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Speaker 2: So let's get into this tariffs conversation. So last night

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Speaker 2: early this morning, they announced that pause on China tefts.

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Speaker 1: That was a big one.

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Speaker 2: I mean, they had tariffs across the whole world, but

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Speaker 2: they dropped at least had ninety day paws for most countries,

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Speaker 2: but China was the one that they really everybody was

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Speaker 2: waiting on to see what was gonna happen. Obviously is

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Speaker 2: the biggest economy in the world, and it was raised.

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Speaker 2: The tariffs were raised to one hundred and forty five

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Speaker 2: percent and it was lowered to ten percent, so for

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Speaker 2: ninety days, with an additional twenty percent for any products

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Speaker 2: related to fit and all. So most products are twenty

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Speaker 2: or ten percent. If it's a fin or related product,

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Speaker 2: which is like a lab, anything that has something to

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Speaker 2: do with chemicals, labs, things of that nature, then it's

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Speaker 2: an additional twenty percent, which will bring the tariffs to

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Speaker 2: thirty percent. But for most most products it would be

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Speaker 2: it's a ten percent rate across the board for at

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Speaker 2: least a ninety day period and then in ninety days

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Speaker 2: we'll see what happens after that. So where we started

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Speaker 2: with this before, before anything even by the administration, was

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Speaker 2: around three percent. So effectively we went up seven percent,

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Speaker 2: which is not bad because seven percent it might sound

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Speaker 2: like a little bit, but it adds up, and you're

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Speaker 2: talking about billions of dollars, so possibly trillions of dollars.

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Speaker 2: So seven percent is not a number to just sneeze

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Speaker 2: at for sure, but it's a it's a big difference

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Speaker 2: from one hundred and forty five percent. So someone would say, Okay, well,

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Speaker 2: you know it was done intentionally to raise the price,

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Speaker 2: to actually lower the price. Now, I just think that

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Speaker 2: it could have possibly done in the bet could have

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Speaker 2: been done in a better manner because even just looking

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Speaker 2: at stocks were still not at the point.

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Speaker 1: Where where we were.

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Speaker 2: But there's a lot of other things that got affected,

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Speaker 2: and there's real life businesses. And I was talking to

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Speaker 2: business owns the other day who actually sells merchandise, and

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Speaker 2: they had their product sitting for a month in China

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Speaker 2: because they couldn't bring it over to America because one

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Speaker 2: hundred and forty five percent teriffs was too too much.

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Speaker 2: So just the delay in thirty days could really hurt

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Speaker 2: somebody's business as far as shipping and have it not

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Speaker 2: having product on the store. So there's been a lot

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Speaker 2: of people that's actually it's been a lot of real pain.

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Speaker 2: That's that's already been done within a four week timeframe.

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Speaker 2: Where I think that if potentially he would have just

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Speaker 2: said ten percent from the beginning, he might have been

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Speaker 2: able just to push that through because it is already

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Speaker 2: at three percent. So if you just say, okay, look

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Speaker 2: we I have a new policy in place, and we're

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Speaker 2: going to raise our tariffs seven percent and now instead

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Speaker 2: of three percent is going to be ten percent, I

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Speaker 2: don't think that that would have been something that would

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Speaker 2: have been too difficult to get through, but I just

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Speaker 2: feel like you didn't have to go about it as

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Speaker 2: far as putting tariffs on the whole world and then

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Speaker 2: erasing the tariffs on the whole world, and then raising

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Speaker 2: tariffs on China from fifty to eighty two one hundred

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Speaker 2: and twenty five two hundred and forty five back down

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Speaker 2: to ten. That's a one hundred and forty five to

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Speaker 2: ten is almost a ninety seven percent decrease. So that's

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Speaker 2: remendous drop in terrorists, right, which also even negotiating later on,

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Speaker 2: like how do you even get taken seriously when in

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Speaker 2: within a month you lowered in ninety seven percent. But

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Speaker 2: I still think that it's a good thing that they

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Speaker 2: did as far as the administration, because it's not helpful

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Speaker 2: for the American economy or the Chinese economy to have

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Speaker 2: a trade war going on. So stocks rally on news

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Speaker 2: of this. Obviously, everybody's been happy about the news because

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Speaker 2: everybody was waiting for some level of compromise on this

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Speaker 2: on this deal, But what does this mean for the

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Speaker 2: broader economy and the broader stock market going forward?

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Speaker 3: I think he broke it down perfectly to have a

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Speaker 3: penalty of one hundred and forty five percent then go

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Speaker 3: to ten. It goes to show that the plan was

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Speaker 3: not thought out well enough.

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Speaker 1: And I get standing front, like being a parent.

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Speaker 3: If I tell my son you can't play PlayStation for

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Speaker 3: two years and then in three days, I'm like, hey,

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Speaker 3: bring all your friends over and have a Fortnite party,

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Speaker 3: He's not gonna take me serious. And I think while

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Speaker 3: we're fighting for America to keep his edge with bricks

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Speaker 3: closing that gap, I think we're laughing stock right now.

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Speaker 1: To be very honest, if you're gonna.

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Speaker 3: Play hardball and you step down in one month. While

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Speaker 3: it's great for the market, I don't know how much

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Speaker 3: he's gonna need to do to recover what was lost.

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Speaker 2: And I'll say this, I do think because I don't

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Speaker 2: want to be fair here, and I know we've been

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Speaker 2: tremendously hard on Trump and his administration, but he's doing

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Speaker 2: some things that I think are helpful. It's just hard

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Speaker 2: to champion him too much because every he does something

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Speaker 2: positive and then he says like white people in South

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Speaker 2: Africa are having a genocide and you want to bring refugees.

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Speaker 2: You know, It's just it's very difficult step forward in

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Speaker 2: three back. Yeah, he's he's he's very erratical with to

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Speaker 2: his behavior. He does very questionable things, but he's done

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Speaker 2: some good things, for sure. And I feel like there

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Speaker 2: was a need to tighten up trade deals for sure,

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Speaker 2: because there's a need, there's a need for it. So

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Speaker 2: he's not wrong in his thought process of getting more

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Speaker 2: for America. But like I said, I just feel like

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Speaker 2: it was an unnecessary whiplash that we still haven't fully

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Speaker 2: recoverage yet, we don't know the long term effects of it.

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Speaker 2: And just to do this and to abort missions so quickly,

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Speaker 2: you can't really say it's a win because if the

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Speaker 2: goal is to bring manufacturing jobs back to America, ten

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Speaker 2: percent is not going to do that at all. Right, Like,

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Speaker 2: if it's ten percent, if that's the number that we're

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Speaker 2: going to stay at, that's not drastically bringing all of

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Speaker 2: these manufacturing jobs back to America, which we knew that

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Speaker 2: was a sham anything. But but that's not a win

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Speaker 2: for America in my opinion. It's more money that's brought in.

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Speaker 2: That's positive, for sure. But if it's like a blockbuster, Okay,

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Speaker 2: we broke China and we created a new global infrastructure

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Speaker 2: with trade, how you lowered. You cut everybody's terriffs across

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Speaker 2: the board to basically nothing. The biggest one, the biggest

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Speaker 2: three that makes the most difference in our trading partners

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Speaker 2: is Mexico, China, and Canada. You cut Mexico and China.

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Speaker 2: I mean, you cut Mexico and Canada early relatively nothing.

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Speaker 2: Now you cut China to relatively nothing. So where's the win.

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Speaker 1: You doesn't get thrown on the office? Yeah, I mean,

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Speaker 1: I think there was a consensus. Even when we have

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Speaker 1: people come on, it was the consensus of we agree

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Speaker 1: with what he's trying to do, how he's doing it.

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Speaker 1: Most people didn't agree with it. I think there's there's

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Speaker 1: some matria to what you're saying in into the laughingstock piece,

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Speaker 1: because even though they are suspended, there's still just like

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Speaker 1: ninety day thing, Like we've been watching ninety days seventy

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Speaker 1: five day thing go on since January when it was TikTok,

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Speaker 1: and then it gets moved back and it's another ninety

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Speaker 1: So like what happens at the end of this ninety

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Speaker 1: days right, like we could keep doing this but again

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Speaker 1: and seeing the market rally like it did to day. Yeah,

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Speaker 1: there's plenty of optimism, but there's still a slight bit

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Speaker 1: of uncertainty, right because if you met in Geneva for

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Speaker 1: three straight days and you ironed out a deal, why

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Speaker 1: is it a ninety day deal? Why is only good

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Speaker 1: for three months? Why so when we get into the

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Speaker 1: summer months and it's like, all right, they did something

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Speaker 1: that we didn't like, or they did vice versa. We

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Speaker 1: can reniggle it, or we can go back to the

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Speaker 1: one hundred and forty five. It's just like this level

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Speaker 1: of uncertainty is really unnecessary if you're going to come

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Speaker 1: together for a deal to make the do right, Like

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Speaker 1: now we have to watch the clock and say, all right,

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Speaker 1: what happens now? What happens would send me's directly? Right?

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Speaker 1: Does that get suspended as well? Like that taft that

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Speaker 1: you were going to specifically put on that sector? I know,

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Speaker 1: fund you just signed it, the farmer legislation? What does

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Speaker 1: that look like? Right? Like there's all these executive orders

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Speaker 1: that get these deadlines, and then when the deadline comes like,

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Speaker 1: well maybe we'll stand it again, which leaves more uncertainty,

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Speaker 1: which means like in business, what are we really doing? Well?

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Speaker 2: I think to his credit, it's going to be extremely

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Speaker 2: difficult to work out a comprehensive deal in three days.

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Speaker 2: So you stopped the bleeding because there's obviously pain on

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Speaker 2: both sides.

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Speaker 1: But I don't I don't think that, just to rebebt

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Speaker 1: with just saying I don't even think it was just

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Speaker 1: these three days. I think that these negotiations have been

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Speaker 1: going on.

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Speaker 2: They said it hasn't, so we can only go on

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Speaker 2: what they tell us. So they say that this is

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Speaker 2: the first time that they actually had face to face negotiations.

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Speaker 2: That's what they said, That's what both countries said, but.

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Speaker 1: That's what So to that, he was saying that, remember

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Speaker 1: three weeks ago they were saying, we're negotiating with China,

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Speaker 1: and China say, now, we're never supposed to on.

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Speaker 2: Right exactly, you can't. So assuming that they just started

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Speaker 2: negotiating real negotiations this week, you can't negotiate a deal

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Speaker 2: in three days. That's hard to negotiate a comprehensive deal

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Speaker 2: that is going to be years in three days. So

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Speaker 2: I think that they did the right thing as far

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Speaker 2: as the ninety day pause, because it was better to

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Speaker 2: do this than to negotiate for three months and just

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Speaker 2: have this turmoil last for three months, so I'm not

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Speaker 2: necessarily I don't think that that's an irresponsible thing that

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Speaker 2: he did. As far as the ninety day situation, We'll

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Speaker 2: see what happens after the ninety days, but at least

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Speaker 2: they have three months to have comprehensive, real negotiations to

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Speaker 2: kind of figure out what the final deal. What's important

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Speaker 2: is what the final deal looks like. And the final

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Speaker 2: deal looks like then this then you know, they kick

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Speaker 2: the can down the road and they cause a lot

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Speaker 2: of unnecessary paying for We'll see if that's seven percent

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Speaker 2: over the course of time was worth it. Maybe it

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Speaker 2: is maybe seven percent what is going to be worth

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Speaker 2: all of the pain that was caused in the last month.

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Speaker 1: I don't know.

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Speaker 2: Only time will tell, But I do feel that they

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Speaker 2: did the right thing because they made a mistake. The

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Speaker 2: biggest thing into life is to correct your mistakes. Everybody

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Speaker 2: makes mistakes.

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Speaker 1: For sure.

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Speaker 2: They could have just dragged this dog down the road

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Speaker 2: for months and just I feel like, all right, they

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Speaker 2: screwed up. They recognized that they screwed up, and they said, okay,

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Speaker 2: let's think this thing through. Koula heads will prevail. We'll

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Speaker 2: see what happens in ninety days.

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Speaker 4: An illegal alien from Guatemala charged with raping a child

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Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 4: accused of murdering a Texas man of Venezuelan charged with

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Speaker 4: filming and selling child pornography in Michigan. These are just

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Speaker 4: some of the heinous migrant criminals caught because of President

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Speaker 4: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 4: crossings are at the lowest levels ever recorded, and over

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Speaker 4: one hundred thousand illegal aliens have been arrested. If you

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Speaker 4: were here illegally, your next you will be fine nearly

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Speaker 4: one thousand dollars a day, imprisoned and deported, you will

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Speaker 4: never return. But if you register using our CBP home

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Speaker 4: app and leave now, you could be allowed to return legally.

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Speaker 4: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 4: border and families will be protected.

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Speaker 1: Sponsored by the United States Department of Homeland Security,