1 00:00:02,320 --> 00:00:05,240 Speaker 1: Everybody. It's Bill Courtney, Welcome to shop Talk. 2 00:00:06,880 --> 00:00:08,760 Speaker 2: Welcome in alex I feel like it should be a 3 00:00:08,800 --> 00:00:11,920 Speaker 2: lot stronger, especially given the number, the shop Talk number. 4 00:00:11,920 --> 00:00:15,880 Speaker 1: We're heading in Milestone number fifty, Shop Talk number fifty. 5 00:00:15,920 --> 00:00:19,480 Speaker 1: I cannot believe we have done will have done at 6 00:00:19,480 --> 00:00:23,239 Speaker 1: the end of this fifty shop Talks. I hope you 7 00:00:23,320 --> 00:00:26,120 Speaker 1: people out there appreciate this hard work we put into. 8 00:00:25,880 --> 00:00:28,560 Speaker 2: It, and you better send us some ideas because the 9 00:00:28,600 --> 00:00:30,440 Speaker 2: struggle is real to come up with new ideas. 10 00:00:30,520 --> 00:00:34,040 Speaker 1: Yeah, I mean, guys, please, oh email us. 11 00:00:34,080 --> 00:00:36,080 Speaker 3: A lot of folks actually have so I'm just joking around. 12 00:00:36,080 --> 00:00:38,919 Speaker 1: No more more Bill at normal folks dot us give 13 00:00:39,000 --> 00:00:43,160 Speaker 1: us ideas for shop talk. I have a surprise for Alics. 14 00:00:43,240 --> 00:00:45,000 Speaker 1: He doesn't even know we're going to do this one today. 15 00:00:45,240 --> 00:00:51,479 Speaker 1: But today we're going to talk about tariffs. Aren't you excited? 16 00:00:51,600 --> 00:00:54,880 Speaker 1: I'm also so yeah, we're going to talk about tariffs. 17 00:00:55,240 --> 00:00:57,319 Speaker 1: And there's a reason we're going to talk about them, 18 00:00:57,320 --> 00:01:00,720 Speaker 1: and they're topical, so it's shop talk, that's what everybody's 19 00:01:00,720 --> 00:01:05,280 Speaker 1: talking about. But I want to explain them. I'm want 20 00:01:05,280 --> 00:01:08,120 Speaker 1: to explain how they're affecting business. But I want to 21 00:01:08,200 --> 00:01:09,320 Speaker 1: put a little slant on it. 22 00:01:09,480 --> 00:01:12,720 Speaker 3: We actually did want about twenty episodes ago on tariffs too, 23 00:01:13,040 --> 00:01:15,480 Speaker 3: but those were old tears. Those were the old tariffs. 24 00:01:15,560 --> 00:01:22,000 Speaker 1: Yeah. Yeah, So shop talk number fifty coming up a little. Uh, 25 00:01:22,040 --> 00:01:25,000 Speaker 1: what do you call it when it's when it's like 26 00:01:25,120 --> 00:01:27,240 Speaker 1: right now? Current events? Is that? 27 00:01:27,520 --> 00:01:28,959 Speaker 3: Sure? You can't call them that? 28 00:01:29,080 --> 00:01:31,200 Speaker 1: Yeah? What else do you call them? Like in political 29 00:01:31,240 --> 00:01:32,000 Speaker 1: science class? 30 00:01:32,080 --> 00:01:33,840 Speaker 3: I think it's called carvent events? 31 00:01:33,959 --> 00:01:36,680 Speaker 1: Yeah, little current events. Shop talk today on tariffs, right 32 00:01:36,720 --> 00:01:53,800 Speaker 1: after these brief messages from our general sponsors. Everybody, Uh, tariffs. 33 00:01:53,960 --> 00:01:57,560 Speaker 1: So the idea and I want to stay out of 34 00:01:57,600 --> 00:02:03,040 Speaker 1: the political and just get into the kind of high 35 00:02:03,120 --> 00:02:10,000 Speaker 1: altitude geopolitical argument, which is that if you put tariffs 36 00:02:10,040 --> 00:02:13,920 Speaker 1: on products coming into your country from other countries, it 37 00:02:14,360 --> 00:02:21,200 Speaker 1: disincentivizes the purchase of products from other countries and therefore 38 00:02:21,400 --> 00:02:27,400 Speaker 1: incentivizes the manufacturer of products in your own country, thereby 39 00:02:28,200 --> 00:02:31,360 Speaker 1: supporting growth in your own country, job creation in your 40 00:02:31,360 --> 00:02:36,800 Speaker 1: own country, then boost your domestic economy, your domestic gross 41 00:02:36,800 --> 00:02:43,760 Speaker 1: domestic product, and the health of your country. So I 42 00:02:43,800 --> 00:02:47,720 Speaker 1: attended a conference that I was actually the keynote speaker 43 00:02:47,919 --> 00:02:53,280 Speaker 1: at on the opening day, and then later was the 44 00:02:54,000 --> 00:02:59,280 Speaker 1: moderator of a panel, and on the panel was the 45 00:02:59,440 --> 00:03:04,919 Speaker 1: author of a book on globalization. The title of it 46 00:03:04,960 --> 00:03:09,519 Speaker 1: is the End of the World is just Beginning, and 47 00:03:11,360 --> 00:03:18,040 Speaker 1: his premise was on globalization and now deglobalization. And I'm 48 00:03:18,080 --> 00:03:21,760 Speaker 1: going to this six hundred page book written by an 49 00:03:21,760 --> 00:03:24,600 Speaker 1: incredibly brilliant economist that I'm going to, Butcher. I'm going 50 00:03:24,680 --> 00:03:28,440 Speaker 1: to give you. The overview is that after World War Two, 51 00:03:29,240 --> 00:03:34,880 Speaker 1: there was only one navy left in the world intact, 52 00:03:35,240 --> 00:03:39,200 Speaker 1: and it was the US Navy. And because Europe was 53 00:03:39,280 --> 00:03:43,120 Speaker 1: in shambles, much of Asia was in shambles, obviously Japan. 54 00:03:44,000 --> 00:03:47,040 Speaker 1: At the end of World War two, the United States, 55 00:03:47,800 --> 00:03:52,480 Speaker 1: being protected by the Atlantica Pacific Ocean, was completely intact. 56 00:03:52,920 --> 00:03:56,400 Speaker 1: Its banking system was intact, its manufacturing base was intact. 57 00:03:56,480 --> 00:03:59,080 Speaker 1: More importantly, its navy was intact. And it had a 58 00:03:59,200 --> 00:04:05,160 Speaker 1: choice to make. It had the choice to follow in 59 00:04:05,280 --> 00:04:10,160 Speaker 1: the footsteps of the Napoleon French Empire, the Roman Empire, 60 00:04:11,280 --> 00:04:16,680 Speaker 1: the United Kingdom Empire. Because see in two thousand years 61 00:04:16,720 --> 00:04:20,799 Speaker 1: of history, at the end of great conflicts, the winner 62 00:04:21,600 --> 00:04:26,680 Speaker 1: started empires. And if you think about the Egyptian Empire, 63 00:04:26,760 --> 00:04:31,440 Speaker 1: the Roman Empire, the UK Empire, the French empire. Actually, 64 00:04:31,480 --> 00:04:34,600 Speaker 1: the Swedes had an empire at one time. If you 65 00:04:34,680 --> 00:04:38,080 Speaker 1: think about it, they all fail. And the reason they 66 00:04:38,120 --> 00:04:43,760 Speaker 1: fail is because although you win the war and the 67 00:04:43,760 --> 00:04:48,760 Speaker 1: people that you have an empire over are decimated, over 68 00:04:48,800 --> 00:04:51,919 Speaker 1: time they get stronger and they no longer want to 69 00:04:51,960 --> 00:04:58,760 Speaker 1: be governed and ruled by some far away land. And 70 00:04:58,800 --> 00:05:04,719 Speaker 1: then the empire becomes and the empire becomes weak and. 71 00:05:04,120 --> 00:05:06,520 Speaker 3: On its own selfishness, greed, on. 72 00:05:06,440 --> 00:05:10,320 Speaker 1: Its own selfish success success. But here's what happens is 73 00:05:11,320 --> 00:05:22,279 Speaker 1: the cost to the empire nation to continue to keep 74 00:05:22,440 --> 00:05:26,440 Speaker 1: that empire strength over vast wahs of the world becomes 75 00:05:26,480 --> 00:05:32,800 Speaker 1: too great, and the empire's fought. Think of the Roman 76 00:05:32,800 --> 00:05:35,920 Speaker 1: Empire and now you've got Italy. Think of what uk 77 00:05:36,200 --> 00:05:39,719 Speaker 1: Uk once had. Once we had an empire over most 78 00:05:39,720 --> 00:05:42,760 Speaker 1: of Africa and India and Hong Kong, and it's all gone. 79 00:05:43,360 --> 00:05:45,840 Speaker 1: So the US at the end of World War two said, well, 80 00:05:46,360 --> 00:05:49,400 Speaker 1: we can be an empire and dominate the world, but 81 00:05:50,240 --> 00:05:55,159 Speaker 1: history has shown us eventually that fails. Or what we 82 00:05:55,240 --> 00:06:00,520 Speaker 1: can do is we can return the sovereignty of all 83 00:06:00,560 --> 00:06:05,040 Speaker 1: of these different nations to their nations, but put some 84 00:06:05,160 --> 00:06:12,960 Speaker 1: guidelines on them, like the dollar trade and alliances. And 85 00:06:13,000 --> 00:06:16,640 Speaker 1: so after World War Two, the United States very wisely 86 00:06:16,760 --> 00:06:23,400 Speaker 1: built alliances that kept the big scary person in the corner, 87 00:06:23,440 --> 00:06:27,960 Speaker 1: which was Russia at the time. And that's what built 88 00:06:28,120 --> 00:06:36,520 Speaker 1: this American Eurasian alliance, all buttressed by the power and 89 00:06:36,600 --> 00:06:39,440 Speaker 1: might of the United States Navy, because for the first 90 00:06:39,520 --> 00:06:43,240 Speaker 1: time in history, the US Navy was so strong that 91 00:06:43,640 --> 00:06:48,000 Speaker 1: it could allow and police and shariff free trade across 92 00:06:48,080 --> 00:06:54,359 Speaker 1: the Atlantic and the Pacific. Thus started globalization. And the 93 00:06:54,440 --> 00:06:58,080 Speaker 1: trade off for the amount of money and effort that 94 00:06:58,120 --> 00:07:01,840 Speaker 1: the United States would put in and policing the oceans 95 00:07:01,839 --> 00:07:06,560 Speaker 1: to allow for globalization and trade is that America would 96 00:07:06,600 --> 00:07:12,320 Speaker 1: be the world leader our finances, the dollar trade, NATO, 97 00:07:13,280 --> 00:07:17,840 Speaker 1: and all of the allies we built as a result 98 00:07:18,120 --> 00:07:22,679 Speaker 1: of being the world sheriff. Is that you bind together 99 00:07:22,800 --> 00:07:27,240 Speaker 1: with us against the red scare communism, i e. The 100 00:07:27,280 --> 00:07:30,840 Speaker 1: Soviet Union. And it worked because over the course of 101 00:07:30,880 --> 00:07:34,920 Speaker 1: time in the eighties, the Soviet Union fell, Russia another empire. 102 00:07:35,520 --> 00:07:41,520 Speaker 1: Russia retreated to itself. And the truth is, most of 103 00:07:41,640 --> 00:07:45,160 Speaker 1: us since World War II until today have lived in 104 00:07:45,320 --> 00:07:50,840 Speaker 1: relative peace and prosperity and have grown to believe that 105 00:07:50,920 --> 00:07:55,600 Speaker 1: this worldwide trade and this globalization that exists is normal, 106 00:07:56,400 --> 00:08:01,559 Speaker 1: when in fact it is quite abnormal. History has never 107 00:08:01,720 --> 00:08:07,760 Speaker 1: had a seven or eight decade long stretch where it 108 00:08:07,920 --> 00:08:13,280 Speaker 1: was relative peace, prosperity, and open trade, where third world 109 00:08:13,400 --> 00:08:16,480 Speaker 1: nations were able to pull themselves up and become wealthy, 110 00:08:17,160 --> 00:08:23,160 Speaker 1: all while this benevolent sheriff, the US allowed it to happen. 111 00:08:24,200 --> 00:08:29,080 Speaker 1: So that's kind of the history according to this book 112 00:08:29,400 --> 00:08:33,680 Speaker 1: of globalization that I actually subscribe to and believe is accurate. 113 00:08:34,840 --> 00:08:40,080 Speaker 1: So tariffs, where do tariffs come into this world? Well, 114 00:08:41,080 --> 00:08:45,200 Speaker 1: the premise is that globalization is dying, and the reason 115 00:08:45,280 --> 00:08:52,000 Speaker 1: globalization is dying is twofold. One is population is dying. 116 00:08:52,840 --> 00:08:57,760 Speaker 1: There are only three countries in the world that over 117 00:08:57,800 --> 00:09:04,760 Speaker 1: the next twenty years should experience it's even or increasing population. 118 00:09:05,520 --> 00:09:08,719 Speaker 1: Every single other country is experiencing deep population. 119 00:09:08,880 --> 00:09:10,240 Speaker 3: Do you know what those three countries are? 120 00:09:10,920 --> 00:09:15,319 Speaker 2: Us only because of immigration, right, not on its own. 121 00:09:15,360 --> 00:09:20,199 Speaker 1: I'm just we're getting to sorry, France is actually growing. 122 00:09:21,000 --> 00:09:23,800 Speaker 1: And then another that I can't remember, but it's a 123 00:09:23,880 --> 00:09:25,120 Speaker 1: smaller country that. 124 00:09:25,880 --> 00:09:27,920 Speaker 3: I'm surprised France has actually one. 125 00:09:27,760 --> 00:09:30,439 Speaker 1: I know, but it is huh. I guess the French 126 00:09:30,559 --> 00:09:33,119 Speaker 1: like to make babies. I don't know, but their population 127 00:09:33,679 --> 00:09:36,360 Speaker 1: over the next twenty years is expected to grow. China's, 128 00:09:36,400 --> 00:09:38,600 Speaker 1: on the other hand, is supposed to be cut by 129 00:09:38,640 --> 00:09:41,280 Speaker 1: thirty five percent. They will lose thirty five to forty 130 00:09:41,280 --> 00:09:44,920 Speaker 1: percent of their population, which and. 131 00:09:44,920 --> 00:09:47,040 Speaker 3: For context, you have to have two point one kids 132 00:09:47,080 --> 00:09:48,839 Speaker 3: per couple to grow. 133 00:09:48,920 --> 00:09:53,199 Speaker 1: Right That's it. And they did the one child initiative 134 00:09:53,240 --> 00:09:57,120 Speaker 1: for thirty something years and they're paying for it right now. So, 135 00:09:57,120 --> 00:10:06,080 Speaker 1: so as population centers decline, demands for goods and services 136 00:10:06,160 --> 00:10:10,640 Speaker 1: and the people to produce those goods and services decline. 137 00:10:10,880 --> 00:10:16,720 Speaker 1: And that's one. And number two is the cost born 138 00:10:16,920 --> 00:10:21,960 Speaker 1: by the United States to be the world's maritime sheriff 139 00:10:22,760 --> 00:10:29,040 Speaker 1: has become too great. And so when you look at 140 00:10:29,520 --> 00:10:33,880 Speaker 1: the debt that our country has piled up only over 141 00:10:33,880 --> 00:10:38,200 Speaker 1: the last three decades, approaching thirty threeion dollars. If you 142 00:10:38,280 --> 00:10:43,240 Speaker 1: look at our budget, just the debt service and then 143 00:10:43,280 --> 00:10:47,960 Speaker 1: the untouchable entitlements like Social Security, Medicare or Medicaid, those 144 00:10:48,000 --> 00:10:52,520 Speaker 1: things equal our total revenue. There is no more money 145 00:10:52,679 --> 00:10:56,160 Speaker 1: to build into defense, there's no more money to do 146 00:10:56,240 --> 00:11:00,480 Speaker 1: anything else because as interest rates have gone up, debt 147 00:11:00,559 --> 00:11:04,480 Speaker 1: service on this growing debt has gone up. And so 148 00:11:05,400 --> 00:11:09,000 Speaker 1: what's happened is we're in a fiscal Our country is 149 00:11:09,040 --> 00:11:12,319 Speaker 1: having a physical problem, and it can really no longer 150 00:11:12,360 --> 00:11:16,360 Speaker 1: afford to police and share the world. So there's this 151 00:11:16,600 --> 00:11:19,400 Speaker 1: argument that other countries are going to have to step 152 00:11:19,480 --> 00:11:22,600 Speaker 1: up and spend their own money to defend themselves, and 153 00:11:23,280 --> 00:11:27,040 Speaker 1: the US has to raise revenue to offset the cost 154 00:11:27,760 --> 00:11:32,240 Speaker 1: of what it is spent so many years defending the world. 155 00:11:32,640 --> 00:11:35,200 Speaker 1: And there's only two ways to raise revenue. One is 156 00:11:36,360 --> 00:11:39,640 Speaker 1: external taxes and the other's internal taxes. Well, when your 157 00:11:39,679 --> 00:11:43,600 Speaker 1: economy is in trouble, you don't want to raise income 158 00:11:43,720 --> 00:11:48,280 Speaker 1: taxes and stagnate internal growth. So the other is then tariffs, 159 00:11:48,800 --> 00:11:53,760 Speaker 1: because tariffs bring money into the endo the treasury. And 160 00:11:54,559 --> 00:11:59,400 Speaker 1: while there is an argument that the marketplace ultimately pays 161 00:11:59,440 --> 00:12:03,400 Speaker 1: for tariffs because the prices of goods come up, it 162 00:12:03,520 --> 00:12:06,439 Speaker 1: is a fact that at least some of the cost 163 00:12:06,440 --> 00:12:10,960 Speaker 1: of terrorfs are born by foreign countries. Why am I 164 00:12:11,040 --> 00:12:15,360 Speaker 1: saying all this? What has happened in the last three 165 00:12:15,400 --> 00:12:20,080 Speaker 1: months has elicited all kinds of vitriol, all kinds of 166 00:12:20,120 --> 00:12:26,480 Speaker 1: fear stoked, all kinds of misinformation. In my own business, 167 00:12:26,640 --> 00:12:30,000 Speaker 1: I do business in forty two countries, every single one 168 00:12:30,080 --> 00:12:32,920 Speaker 1: of them. I'm dealing with reciprocal tariffs. Now. It is 169 00:12:33,000 --> 00:12:36,600 Speaker 1: not easy for my company. It is not easy for me. 170 00:12:37,480 --> 00:12:40,360 Speaker 1: My company will not make the same money it was 171 00:12:40,400 --> 00:12:44,120 Speaker 1: going to make only three months ago. Anybody who put 172 00:12:44,120 --> 00:12:48,600 Speaker 1: together a prospectus for the year twenty twenty five back 173 00:12:48,640 --> 00:12:51,120 Speaker 1: in November, you can ball that up and throw it 174 00:12:51,120 --> 00:12:54,960 Speaker 1: in the garbage because this trade war tariff thing that's 175 00:12:55,000 --> 00:13:01,560 Speaker 1: happened has absolutely made any projections you put together at 176 00:13:01,559 --> 00:13:05,200 Speaker 1: the end of last year completely you know, they're just 177 00:13:05,480 --> 00:13:10,320 Speaker 1: they're worthless because the whole world and the old economy 178 00:13:10,320 --> 00:13:15,360 Speaker 1: of the world has changed. So there's fear, there's doubt, 179 00:13:15,800 --> 00:13:20,120 Speaker 1: there's what are we gonna do, there's arguments, there's all 180 00:13:20,160 --> 00:13:24,000 Speaker 1: of this going on. It is stoked an enormous amount 181 00:13:24,080 --> 00:13:28,640 Speaker 1: of media attention and finger pointing and blame and calls 182 00:13:28,679 --> 00:13:31,120 Speaker 1: of people being crazy and cause of this is the 183 00:13:31,160 --> 00:13:36,720 Speaker 1: only way to save this and all of that. And 184 00:13:36,720 --> 00:13:39,720 Speaker 1: again I want to remind you, I am affected very 185 00:13:39,760 --> 00:13:45,560 Speaker 1: personally by this. Why am I saying all this is? Uh? 186 00:13:46,520 --> 00:13:50,840 Speaker 1: Is this? I think we need to take a deep breath. 187 00:13:51,720 --> 00:13:56,439 Speaker 1: I think we need to understand that the pendulum swings. 188 00:13:56,840 --> 00:14:01,880 Speaker 1: It always swings, and I think we need to remember 189 00:14:02,600 --> 00:14:08,600 Speaker 1: the power of an army of normal folks. We're going 190 00:14:08,640 --> 00:14:13,040 Speaker 1: to be all right. The world is not going to implode, 191 00:14:13,679 --> 00:14:19,360 Speaker 1: despite what the fearmongers and the press and national media 192 00:14:19,400 --> 00:14:22,800 Speaker 1: and social media and TikTok and all the rest of 193 00:14:22,840 --> 00:14:30,720 Speaker 1: it will have you believe. There is a shift based 194 00:14:30,720 --> 00:14:35,640 Speaker 1: on population growth and decline based on the cost of globalization. 195 00:14:36,080 --> 00:14:43,400 Speaker 1: There's absolutely a shift happening. And people hate change, whether 196 00:14:43,440 --> 00:14:47,680 Speaker 1: it's necessary or unnecessary. Whether you believe it's necessary unnecessary, 197 00:14:48,240 --> 00:14:53,440 Speaker 1: people hate change, and change scares people, and it further 198 00:14:53,680 --> 00:14:59,120 Speaker 1: pulls us into our cocoons of belief sets and tends 199 00:14:59,120 --> 00:15:04,240 Speaker 1: to stoke all kinds of differences, and that should not 200 00:15:04,320 --> 00:15:08,080 Speaker 1: be the case. We have to accept the change is 201 00:15:08,080 --> 00:15:10,640 Speaker 1: going to happen in one hundred years from now. The 202 00:15:10,680 --> 00:15:12,760 Speaker 1: people that come behind us will deal with another set 203 00:15:12,800 --> 00:15:15,080 Speaker 1: of change that we can't even fathom right now. That'll 204 00:15:15,080 --> 00:15:18,640 Speaker 1: probably have to do with AI or something like that. 205 00:15:19,640 --> 00:15:22,680 Speaker 1: But the power of an army of normal folks that 206 00:15:22,720 --> 00:15:27,880 Speaker 1: remains consistent, that never changes. We need to remember that 207 00:15:28,640 --> 00:15:31,360 Speaker 1: there's work to do in our communities, there's work to 208 00:15:31,400 --> 00:15:35,560 Speaker 1: do in our families, there's opportunity every day to make 209 00:15:35,680 --> 00:15:42,440 Speaker 1: positive effect, and we can't let the circumstance of current 210 00:15:42,440 --> 00:15:48,320 Speaker 1: events in a geopolitical world make us withdraw into our 211 00:15:48,360 --> 00:15:51,760 Speaker 1: own fear. If anything, we have to be more bold. 212 00:15:52,120 --> 00:15:54,880 Speaker 1: We have to remember all the work that needs to 213 00:15:54,920 --> 00:15:58,080 Speaker 1: be done in the world has not changed, and the 214 00:15:58,120 --> 00:16:01,600 Speaker 1: power of an army and normal folks is exactly what 215 00:16:01,720 --> 00:16:11,040 Speaker 1: stands strong in the face of fear and change. So tariffs, geopolitics, 216 00:16:12,200 --> 00:16:19,560 Speaker 1: all kinds of empire, verse with drawing nations, and all 217 00:16:19,600 --> 00:16:22,120 Speaker 1: of the stuff you're reading, and all the stuff you're 218 00:16:22,120 --> 00:16:27,600 Speaker 1: being bombarded with fear not be part of the army 219 00:16:27,640 --> 00:16:31,200 Speaker 1: of normal folks, serious and need and fill it, and 220 00:16:31,360 --> 00:16:35,560 Speaker 1: don't let yourself be overcome with a bunch of mess 221 00:16:35,640 --> 00:16:39,960 Speaker 1: that changes the narrative of your day, which is when 222 00:16:39,960 --> 00:16:44,200 Speaker 1: you seeious need, you fill them. You'll be fulfilled by that. 223 00:16:45,080 --> 00:16:48,480 Speaker 1: And it seems to more and more cancel the noise 224 00:16:48,520 --> 00:16:53,800 Speaker 1: of all this other stuff out there. Don't withdraw. What 225 00:16:53,840 --> 00:16:56,120 Speaker 1: do you think I mean? 226 00:16:56,160 --> 00:16:58,920 Speaker 2: The tariffs are a tough topic, so I hesitant to 227 00:16:58,960 --> 00:17:02,240 Speaker 2: weigh in on anything because so fraught of pissing off 228 00:17:02,280 --> 00:17:02,920 Speaker 2: one side. 229 00:17:02,680 --> 00:17:05,080 Speaker 1: Of the I think that laid it out pretty yeah. 230 00:17:05,119 --> 00:17:07,639 Speaker 3: But the thing that I easily. 231 00:17:07,320 --> 00:17:09,880 Speaker 2: I guess I'm open to saying is, you know, there's 232 00:17:09,920 --> 00:17:13,320 Speaker 2: all these exemptions right now for certain industries you know, 233 00:17:13,359 --> 00:17:16,400 Speaker 2: as part of it. And that's where I think it's 234 00:17:16,520 --> 00:17:19,600 Speaker 2: unfair because you know, the politically can I think there's 235 00:17:19,600 --> 00:17:22,159 Speaker 2: been a thousand You've followen this much more closer than me, 236 00:17:22,240 --> 00:17:25,439 Speaker 2: but a thousand products that have been exempted, right, you know, 237 00:17:25,440 --> 00:17:27,879 Speaker 2: from the tariffs. So what happens is, you know, people 238 00:17:27,880 --> 00:17:30,639 Speaker 2: go and lobby you know, President Trump, the administration all 239 00:17:30,640 --> 00:17:33,040 Speaker 2: these people to get excluded. But how about all the 240 00:17:33,040 --> 00:17:34,880 Speaker 2: little guys out there probably look. 241 00:17:34,680 --> 00:17:37,160 Speaker 1: At it one, I know, they have no exclusions. 242 00:17:37,200 --> 00:17:39,520 Speaker 2: And you are an American manufacturer, I mean the kind 243 00:17:39,520 --> 00:17:43,240 Speaker 2: of people that you know, supposedly we want to you know, benefited, 244 00:17:43,320 --> 00:17:44,280 Speaker 2: you know, help from all this. 245 00:17:44,400 --> 00:17:48,080 Speaker 3: And so it's yeah, okay, there, let me just finish 246 00:17:48,119 --> 00:17:49,760 Speaker 3: the thought and then you go into it. 247 00:17:50,400 --> 00:17:53,560 Speaker 2: That's why ideally the government would have less power over 248 00:17:53,600 --> 00:17:56,280 Speaker 2: our lives in an army, and normal folks would have 249 00:17:56,359 --> 00:17:59,040 Speaker 2: more power in our society. That's the way it really 250 00:17:59,040 --> 00:18:01,840 Speaker 2: should be. So it's not the few and the well 251 00:18:01,840 --> 00:18:03,960 Speaker 2: connected in the apples of the world or these certain 252 00:18:04,000 --> 00:18:06,679 Speaker 2: industries are getting the exemptions and the little guys are screwed. 253 00:18:07,440 --> 00:18:09,880 Speaker 2: So that's kind of a big picture of thematic thing. 254 00:18:09,960 --> 00:18:12,800 Speaker 2: Even outside of the tariffs, an ideal world that hopefully 255 00:18:12,840 --> 00:18:15,760 Speaker 2: we all work towards is an army of normal folks 256 00:18:15,920 --> 00:18:19,479 Speaker 2: reigns more supreme. And I think what an army can 257 00:18:19,520 --> 00:18:21,760 Speaker 2: do in the meantime, even outside of politics, is hey, 258 00:18:21,800 --> 00:18:23,760 Speaker 2: let's show the power of the army, and let's keep 259 00:18:23,800 --> 00:18:25,720 Speaker 2: acting and showing what kind of change we can make 260 00:18:25,800 --> 00:18:28,439 Speaker 2: happen in the world. And hopefully more and more people realize, like, 261 00:18:28,840 --> 00:18:32,600 Speaker 2: the army's the solution, not DC, that's it. 262 00:18:33,000 --> 00:18:37,080 Speaker 1: And what I was going to say when you were 263 00:18:37,080 --> 00:18:41,320 Speaker 1: saying that just popped in my head is I could 264 00:18:41,400 --> 00:18:43,560 Speaker 1: sit around and get pretty angry right now if I 265 00:18:43,560 --> 00:18:48,600 Speaker 1: think about the exemptions for Apple and cat and chips 266 00:18:49,320 --> 00:18:54,800 Speaker 1: when we're struggling because of all this stuff. But if 267 00:18:54,840 --> 00:18:57,600 Speaker 1: I sit around and get angry about that and wouldraw 268 00:18:57,760 --> 00:19:02,680 Speaker 1: and get frustrated, then I might miss the fifteen opportunities 269 00:19:02,720 --> 00:19:04,760 Speaker 1: that are going to come across today that I might 270 00:19:04,800 --> 00:19:07,120 Speaker 1: be able to serve or help somebody else in need. 271 00:19:07,760 --> 00:19:09,480 Speaker 1: And that's going to fill me up a lot more 272 00:19:09,480 --> 00:19:13,320 Speaker 1: than worrying about all this stuff. So you're right, the 273 00:19:13,400 --> 00:19:17,480 Speaker 1: exemptions of it are frustrating a scrap, and you can 274 00:19:17,640 --> 00:19:23,200 Speaker 1: easily hand ring and get angry and go down this 275 00:19:25,240 --> 00:19:30,080 Speaker 1: slippery slope into this pitfall of being consumed by all 276 00:19:30,160 --> 00:19:35,359 Speaker 1: this mess that's going on right now. But I have 277 00:19:35,400 --> 00:19:37,639 Speaker 1: to remind myself every day that the world's not going 278 00:19:37,720 --> 00:19:38,040 Speaker 1: to end. 279 00:19:38,760 --> 00:19:42,600 Speaker 3: And Alan Barnhardt makes less money than you, and he's 280 00:19:42,600 --> 00:19:43,600 Speaker 3: still a really happy man. 281 00:19:43,720 --> 00:19:46,360 Speaker 1: He's still a really happy man. It's a good example. 282 00:19:46,600 --> 00:19:49,680 Speaker 1: It's a perfect example. So there you are. Don't let 283 00:19:49,720 --> 00:19:52,879 Speaker 1: the tariffs, geopolitics and all the people on the news 284 00:19:52,920 --> 00:19:57,080 Speaker 1: and social media freak you out. Everything's going to be okay, 285 00:19:57,240 --> 00:20:00,159 Speaker 1: and the power of the army and normal folks is 286 00:20:00,160 --> 00:20:03,560 Speaker 1: steadfast and is not going to change. That's shop Talk 287 00:20:03,680 --> 00:20:07,679 Speaker 1: number fifty. If you have any ideas for other shop talks, 288 00:20:07,920 --> 00:20:11,320 Speaker 1: please email me at Bill at normal Folks dot us 289 00:20:11,359 --> 00:20:13,639 Speaker 1: and I will always respond and if I think we 290 00:20:13,720 --> 00:20:15,400 Speaker 1: have something to add, we'll certainly take it up. 291 00:20:15,480 --> 00:20:17,120 Speaker 2: There's actually one other thing I want to add, So 292 00:20:17,480 --> 00:20:20,600 Speaker 2: this is going to come out before our live interview, 293 00:20:20,760 --> 00:20:24,160 Speaker 2: our next one on MAYA with nine eleven firefighter Tim Brown. 294 00:20:24,400 --> 00:20:26,720 Speaker 1: Oh Yeah, cool story, amazing story. 295 00:20:26,840 --> 00:20:29,840 Speaker 2: So he helps say fifteen lives that day, but he 296 00:20:29,880 --> 00:20:32,640 Speaker 2: doesn't view himself as a hero. He lost one hundred 297 00:20:32,640 --> 00:20:36,760 Speaker 2: friends that day. So it's maya, six thirty pm at 298 00:20:36,760 --> 00:20:40,720 Speaker 2: Grime City Brewing. Go to one hundred friends dot event 299 00:20:40,800 --> 00:20:42,800 Speaker 2: bright dot com to learn more on RSVP. 300 00:20:43,440 --> 00:20:48,760 Speaker 1: Yeah, and y'all come and meet a true American hero. Yeah. 301 00:20:48,960 --> 00:20:54,399 Speaker 1: If you like the show, rate to review it, subscribe. 302 00:20:53,160 --> 00:20:54,440 Speaker 3: To the podcast. 303 00:20:54,760 --> 00:20:55,000 Speaker 1: Yeah. 304 00:20:55,200 --> 00:20:57,280 Speaker 3: Share with friends on solid, share friends on Social. 305 00:20:57,359 --> 00:20:59,680 Speaker 2: Go to normal Folks dot us right sign up to 306 00:20:59,760 --> 00:21:01,520 Speaker 2: join the army, become a premium member. 307 00:21:01,680 --> 00:21:04,640 Speaker 3: That's it, all of these things that will help us grow. 308 00:21:04,520 --> 00:21:07,680 Speaker 1: An army of normal folks. And shop Talk at shop 309 00:21:07,680 --> 00:21:08,480 Speaker 1: Talk number. 310 00:21:08,200 --> 00:21:11,359 Speaker 2: Fifty, they're the same thing. I've been meaning to correct 311 00:21:11,359 --> 00:21:13,840 Speaker 2: you on this. What's for some reason you like treat 312 00:21:13,840 --> 00:21:16,000 Speaker 2: them like they're two separate shows, like they're going to 313 00:21:16,040 --> 00:21:17,440 Speaker 2: grow an army of normal folks. 314 00:21:17,240 --> 00:21:19,480 Speaker 3: And grow shop talk. Shop Talk is a part of 315 00:21:19,520 --> 00:21:20,560 Speaker 3: an army of normal folks. 316 00:21:20,600 --> 00:21:22,840 Speaker 1: It's not the same thing, but you know, I mean, 317 00:21:23,480 --> 00:21:27,200 Speaker 1: shop Talk's a different title. I know. All right, whatever, 318 00:21:27,760 --> 00:21:31,480 Speaker 1: after you, sir, see you next week.