:03:23,959 Speaker 4: this planet for a long time a T shirt. I 78 00:03:24,200 --> 00:03:26,680 Speaker 4: have owned lots of T shirts. Not once did I 79 00:03:26,760 --> 00:03:28,240 Speaker 4: ever think to myself in the. 80 00:03:28,200 --> 00:03:29,760 Speaker 3: Fifties T stands. 81 00:03:29,919 --> 00:03:31,959 Speaker 4: Yeah, in the fifty some years I've been on this planet, 82 00:03:32,040 --> 00:03:34,160 Speaker 4: I wonder why it's called the T shirt, and I 83 00:03:34,200 --> 00:03:35,560 Speaker 4: wonder what the T stands for. 84 00:03:35,680 --> 00:03:37,760 Speaker 3: So it was a question I never even thought to. 85 00:03:37,760 --> 00:03:42,880 Speaker 1: Ask the T stands for the letter T. Because when 86 00:03:42,920 --> 00:03:45,480 Speaker 1: you lay the T shirt flat, the body and the 87 00:03:45,480 --> 00:03:48,360 Speaker 1: sleeves formed the shape of a capital letter T. 88 00:03:49,480 --> 00:03:52,280 Speaker 4: Easy, right and almost and like it seems so dumb 89 00:03:52,280 --> 00:03:53,120 Speaker 4: that it can't like that. 90 00:03:53,120 --> 00:03:55,400 Speaker 3: That can't be right. That just seems like too much 91 00:03:55,400 --> 00:03:56,080 Speaker 3: of a dumb house. 92 00:03:56,440 --> 00:03:59,520 Speaker 4: I'm waiting for some elaborate story about some guy whose 93 00:03:59,600 --> 00:04:02,400 Speaker 4: last name started with T that invented it and so 94 00:04:02,480 --> 00:04:05,040 Speaker 4: it's named after him. But no, it's just that's kind 95 00:04:05,080 --> 00:04:07,320 Speaker 4: of the way the shirt looks a T shirt. Does 96 00:04:07,360 --> 00:04:09,800 Speaker 4: this apply to other clothing because I've heard the term, 97 00:04:10,000 --> 00:04:12,200 Speaker 4: like for women's clothing, like, isn't there like an a 98 00:04:12,360 --> 00:04:13,120 Speaker 4: line skirt? 99 00:04:13,640 --> 00:04:14,240 Speaker 3: Isn't that a thing? 100 00:04:14,360 --> 00:04:14,520 Speaker 1: Yes? 101 00:04:14,600 --> 00:04:15,560 Speaker 2: Because it looks like an ag. 102 00:04:15,600 --> 00:04:17,040 Speaker 4: Because it looks like an a it's kind of got 103 00:04:17,040 --> 00:04:18,800 Speaker 4: a point at the top and then two parts that 104 00:04:18,880 --> 00:04:19,320 Speaker 4: come down. 105 00:04:19,480 --> 00:04:20,520 Speaker 2: Yes, very good. 106 00:04:20,640 --> 00:04:24,080 Speaker 3: I see I can apply this to other clothing. 107 00:04:24,120 --> 00:04:25,440 Speaker 2: How many T shirts do you think you have in 108 00:04:25,480 --> 00:04:26,000 Speaker 2: your closet. 109 00:04:27,040 --> 00:04:28,760 Speaker 3: I'm a heavy T shirt guy. It's weird. 110 00:04:28,800 --> 00:04:30,760 Speaker 4: I'm actually wearing a shirt with a collar today, which 111 00:04:30,800 --> 00:04:32,039 Speaker 4: is a little lot of character for me. 112 00:04:32,160 --> 00:04:37,720 Speaker 3: But I I would I guess I probably have forty 113 00:04:38,279 --> 00:04:42,080 Speaker 3: T shirts. I'll say lot. I'll say less than fifty. 114 00:04:41,880 --> 00:04:45,960 Speaker 1: But it's a lot simple, it's practical, typically comfortable. 115 00:04:46,200 --> 00:04:48,320 Speaker 3: They're made out of cotton. It's a breathable material. 116 00:04:49,200 --> 00:04:50,760 Speaker 2: Love a good T shirt, Yeah, you know the best 117 00:04:50,839 --> 00:04:53,520 Speaker 2: kind of T shirt? The free kind, A free T 118 00:04:53,640 --> 00:04:54,280 Speaker 2: shirt swag. 119 00:04:54,600 --> 00:04:57,000 Speaker 3: Yeah, with somebody, some business's name on it. 120 00:04:57,680 --> 00:05:00,080 Speaker 2: There's always the what sized T shirt are you? I 121 00:05:00,080 --> 00:05:02,160 Speaker 2: don't know. Is it a men's cut or a women's cut. 122 00:05:02,320 --> 00:05:04,760 Speaker 2: I don't need a boxy men's T shirt. 123 00:05:05,000 --> 00:05:07,479 Speaker 4: This is something again, there's something I learned, and I 124 00:05:07,560 --> 00:05:09,160 Speaker 4: learned that a long time ago, but I had no 125 00:05:09,279 --> 00:05:14,279 Speaker 4: idea that there was an entire line of T shirts 126 00:05:14,400 --> 00:05:16,599 Speaker 4: that were cut specifically for women, and. 127 00:05:18,240 --> 00:05:18,880 Speaker 3: It exists. 128 00:05:19,000 --> 00:05:21,600 Speaker 1: There are So there's a new survey that came out 129 00:05:21,640 --> 00:05:25,520 Speaker 1: that people who are saying Donald Trump is becoming more erratic. 130 00:05:26,480 --> 00:05:30,320 Speaker 1: This from the same company that just said his State 131 00:05:30,360 --> 00:05:33,080 Speaker 1: of the Union address was moving the needle with a 132 00:05:33,080 --> 00:05:35,719 Speaker 1: lot of people. Seeah, which is it, Well, it's funny 133 00:05:36,040 --> 00:05:38,800 Speaker 1: he is he doing well or is he becoming more erratic. 134 00:05:38,960 --> 00:05:41,159 Speaker 4: We talked about this earlier about how the CNN poll 135 00:05:41,240 --> 00:05:43,279 Speaker 4: that talked about how Trump had a huge State of 136 00:05:43,279 --> 00:05:45,880 Speaker 4: the Union the other night, and people are still talking 137 00:05:45,880 --> 00:05:47,840 Speaker 4: about It's the number one thing. Everybody's still talking about 138 00:05:47,839 --> 00:05:49,799 Speaker 4: State of the Union. So I go to CNN's website 139 00:05:49,960 --> 00:05:52,880 Speaker 4: and I see the headline the number one story says, 140 00:05:52,960 --> 00:05:56,800 Speaker 4: poll shows increasing And I thought, oh, this is increasing 141 00:05:56,800 --> 00:05:58,359 Speaker 4: poll numbers for Trump's State of the Union. 142 00:05:58,440 --> 00:06:00,960 Speaker 3: No increasing concern about mental acuity. 143 00:06:01,000 --> 00:06:03,840 Speaker 4: Of course, of course, CNN, you just did two poles, 144 00:06:04,040 --> 00:06:06,560 Speaker 4: one showing how Trump's doing great. It's what everybody in 145 00:06:06,600 --> 00:06:08,320 Speaker 4: the whole world is talking about the State of the Union. 146 00:06:08,440 --> 00:06:10,360 Speaker 4: But you decide to highlight this pole where it shows 147 00:06:10,400 --> 00:06:11,280 Speaker 4: Trump's not doing great. 148 00:06:11,320 --> 00:06:11,680 Speaker 2: Yeah, we'll