WEBVTT - 1-2-26 America's Truckin' Network 0:00:11.000 --> 0:00:13.800 This is America's Trucking Network with Kevin Gordon. 0:00:16.040 --> 0:00:19.720 Welcome aboard, Thanks for tuning in on this. I guess 0:00:19.760 --> 0:00:24.400 basically first workday of the year, the new year for 0:00:24.680 --> 0:00:27.200 a lot of people. Well, of course you in the 0:00:27.240 --> 0:00:32.400 trucking industry, and it's just another day for you, because 0:00:32.720 --> 0:00:35.040 a lot of people didn't have the time off because 0:00:35.080 --> 0:00:38.680 they're keeping the wheels of the economy flowing. Also first responders, 0:00:38.720 --> 0:00:43.760 police and fire, hospital workers, food service employees, hotel motel workers, 0:00:44.040 --> 0:00:46.120 store clerks, convenience store employees. 0:00:46.320 --> 0:00:48.520 All of those worked over the holiday. 0:00:48.320 --> 0:00:51.160 And I hope they got a few compliments from people 0:00:51.240 --> 0:00:54.600 stopping by and saying, hey, thanks for being here because 0:00:55.120 --> 0:00:57.960 we're out having fun and you know, we need gas, 0:00:58.040 --> 0:01:00.120 we need to go to the hospitals and stuff like that. 0:01:00.120 --> 0:01:00.240 That. 0:01:00.360 --> 0:01:03.040 So again, hats off to all the people that work. 0:01:03.440 --> 0:01:06.720 But also, this is the ninth to day of Christmas. 0:01:06.760 --> 0:01:09.800 Because the Christmas season, the twelve days of Christmas are 0:01:09.800 --> 0:01:12.959 not the twelve days before Christmas. It's the twelve days 0:01:13.000 --> 0:01:15.920 after Christmas. And we've talked about that on this program 0:01:16.040 --> 0:01:20.440 numerous times now. This is like the first day after 0:01:21.319 --> 0:01:23.280 in my opinion, well, it seems like. 0:01:23.200 --> 0:01:25.520 This has been one of the most unusual weeks. 0:01:25.760 --> 0:01:28.240 You know, there are times when you have a holiday 0:01:28.280 --> 0:01:33.120 that falls on a Tuesday or a Wednesday, and people 0:01:33.200 --> 0:01:36.480 will say that, well, it feels like we've had two 0:01:36.520 --> 0:01:39.319 Mondays this week, because you know, they're off on Wednesday 0:01:39.319 --> 0:01:41.480 and then they come back into work on Thursday. They 0:01:42.000 --> 0:01:45.560 had the Monday and then now Thursday. But this holiday, 0:01:45.680 --> 0:01:48.320 or this Christmas season was kind of unusual because with 0:01:48.440 --> 0:01:51.800 Christmas being on Thursday, and then of course New Year's 0:01:51.880 --> 0:01:55.240 Day being on Thursday as well, some. 0:01:55.080 --> 0:01:57.640 People took off that Friday. 0:01:57.560 --> 0:02:00.760 And people were trying to cram in there final week 0:02:00.840 --> 0:02:03.240 of vacation, and they time that so that they could 0:02:03.280 --> 0:02:05.480 get that in before the end of the year. And 0:02:06.000 --> 0:02:09.240 it just seemed like some people and some businesses, like 0:02:09.280 --> 0:02:12.000 they are companies, they didn't know what to do with 0:02:12.120 --> 0:02:15.720 that time period in between. Do you just say, okay, 0:02:15.760 --> 0:02:17.440 because we're going to come back to work on that 0:02:17.520 --> 0:02:20.360 Monday after Christmas and then be there Monday Tuesday, and 0:02:20.360 --> 0:02:22.960 then half a day on New Year's Day or something 0:02:23.000 --> 0:02:25.720 along those lines. So it's been kind of a topsy 0:02:25.760 --> 0:02:28.560 turvy period of time. And I can't tell you the 0:02:28.639 --> 0:02:31.160 number of people I've talked to that when you get 0:02:31.200 --> 0:02:35.480 into conversation with them because of their mind being that, Okay, 0:02:35.800 --> 0:02:38.880 my day off or a day off is like a weekend, 0:02:39.320 --> 0:02:41.480 and then you ask them what it seems like a 0:02:41.480 --> 0:02:43.640 lot of people were confused as to what day it was. 0:02:43.800 --> 0:02:47.480 They said, oh, yeah, today's Today's Tuesday. It's not Monday, 0:02:47.480 --> 0:02:50.320 it's not whatever. And I think it was just because 0:02:50.520 --> 0:02:54.240 the way the holiday fell on a Thursday, and then 0:02:54.520 --> 0:02:57.639 some people again taking off on Friday, then coming back 0:02:57.680 --> 0:03:00.760 in on Monday, and then you know, the short work week. 0:03:00.840 --> 0:03:03.160 So at some point, like I said, a lot of people, 0:03:03.520 --> 0:03:05.040 I can't tell you the number of people that I 0:03:05.120 --> 0:03:08.000 talked to that they would be in a conversation and 0:03:08.040 --> 0:03:10.280 they go, well, okay, well I'm going to schedule this 0:03:10.440 --> 0:03:13.119 for well wait a minute, I can't schedule this for Wednesday, 0:03:13.160 --> 0:03:16.880 because that's that's New Year's even most people won't be off. 0:03:17.200 --> 0:03:19.800 And even some businesses and people that I tried to 0:03:19.840 --> 0:03:23.959 contact to get something scheduled should they were actually off 0:03:24.080 --> 0:03:26.920 for almost the entire well they kind of closed business 0:03:26.919 --> 0:03:30.080 on that Wednesday before Christmas and we're off the entire week. 0:03:30.600 --> 0:03:30.840 You know. 0:03:31.400 --> 0:03:34.560 Again, some people in the retail business, I don't know 0:03:34.600 --> 0:03:36.920 how people do that, but you know, there were a 0:03:36.960 --> 0:03:38.600 lot of people that did. I'm just you know, just 0:03:38.720 --> 0:03:41.600 ranting here because it's been kind of a confusing time, 0:03:41.640 --> 0:03:43.360 and like I said, there's a lot of people I've 0:03:43.360 --> 0:03:45.640 talked to that kind of seemed like they were off 0:03:45.680 --> 0:03:47.760 in terms of kind of figuring out what actually what 0:03:47.920 --> 0:03:50.280 day it was. And one of the stories I've seen 0:03:50.520 --> 0:03:54.680 that kind of piqued my interest talking about looking back 0:03:54.680 --> 0:03:56.839 in the rearview mirror, and everybody wants to look back 0:03:56.840 --> 0:03:59.240 on twenty twenty five and try to, you know, draw 0:03:59.320 --> 0:04:03.400 some of some sense to it or or kind of 0:04:03.400 --> 0:04:07.280 summarize it or whatever. But one article I read, the 0:04:07.320 --> 0:04:10.960 title of it was how Trump overturned decades of US 0:04:10.960 --> 0:04:15.720 policy in twenty twenty five. And like a lot of stories, 0:04:15.760 --> 0:04:18.080 and as you heard me talk about on this program, 0:04:18.279 --> 0:04:20.240 there's a lot of stories that when you see the 0:04:20.279 --> 0:04:24.640 headline and then you dig into the story itself, they 0:04:24.920 --> 0:04:29.200 kind of approach it with a certain I guess intent 0:04:29.720 --> 0:04:32.560 where they want to make a particular point and it 0:04:32.680 --> 0:04:37.200 tends to be somewhat negative. But then within the conversation 0:04:37.400 --> 0:04:41.240 or within the story itself, there are gems or certain 0:04:41.240 --> 0:04:43.960 things that you pick out and you say, well, wait 0:04:43.960 --> 0:04:47.160 a minute, this isn't kind of flowing with what they 0:04:47.160 --> 0:04:50.200 are trying to get across here, and let's just kind 0:04:50.200 --> 0:04:52.080 of explain that when we get into this. 0:04:52.240 --> 0:04:53.440 Okay, they say. 0:04:53.440 --> 0:04:56.440 Since returning to the White House in January, President Donald 0:04:56.480 --> 0:05:01.120 Trump has overturned decades of US trade policy. See building 0:05:01.160 --> 0:05:04.480 a wall of tariffs around what used to be a 0:05:04.640 --> 0:05:08.440 wide open economy. Well, right off the bat, my question 0:05:08.640 --> 0:05:12.800 is really trade and balance from World War Two. Now, 0:05:13.520 --> 0:05:17.279 tariffs in the early days of our country was the 0:05:17.400 --> 0:05:21.240 driving force of income to this country. There was no 0:05:21.360 --> 0:05:25.520 income tax prior to until right around World War One, 0:05:25.960 --> 0:05:29.799 and really got solidified after World War Two. But tariffs 0:05:30.120 --> 0:05:33.360 generally brought in a lot of money. After World War Two, 0:05:33.839 --> 0:05:38.839 with Europe being decimated, Japan decimated, and a lot of 0:05:38.880 --> 0:05:42.520 countries around the world being decimated because they were on 0:05:42.560 --> 0:05:46.240 the battlefield there, America was at a diss of Us 0:05:46.320 --> 0:05:51.000 was at an advantage because our factories hadn't been blown up. 0:05:51.400 --> 0:05:53.719 We were and we had the ocean between us and 0:05:53.760 --> 0:05:56.880 where all the conflict was going on. And so it 0:05:56.960 --> 0:06:01.480 was a heyday for American business because no factories in Germany, 0:06:02.120 --> 0:06:05.039 a lot of destroyed in England, of course, in China, 0:06:05.200 --> 0:06:08.640 Japan and so on, So we were making money hands 0:06:08.680 --> 0:06:12.200 over fist. Now as those economies started to build up, 0:06:12.560 --> 0:06:15.720 they started we started allowing them or when they put 0:06:15.800 --> 0:06:19.799 tariffs in to kind of protect as a protectionist situation 0:06:19.960 --> 0:06:23.240 for themselves. They wanted to keep their economy going, and 0:06:23.279 --> 0:06:25.680 they wanted their goods to be competitive. They were a 0:06:25.680 --> 0:06:27.760 little bit more expensive than ours, so they put up 0:06:27.800 --> 0:06:31.440 these trade barriers to slow down some of our goods 0:06:31.440 --> 0:06:34.719 coming into their country. We did not put tariffs on 0:06:34.800 --> 0:06:37.680 their goods coming into our country, so they were a 0:06:37.720 --> 0:06:40.760 lot more competitive. Some of their prices were even cheaper, 0:06:41.040 --> 0:06:45.240 and so people had alternatives to buy, which by them 0:06:45.320 --> 0:06:48.680 buying these foreign goods, then built up the economies in 0:06:48.720 --> 0:06:52.000 these other countries. Well, this went on for obviously for 0:06:52.120 --> 0:06:56.680 decades of where this protectionist policy of keeping our goods 0:06:56.800 --> 0:06:59.520 out of their country or making our goods that much 0:06:59.560 --> 0:07:03.240 more defensive. For instance, you hardly ever saw any kind 0:07:03.240 --> 0:07:06.560 of an American automobile in Japan. You didn't have any 0:07:06.600 --> 0:07:09.880 Ford f one fifties. If you look around Europe, a 0:07:09.960 --> 0:07:13.120 lot of people are driving taxi cabs that are Mercedes Benz, 0:07:13.400 --> 0:07:16.640 which are luxury items here in the United States, but 0:07:17.240 --> 0:07:22.120 they were relatively inexpensive there. You don't see American cars 0:07:22.240 --> 0:07:24.800 on the roads in Europe. Now, granted some of them 0:07:24.840 --> 0:07:26.600 are a lot more narrow, but you look at the 0:07:26.640 --> 0:07:30.720 Mercedes Benz, they're not all that narrow. So if they 0:07:30.760 --> 0:07:34.200 can negotiate those streets over there, so can American cars. 0:07:34.280 --> 0:07:37.920 So a lot of our goods, again, we're being kept 0:07:37.920 --> 0:07:41.640 out of these areas artificially because of terrace. Donald Trump 0:07:41.680 --> 0:07:44.520 comes along, looks at the trade deficit we have with 0:07:44.600 --> 0:07:47.400 all these different countries and says, you know, what we're 0:07:47.400 --> 0:07:51.080 at kind of an unfair advantage or a disadvantage because 0:07:51.320 --> 0:07:54.160 these countries are charging X number of dollars and we're 0:07:54.160 --> 0:07:58.520 not charging any. On Liberation Day, he put up the 0:07:58.600 --> 0:08:03.280 various props and showed all one hundred and eighty countries. 0:08:03.320 --> 0:08:03.720 He had them. 0:08:03.880 --> 0:08:08.760 You know, listen out. You know four different things that 0:08:08.840 --> 0:08:12.320 he showed. They were like a folders or a placards 0:08:12.400 --> 0:08:14.920 or whatever that you could hold up. But he showed 0:08:14.920 --> 0:08:17.840 each one of those and showed each one one after 0:08:17.880 --> 0:08:21.920 the other, showing what they charged on our goods coming 0:08:21.960 --> 0:08:24.720 into their country versus what we charged on their goods 0:08:24.720 --> 0:08:28.960 coming into our country, and the numbers were astronomical. Charging 0:08:29.040 --> 0:08:32.520 thirty five percent tariff on our goods going into certain countries, 0:08:32.760 --> 0:08:36.360 we charging hardly any going into ours. So he decided 0:08:36.559 --> 0:08:38.920 and said he was going to level the playing field. 0:08:39.160 --> 0:08:42.720 We're all for free trade, but we're also for fair trade, 0:08:43.040 --> 0:08:46.720 and so started increasing the tariffs on their goods coming 0:08:46.720 --> 0:08:49.559 into our country to level the playing field and to 0:08:50.160 --> 0:08:55.280 basically reciprocal tariffs. Now, of course, all hell broke loose 0:08:55.320 --> 0:08:58.000 at that point in time, and people were saying this 0:08:58.120 --> 0:09:02.800 was going to throw us into a recession, unemployment, rapid inflation, 0:09:03.160 --> 0:09:03.760 and so on. 0:09:04.200 --> 0:09:08.359 But those and when they in this article. 0:09:08.080 --> 0:09:10.320 As soon as he says that they used to be 0:09:10.440 --> 0:09:13.880 a wide open economy. And my question is, as I've 0:09:13.880 --> 0:09:17.560 been explaining, is a wide open economy for who? Not 0:09:17.760 --> 0:09:20.400 for our goods going into these countries, but for their 0:09:20.440 --> 0:09:23.920 goods coming in. And so again, that was a negotiating 0:09:23.960 --> 0:09:27.720 tool to get them to lower their terraces on our 0:09:27.800 --> 0:09:31.120 goods going into their countries, and to a large extent 0:09:31.400 --> 0:09:36.000 that has been successful. Continuing on here, Trump has argued 0:09:36.040 --> 0:09:38.840 that a steep new import taxes are necessary to bring 0:09:38.880 --> 0:09:42.240 back wealth that was stolen from the US. He says 0:09:42.320 --> 0:09:45.520 it was by a narrow He said, well, narrow America's 0:09:45.559 --> 0:09:49.960 trade deficit, old trade deficit, and bring manufacturing back to 0:09:50.040 --> 0:09:53.000 this country. It was out of balance when we realized 0:09:53.040 --> 0:09:55.560 how But anyway, we'll pick this up on the other side. 0:09:55.720 --> 0:09:59.760 I'm Kevin Gordon, America's truck a Network, seven hundred WLW. 0:10:01.200 --> 0:10:03.480 Here's your trucking forecast for the Try State and the 0:10:03.480 --> 0:10:06.400 rest of the country and the Tri State. Overnight, mostly claudy, 0:10:06.440 --> 0:10:09.240 the low down to twenty three, a mostly sunny sky. Friday, 0:10:09.280 --> 0:10:11.880 a high of thirty six. Going into the weekend. Saturday, 0:10:11.920 --> 0:10:14.760 mostly claudy highs again in the upper thirty sunny Sunday, 0:10:14.840 --> 0:10:17.199 a high of thirty seven, and for those finally getting 0:10:17.200 --> 0:10:20.440 back to workers school Monday following the holiday, sunny and warmer. 0:10:20.559 --> 0:10:23.280 The high year fifty. Nationally, the West Coast scene more 0:10:23.280 --> 0:10:25.520 wet weather to start the new year. Meanwhile, much above 0:10:25.559 --> 0:10:28.000 average temperature scene from the northern Rockies, through the plains 0:10:28.000 --> 0:10:30.960 and into the lower Mississippi Valley, while below average temperatures 0:10:30.960 --> 0:10:33.760 are expected from the Upper Mississippi Valley, Great Lakes region 0:10:33.960 --> 0:10:37.400 and the Northeast. Like effects, no expected into Saturday downwind 0:10:37.440 --> 0:10:40.280 of lakes Erie, Ontario and Eastern Superior. 0:10:41.840 --> 0:10:47.040 I'm Kevin Gordon, America's Trucking Network seven hundred WLW. Continue 0:10:47.080 --> 0:10:50.720 our conversation from the previous segment, talking about this story 0:10:50.880 --> 0:10:55.400 how Trump overturned decades of US trade policy in twenty 0:10:55.480 --> 0:10:58.280 twenty five. For the most part, in my opinion, it's 0:10:58.320 --> 0:11:00.600 been a good thing. And of course we'll see some 0:11:00.640 --> 0:11:03.640 of those numbers coming up. But I was talking about how, 0:11:03.720 --> 0:11:07.200 you know, are you that bringing manufacturing back to this country. 0:11:07.520 --> 0:11:10.680 We saw during the pandemic when all of a sudden, 0:11:10.960 --> 0:11:14.679 you know, businesses were shut down, restaurants were closed, and 0:11:14.760 --> 0:11:15.960 everybody was buttoned up. 0:11:16.000 --> 0:11:17.360 People were unemployed people. 0:11:17.480 --> 0:11:19.880 You know, some people could work from home, but your 0:11:19.920 --> 0:11:22.400 restaurant workers are manufacturing a lot of that. 0:11:22.360 --> 0:11:24.600 Sort of stuff. Those businesses closed down. 0:11:24.960 --> 0:11:27.880 And when we saw how much of our goods were 0:11:27.880 --> 0:11:32.000 manufactured and brought in from China. You know, when you're 0:11:32.120 --> 0:11:34.600 going through the store, I don't know how many people 0:11:34.840 --> 0:11:37.880 pay attention to where goods are coming from. All they 0:11:37.920 --> 0:11:40.840 care about is they walk into the store, stuff's on 0:11:40.880 --> 0:11:43.440 the shelf, They buy the stuff. But when we started 0:11:43.440 --> 0:11:48.079 seeing how much medical equipment face mask gowns, that personal 0:11:48.120 --> 0:11:51.880 protection equipment had come from China. How much of our 0:11:51.920 --> 0:11:55.200 medicines came from China. That kind of woke people up 0:11:55.280 --> 0:11:58.040 to like, what the hell are we doing because they 0:11:58.080 --> 0:12:01.720 tried to deny it, but it was obvious that where 0:12:01.920 --> 0:12:07.840 the coronavirus had come from COVID nineteen. You know, of 0:12:07.880 --> 0:12:10.280 course they try again. They tried to deny it, but 0:12:10.320 --> 0:12:12.480 it was pretty clear where it came from, to the 0:12:12.480 --> 0:12:15.480 point where people are asking about, Okay, this is a 0:12:15.520 --> 0:12:19.440 country that started this pandemic, and yet they're the ones 0:12:19.480 --> 0:12:22.280 that are profiting by this because of all the goods 0:12:22.320 --> 0:12:23.160 and all the. 0:12:23.080 --> 0:12:24.440 Stuff that we're buying from them. 0:12:24.760 --> 0:12:27.719 So the thought at the time was that we need 0:12:27.720 --> 0:12:32.400 to start redomiciling a lot of our manufacturing and bringing 0:12:32.440 --> 0:12:34.800 that back to the United States so they're not so 0:12:34.960 --> 0:12:38.600 dependent upon other countries to keep our wheels of our 0:12:38.640 --> 0:12:41.679 economy flowing. So they go into this and they start 0:12:41.679 --> 0:12:45.080 showing the teriff rates remain elevated throughout twenty twenty five 0:12:45.160 --> 0:12:47.160 and so on. And they go into this and they're 0:12:47.160 --> 0:12:50.440 talking about twenty twenty five per data per the Yale 0:12:50.480 --> 0:12:52.520 Budget Lab, and they go through some of the numbers 0:12:52.800 --> 0:12:58.000 November's effective terif rate was nearly seventeen percent, seven times 0:12:58.040 --> 0:13:04.840 greater than January's average, the highest scene since nineteen thirty five. Now, 0:13:05.000 --> 0:13:07.120 let me just make a quick point here, all right, 0:13:07.160 --> 0:13:10.920 If the tariff rate was nearly seventeen percent, and this 0:13:11.240 --> 0:13:14.320 was charged on across the board on goods coming into 0:13:14.320 --> 0:13:18.160 the United States, if that was inflationary, and if it 0:13:18.240 --> 0:13:23.800 was going to cause rampant in a tremendous inflation, why 0:13:23.920 --> 0:13:28.080 wasn't the inflation rate around seventeen percent. Our inflation rate 0:13:28.240 --> 0:13:31.559 at the latest reading is at two point seven percent. 0:13:32.160 --> 0:13:35.080 As I said from the beginning, because going back to 0:13:35.120 --> 0:13:38.640 my studies of economics when I was back in school, 0:13:38.920 --> 0:13:42.560 they talked about tariffs do not necessarily lead to inflation. 0:13:42.960 --> 0:13:46.880 They are a revenue generating tool for a country and 0:13:47.040 --> 0:13:52.760 to try to balance out trade as far as exports 0:13:52.800 --> 0:13:56.560 and imports. Now, as far as that is concerned, again, 0:13:56.720 --> 0:14:00.400 at a seventeen percent rate, our inflation rate is his own. 0:14:00.480 --> 0:14:04.079 And what is causing inflation is out of control government spending. 0:14:04.320 --> 0:14:07.040 When they start issuing checks that don't need to be issued, 0:14:07.200 --> 0:14:11.320 when they start subsidizing things, and when they start this 0:14:12.440 --> 0:14:15.800 was an inflation reduction Act, which was nothing more than 0:14:15.880 --> 0:14:20.280 a payoff to the green energy or the climbiness as 0:14:20.320 --> 0:14:24.120 I call them, to try to bolster green energy and 0:14:24.320 --> 0:14:29.080 basically categorize and put in place the Green New Deal 0:14:29.160 --> 0:14:31.840 that was being proposed a couple of years before, or 0:14:31.880 --> 0:14:34.560 as I refer to it, the Green News Steel because 0:14:34.600 --> 0:14:37.160 it's a transfer of wealth from one sector of the 0:14:37.200 --> 0:14:40.640 economy to another. But again, when you're looking at this, 0:14:41.200 --> 0:14:45.960 the seventeen percent across pretty much on average rate of tariffs, 0:14:46.240 --> 0:14:49.920 our inflation rate was at two point seven percent. What 0:14:50.120 --> 0:14:52.800 happened and what had been being talked about by certain 0:14:52.840 --> 0:14:56.400 people like our friend Phil Flynn with Price Futures Group, 0:14:56.680 --> 0:15:02.880 Kevin O'Leary, Shark Tank Cudlow, Larry Cudlow from Fox Businesses 0:15:03.040 --> 0:15:06.120 and a very few handful of people around the country 0:15:06.160 --> 0:15:08.960 talking about tariffs we're going to be we're not going 0:15:09.000 --> 0:15:12.840 to lead to inflation and the fact that it levels 0:15:12.880 --> 0:15:15.840 the playing field. Now, when you look at how that 0:15:15.960 --> 0:15:20.560 is done, you look at the manufacturing country overseas that 0:15:20.680 --> 0:15:25.240 has very low hourly wages, like in China, their average 0:15:25.280 --> 0:15:28.560 hourly rate is between five dollars and seven dollars an hour. 0:15:28.920 --> 0:15:31.320 They don't have any benefits, they don't have any vacation 0:15:31.440 --> 0:15:34.920 time or whatever. So their cost per hour is about 0:15:34.960 --> 0:15:38.800 five to seven dollars. In the United States, our average 0:15:38.840 --> 0:15:43.920 annual rate hourly rate across the board, averaging every industry 0:15:44.240 --> 0:15:46.440 is around thirty seven and a half dollars per hour. 0:15:46.720 --> 0:15:49.640 Now that includes the fact that we've got certain things 0:15:49.640 --> 0:15:53.200 in terms of vacation pay and benefits and that type 0:15:53.200 --> 0:15:57.480 of thing, and so just on par the labor costs 0:15:57.520 --> 0:16:01.600 here are a lot higher. The manufacturers over there have 0:16:01.800 --> 0:16:05.440 a large margin between what they manufacture the item for 0:16:05.640 --> 0:16:08.680 and what they can sell it for. They're concerned about 0:16:08.720 --> 0:16:12.560 them keeping market share so that they don't price themselves out, 0:16:12.760 --> 0:16:16.640 so they ate some of those tariffs. The exporter that 0:16:16.960 --> 0:16:20.320 has some of the business and then shipping those overseas, 0:16:20.680 --> 0:16:23.760 they absorbed some of that tariff. Then on the other end, 0:16:23.800 --> 0:16:26.800 you got the importer that again wants to sell these 0:16:26.840 --> 0:16:30.480 products and keep the goods flowing, they absorbed some of 0:16:30.520 --> 0:16:33.960 that tariff. Then you have the wholesalers or distributors that 0:16:34.080 --> 0:16:36.320 again looked at that and said, well, you know, we've 0:16:36.360 --> 0:16:37.880 got a pretty decent market share. 0:16:38.040 --> 0:16:40.000 We don't want to overprice our products. 0:16:40.120 --> 0:16:43.240 And then them. 0:16:42.080 --> 0:16:44.040 Sit on the shelves a lot longer, and. 0:16:44.000 --> 0:16:48.080 So that goes to the they absorb some of this tariff, 0:16:48.160 --> 0:16:52.520 and then you've got the retailers again concerned about market share, 0:16:52.720 --> 0:16:55.280 keeping customers in their store as opposed to going to 0:16:55.360 --> 0:16:58.560 another store. They cut some of those things. Walmart absorbed 0:16:58.560 --> 0:17:00.800 some of that, and yet you saw the profits of 0:17:00.840 --> 0:17:04.280 these companies still going up, and we've reported that on 0:17:04.320 --> 0:17:08.400 this program. So again at a seventeen percent rate. Why 0:17:08.560 --> 0:17:10.840 is interesting? And you know the point of this is 0:17:10.840 --> 0:17:13.159 to kind of trash what was done as far as 0:17:13.200 --> 0:17:17.080 the Trump administration was. But within their article, there are 0:17:17.200 --> 0:17:19.520 things that if you read between the lines, like I'm 0:17:19.600 --> 0:17:22.280 doing that, that shows that a lot of the stuff 0:17:22.280 --> 0:17:25.320 that they were saying was crap. Again this line, November's 0:17:25.320 --> 0:17:29.720 effective tariff rate was seventeen percent, seven times greater than 0:17:29.800 --> 0:17:35.080 January's average, and the highest scene since nineteen thirty five. Well, again, 0:17:35.119 --> 0:17:38.720 we're not seeing that in the seventeen percent inflation rate. 0:17:39.040 --> 0:17:42.320 And so where did that money go? Where was it absorbed? 0:17:42.359 --> 0:17:45.600 And I just explained that Trump's higher tariffs, as they 0:17:45.640 --> 0:17:48.919 say here, are certainly raising money. They've raked in more 0:17:48.960 --> 0:17:51.520 than two hundred and thirty six billion dollars this year 0:17:51.720 --> 0:17:54.800 through November, much more than in the year's past, but 0:17:54.880 --> 0:17:57.640 they still account for just a fraction of the federal 0:17:57.680 --> 0:18:00.480 government's total revenue. And see this, this is one of 0:18:00.480 --> 0:18:03.480 those things that we started hearing about when Doze was 0:18:03.520 --> 0:18:06.320 going into effect and started to go into some of 0:18:06.359 --> 0:18:09.040 these agencies and cut money. They're saying, well, you know, 0:18:09.240 --> 0:18:11.840 this is overinflated, and we need to cut this budget 0:18:11.840 --> 0:18:15.920 here in this agency by a billion dollars. And people 0:18:15.920 --> 0:18:18.240 would say, well, a billion dollars, that's just a small 0:18:18.280 --> 0:18:21.920 fraction of the revenue. Well as somebody I forget who 0:18:21.920 --> 0:18:23.320 it was, but they were on one of these talk 0:18:23.359 --> 0:18:25.280 shows one time. I'm talking back during the time of 0:18:25.480 --> 0:18:27.840 a Johnny Carson. It was a senator or a congressman 0:18:28.119 --> 0:18:30.119 or whatever. He says, you know, a billion here, a 0:18:30.119 --> 0:18:32.960 billion there. Pretty soon you're talking about a lot of money. Well, 0:18:33.000 --> 0:18:35.960 I'll tell you what for me, A billion dolls would 0:18:36.000 --> 0:18:38.360 do a whole lot of good for me. I'm sure 0:18:38.400 --> 0:18:40.840 a billion dollars would do a pretty good for you. 0:18:41.200 --> 0:18:44.080 But again, it's a small fraction of the economy, or 0:18:44.119 --> 0:18:46.480 a small fraction of the government spending. But with a 0:18:46.560 --> 0:18:49.080 government spending being as out of control as it is. 0:18:49.400 --> 0:18:51.800 Any cuts that we can make is a good thing. 0:18:52.119 --> 0:18:54.160 And to pull back some of that and put more 0:18:54.200 --> 0:18:56.600 money in the pockets in the American public, that is 0:18:56.680 --> 0:18:59.280 a good thing. So again saying, oh, well, it's just 0:18:59.280 --> 0:19:03.440 a small fraction of the budget, Well, like I said, 0:19:03.520 --> 0:19:06.560 a billion here, billionaire, pretty soon it adds up. US 0:19:06.600 --> 0:19:10.320 trade deficit, meanwhile, has fallen significantly since the start. 0:19:10.040 --> 0:19:10.520 Of the year. 0:19:11.000 --> 0:19:14.240 The trade gap peaked to a monthly record of one 0:19:14.320 --> 0:19:18.040 hundred and thirty six point four billion in March, as 0:19:18.119 --> 0:19:22.480 consumers and businesses hurried to import foreign products before Trump 0:19:22.560 --> 0:19:26.480 could impose his tariffs on them. The trade gap narrowed 0:19:26.480 --> 0:19:30.080 to fifty two point five fifty two point eight billion, 0:19:30.240 --> 0:19:34.359 almost eighty billion dollars less, according to the latest numbers, 0:19:34.880 --> 0:19:37.640 seventeen percent ahead of January. Let me see, but you're 0:19:37.680 --> 0:19:40.920 to date. The deficit was still running seventeen percent ahead 0:19:41.080 --> 0:19:46.399 of January twenty ahead of the January to September twenty 0:19:46.440 --> 0:19:50.720 twenty four numbers. Growing economy, consumers buying more would have 0:19:50.760 --> 0:19:54.440 accounted for that, and why that is the seventeen percent increase. 0:19:54.800 --> 0:19:57.639 And then they start getting into these stories and you know, 0:19:57.760 --> 0:20:00.640 later on or actually will pick this up, but they 0:20:00.680 --> 0:20:05.919 start it almost seems like they're making excuses for and 0:20:06.040 --> 0:20:10.840 being fans of and protection is for China. We'll get 0:20:10.880 --> 0:20:13.760 into this coming up. I'm Kevin Gordon, America's Trucking Network. 0:20:13.960 --> 0:20:17.360 Seven hundred WLW is. 0:20:17.320 --> 0:20:20.040 The last game of the season and the Bengals are 0:20:20.080 --> 0:20:22.840 looking to finish with a win. To do it, they 0:20:22.920 --> 0:20:26.679 have to beat the Browns. I have some comments about Cleveland, 0:20:26.840 --> 0:20:30.440 but I probably shouldn't share them. Will Zach Taylor's team 0:20:30.560 --> 0:20:33.840 pull off the Battle of Ohio the Bengals Battle of 0:20:33.840 --> 0:20:36.560 the Browns. Get the call live from Dan Hort and 0:20:36.720 --> 0:20:39.720 Dave Levin. The game kicks off at one VM, with 0:20:39.960 --> 0:20:43.760 coverage starting at nine AM Sunday. Stream for free on 0:20:43.880 --> 0:20:48.600 the new and improved iHeartRadio app or on seven hundred WLW, 0:20:48.800 --> 0:20:51.960 home of the Best Bengals coverage. 0:20:52.320 --> 0:20:54.280 Hey y'all, this is Aaron Tibbitt. 0:20:54.600 --> 0:20:58.840 Being in the music business, traveling working late doesn't do 0:20:58.960 --> 0:21:02.720 great thanks from my team, but I found that's staying 0:21:02.760 --> 0:21:05.919 active and making time to work out helps keep my 0:21:06.119 --> 0:21:09.320 energy where it needs to be to perform my best. 0:21:09.880 --> 0:21:12.840 No matter what you do or where you are, make 0:21:12.920 --> 0:21:15.600 time to stay in shape, You'll feel better and have 0:21:15.720 --> 0:21:17.920 the energy you need to accomplish your goals. 0:21:18.119 --> 0:21:22.200 This message rocked you by the US Air Force. I'm 0:21:22.280 --> 0:21:24.240 jumping in with my clothes off. 0:21:25.440 --> 0:21:27.600 Most party fouls are pretty dumb, but if you decide 0:21:27.600 --> 0:21:29.479 to drink and drive under age, you could lose your 0:21:29.480 --> 0:21:33.160 license and your freedom. Learn more at Ultimate partyfoul dot org. 0:21:33.280 --> 0:21:35.600 Brought to you by the National Highway Traffic Safety Administration 0:21:35.680 --> 0:21:36.479 and the AD Council. 0:21:37.560 --> 0:21:41.000 I'm a FLII fighter, a teacher, I'm a farmer. I'm 0:21:41.040 --> 0:21:44.760 a barber, a waitress, a mom. We're all part of 0:21:44.800 --> 0:21:45.520 your community. 0:21:45.920 --> 0:21:47.919 Every day we move in and out of each other's 0:21:47.960 --> 0:21:51.200 busy lives. It's easy to take for granted all the 0:21:51.280 --> 0:21:53.400 little moments that make up our every day. 0:21:53.920 --> 0:21:57.160 Some are good, others not so much, but that's life. 0:21:57.560 --> 0:22:01.399 It's when you experience a moment of uncertain something or 0:22:01.440 --> 0:22:03.600 someone's behavior that doesn't seem quite right. 0:22:04.160 --> 0:22:07.520 These are the moments to take a pause, because if 0:22:07.560 --> 0:22:10.040 something doesn't feel right, it's probably nuts. 0:22:10.400 --> 0:22:12.719 It's not about paranoia or being afraid. 0:22:13.040 --> 0:22:15.359 It's about standing up and protecting our communities. 0:22:15.640 --> 0:22:18.639