WEBVTT - 35% Tariff If We Start The Show Late 0:00:10.960 --> 0:00:15.200 Broadcasting live from the Abraham Lincoln Radio Studio, the George 0:00:15.320 --> 0:00:19.919 Washington Broadcast Center, Jack Armstrong and Joe, Katty Armstrong and 0:00:20.079 --> 0:00:21.599 Jettie and he. 0:00:24.440 --> 0:00:25.000 Arms Rong. 0:00:30.160 --> 0:00:35.400 Are you terrified? It's a terrifle start to the day? 0:00:35.760 --> 0:00:36.400 Terrified? 0:00:37.800 --> 0:00:39.479 Live from studio. 0:00:39.200 --> 0:00:42.400 Seats signor a dimly lit room deeper in the bowels 0:00:42.400 --> 0:00:44.400 of the Armstrong and Getty Communications Compound. 0:00:44.400 --> 0:00:46.080 Hey, it's a little Friday. Let's get a the. 0:00:46.159 --> 0:00:49.519 Weekend starts now, all right, Today we're under the tutelage 0:00:49.560 --> 0:00:51.960 of our general manager, the trade war. 0:00:53.760 --> 0:00:55.000 Excusey poo poo. 0:00:55.160 --> 0:00:56.520 Here's something I thing I'd like to throw it. 0:00:56.560 --> 0:00:58.800 I think this would be helpful to everybody if you 0:00:59.000 --> 0:01:02.120 watch any coverage of this terrifficing and it's a big deal, 0:01:02.280 --> 0:01:04.280 it's it's it's a really really big deal. This is 0:01:04.280 --> 0:01:07.160 not a blowing a story out of proportion thing. It's 0:01:07.200 --> 0:01:08.840 a big story. It should be the lead story. It 0:01:08.840 --> 0:01:11.040 should be talked about all day, maybe all week, maybe 0:01:11.040 --> 0:01:15.960 all month. But any source that leads with the stock 0:01:16.000 --> 0:01:19.800 markets already down three percent, anything that focuses on how 0:01:19.880 --> 0:01:23.120 much the stock market's down in early hours or days, 0:01:24.120 --> 0:01:27.399 then turn it off. They're not serious news brokers. They're 0:01:27.440 --> 0:01:30.200 not They're not serious about discussing this because that's a 0:01:30.360 --> 0:01:32.319 dumb way to look at it. There's nothing wrong with 0:01:32.360 --> 0:01:34.800 including that in the coverage, but that's not the lead. 0:01:35.760 --> 0:01:37.440 Well, it doesn't mean anything. 0:01:38.880 --> 0:01:43.160 Do you have any ending if you can explain, Well, 0:01:43.160 --> 0:01:46.399 you're right, right, yeah, yeah, I would argue it's going 0:01:46.480 --> 0:01:47.480 to be more long term than that. 0:01:47.680 --> 0:01:51.600 But this is I you know, it's funny. 0:01:51.600 --> 0:01:53.720 I was going to say, in general about this story, 0:01:53.800 --> 0:02:00.160 beware anyone oversimplifying it, because you will have Trump's a 0:02:00.200 --> 0:02:02.480 monster and he's ruined the economy. The Wall Street Journal 0:02:02.560 --> 0:02:05.400 editorial board, for instance, has not only wet its pants, 0:02:05.400 --> 0:02:09.480 it's filled. It filled them pants. Why is pants plural 0:02:09.480 --> 0:02:11.800 and shirt not? You got two arms? 0:02:11.880 --> 0:02:12.240 Anyway? 0:02:12.280 --> 0:02:15.600 Well, I slowed down. What did you just say? Pants? 0:02:16.120 --> 0:02:16.800 Pants? 0:02:17.080 --> 0:02:18.600 I bought a pair of pants, even though it's one 0:02:18.680 --> 0:02:21.560 It's I didn't buy a pair hair. It's got two 0:02:21.600 --> 0:02:24.119 legs because that's the way bipeds are built. Right, It's 0:02:24.120 --> 0:02:25.920 why is it a pair? And why is it pants 0:02:26.000 --> 0:02:28.760 and not a shirts? I got two arms, right, That's 0:02:28.800 --> 0:02:32.400 what I'm saying. Huh So, anyway, the Wall Street Journalist 0:02:32.400 --> 0:02:37.040 is filled. It's lower garment with its papoo is what 0:02:37.040 --> 0:02:41.360 I'm hinting at U, saying that this is a disastrous, horrifying, 0:02:41.520 --> 0:02:44.760 radical wild move and Trump will ruin the economy. 0:02:45.440 --> 0:02:47.200 Uh, there are others who. 0:02:47.040 --> 0:02:51.000 Are a street journal who's in love with globalism and 0:02:51.040 --> 0:02:53.040 anything that makes giant corporations richer. 0:02:53.160 --> 0:02:56.160 Sure they're not worried about you. 0:02:56.960 --> 0:03:00.320 Meanwhile, on the MAGA right, you have people saying just 0:03:00.480 --> 0:03:05.080 ridiculous things about, hey, products will cost the same, the 0:03:05.200 --> 0:03:09.160 jobs will just be American, ignoring the fact that wait 0:03:09.160 --> 0:03:13.840 a minute, my labor costs just sex tuppled. How am 0:03:13.840 --> 0:03:16.799 I going to keep my prices the same? It's because well, 0:03:16.840 --> 0:03:19.120 tariffs will be so high. So it's there's there's a 0:03:19.160 --> 0:03:22.480 bit to untangle. But untangle it we will. It's a 0:03:22.520 --> 0:03:24.640 pair of socks and a pair of gloves, but those 0:03:24.680 --> 0:03:26.880 are two separate items. You can lose one glove and 0:03:26.919 --> 0:03:28.520 still have the other ones. You can hold one in 0:03:28.560 --> 0:03:35.120 each hand. Yeah, back to the tariff talk a pant. 0:03:36.200 --> 0:03:39.160 Here's another thing that I think is misleading that you're 0:03:39.200 --> 0:03:41.960 hearing on the want you to be scared channels, And 0:03:41.960 --> 0:03:42.920 maybe you should be scared. 0:03:42.920 --> 0:03:44.600 I don't I'm not claiming it's. 0:03:45.080 --> 0:03:47.280 All the people I tend to like on stuff like 0:03:47.320 --> 0:03:52.920 this think it's a horrible idea. So but the hitting 0:03:52.960 --> 0:03:56.360 you with the total number, the percentage of the tariff, 0:03:57.200 --> 0:04:00.560 and leaving out the fact that, for instance, of today, 0:04:00.800 --> 0:04:03.640 fifty four percent total tariff or they don't say total, 0:04:03.760 --> 0:04:07.120 they just say fifty four percent now on China, which 0:04:07.120 --> 0:04:09.000 sounds like an extraordinary number. Do you think, geez, my 0:04:09.000 --> 0:04:11.320 iPhone's going to cost three thousand dollars and everything like that. 0:04:11.400 --> 0:04:14.280 We're already at like thirty percent on most stuffs. We've 0:04:14.400 --> 0:04:17.039 added another twenty some percent. So it's a little misleading 0:04:17.240 --> 0:04:19.200 to hit you at the fifty four percent. We've been 0:04:19.200 --> 0:04:21.520 living with another pretty big number for quite a while, 0:04:21.800 --> 0:04:24.880 several years, right right. And you know what's funny, I'm 0:04:24.920 --> 0:04:26.960 having so much trouble finding this. I assumed it would 0:04:26.960 --> 0:04:29.200 be omnipresent. I need to have in front of me 0:04:30.080 --> 0:04:35.600 the eight pages of tariff figures that Trump was holding 0:04:35.680 --> 0:04:38.240 up and touting yesterday. And you may have seen on 0:04:38.320 --> 0:04:41.560 conservative news outlets pointing out and again, I apologize that 0:04:41.560 --> 0:04:42.800 I don't have the numbers in front of me. I 0:04:42.839 --> 0:04:45.320 will in just a couple of minutes that, for instance, 0:04:45.440 --> 0:04:48.080 Vietnam from which we get a great deal of our 0:04:48.160 --> 0:04:50.080 manufactured items. 0:04:50.440 --> 0:04:52.320 Is Nike. Most of your Nikes are made in vietnamme, 0:04:52.400 --> 0:04:53.120 that's correct. Yeah. 0:04:53.160 --> 0:04:58.839 And there's Sri Lanka and several other Southeast Asian countries, Malaysia, Thailand. 0:05:00.040 --> 0:05:02.880 We have been charging them next to no tariff, and 0:05:02.920 --> 0:05:07.000 they have been charging US sixty five seventy five, eighty 0:05:07.040 --> 0:05:11.400 eight percent in the case of India. And you look 0:05:11.440 --> 0:05:14.880 at that, and you say, and you hear somebody say 0:05:15.040 --> 0:05:19.080 Trump started a trade war. There was already a trade war. 0:05:19.320 --> 0:05:22.000 We had just gone ahead and conceded all the ground. 0:05:22.839 --> 0:05:26.640 This is the beginning of a process, right, Okay, this 0:05:26.680 --> 0:05:29.400 is where I'm perfectly willing to get into my ignorance 0:05:29.440 --> 0:05:31.400 portion of this. I've never claimed to be an expert 0:05:31.440 --> 0:05:32.159 in economics. 0:05:32.320 --> 0:05:37.960 See student over here, smartest horse on the whole trade 0:05:37.960 --> 0:05:38.360 war thing. 0:05:38.440 --> 0:05:40.080 So when I hear people, a lot of the people 0:05:40.080 --> 0:05:42.119 that I really like politically say I'm a free trader 0:05:42.120 --> 0:05:43.640 to the bone, I'm a free trader to the bone, 0:05:43.680 --> 0:05:46.320 free trade, yeah all the way. Okay, if Vietnam's got 0:05:46.360 --> 0:05:50.160 eighty percent tariffs on us, then what does how does 0:05:50.160 --> 0:05:53.120 that factor? Indo, You're a free trader. Well, it's dishonest. 0:05:54.839 --> 0:06:00.000 They have accepted the post WW two ground as it lies, 0:06:01.000 --> 0:06:03.640 free trade on that ground on that basis because you 0:06:03.680 --> 0:06:08.279 can still make tremendous amounts of money because you're having 0:06:08.520 --> 0:06:16.359 your manufacturing done over there for this gigantic economic market. 0:06:17.400 --> 0:06:20.400 Vietnam is not a gigantic economic market. So if I'm 0:06:20.440 --> 0:06:23.920 struggling to export to Vietnam, it doesn't matter. I'm selling 0:06:24.480 --> 0:06:27.920 to America primarily ear Europe or whatever. I'm not trying 0:06:27.960 --> 0:06:30.920 to be a smarty pants, got you ha ha guy. 0:06:31.040 --> 0:06:34.520 I honestly don't understand this, because I've heard multiple people 0:06:34.520 --> 0:06:37.840 say this recently. Their economic philosophy is free trade. Well, 0:06:37.880 --> 0:06:41.040 it sounds to me like these other countries we deal with, 0:06:41.320 --> 0:06:44.000 they've been tarifying the crap out of US. So where 0:06:44.000 --> 0:06:46.160 does the free trade come in. Is there much free 0:06:46.160 --> 0:06:49.839 trade going on? Yeah, you want free trade into the 0:06:49.960 --> 0:06:53.479 United So that's what they mean. Yes, okay, Yeah, you 0:06:53.640 --> 0:06:57.520 just want this giant juggernaut of a wonderful economy to 0:06:57.680 --> 0:07:01.200 continue to accept good manufactured cheaply. 0:07:01.040 --> 0:07:01.680 In the third World. 0:07:01.680 --> 0:07:03.839 I get that argument, we used that yesterday. I forget 0:07:03.880 --> 0:07:06.200 what thinker I like who said, why is every president 0:07:06.200 --> 0:07:10.000 Republican or Democrat coming to office and take hold of 0:07:10.040 --> 0:07:12.480 the world's most successful economy and think we've got to 0:07:12.600 --> 0:07:15.360 change things, right, Yeah, which is a pretty good question. 0:07:17.240 --> 0:07:20.400 Like I heard the stat on a japan who teariffs 0:07:20.400 --> 0:07:24.600 the heck out of cars coming from US, and eighty 0:07:24.680 --> 0:07:28.120 four percent of their vehicles are all Japanese made, right, 0:07:30.040 --> 0:07:34.440 It's it's this is true of so many things, especially economically, 0:07:35.040 --> 0:07:39.520 the post WW two era. And forgive me if you've 0:07:39.520 --> 0:07:43.640 heard this screen many times, in which we stood astride 0:07:43.680 --> 0:07:47.760 the globe as the only intact major economy. Europe was 0:07:47.800 --> 0:07:51.640 in ruins, Asia was living in huts, and and so we, 0:07:52.200 --> 0:07:54.240 in order to get the world up and running, partly 0:07:54.240 --> 0:07:56.240 so they would be a good market for our goods, 0:07:57.000 --> 0:07:59.480 accepted a certain amount of protectionism. Otherwise we would have 0:07:59.480 --> 0:08:01.600 overwhelmed and they never would have gotten up on their feet. 0:08:02.400 --> 0:08:05.960 Did I just say, feats Back to our theme anyway, So, 0:08:06.320 --> 0:08:10.440 like so many other things that lasted for a very 0:08:10.560 --> 0:08:13.560 very long time past the point, and I'm looking at you, China, 0:08:14.040 --> 0:08:16.920 to some extent, India, Vietnam, all those countries, they're now 0:08:17.040 --> 0:08:22.160 up and running economically speaking. They don't need a toddler 0:08:22.240 --> 0:08:27.400 seat anymore. And the problem is, while the corporations and 0:08:27.440 --> 0:08:31.880 corporate boards and stockholders, including myself, have been making lots 0:08:31.880 --> 0:08:34.720 and lots of money on American companies profits because they've 0:08:34.720 --> 0:08:37.000 offshored their labor and saved a ton of money, made 0:08:37.040 --> 0:08:41.080 goods cheaper for everybody, the American worker has taken the 0:08:41.080 --> 0:08:43.840 short end of that stick. And the argument from the 0:08:43.840 --> 0:08:48.680 so called free traders has always been, well, you know, 0:08:48.720 --> 0:08:50.720 we're all going to benefit rising tide lifts, so ali 0:08:50.720 --> 0:08:53.160 boats blah blah blah blah. But they never talked about 0:08:53.200 --> 0:08:57.560 the incredible tariffs on US goods being exported, and so 0:08:57.679 --> 0:09:00.600 the global export market has been really stunt it for us. 0:09:00.840 --> 0:09:04.120 That's part of the reason we've lost manufacturing jobs. But 0:09:04.120 --> 0:09:08.040 the big corporations, they have free movement globally. They can 0:09:08.080 --> 0:09:10.559 move any of their inputs and outputs to wherever they 0:09:10.559 --> 0:09:13.120 want within reason shipping blah blah blah. 0:09:13.160 --> 0:09:17.040 But the American worker can't. And so it is time. 0:09:17.120 --> 0:09:22.320 It's far past time to reset global trade in a 0:09:22.360 --> 0:09:25.400 way that isn't putting everybody put us in. 0:09:25.440 --> 0:09:26.679 A toddler seat. 0:09:27.440 --> 0:09:30.320 I got another question that only a dumb guy would ask. 0:09:30.360 --> 0:09:32.079 So I'm the perfect man for the job, but I'll 0:09:32.120 --> 0:09:34.200 do it after we start the official the show. Officially, 0:09:34.480 --> 0:09:37.359 I'm Jack Armstrong. He's Joe Getty on this It is Thursday, 0:09:37.520 --> 0:09:40.440 April third, the year twenty twenty five. We are armstrong 0:09:40.480 --> 0:09:42.800 in getting we approve of this program thirty five percent 0:09:42.880 --> 0:09:44.280 tariff if we start the show late. 0:09:44.400 --> 0:09:45.760 Oh jeez, I didn't know that. 0:09:45.840 --> 0:09:46.080 I know. 0:09:46.600 --> 0:09:50.080 Here we go officially according the FCC rules, rags at mark. 0:09:50.320 --> 0:09:53.800 For decades, our country has been looted, pillage, raped, and 0:09:53.920 --> 0:09:57.520 plundered by nations near and far, both friend and foe. 0:09:57.880 --> 0:10:01.080 Like our country and its taxpayers been ripped off for 0:10:01.120 --> 0:10:04.760 more than fifty years. But it is not going to 0:10:05.120 --> 0:10:06.160 happen anymore. 0:10:06.320 --> 0:10:07.280 It's not going to happen. 0:10:10.720 --> 0:10:12.280 So yeah, and we'll go through the list of the 0:10:12.320 --> 0:10:14.200 different countries and all that sort of stuff, and some 0:10:14.240 --> 0:10:16.400 of his charts is pretty interesting, and like I said, 0:10:16.720 --> 0:10:19.839 this is for real giant news story, like what's an 0:10:19.840 --> 0:10:24.320 iPhone gonna cost with the added multiple percentage tariffs thrown 0:10:24.320 --> 0:10:24.640 on there. 0:10:24.880 --> 0:10:26.840 But here's one of my questions. 0:10:26.880 --> 0:10:29.320 So two of my favorite products in the world, Levi's 0:10:29.360 --> 0:10:33.439 jeans and Converse shoes. I've got pairs of Levi's and 0:10:33.480 --> 0:10:35.400 Converse that were made in the United States, because it 0:10:35.440 --> 0:10:37.559 wasn't that long ago that Chucks were made in the 0:10:37.640 --> 0:10:41.880 United States, think until the nineties. I don't know when 0:10:41.920 --> 0:10:45.480 Levi's stopped early two thousands. Why was it profitable to 0:10:45.520 --> 0:10:47.920 make Levi's in the United States and Converse in the 0:10:48.040 --> 0:10:49.880 United States up until not that long ago? 0:10:50.040 --> 0:10:52.720 And then it and then they didn't. 0:10:54.440 --> 0:10:58.560 A handful of things technical and infrastructure capability is really 0:10:58.679 --> 0:10:59.960 really risen up in the third. 0:10:59.840 --> 0:11:02.560 World world in the last thirty years, say a lot. 0:11:02.679 --> 0:11:05.439 In both cases, the quality went down a lot. 0:11:05.720 --> 0:11:10.720 Yeah, yeah, and shipping efficiencies increased too. But right, there's 0:11:10.720 --> 0:11:16.040 been a long running experiment because it's all about profit margin. 0:11:17.360 --> 0:11:20.120 Not to get too complicated with this crap because it's 0:11:20.160 --> 0:11:23.840 boring for one thing, but there's a long running experiment. 0:11:25.080 --> 0:11:29.880 Can we make twenty dollars on one hundred dollars product? 0:11:30.160 --> 0:11:33.040 What if we really lower our costs in the Third 0:11:33.080 --> 0:11:36.839 World and sell a seventy dollars product, but instead of 0:11:36.880 --> 0:11:37.600 making twenty. 0:11:37.360 --> 0:11:39.959 Dollars, we're making twenty one dollars on it. 0:11:40.520 --> 0:11:45.160 Will Americans accept that seventy dollars pair of Converse shoes 0:11:45.360 --> 0:11:47.440 and the answer has been to a large extent, yes, 0:11:47.520 --> 0:11:51.079 all right, So some of it is cultural, I think, 0:11:51.440 --> 0:11:55.559 and this doesn't get discussed enough. The idea that there 0:11:55.640 --> 0:11:57.920 used to be like a great pride in Levi's were 0:11:58.000 --> 0:12:01.760 really high quality genes. Converts were I don't know how 0:12:01.880 --> 0:12:03.600 quality they were, but they were better than they are now, 0:12:03.640 --> 0:12:06.040 I guarantee because I've had both kinds. But Levi's were 0:12:06.080 --> 0:12:09.040 really high quality jeens and like a lot of high qualities. 0:12:09.120 --> 0:12:11.599 What was the American TV company, Magnavox or whatever it was, 0:12:11.640 --> 0:12:15.720 They made high quality. But I think there was a 0:12:15.760 --> 0:12:17.840 belief that you got to make a real high quality product, 0:12:18.520 --> 0:12:22.760 and then everybody found out. Unfortunately, as I've complained about 0:12:22.760 --> 0:12:25.280 for years, a lot of people are willing to buy crap. 0:12:25.840 --> 0:12:29.600 Mostly by jeans are crap. They're just a crappy product. 0:12:29.720 --> 0:12:33.720 They're really cheap, but they're crap. H They sell the 0:12:33.800 --> 0:12:36.240 premium brand. I don't hope their lawyers aren't up yet. 0:12:36.960 --> 0:12:38.320 There's an eddatorial opinion. 0:12:38.440 --> 0:12:38.800 Damn it. 0:12:38.840 --> 0:12:41.120 I'm not allowed to review a product as they just 0:12:41.200 --> 0:12:43.280 chose a guy in the media and I'm reviewing the 0:12:43.280 --> 0:12:46.400 product is crap. They make a premium brand that is 0:12:46.520 --> 0:12:49.240 like Levi's used to be not that many years ago, 0:12:49.320 --> 0:12:51.439 and they're real expensive, but they're they're high quality, they're 0:12:51.480 --> 0:12:51.800 real good. 0:12:51.840 --> 0:12:52.520 They can make them. 0:12:52.640 --> 0:12:55.559 They just figured out people are willing to buy tissue 0:12:55.600 --> 0:12:58.920 paper pants that will fall apart for a lower price, 0:12:59.480 --> 0:13:02.319 and it don't Speaking of this society, that all boils down. 0:13:02.320 --> 0:13:04.880 I think to the fact that we're a immediate gratification 0:13:05.040 --> 0:13:09.000 society in a way that was absolutely not true thirty 0:13:09.040 --> 0:13:09.960 forty fifty years ago. 0:13:10.040 --> 0:13:11.920 Cultural thing. I wonder how long it would take to 0:13:11.920 --> 0:13:15.960 get out of that. Ah, yeah, or ten dollars. 0:13:16.120 --> 0:13:19.079 You should pay one hundred dollars for a toaster and 0:13:19.640 --> 0:13:21.160 you have it for the next thirty years. You give 0:13:21.200 --> 0:13:23.720 it to your kids when you croak, right, but you 0:13:23.800 --> 0:13:25.839 don't you pay like I do. You pay twenty five 0:13:25.880 --> 0:13:28.160 dollars for a toaster and it's crap, the handle breaks 0:13:28.160 --> 0:13:29.439 off eventually or whatever. 0:13:29.559 --> 0:13:32.640 Yeah, you're renting it. We should, We should get on. 0:13:32.720 --> 0:13:34.319 We got to Katie's headlines on the way, and a 0:13:34.320 --> 0:13:35.520 lot more than I'd like to hear from you on 0:13:35.600 --> 0:13:38.599 these topics. Text line four one, five, two nine five KFTC. 0:13:42.040 --> 0:13:43.840 What do you guys talk about on your show? I've 0:13:43.840 --> 0:13:48.920 never heard it in tariff's mostly mostly talk about tariff, Yeah, 0:13:49.160 --> 0:13:51.640 tax rates and tariffs mostly, I mean in general. Yea 0:13:51.840 --> 0:13:55.400 very fun I was very maga last segment. The other 0:13:55.600 --> 0:13:57.160 side of the coin coming. 0:13:57.040 --> 0:13:57.719 Up a little bit later. 0:13:57.720 --> 0:13:59.679 There's another side of the coin, of course, there is, 0:14:00.120 --> 0:14:01.800 just you know, but we'll talk about that then. 0:14:01.960 --> 0:14:03.320 I let's figure out who's reporting what. 0:14:03.360 --> 0:14:07.160 It's the lead story with the delightful Katie Green Katie delighted. 0:14:07.600 --> 0:14:10.000 Oh thank you, well, because it's of all that anybody's 0:14:10.040 --> 0:14:14.840 talking about ABC. World leaders blast Trump tariffs as markets slump. 0:14:15.600 --> 0:14:19.280 Yeah, right, world leaders, fine, Yeah, it would be more 0:14:19.280 --> 0:14:22.800 fair if everybody included what Joe mentioned, what Trump mentioned yesterday. 0:14:22.840 --> 0:14:24.640 These other countries have been tariff in the hell out 0:14:24.640 --> 0:14:28.760 of US forever. So how many of you knew that? 0:14:28.960 --> 0:14:32.280 For one thing, European Union, for instance, thirty nine percent 0:14:32.360 --> 0:14:36.000 tariff's chart on the US thirty nine percent. We're bringing 0:14:36.040 --> 0:14:38.440 them up now to twenty percent. 0:14:38.400 --> 0:14:41.840 Oh half of what they're charging. It's a trade war. 0:14:43.640 --> 0:14:44.960 From Bridbart dot Com. 0:14:45.400 --> 0:14:51.200 Hiring accelerates in March despite tariff hysteria, adding one hundred 0:14:51.240 --> 0:14:53.400 and fifty five thousand jobs. 0:14:53.760 --> 0:14:54.760 Awesome wow. 0:14:56.200 --> 0:15:00.240 From Fox News Columbia University students chain themselves. It's a 0:15:00.280 --> 0:15:04.000 gate in them there up Khalil's detention by eyes. 0:15:04.080 --> 0:15:06.120 Add another chain that they don't have the key to. 0:15:06.360 --> 0:15:10.200 Yeah, confiscate their keys. Good luck, Good luck kids. Hey, 0:15:10.240 --> 0:15:12.360 you came here to learn, You're about to learn something. Yeah, 0:15:12.400 --> 0:15:16.040 we'll come back and check on your bones in six months. 0:15:16.320 --> 0:15:19.760 From the New York Times, Amazon said to make bid 0:15:19.840 --> 0:15:21.400 to buy TikTok. 0:15:21.120 --> 0:15:22.240 In the United States. 0:15:22.280 --> 0:15:26.440 Really, okay, we're wondering about how what kind of last 0:15:26.440 --> 0:15:30.560 minute deal could happen with TikTok, the world's second richest man, who, 0:15:30.600 --> 0:15:33.960 for whatever reason, doesn't get labeled with that. You're not 0:15:34.000 --> 0:15:35.880 evil if you're the second richest man in the world. 0:15:35.920 --> 0:15:37.480 Only if you're the richest man in the world, but 0:15:37.520 --> 0:15:39.320 the second richest man in the world thinking how I 0:15:39.360 --> 0:15:41.120 can afford to buy TikTok and make a ton of 0:15:41.120 --> 0:15:42.760 money off this thing? Boy, if you want to see 0:15:42.760 --> 0:15:45.720 an epic poos storm, you got the tariff thing going on, 0:15:47.120 --> 0:15:53.640 we bomb Iran and TikTok goes dark. You've got Wall 0:15:53.800 --> 0:15:57.680 Street screaming its head off, You've got young wasting their 0:15:57.720 --> 0:16:01.800 time America screaming it's head off. And then you know 0:16:01.880 --> 0:16:04.200 the left, and some of the said, well, so let's 0:16:04.400 --> 0:16:06.280 maybe we have wait a week on some of this. 0:16:07.280 --> 0:16:08.840 And this is written as a SOB story. 0:16:08.880 --> 0:16:12.760 From the Washington Post, a trans girl was banned from 0:16:12.760 --> 0:16:16.440 her track team. Now she's competing with the boys. 0:16:16.560 --> 0:16:19.080 Oh so a boy is competing with the boys. That 0:16:19.200 --> 0:16:24.800 is heartbreaking. Wow, shut up, WAPO, cut the crap. Huh, 0:16:24.840 --> 0:16:27.520 I'm going back to my old slogan didn't really catch on. 0:16:27.640 --> 0:16:28.440 I'm gonna try again. 0:16:29.080 --> 0:16:31.720 Brace Yourselves From The New York Post. 0:16:32.600 --> 0:16:38.640 Mom mortified when Toddler eats cremated grandfather's ashes. 0:16:38.880 --> 0:16:43.120 Oh, well, you know, you know that sounds like a 0:16:43.240 --> 0:16:45.840 ritual you would do in some you know, other culture 0:16:45.880 --> 0:16:48.520 that we find beautiful and mysterious. First Blush was discussing 0:16:48.600 --> 0:16:50.360 it's second Blush, it's kind of cool. 0:16:50.440 --> 0:16:52.880 Circle of lifeish, it's. 0:16:52.760 --> 0:16:55.520 Gonna have some odd poops though for a while. Oh 0:16:55.600 --> 0:16:56.680 will Will Junior. 0:16:58.920 --> 0:17:04.040 Finally, the Babylon Bee Corey Booker hosts twenty five hour 0:17:04.160 --> 0:17:06.720 PSA on the dangers of crystal meth. 0:17:07.880 --> 0:17:11.200 Boy, did that little stunt do nothing? We didn't mention 0:17:11.280 --> 0:17:14.200 it shouldn't have been mentioned. Not mentionable. Joe's going to 0:17:14.240 --> 0:17:15.119 talk about the other side of. 0:17:15.119 --> 0:17:17.720 The tariff thing. Yeah, there, it could be a downside 0:17:17.720 --> 0:17:19.239 among other things on the way. I hope you can 0:17:19.280 --> 0:17:23.000 stay here, armstrong and getty. 0:17:24.720 --> 0:17:28.960 My advice to every country right now is, do not retaliate, 0:17:29.359 --> 0:17:32.560 Sit back, take it in, let's see how it goes, 0:17:32.640 --> 0:17:36.320 because if you retaliate, there will be escalation if you 0:17:36.400 --> 0:17:37.400 don't retaliate. 0:17:37.760 --> 0:17:39.879 This is the high water mark. I like it. I 0:17:39.960 --> 0:17:40.560 like a threat. 0:17:41.560 --> 0:17:47.160 So the Mirroweeney's the big tariffs have been set by Trump. 0:17:48.440 --> 0:17:53.680 A trade war has begun, reversing the trend of the 0:17:53.720 --> 0:17:58.320 last seventy years post WW two, and nobody wants to admit, 0:17:58.359 --> 0:18:01.280 as we were discussing earlier, that the other countries have 0:18:01.320 --> 0:18:02.280 been tariffing. 0:18:01.920 --> 0:18:05.159 The hell out of us. We just haven't reciprocated. 0:18:05.840 --> 0:18:10.359 And Trump, and I agree with him, has said, hey, 0:18:10.600 --> 0:18:14.280 the era for that is over. We need reciprocal tariff. 0:18:14.280 --> 0:18:16.160 You're gonna hit us with twenty percent, We're gonna hit 0:18:16.160 --> 0:18:20.679 you with something not even twenty percent, and it's discounted, 0:18:20.680 --> 0:18:24.800 as he called it. And it's indisputable that we've been 0:18:24.800 --> 0:18:28.560 sending American jobs overseas and buying cheap foreign crap and 0:18:28.600 --> 0:18:32.840 putting our manufacturers out of business. Well, the numbers he 0:18:32.880 --> 0:18:36.160 hit with was yesterday were Jesus, did my tongue get 0:18:36.160 --> 0:18:40.480 cut off? The numbers he hit us with yesterday were 0:18:40.520 --> 0:18:42.240 lower than people were expecting, were they not. 0:18:42.960 --> 0:18:44.400 That's why I saw on a bunch of headlines. 0:18:44.680 --> 0:18:47.919 Yes, yeah, yeah, And we'll get into the actual numbers 0:18:48.600 --> 0:18:56.679 the anti MAGA point of view in summary, and this 0:18:56.800 --> 0:18:57.960 is also correct. 0:18:58.240 --> 0:19:03.560 He's hitler. Not that part that's not correct. The argument 0:19:03.640 --> 0:19:04.080 is that. 0:19:05.760 --> 0:19:09.760 It would take a very long time of very consistent 0:19:10.400 --> 0:19:14.800 higher tariffs to revive American manufacturing in the way Trump 0:19:14.840 --> 0:19:15.120 and JD. 0:19:15.280 --> 0:19:16.879 Vans are talking about, for instance. 0:19:17.359 --> 0:19:21.920 And that's because it takes a corporation a long time 0:19:22.200 --> 0:19:24.560 to plan a new plant, never mind to build a 0:19:24.640 --> 0:19:27.520 damn thing, finance it and get it up and run 0:19:27.560 --> 0:19:30.600 it into actually producing, and then there's a certain time 0:19:30.920 --> 0:19:32.960 before it's profitable because you'd poured so much. 0:19:32.880 --> 0:19:34.320 Money into and your prices would be higher. 0:19:34.359 --> 0:19:38.359 If Converse brought making Converse shoes back to the United States, 0:19:38.880 --> 0:19:41.040 it'd be the all the things you just mentioned. Yeah, 0:19:41.040 --> 0:19:44.439 I'm gonna build a plant somewherewhere break ground, environmental reviews, 0:19:44.520 --> 0:19:46.640 all those things. Build a plant and then start selling 0:19:46.680 --> 0:19:50.120 them and they would cost more. So can it work 0:19:50.160 --> 0:19:53.560 out and exactly the way Trump is promising. That's a 0:19:53.640 --> 0:19:58.040 tough sled, really really tough. But that doesn't mean it's 0:19:58.119 --> 0:20:03.359 all a bad idea. Again, everybody else has had training 0:20:03.359 --> 0:20:07.160 wheels post WW two. Take a look at China, India, 0:20:07.840 --> 0:20:11.400 you know, Vietnam. We've mentioned the European Union. For god's sake, 0:20:11.920 --> 0:20:15.560 it's not nineteen forty five. They seem to have rebuilt. 0:20:16.080 --> 0:20:19.679 So it's time for a new trade structure. Either of 0:20:19.720 --> 0:20:23.439 the Honduras. I'm looking at you. So let's get some 0:20:23.560 --> 0:20:27.439 arguments for and against and help you understand the different 0:20:27.440 --> 0:20:33.639 points of view. There is right on both sides. And 0:20:34.720 --> 0:20:38.200 you know, a lot of people are rushing to make predictions. 0:20:38.240 --> 0:20:41.400 It's a it's silly to even try to make predictions 0:20:41.520 --> 0:20:44.320 about next week, never mind, you know, way down the road, 0:20:44.440 --> 0:20:45.880 because we have no idea how they're going to react, 0:20:45.960 --> 0:20:48.119 for one thing, these other countries, and they're going to 0:20:48.480 --> 0:20:53.080 react individually. I imagine some of them are going to immediately 0:20:54.840 --> 0:20:57.119 change their tariff structure out of fear. Some of them 0:20:57.119 --> 0:21:00.000 are going to hold their ground. Yeah, Canada, Israel, Indiana, 0:21:01.000 --> 0:21:03.640 I'll find the complete list have said, no, we're not retaliating. 0:21:03.680 --> 0:21:06.920 We'll work this out. It'll be fine. So where this 0:21:07.080 --> 0:21:10.240 is next month, on the third of the month. Nobody knows. 0:21:11.040 --> 0:21:16.080 So anyway, some arguments pro we heard Scott Bessen't they're 0:21:16.160 --> 0:21:20.120 the Secretary of the Treasury saying, don't you be retaliating, 0:21:20.240 --> 0:21:21.640 or we'll give you a good slap down. 0:21:23.280 --> 0:21:23.960 Here's Howard. 0:21:24.200 --> 0:21:25.560 Yes, maybe be a good idea to go to the 0:21:25.640 --> 0:21:28.000