1 00:00:03,840 --> 00:00:11,119 Speaker 1: It's that time time, time, time, Luck and load. The 2 00:00:11,320 --> 00:00:13,720 Speaker 1: Michael Verie Show is on the air. 3 00:00:27,320 --> 00:00:34,320 Speaker 2: Tesla Terrorism and tariffs, or Trump tariffs. If you wanted 4 00:00:34,320 --> 00:00:40,000 Speaker 2: another tea to be alliterative, I suppose Wednesday President Trump 5 00:00:40,040 --> 00:00:43,960 Speaker 2: is referring to as Liberation Day, the day that America 6 00:00:44,240 --> 00:00:48,559 Speaker 2: begins to protect itself against the world. We're going to 7 00:00:48,600 --> 00:00:52,159 Speaker 2: talk about tariffs, and we'll talk about the teslas as well. 8 00:00:53,600 --> 00:00:54,480 Speaker 1: Today because I. 9 00:00:54,400 --> 00:00:59,080 Speaker 2: Think it's important that people understand these basic tenets of 10 00:00:59,560 --> 00:01:02,720 Speaker 2: economic and based on the emails, I get a number 11 00:01:02,720 --> 00:01:05,399 Speaker 2: of people are curious as to what's going on. But 12 00:01:05,560 --> 00:01:09,840 Speaker 2: we start with a poll that I saw the results 13 00:01:09,840 --> 00:01:14,360 Speaker 2: of earlier. It was a Fox News poll conducted March 14 00:01:14,400 --> 00:01:17,440 Speaker 2: fourteenth through the seventeenth, so it was in the field 15 00:01:17,680 --> 00:01:20,479 Speaker 2: up until two weeks ago. I don't know much has 16 00:01:20,959 --> 00:01:24,880 Speaker 2: changed since then, but the and it was a plus 17 00:01:24,959 --> 00:01:28,240 Speaker 2: or minus four percent poll. And this is outside the 18 00:01:30,040 --> 00:01:33,559 Speaker 2: margin of error, So assuming the poll was done well, 19 00:01:34,360 --> 00:01:37,280 Speaker 2: the question was Trump's handling of the economy? You approve 20 00:01:37,360 --> 00:01:43,320 Speaker 2: or disapprove? Forty three percent approve, fifty six percent disapprove. 21 00:01:45,280 --> 00:01:48,240 Speaker 2: Now it's called the cross tabs in polling. It's very 22 00:01:48,280 --> 00:01:50,800 Speaker 2: you learn a lot. Businesses do this a lot on 23 00:01:50,880 --> 00:01:54,640 Speaker 2: you when they can get you to answer questions. They 24 00:01:54,680 --> 00:02:00,920 Speaker 2: first want to know your race, sex, age, and then 25 00:02:00,960 --> 00:02:03,680 Speaker 2: they want to know how much money you have and 26 00:02:03,840 --> 00:02:07,040 Speaker 2: your ideological position depending on the product and what they're 27 00:02:07,040 --> 00:02:09,640 Speaker 2: trying to sell, And they want to know what drives 28 00:02:09,639 --> 00:02:12,919 Speaker 2: you or you a value proposition per you want something cheap? 29 00:02:13,800 --> 00:02:16,239 Speaker 2: Are you a person who's going to build your identity 30 00:02:16,280 --> 00:02:19,160 Speaker 2: into the product? So the cross tabs tell you more 31 00:02:19,200 --> 00:02:21,520 Speaker 2: than the basic do you like or not like this product? 32 00:02:22,320 --> 00:02:24,320 Speaker 2: So the forty three fifty six is not as helpful 33 00:02:24,320 --> 00:02:26,200 Speaker 2: as I would like it to be. I haven't laid 34 00:02:26,200 --> 00:02:29,400 Speaker 2: my hands on the pole itself. But what would be 35 00:02:29,440 --> 00:02:33,640 Speaker 2: interesting to ask after that is, Okay, if you disapprove 36 00:02:33,720 --> 00:02:37,120 Speaker 2: of his handling of the economy, what exactly do you 37 00:02:37,160 --> 00:02:43,919 Speaker 2: disapprove of he's been president for sixty days. What has 38 00:02:44,000 --> 00:02:47,720 Speaker 2: he done that you don't like? Or do you just 39 00:02:47,800 --> 00:02:50,919 Speaker 2: kind of generally not like him? Well, what people don't 40 00:02:50,960 --> 00:02:55,520 Speaker 2: say when they're polled is, look, I have no idea 41 00:02:55,520 --> 00:02:59,000 Speaker 2: what he's done, I have no idea what he could do. 42 00:02:59,760 --> 00:03:04,079 Speaker 2: I'd know I need a job, I need a job, 43 00:03:05,480 --> 00:03:10,720 Speaker 2: or I just know money short or whatever else. So, 44 00:03:12,160 --> 00:03:15,080 Speaker 2: and that's okay, there's nothing wrong with that. Everybody doesn't 45 00:03:15,120 --> 00:03:18,200 Speaker 2: have to be as informed as you are, but they're 46 00:03:18,240 --> 00:03:19,200 Speaker 2: being told to daily. 47 00:03:19,240 --> 00:03:23,040 Speaker 1: And this is my problem that Trump's messing up the economy. 48 00:03:23,520 --> 00:03:25,639 Speaker 2: I have listeners who say, hey, Michael, I'm a Trump fan, 49 00:03:26,800 --> 00:03:30,639 Speaker 2: but I'm not sure on these tariffs. And I'll send 50 00:03:30,760 --> 00:03:35,559 Speaker 2: back and say, okay, what about the terriffs worries you? 51 00:03:35,680 --> 00:03:35,800 Speaker 3: Now? 52 00:03:35,800 --> 00:03:37,640 Speaker 2: I say I don't know. I don't even understand them. 53 00:03:39,080 --> 00:03:42,040 Speaker 2: Then why were you not sure on them? If you 54 00:03:42,080 --> 00:03:44,720 Speaker 2: were going to have a presumption, why wouldn't your presumption 55 00:03:44,840 --> 00:03:50,160 Speaker 2: be that you favor them instead of disfavoring. You don't 56 00:03:50,160 --> 00:03:54,520 Speaker 2: even realize that you're being sold all the time, even Republicans. 57 00:03:55,000 --> 00:03:56,160 Speaker 1: And here is the problem. 58 00:03:56,600 --> 00:03:59,480 Speaker 2: A lot of folks on our side like to dip 59 00:03:59,520 --> 00:04:03,800 Speaker 2: their suckers for punishment. They are suckers for punishment. It's 60 00:04:03,800 --> 00:04:05,640 Speaker 2: why people get on a roller coaster scare the hell 61 00:04:05,680 --> 00:04:08,680 Speaker 2: out of me. It's why haunted houses are so. I 62 00:04:08,720 --> 00:04:10,600 Speaker 2: went to a haunted house in Baton Rouge one time, 63 00:04:11,520 --> 00:04:14,680 Speaker 2: and they had catacombs down below, and it was these 64 00:04:14,680 --> 00:04:17,240 Speaker 2: two gay guys that are nurses that had to quit 65 00:04:17,320 --> 00:04:19,640 Speaker 2: being nurses, which was a good paying job at the 66 00:04:19,640 --> 00:04:23,400 Speaker 2: hospital there because they had the third best ranked haunted 67 00:04:23,400 --> 00:04:25,719 Speaker 2: house in the country. 68 00:04:25,920 --> 00:04:28,160 Speaker 1: Michael Hudson was a market manager at the time. 69 00:04:28,920 --> 00:04:32,080 Speaker 2: And he took me there because I was doing a 70 00:04:32,240 --> 00:04:35,000 Speaker 2: station event or something at the time. And we went 71 00:04:35,040 --> 00:04:38,200 Speaker 2: in and I'm not a haunted house guy. I'm not 72 00:04:38,240 --> 00:04:42,040 Speaker 2: a horror movie guy. That's not my thing. But they 73 00:04:42,080 --> 00:04:44,760 Speaker 2: had become a show sponsor, I believe, and this thing 74 00:04:44,839 --> 00:04:46,480 Speaker 2: was supposed to be world class, and I thought, how 75 00:04:46,520 --> 00:04:47,520 Speaker 2: good it is a haunted house. 76 00:04:47,560 --> 00:04:52,520 Speaker 1: Ooh uh, okay, all right. I went in and this 77 00:04:52,720 --> 00:04:55,520 Speaker 1: thing I've never seen anything like it. The production values. 78 00:04:56,240 --> 00:05:00,400 Speaker 2: They hire actors who live and work in back rouge 79 00:05:00,440 --> 00:05:02,640 Speaker 2: and struggle to pay their bills, but during the month 80 00:05:02,640 --> 00:05:04,640 Speaker 2: of October they pay them. They get a salary. They're 81 00:05:04,640 --> 00:05:08,400 Speaker 2: working every day. These people were over the top. And 82 00:05:08,400 --> 00:05:10,480 Speaker 2: I don't just mean they were screaming or acting stupid. 83 00:05:11,080 --> 00:05:13,880 Speaker 2: They had scenes where you would walk through there and 84 00:05:14,120 --> 00:05:16,800 Speaker 2: blood is spurting out of a patient that's laying on 85 00:05:16,839 --> 00:05:18,960 Speaker 2: a gurney, and it's like what you would imagine a 86 00:05:18,960 --> 00:05:21,840 Speaker 2: hospital would look like in eighteen eighty and the doctor 87 00:05:21,880 --> 00:05:24,080 Speaker 2: turns and looks at you. You know, you've interrupted him 88 00:05:24,080 --> 00:05:26,039 Speaker 2: in the middle of his surgery. And I mean it 89 00:05:26,160 --> 00:05:30,320 Speaker 2: was a level I'd never seen before. It was I'm 90 00:05:30,360 --> 00:05:33,320 Speaker 2: glad to win. It was quite the experience. So I 91 00:05:33,360 --> 00:05:35,640 Speaker 2: interviewed the guys afterwards, or at least talk to him 92 00:05:35,640 --> 00:05:36,920 Speaker 2: in person. I think I just talked about it on 93 00:05:36,960 --> 00:05:38,080 Speaker 2: the air. I don't think I had him on the air, 94 00:05:38,080 --> 00:05:38,800 Speaker 2: but I may have had him. 95 00:05:38,720 --> 00:05:39,039 Speaker 3: On the air. 96 00:05:39,440 --> 00:05:43,400 Speaker 1: And it was quite It was quite a deal. 97 00:05:43,640 --> 00:05:46,680 Speaker 2: They were what they were doing there anyway. People liked 98 00:05:46,720 --> 00:05:51,440 Speaker 2: to be scared. People like to have these odd emotions. 99 00:05:52,240 --> 00:05:55,680 Speaker 2: When my wife's mother was allowed, she was a doctor 100 00:05:55,720 --> 00:06:00,040 Speaker 2: in India and the house they lived in one wing 101 00:06:00,080 --> 00:06:02,640 Speaker 2: of the house was where they lived the other wing 102 00:06:02,680 --> 00:06:07,479 Speaker 2: it was like an l was her medical clinic in 103 00:06:07,520 --> 00:06:11,600 Speaker 2: a rural environment. And my wife grew up watching these 104 00:06:11,640 --> 00:06:15,520 Speaker 2: people who would come to the to their house. They 105 00:06:15,520 --> 00:06:18,239 Speaker 2: would knock on the front door and my wife's mother 106 00:06:18,920 --> 00:06:21,840 Speaker 2: would say, you know, go back in there, don't. I 107 00:06:21,839 --> 00:06:24,600 Speaker 2: don't want you out here, and you'd be there and 108 00:06:24,680 --> 00:06:27,719 Speaker 2: some guy would have a nub of an arm left 109 00:06:28,320 --> 00:06:30,680 Speaker 2: and he was afraid that the infection would go all 110 00:06:30,680 --> 00:06:31,599 Speaker 2: the way up and kill him. 111 00:06:31,960 --> 00:06:33,920 Speaker 1: So she would have to deal with. He had lost 112 00:06:33,960 --> 00:06:34,360 Speaker 1: all his. 113 00:06:34,240 --> 00:06:36,760 Speaker 2: Fingers and then his hand, and then all the way 114 00:06:36,800 --> 00:06:39,799 Speaker 2: up to his elbow. And so what happened, what would happen, 115 00:06:40,000 --> 00:06:42,840 Speaker 2: was that these people were too poor to be able 116 00:06:42,880 --> 00:06:46,520 Speaker 2: to afford alcohol, and they would make cheap pooch. But 117 00:06:46,600 --> 00:06:49,280 Speaker 2: some of them couldn't even afford that, and so they 118 00:06:49,279 --> 00:06:52,240 Speaker 2: would put their hand into a cobra pit. You heard 119 00:06:52,240 --> 00:06:54,360 Speaker 2: this before, you heard me tell it, or you've heard 120 00:06:54,360 --> 00:06:58,359 Speaker 2: of it, and the venom they would. And so the 121 00:06:58,360 --> 00:06:59,840 Speaker 2: problem is it just took more and more like any 122 00:06:59,839 --> 00:07:04,599 Speaker 2: other drug. So there are people who, even on our side, 123 00:07:04,720 --> 00:07:06,960 Speaker 2: can't help themselves to put their hand in that pit, 124 00:07:08,040 --> 00:07:09,760 Speaker 2: and then they get very upset. 125 00:07:09,800 --> 00:07:13,280 Speaker 1: Migael will what Rachel Madou said. Yeah, she's an idiot, 126 00:07:13,360 --> 00:07:15,160 Speaker 1: but you need to hear this. No, I don't know. 127 00:07:15,320 --> 00:07:18,560 Speaker 2: You need to hear what Why nobody's listening to her 128 00:07:18,640 --> 00:07:22,800 Speaker 2: except for you. And here's what happens, whether you realize 129 00:07:22,840 --> 00:07:26,640 Speaker 2: it or not. Some of her idiotcy sinks in some 130 00:07:26,720 --> 00:07:30,760 Speaker 2: of her doubts, because sometimes her doubt is not couched 131 00:07:30,880 --> 00:07:35,480 Speaker 2: in Rachel Maddow. Sometimes her doubt is couching somebody like 132 00:07:35,600 --> 00:07:41,000 Speaker 2: Nikki Haley or Mitt Romney or Dick Cheney or somebody that, well, 133 00:07:41,040 --> 00:07:43,520 Speaker 2: he doesn't have it in for Trump. Maybe he's Republitan 134 00:07:43,600 --> 00:07:47,240 Speaker 2: that he assays this. So even some of our people 135 00:07:48,400 --> 00:07:51,080 Speaker 2: are worried with the tariffs. And I'm okay with you 136 00:07:51,120 --> 00:07:54,200 Speaker 2: being worried about the tariffs if you can explain why 137 00:07:54,240 --> 00:07:58,360 Speaker 2: you're worried about the tariff. But if you don't fully understand, 138 00:07:59,120 --> 00:08:00,920 Speaker 2: if you tell me that we shouldn't put a twenty 139 00:08:00,920 --> 00:08:03,920 Speaker 2: five percent tariff on Canada and Mexico and you can't 140 00:08:03,920 --> 00:08:06,160 Speaker 2: tell me on average what they're tariff's on our products 141 00:08:06,200 --> 00:08:08,920 Speaker 2: into their country, is said, we have a problem a 142 00:08:09,000 --> 00:08:12,920 Speaker 2: ten percent tariff on China. Why well, I like cheap stuff. Okay, 143 00:08:12,960 --> 00:08:16,200 Speaker 2: you like cheap stuff or you like hi wages for 144 00:08:16,200 --> 00:08:17,680 Speaker 2: our employees because you can't have both. 145 00:08:17,960 --> 00:08:19,240 Speaker 1: We're going to talk about this coming up. 146 00:08:20,440 --> 00:08:23,080 Speaker 3: Listen to the Michael Berry Show podcast and you'll be 147 00:08:23,160 --> 00:08:26,240 Speaker 3: the smartest guy in the room. Share with your friends 148 00:08:26,520 --> 00:08:28,680 Speaker 3: and you'll be the most popular too. 149 00:08:29,800 --> 00:08:33,200 Speaker 2: So, a tariff is basically a tax, for what you 150 00:08:33,280 --> 00:08:37,040 Speaker 2: may have heard in Civics lesson when you were in school, 151 00:08:37,480 --> 00:08:41,600 Speaker 2: a duty. You can call it a custom duty, a 152 00:08:41,720 --> 00:08:44,160 Speaker 2: duty being a tax, a fine. You can call it 153 00:08:44,200 --> 00:08:48,000 Speaker 2: whatever you want. Fines tend to be related to behaviors. 154 00:08:48,000 --> 00:08:50,559 Speaker 2: You can avoid a fine, but you can avoid at tax. 155 00:08:51,559 --> 00:08:54,680 Speaker 2: But for the purposes of this conversation, and forgive me, 156 00:08:54,960 --> 00:08:56,760 Speaker 2: I know you know this, but somebody else may not, 157 00:08:56,880 --> 00:09:00,200 Speaker 2: let's make sure we all understand. So a tariff is 158 00:09:00,240 --> 00:09:03,280 Speaker 2: something at tax that you impose on a product before 159 00:09:03,320 --> 00:09:07,560 Speaker 2: you bring it into your country, and the exporter from 160 00:09:07,640 --> 00:09:11,280 Speaker 2: that country who is sending it to the importer here, 161 00:09:12,960 --> 00:09:15,800 Speaker 2: they pay it. So, as I explained earlier today, I'll 162 00:09:15,840 --> 00:09:18,200 Speaker 2: use the same example. If they've got a bushel of 163 00:09:18,240 --> 00:09:21,000 Speaker 2: fruit coming from Mexico to the United States, and they 164 00:09:21,080 --> 00:09:25,080 Speaker 2: sell that bushel for one hundred dollars. The guy on 165 00:09:25,120 --> 00:09:28,720 Speaker 2: this side, the American importer, he pays one hundred dollars 166 00:09:28,800 --> 00:09:30,880 Speaker 2: per bushel to bring it in here, and then he 167 00:09:30,920 --> 00:09:32,920 Speaker 2: goes and sells it for two hundred dollars on the 168 00:09:32,920 --> 00:09:35,880 Speaker 2: market or whatever that is, and or he breaks it 169 00:09:35,960 --> 00:09:37,599 Speaker 2: up into pieces and sells it. But let's say he 170 00:09:37,600 --> 00:09:40,480 Speaker 2: gets two hudred back for that. So now we impose 171 00:09:40,520 --> 00:09:43,880 Speaker 2: a twenty five percent terrify on him, and that means 172 00:09:44,600 --> 00:09:47,360 Speaker 2: that he must now pay one hundred He must Now, 173 00:09:49,240 --> 00:09:51,559 Speaker 2: if he's going to sell it to the end user 174 00:09:52,120 --> 00:09:56,360 Speaker 2: here I mean to the importer for one hundred dollars, 175 00:09:56,559 --> 00:09:59,080 Speaker 2: he's got to eat the twenty five dollars so that 176 00:09:59,120 --> 00:10:02,000 Speaker 2: goes straight to his bottom line, or he has to 177 00:10:02,000 --> 00:10:04,560 Speaker 2: pass the tax on to the importer. So he says, 178 00:10:04,600 --> 00:10:06,240 Speaker 2: you got to pay me one twenty five because I 179 00:10:06,280 --> 00:10:07,920 Speaker 2: got to take twenty five out of what you pay 180 00:10:07,960 --> 00:10:09,720 Speaker 2: me and pay the tariff. I gotta pay your government, 181 00:10:09,880 --> 00:10:15,600 Speaker 2: all right, Well, American consumers are very price conscious. A 182 00:10:15,600 --> 00:10:18,920 Speaker 2: lot of people love to get a deal. Love love, 183 00:10:19,440 --> 00:10:22,480 Speaker 2: love to get a deal, even if it's not going 184 00:10:22,520 --> 00:10:24,640 Speaker 2: to make or break even. They're not going to save 185 00:10:24,640 --> 00:10:27,880 Speaker 2: the money. Begetting the deal is the thing for a 186 00:10:27,880 --> 00:10:32,440 Speaker 2: certain shopper. My mother was that way, my father's that way. 187 00:10:33,760 --> 00:10:36,320 Speaker 2: So the one hundred dollars that they would have sold 188 00:10:36,320 --> 00:10:37,800 Speaker 2: it to you for now makes it one hundred and 189 00:10:37,800 --> 00:10:38,240 Speaker 2: twenty five. 190 00:10:39,160 --> 00:10:40,240 Speaker 1: Well, it may be the case. 191 00:10:40,320 --> 00:10:43,600 Speaker 2: Let's say El Salvador has a bushel they can sell, 192 00:10:43,760 --> 00:10:46,240 Speaker 2: but they can only because they have to push it 193 00:10:46,280 --> 00:10:48,000 Speaker 2: further from El Salvador to get it up to the 194 00:10:48,080 --> 00:10:52,560 Speaker 2: United States, and that's added ten dollars, so they can't 195 00:10:52,600 --> 00:10:55,360 Speaker 2: sell it to the person who wholesales it imports it 196 00:10:55,400 --> 00:10:58,280 Speaker 2: here but for one hundred and ten. So they couldn't 197 00:10:58,280 --> 00:11:01,040 Speaker 2: compete with the Mexican bushel. But now they can. They're 198 00:11:01,080 --> 00:11:05,679 Speaker 2: fifteen dollars cheaper. So the American importer says, my customer 199 00:11:05,679 --> 00:11:06,520 Speaker 2: doesn't care where it's from. 200 00:11:06,520 --> 00:11:07,200 Speaker 1: He wants it's cheap. 201 00:11:07,679 --> 00:11:10,160 Speaker 2: So El Salvador, I'll take your product for one hundred 202 00:11:10,160 --> 00:11:13,280 Speaker 2: and ten, and I'm not going to take the Mexican 203 00:11:13,320 --> 00:11:17,080 Speaker 2: product for one hundred and twenty five. So the Mexican 204 00:11:17,640 --> 00:11:21,440 Speaker 2: has to drop his price and drop his profit, and 205 00:11:21,480 --> 00:11:22,959 Speaker 2: he may not be able to do that. He may 206 00:11:23,000 --> 00:11:26,080 Speaker 2: not have that much profit margin built in. Often profits 207 00:11:26,280 --> 00:11:29,760 Speaker 2: are often profits are much leaner than you imagine, and 208 00:11:29,800 --> 00:11:31,080 Speaker 2: they try to get there through volume. 209 00:11:32,160 --> 00:11:35,720 Speaker 1: So that's how a tariff works. Custom duty duty. 210 00:11:36,920 --> 00:11:40,160 Speaker 2: Now people will tell me, but Michael, I thought you 211 00:11:40,160 --> 00:11:42,280 Speaker 2: were for free trade. I am very much a free 212 00:11:42,360 --> 00:11:47,800 Speaker 2: trade person. Free trade is what is a competition that 213 00:11:47,920 --> 00:11:52,720 Speaker 2: allows companies wherever they may be. It not only allows, 214 00:11:52,800 --> 00:11:58,319 Speaker 2: it requires companies to compete, and competition is good. Competition 215 00:11:58,559 --> 00:12:02,000 Speaker 2: is not always good or should I say desirable, for 216 00:12:02,080 --> 00:12:06,600 Speaker 2: companies because companies want to have a monopoly and they 217 00:12:06,640 --> 00:12:09,520 Speaker 2: don't care if you're getting new and improved products. 218 00:12:10,160 --> 00:12:12,920 Speaker 1: They want to maximize profits. That's understandable. 219 00:12:13,600 --> 00:12:18,400 Speaker 2: They will create, they will innovate new improved products because 220 00:12:18,400 --> 00:12:21,640 Speaker 2: that's how they get more sales. That's why you're always 221 00:12:21,760 --> 00:12:25,320 Speaker 2: changing models, makes it models or models the on vehicles 222 00:12:25,440 --> 00:12:26,920 Speaker 2: because you want that new and that new and that 223 00:12:26,920 --> 00:12:27,800 Speaker 2: new and that new feature. 224 00:12:27,800 --> 00:12:31,920 Speaker 1: There's always some you know, crab walks. Oh okay, all right, So. 225 00:12:33,800 --> 00:12:38,800 Speaker 2: The company needs the competition of other countries in order 226 00:12:38,800 --> 00:12:43,160 Speaker 2: to be better than the other country. But if they're 227 00:12:43,200 --> 00:12:47,280 Speaker 2: going to have access to the American marketplace, the consumer marketplace, 228 00:12:47,440 --> 00:12:54,760 Speaker 2: the greatest marketplace in the world by far, America's dominance 229 00:12:55,000 --> 00:12:59,280 Speaker 2: in the world is more a function of our marketplace 230 00:12:59,679 --> 00:13:00,640 Speaker 2: than anything else. 231 00:13:01,960 --> 00:13:05,359 Speaker 1: It is our economic strength. It's incredible. 232 00:13:06,800 --> 00:13:12,440 Speaker 2: When you close that off to Mexico or Canada or China, 233 00:13:13,559 --> 00:13:15,960 Speaker 2: you absolutely knock them to the ground. 234 00:13:16,559 --> 00:13:18,760 Speaker 1: The economic impact would be overwhelming. 235 00:13:19,480 --> 00:13:24,240 Speaker 2: Now it's hard to do because the American consumer says, 236 00:13:24,960 --> 00:13:27,160 Speaker 2: oh yeah, but I like going to the dollar store 237 00:13:27,160 --> 00:13:29,800 Speaker 2: and paying a dollar for a hammer, even if the 238 00:13:29,800 --> 00:13:30,880 Speaker 2: hammer breaks in ten minutes. 239 00:13:30,920 --> 00:13:31,400 Speaker 1: They don't care. 240 00:13:31,400 --> 00:13:33,920 Speaker 2: They like the cheap, cheap, cheap, cheap, cheap, And that's Okay, 241 00:13:33,960 --> 00:13:34,880 Speaker 2: there's nothing wrong with that. 242 00:13:35,559 --> 00:13:37,480 Speaker 1: There are Americans who convinced themselves. 243 00:13:38,200 --> 00:13:40,160 Speaker 2: I'm not going to pay a dollar more for a 244 00:13:40,160 --> 00:13:42,320 Speaker 2: twelve dollars item so that it can be made in 245 00:13:42,360 --> 00:13:45,920 Speaker 2: America by an American family and create an American job 246 00:13:46,000 --> 00:13:47,480 Speaker 2: and support American manufacturer. 247 00:13:47,480 --> 00:13:48,199 Speaker 1: I'm not going to do it. 248 00:13:48,640 --> 00:13:51,840 Speaker 2: Ovill tell you made in America matters, but made in 249 00:13:51,840 --> 00:13:54,400 Speaker 2: America only matters to the extent that you're willing to 250 00:13:54,520 --> 00:13:58,240 Speaker 2: pay more to ensure that it's made in America, and 251 00:13:58,280 --> 00:14:02,040 Speaker 2: they're not. If your product was it's cheaper, same product 252 00:14:02,080 --> 00:14:04,640 Speaker 2: and it was cheaper, I'll buy made in America. Well, hello, 253 00:14:05,240 --> 00:14:07,480 Speaker 2: you don't get an award for that. You didn't make 254 00:14:07,520 --> 00:14:11,000 Speaker 2: a sacrifice. You did something you were already going to do, 255 00:14:11,440 --> 00:14:12,560 Speaker 2: and now you want a ribbon for it. 256 00:14:12,559 --> 00:14:13,319 Speaker 1: You don't get a ribbon. 257 00:14:13,800 --> 00:14:17,720 Speaker 2: The ribbon is for going to a hassle paying more 258 00:14:18,320 --> 00:14:21,320 Speaker 2: for something because you believe in this. I'm not mad 259 00:14:21,360 --> 00:14:23,440 Speaker 2: at you buy the cheap Chinese jump. I don't care, 260 00:14:24,200 --> 00:14:27,080 Speaker 2: but don't try to act like you're making a principal 261 00:14:27,120 --> 00:14:31,160 Speaker 2: decision here because you're not. So you get people that 262 00:14:31,240 --> 00:14:34,240 Speaker 2: want high American wages, which means it costs more for 263 00:14:34,360 --> 00:14:37,640 Speaker 2: our product than it does a product where they don't 264 00:14:37,960 --> 00:14:39,720 Speaker 2: a product coming from a country where they don't pay 265 00:14:39,760 --> 00:14:43,920 Speaker 2: those wages. You want lawsuits so that every worker can 266 00:14:43,960 --> 00:14:45,960 Speaker 2: sue their company and get rich off of it. And 267 00:14:46,000 --> 00:14:49,200 Speaker 2: we know that's happened. Well, that increases the cost. So 268 00:14:49,240 --> 00:14:51,920 Speaker 2: you want to load all these costs on American manufacturers 269 00:14:52,400 --> 00:14:55,120 Speaker 2: so that we can't compete with companies like China with 270 00:14:55,200 --> 00:14:58,240 Speaker 2: cheap labor, or now South Korea in a number of 271 00:14:58,240 --> 00:15:02,640 Speaker 2: other countries get their stuff together. They would have been able. 272 00:15:02,640 --> 00:15:05,080 Speaker 2: I mean, that was what the whole Maquiladoras were about. 273 00:15:05,160 --> 00:15:07,600 Speaker 2: But the problem is they can't build things there. They're 274 00:15:07,600 --> 00:15:09,960 Speaker 2: too corrupt. They don't have organizational systems, they don't have 275 00:15:10,000 --> 00:15:13,320 Speaker 2: management structures, they don't have supply chain, so they've never 276 00:15:13,400 --> 00:15:15,920 Speaker 2: really that should have been that should have been a 277 00:15:15,960 --> 00:15:18,960 Speaker 2: big boon, but it's been a bust in any case. 278 00:15:20,160 --> 00:15:22,640 Speaker 1: The problem with all of this is, so we are 279 00:15:22,720 --> 00:15:24,400 Speaker 1: consumers of the world's goods. 280 00:15:24,680 --> 00:15:27,320 Speaker 2: We make the rest of the world wealthy with our 281 00:15:27,480 --> 00:15:32,240 Speaker 2: consumption model, and they make things. There are countries where 282 00:15:32,280 --> 00:15:35,360 Speaker 2: you can't get their products that they make because they 283 00:15:35,400 --> 00:15:37,080 Speaker 2: send them here because they can sell them for more 284 00:15:37,600 --> 00:15:43,360 Speaker 2: transportation costs have reduced dramatically, I mean dramatically over the years. 285 00:15:43,920 --> 00:15:48,080 Speaker 2: These Chinese containers and beyond has meant that you can 286 00:15:48,360 --> 00:15:51,640 Speaker 2: spread the cost of shipping goods into the American economy 287 00:15:51,840 --> 00:15:55,520 Speaker 2: for a whole lot less. Now the question is if 288 00:15:55,560 --> 00:15:58,040 Speaker 2: we're going to buy their products and let them compete 289 00:15:58,120 --> 00:16:01,120 Speaker 2: with us, even though we've saddled our companies with much 290 00:16:01,120 --> 00:16:06,760 Speaker 2: bigger burdens. We're typically better in electronics and value added goods, 291 00:16:06,760 --> 00:16:09,520 Speaker 2: not in cheap manufactured goods, because that's just a pure 292 00:16:09,560 --> 00:16:12,680 Speaker 2: price perso. But what are they doing to our companies there? 293 00:16:13,120 --> 00:16:16,840 Speaker 2: They are closing off their market to our product. Trump's 294 00:16:16,880 --> 00:16:18,920 Speaker 2: just saying reciprocal terrorists. We're going to do the same 295 00:16:18,960 --> 00:16:19,320 Speaker 2: thing to do. 296 00:16:19,480 --> 00:16:22,160 Speaker 3: Four out of five feature surveyed said listening to the 297 00:16:22,160 --> 00:16:25,960 Speaker 3: Michael Barry Show podcast improved their love life. The fifth 298 00:16:25,960 --> 00:16:28,200 Speaker 3: person didn't deserve one anyway. 299 00:16:29,320 --> 00:16:32,560 Speaker 2: So if we send a product into Canada cost one 300 00:16:32,640 --> 00:16:37,120 Speaker 2: hundred dollars, we would have to pay two hundred dollars 301 00:16:37,160 --> 00:16:42,080 Speaker 2: separately for the one hundred dollars that that we get 302 00:16:42,120 --> 00:16:46,000 Speaker 2: paid for our product. So the person who imports our 303 00:16:46,080 --> 00:16:49,720 Speaker 2: product would have to pay us three hundred dollars for 304 00:16:49,880 --> 00:16:51,840 Speaker 2: something that we would only keep one hundred dollars up 305 00:16:52,800 --> 00:16:55,600 Speaker 2: because their government says, if you want to import a 306 00:16:55,600 --> 00:16:58,200 Speaker 2: product from the United States, and this is most of 307 00:16:58,200 --> 00:17:01,960 Speaker 2: our industrial, our agricultural, it's between two hundred and three 308 00:17:02,040 --> 00:17:06,360 Speaker 2: hundred percent in tariffs. So for us to send our 309 00:17:06,359 --> 00:17:09,919 Speaker 2: bushel to them for one hundred dollars, we have to 310 00:17:09,960 --> 00:17:13,280 Speaker 2: sell it to them for three hundred. So that protects 311 00:17:13,320 --> 00:17:16,480 Speaker 2: their companies. So their companies are not as efficient as 312 00:17:16,480 --> 00:17:18,879 Speaker 2: ours because they don't have to undercut our one hundred 313 00:17:18,880 --> 00:17:22,400 Speaker 2: dollars product for our price. They only have to undercut 314 00:17:22,400 --> 00:17:27,840 Speaker 2: our three hundred dollars price because the invisible hand has 315 00:17:27,920 --> 00:17:32,359 Speaker 2: been removed in the marketplace supply demand, consumer choice, and 316 00:17:32,520 --> 00:17:37,960 Speaker 2: instead there has been an artificial altering of the prices. 317 00:17:39,400 --> 00:17:42,159 Speaker 2: Our product can't get to the Chinese street on the 318 00:17:42,200 --> 00:17:45,080 Speaker 2: market for under three hundred dollars, even though we can 319 00:17:45,119 --> 00:17:47,520 Speaker 2: make it and transport it for one hundred dollars, because 320 00:17:47,560 --> 00:17:49,440 Speaker 2: the government steps in and says, no, we're the mafia. 321 00:17:49,480 --> 00:17:52,320 Speaker 2: We're going to keep our percentage. So why did we 322 00:17:52,440 --> 00:17:56,359 Speaker 2: let them do that? Why did we let them do 323 00:17:56,440 --> 00:18:05,840 Speaker 2: that to protect Canadian companies? Now that means they're consumers 324 00:18:06,640 --> 00:18:08,720 Speaker 2: pay more for goods because we could have put that 325 00:18:08,760 --> 00:18:12,560 Speaker 2: bushel on your streets for one hundred dollars, but now 326 00:18:12,640 --> 00:18:15,800 Speaker 2: it's three hundred dollars. And so the Canadian competition, which 327 00:18:15,840 --> 00:18:18,480 Speaker 2: is what they want you to do, is two hundred dollars, 328 00:18:19,080 --> 00:18:22,480 Speaker 2: which means a very fat profit margin for the companies. 329 00:18:23,080 --> 00:18:25,160 Speaker 2: And you pay more for the product because you're paying 330 00:18:25,200 --> 00:18:28,879 Speaker 2: the government or overpaying for a product that could be 331 00:18:28,880 --> 00:18:33,119 Speaker 2: a lower price. So the consumer gets shafted. But the 332 00:18:33,160 --> 00:18:38,880 Speaker 2: Canadian people don't mind because this Canadian people have been 333 00:18:38,960 --> 00:18:42,080 Speaker 2: taught that this is good. See, a lot of countries 334 00:18:42,160 --> 00:18:46,120 Speaker 2: believe that it's in your national interest to only have 335 00:18:46,240 --> 00:18:52,120 Speaker 2: companies based in your country to make your products, never 336 00:18:52,160 --> 00:18:56,280 Speaker 2: do business with foreign companies. Okay, well, that's going to 337 00:18:56,359 --> 00:18:59,960 Speaker 2: mean that you're not going to get the best Belgian 338 00:19:00,119 --> 00:19:05,760 Speaker 2: honie or French cheese, or California wine, or the best 339 00:19:05,800 --> 00:19:07,480 Speaker 2: eggs that could be made in the world, are the 340 00:19:07,480 --> 00:19:10,880 Speaker 2: best roses or anything else. Means you're going to be limited. 341 00:19:12,040 --> 00:19:15,200 Speaker 2: And if you go to socialist countries, you'll see that 342 00:19:15,240 --> 00:19:22,359 Speaker 2: the shelves are beare It's depressing. It's truly depressing, doesn't 343 00:19:22,400 --> 00:19:24,680 Speaker 2: matter how much money you have, and how cheap things are. 344 00:19:25,200 --> 00:19:26,919 Speaker 2: When you go to a third world country, you go 345 00:19:26,960 --> 00:19:30,159 Speaker 2: to the shelves and there's nothing on them, nothing to 346 00:19:30,240 --> 00:19:34,680 Speaker 2: buy because they've not spurred ingenuity and output in production. 347 00:19:36,240 --> 00:19:38,760 Speaker 2: So what President Trump is simply saying is reciprocal terrafs. 348 00:19:39,400 --> 00:19:41,280 Speaker 2: Y'all put them on us, We're gonna put them on you. 349 00:19:41,920 --> 00:19:44,439 Speaker 2: And so what these companies, what these countries do is 350 00:19:44,480 --> 00:19:47,520 Speaker 2: they hire lobbyists. We can't do this inside there. You 351 00:19:47,600 --> 00:19:50,760 Speaker 2: can't go and lobby the Chinese government as an American. 352 00:19:51,240 --> 00:19:53,720 Speaker 2: But the Chinese government can hire spies, and they have 353 00:19:54,000 --> 00:19:56,920 Speaker 2: a lot of them. Remember Diane Feinstein's driver for ten years. 354 00:19:57,520 --> 00:20:02,120 Speaker 2: Remember Fangbang that was sleep been with Eric Swallwell when 355 00:20:02,160 --> 00:20:05,240 Speaker 2: he was on an important committee. We've got Chinese bis 356 00:20:05,240 --> 00:20:08,119 Speaker 2: of plenty. They're buying off Hunter Biden, Joe Biden, kicking 357 00:20:08,119 --> 00:20:10,360 Speaker 2: some up to the big man. And what they're doing 358 00:20:10,400 --> 00:20:13,520 Speaker 2: is crafting campaigns to the American people who say, hey, 359 00:20:13,960 --> 00:20:26,719 Speaker 2: protecting American industry from Chinese, from Chinese government companies is 360 00:20:26,760 --> 00:20:30,639 Speaker 2: not good for you. You don't want that. You want Chinese goods, 361 00:20:30,680 --> 00:20:34,639 Speaker 2: not American goods. You want Chinese jobs, non American jobs. 362 00:20:35,359 --> 00:20:37,600 Speaker 2: You want to just be a consumer of cheap stuff. 363 00:20:38,440 --> 00:20:41,560 Speaker 2: You don't want to protect the jobs in your country, right, 364 00:20:41,640 --> 00:20:44,720 Speaker 2: you don't want to protect industry and investment. You want 365 00:20:44,720 --> 00:20:46,760 Speaker 2: all that to move to China. And by the way, 366 00:20:46,800 --> 00:20:50,000 Speaker 2: your industry manufacturing, oh it's very filthy, it'll. 367 00:20:49,800 --> 00:20:50,359 Speaker 1: Ruin the air. 368 00:20:51,240 --> 00:20:52,800 Speaker 2: So you want to sign on to this and shut 369 00:20:52,840 --> 00:20:55,760 Speaker 2: down all your manufacturing. Very clever move by the Chinese, 370 00:20:55,960 --> 00:21:00,000 Speaker 2: very clever. You got to give them credit. The Chinese, 371 00:21:00,160 --> 00:21:03,440 Speaker 2: as part of a grand plan, have invested a lot 372 00:21:03,480 --> 00:21:09,240 Speaker 2: of money on these international organizations who all these United Nations, 373 00:21:09,920 --> 00:21:14,439 Speaker 2: all of them designed to reduce the carbon footprint. Yes, 374 00:21:14,640 --> 00:21:19,199 Speaker 2: American and European industrializations should come to a halt, and 375 00:21:19,240 --> 00:21:22,399 Speaker 2: they have largely succeeded in their goals, probably far beyond 376 00:21:22,400 --> 00:21:26,080 Speaker 2: what they ever expected. We can't have American plants because 377 00:21:26,080 --> 00:21:27,840 Speaker 2: they pollute and it's terrible. 378 00:21:27,520 --> 00:21:30,280 Speaker 1: And the world will come to an end. So we did. 379 00:21:30,320 --> 00:21:33,359 Speaker 2: We close them down. Germany closed them down, England closed 380 00:21:33,400 --> 00:21:40,560 Speaker 2: them down, France closed them down. All the while China 381 00:21:40,680 --> 00:21:44,280 Speaker 2: is continuing to invest in their plants. Coal powered the 382 00:21:44,320 --> 00:21:50,120 Speaker 2: filthy of them all, filthy forms of energy production and emission. 383 00:21:51,359 --> 00:21:55,879 Speaker 2: The top twenty five production facilities in the world. I 384 00:21:55,880 --> 00:21:59,359 Speaker 2: think twenty four of them are India and China. And 385 00:21:59,440 --> 00:22:01,959 Speaker 2: India's joined did on that green energy thing too. Oh 386 00:22:02,040 --> 00:22:05,120 Speaker 2: it's all green. But China is driving this this wagon. 387 00:22:05,920 --> 00:22:06,359 Speaker 1: We got it. 388 00:22:06,359 --> 00:22:07,960 Speaker 2: We got to stop when we've got to have international 389 00:22:07,960 --> 00:22:11,119 Speaker 2: accords and we got to have democrats in America hassling 390 00:22:11,160 --> 00:22:15,000 Speaker 2: industry to shut the industry down. Remember Hillary Clinton said, 391 00:22:15,480 --> 00:22:17,880 Speaker 2: if you are a coal miner, you're gonna lose your job. 392 00:22:18,119 --> 00:22:20,720 Speaker 2: Remember that you're gonna have learned the code, find another 393 00:22:20,760 --> 00:22:22,880 Speaker 2: job because it's filthy. But this is where I've lived 394 00:22:22,880 --> 00:22:24,760 Speaker 2: for five generations. This is my family, this is what 395 00:22:24,800 --> 00:22:28,280 Speaker 2: I'm good at. This doesn't matter. It's filthy and nasty. 396 00:22:28,320 --> 00:22:29,840 Speaker 2: And the Chinese told us to do this, and that's 397 00:22:29,840 --> 00:22:32,080 Speaker 2: what we're doing. They pay my bills, not you. And 398 00:22:32,119 --> 00:22:34,399 Speaker 2: that's where we are. That's where we are in this 399 00:22:34,440 --> 00:22:37,159 Speaker 2: whole process, and it's worked. I mean, you got to 400 00:22:37,160 --> 00:22:40,320 Speaker 2: give them credit. You can hate them, you should, but 401 00:22:40,400 --> 00:22:43,000 Speaker 2: you got to give them credit. They're good. They are 402 00:22:43,119 --> 00:22:47,800 Speaker 2: manipulating the United States into shutting down our economy. A 403 00:22:47,880 --> 00:22:52,119 Speaker 2: saw a documentary on Germany recently called the d Industrialization 404 00:22:52,200 --> 00:22:58,160 Speaker 2: of Germany and German economic laws which make California look 405 00:22:58,200 --> 00:23:03,080 Speaker 2: reasonable have call caused so many of their companies to 406 00:23:03,160 --> 00:23:05,200 Speaker 2: go out of business. And I mean they're big boys, 407 00:23:05,720 --> 00:23:11,320 Speaker 2: they're big industrial companies, they were internationally prominent firms. Have 408 00:23:11,400 --> 00:23:15,600 Speaker 2: shut entire divisions of their companies because they can't get 409 00:23:15,760 --> 00:23:20,160 Speaker 2: energy to power their products. And if they can't get 410 00:23:20,280 --> 00:23:24,200 Speaker 2: energy to manufacture, they can't compete because everything is price. 411 00:23:24,640 --> 00:23:26,800 Speaker 2: You can have a better quality, but you have to 412 00:23:26,840 --> 00:23:28,679 Speaker 2: be competitive on price. You don't have to be the 413 00:23:28,680 --> 00:23:31,440 Speaker 2: lowest in certain fields, but you have to be competitive. 414 00:23:31,440 --> 00:23:34,600 Speaker 2: They couldn't be competitive anymore because the cost of the 415 00:23:34,800 --> 00:23:38,600 Speaker 2: energy input as part of the manufacturing process was so 416 00:23:38,800 --> 00:23:41,560 Speaker 2: out of whack as a percentage of what that finished 417 00:23:41,560 --> 00:23:45,520 Speaker 2: product should be that it didn't make sense anymore. And 418 00:23:45,600 --> 00:23:48,960 Speaker 2: so if I'm sending out an RFP, hey I need 419 00:23:48,960 --> 00:23:52,840 Speaker 2: these industrial products. I need calibration machines for my chemical plant, 420 00:23:53,320 --> 00:23:56,960 Speaker 2: and this is a machine I need, and you come 421 00:23:57,040 --> 00:24:00,760 Speaker 2: back at twice the cost of a product that's made 422 00:24:01,119 --> 00:24:04,719 Speaker 2: somewhere else Japan, South Korea, United States. 423 00:24:05,920 --> 00:24:08,280 Speaker 1: I'm simply not going to choose you. 424 00:24:08,880 --> 00:24:10,720 Speaker 2: And if you don't win enough of these bids that 425 00:24:10,760 --> 00:24:13,399 Speaker 2: you used to win, you start shutting down plants and 426 00:24:13,440 --> 00:24:16,800 Speaker 2: laying off people. When you start doing that, you lose 427 00:24:16,840 --> 00:24:19,200 Speaker 2: the research and development that that company was already doing, 428 00:24:19,560 --> 00:24:23,520 Speaker 2: so you fall further and further and further behind. Plus 429 00:24:23,560 --> 00:24:26,480 Speaker 2: you put a bunch of new people on your unemployment roles. 430 00:24:27,840 --> 00:24:31,760 Speaker 2: And this is the deed. This is cyclical decline that 431 00:24:32,000 --> 00:24:37,760 Speaker 2: is accelerated because decline feeds decline because guess what, that 432 00:24:37,880 --> 00:24:41,199 Speaker 2: chemical plant or that manufacturing plant that was also the 433 00:24:41,320 --> 00:24:44,879 Speaker 2: largest purchaser of catering in the community, so the restaurant closes. 434 00:24:45,000 --> 00:24:48,040 Speaker 2: It was also the largest purchaser of health insurance premiums 435 00:24:48,080 --> 00:24:50,119 Speaker 2: in the area. So now you don't have enough leverage 436 00:24:50,160 --> 00:24:53,240 Speaker 2: to spread out your health insurance, and decline leads to decline. 437 00:24:53,760 --> 00:24:58,320 Speaker 3: Listen to the Michael Berries Show podcast if you dare so. 438 00:24:58,440 --> 00:25:02,800 Speaker 2: I understand pre trade, and I'm a pre trade yeah, but. 439 00:25:02,760 --> 00:25:05,320 Speaker 1: I want you to understand we do not have free trade. 440 00:25:06,640 --> 00:25:11,760 Speaker 2: We buy products from other countries, We allow the importation 441 00:25:11,840 --> 00:25:15,480 Speaker 2: of them. They get to use our roads, which you, 442 00:25:15,600 --> 00:25:20,360 Speaker 2: the taxpayer, pay for at no cost to them. They 443 00:25:20,359 --> 00:25:23,920 Speaker 2: get access to our legal system that they didn't build. 444 00:25:25,160 --> 00:25:27,640 Speaker 2: They get access to all the things it takes. Once 445 00:25:27,680 --> 00:25:29,600 Speaker 2: they manufacture a product and bring it here on a 446 00:25:29,640 --> 00:25:32,760 Speaker 2: container and drop it at the port. Hell, you pay 447 00:25:32,800 --> 00:25:36,760 Speaker 2: for the port, You pay for the health insurance, you 448 00:25:36,840 --> 00:25:38,600 Speaker 2: paid for the schooling of all the port workers. 449 00:25:39,520 --> 00:25:40,160 Speaker 1: You built the. 450 00:25:40,080 --> 00:25:42,840 Speaker 2: Infrastructure that they walk into and sell their goods, all right, 451 00:25:43,200 --> 00:25:46,760 Speaker 2: You and American companies did that right, And they did 452 00:25:46,760 --> 00:25:48,520 Speaker 2: that in their country, so it's fine. It would all 453 00:25:48,520 --> 00:25:51,879 Speaker 2: be the same except we say, sure, send your product 454 00:25:51,880 --> 00:25:53,760 Speaker 2: into the market. If the American consumer wants it, then 455 00:25:53,800 --> 00:25:54,359 Speaker 2: you'll make money. 456 00:25:54,400 --> 00:25:57,399 Speaker 1: Good for you. And then we send our product. 457 00:25:57,119 --> 00:26:00,800 Speaker 2: To them, and they got They come out like the 458 00:26:00,840 --> 00:26:03,600 Speaker 2: officer in the movie that busts out your your tail light. 459 00:26:03,680 --> 00:26:05,800 Speaker 2: Oh it's gonna be a ticket for that, bust out 460 00:26:05,800 --> 00:26:08,800 Speaker 2: your front le, ticket for that. Oh you got this 461 00:26:08,880 --> 00:26:11,280 Speaker 2: is it's up all of a sudden, you got all 462 00:26:11,280 --> 00:26:14,720 Speaker 2: these fines to pay just to come through town. Why 463 00:26:15,440 --> 00:26:18,320 Speaker 2: wouldn't you want Trump to write that wrong? Why wouldn't 464 00:26:18,359 --> 00:26:22,560 Speaker 2: you or better question, how did it get to be 465 00:26:22,560 --> 00:26:25,800 Speaker 2: the play? The case that when Canada and all these 466 00:26:25,840 --> 00:26:30,679 Speaker 2: countries slapped these massive tariffs on our goods, our president 467 00:26:30,720 --> 00:26:31,480 Speaker 2: didn't say, well. 468 00:26:31,320 --> 00:26:34,720 Speaker 1: Ho, hey, ho, huh, what are you doing? 469 00:26:37,440 --> 00:26:41,359 Speaker 2: We sat idly by, but not because we didn't notice. 470 00:26:41,400 --> 00:26:47,320 Speaker 1: We know they received complaints from American manufacturers because. 471 00:26:47,119 --> 00:26:51,159 Speaker 2: America's government is for sale, because they would have one 472 00:26:51,280 --> 00:26:57,080 Speaker 2: hundred certain had lobbyists in DC. They probably paid Joe 473 00:26:57,119 --> 00:27:01,120 Speaker 2: Biden directly. By not directly, and that's for effect. They 474 00:27:01,119 --> 00:27:04,000 Speaker 2: probably paid Hunter directly, and Hunter's got to kick them 475 00:27:04,040 --> 00:27:07,040 Speaker 2: up to the big guy. This is how we end 476 00:27:07,119 --> 00:27:09,960 Speaker 2: up in situations like this. This is how so many 477 00:27:10,000 --> 00:27:13,679 Speaker 2: of you are resigned to the notion that American manufacturing 478 00:27:13,720 --> 00:27:16,119 Speaker 2: is dead. Well, can you find that bit Barack Obama 479 00:27:16,160 --> 00:27:19,240 Speaker 2: talking about how is Donald Trump going to wave a 480 00:27:19,280 --> 00:27:23,080 Speaker 2: magic wand and get American manufacturing back? It has magic 481 00:27:23,119 --> 00:27:26,040 Speaker 2: wand in it. Was he just gonna wigh This was 482 00:27:26,040 --> 00:27:27,840 Speaker 2: in twenty six years. He's gonna wave a wand and 483 00:27:27,880 --> 00:27:31,960 Speaker 2: bring back American manufacturing. He's actually doing it because guess 484 00:27:32,000 --> 00:27:36,000 Speaker 2: what if you're Kia Motors or a Hundai and you 485 00:27:36,160 --> 00:27:40,879 Speaker 2: make products in South Korea the cheaper labor, and you 486 00:27:41,000 --> 00:27:44,199 Speaker 2: bring it and no lawsuits and all the costs that 487 00:27:44,240 --> 00:27:47,240 Speaker 2: we impose on our companies to manufacture goods here, if 488 00:27:47,240 --> 00:27:48,760 Speaker 2: you want to bring that into the United States, We're 489 00:27:48,760 --> 00:27:51,639 Speaker 2: going to slap such a hefty terif on it that 490 00:27:51,720 --> 00:27:55,560 Speaker 2: it's more efficient for you to set up to build 491 00:27:55,560 --> 00:27:59,800 Speaker 2: to invest in a plant here, to build a plant 492 00:28:00,040 --> 00:28:02,840 Speaker 2: in the United States and make it here. And by 493 00:28:02,880 --> 00:28:05,440 Speaker 2: the way, I'm good with this. There are some people 494 00:28:05,440 --> 00:28:07,479 Speaker 2: who don't want that. Some people are pure protectionists. They 495 00:28:07,480 --> 00:28:09,119 Speaker 2: don't want they don't want to any foreigners here. They 496 00:28:09,160 --> 00:28:12,960 Speaker 2: know foreign business making Farman, you want them here. You 497 00:28:13,000 --> 00:28:15,840 Speaker 2: want them investing in our land. You want them hiring 498 00:28:15,880 --> 00:28:19,520 Speaker 2: our neighbors, you want them eating in our local restaurants. 499 00:28:19,840 --> 00:28:23,800 Speaker 2: You want to spur and encourage trade, and you want 500 00:28:23,800 --> 00:28:27,119 Speaker 2: international trade within the United States. You do want that 501 00:28:28,000 --> 00:28:29,280 Speaker 2: absolutely positively. 502 00:28:30,359 --> 00:28:33,640 Speaker 4: Here was what he said, because some of those jobs 503 00:28:33,880 --> 00:28:35,880 Speaker 4: of the past are just not going to come back. 504 00:28:36,320 --> 00:28:40,800 Speaker 4: And when somebody says, like the person you just mentioned 505 00:28:40,840 --> 00:28:43,640 Speaker 4: who I'm not going to advertise for that he's going 506 00:28:43,720 --> 00:28:45,959 Speaker 4: to bring all these jobs back, Well, how exactly are 507 00:28:45,960 --> 00:28:47,160 Speaker 4: you going to do that? What are you going to do? 508 00:28:47,600 --> 00:28:50,680 Speaker 4: There's there's no answer to it. He just says, well, well, 509 00:28:50,840 --> 00:28:52,800 Speaker 4: I'm gonna I'm going to negotiate a better deal. Well, 510 00:28:52,840 --> 00:28:56,600 Speaker 4: how how exactly are you going to negotiate that? What 511 00:28:56,760 --> 00:29:00,960 Speaker 4: magic wand do you have? And usually the answer you 512 00:29:01,040 --> 00:29:02,320 Speaker 4: doesn't have an answer. 513 00:29:04,120 --> 00:29:09,800 Speaker 2: Well, you know how many billion dollars have already been 514 00:29:09,840 --> 00:29:14,440 Speaker 2: committed to groundbreaking of companies, foreign companies on American soil. 515 00:29:15,440 --> 00:29:18,920 Speaker 2: You want access to our marketplace, make your product here, 516 00:29:20,400 --> 00:29:24,080 Speaker 2: simple as that. That's what's what your company requires of us, 517 00:29:24,280 --> 00:29:26,640 Speaker 2: Except in most cases they don't allow us to manufacture 518 00:29:26,640 --> 00:29:31,080 Speaker 2: in their country. They don't want us there. There are 519 00:29:31,120 --> 00:29:34,880 Speaker 2: other knockoff effects. And people in the media and politics 520 00:29:35,360 --> 00:29:40,120 Speaker 2: haven't studied economics. Well, people don't understand. A typical government 521 00:29:40,520 --> 00:29:43,520 Speaker 2: idea is, you know what, we need more money from 522 00:29:43,560 --> 00:29:48,040 Speaker 2: the government. Sorry for the government. So we'll just say 523 00:29:48,080 --> 00:29:50,240 Speaker 2: to these big companies. They got all the money, but 524 00:29:50,360 --> 00:29:54,160 Speaker 2: we'll just say to them, for every employee you have, 525 00:29:55,840 --> 00:29:59,080 Speaker 2: you must now add a dollar per hour and attack that. 526 00:29:59,120 --> 00:30:01,280 Speaker 2: We're going to tax you for every hour you pay 527 00:30:01,280 --> 00:30:03,880 Speaker 2: that person. Whatever you pay them forty bucks an hour, 528 00:30:04,200 --> 00:30:06,760 Speaker 2: we're going to add a dollar per hour tax on that, 529 00:30:06,760 --> 00:30:07,960 Speaker 2: and you're going to pay USA because we need to 530 00:30:08,000 --> 00:30:10,640 Speaker 2: raise a bunch more money. And in the government's mind, 531 00:30:10,680 --> 00:30:13,000 Speaker 2: they go, all right, this is how many man hours 532 00:30:13,040 --> 00:30:16,720 Speaker 2: are being paid in America today. We'll multiply that by one, 533 00:30:17,280 --> 00:30:19,560 Speaker 2: and that'll be how many dollars we will make per 534 00:30:19,640 --> 00:30:22,560 Speaker 2: year on the imposition of that tax and go, okay, 535 00:30:22,600 --> 00:30:25,160 Speaker 2: all right, yeah, it's going to work. But here's what 536 00:30:25,200 --> 00:30:31,000 Speaker 2: people don't understand. People avoid taxes, they avoid increases, they 537 00:30:31,040 --> 00:30:36,400 Speaker 2: avoid Once you make your move, that person is never 538 00:30:36,480 --> 00:30:40,080 Speaker 2: going to move the way you intended for them to move. 539 00:30:41,360 --> 00:30:42,840 Speaker 2: You go to tackle them and they're going to move 540 00:30:42,880 --> 00:30:47,280 Speaker 2: to the side. And that's where government gets it wrong. 541 00:30:47,800 --> 00:30:51,720 Speaker 2: So when you get these people who say, well, the 542 00:30:51,800 --> 00:30:54,840 Speaker 2: tariff is going to have this effect, what you don't 543 00:30:54,880 --> 00:30:58,160 Speaker 2: realize is how how the other side is going to 544 00:30:58,240 --> 00:31:03,160 Speaker 2: make moves to avoid tariff, and those moves, not every 545 00:31:03,160 --> 00:31:04,880 Speaker 2: one of them, but some of them are going to 546 00:31:04,920 --> 00:31:09,560 Speaker 2: be to our advantage. So here was President Trump talking 547 00:31:09,600 --> 00:31:14,920 Speaker 2: about the secondary tariffs he's imposing on countries buying Venezuelan oil. 548 00:31:16,520 --> 00:31:19,360 Speaker 2: And for those countries, you want to buy Venezuela's oil, 549 00:31:19,920 --> 00:31:22,920 Speaker 2: our sworn enemy. You want to buy their oil, fine, 550 00:31:23,440 --> 00:31:26,080 Speaker 2: we're gonna put tariffs on. You be better off buying 551 00:31:26,120 --> 00:31:26,560 Speaker 2: our oil. 552 00:31:26,800 --> 00:31:31,720 Speaker 5: We put secondary tariffs on, as you know, in Venezuela, 553 00:31:32,000 --> 00:31:34,600 Speaker 5: and it's had a very strong impact on Venezuela. 554 00:31:34,680 --> 00:31:36,440 Speaker 1: You know that every ship just got out and that 555 00:31:36,520 --> 00:31:38,160 Speaker 1: they left a lot. 556 00:31:38,040 --> 00:31:40,640 Speaker 5: Of them loves the drum those is right into the ocean, 557 00:31:40,840 --> 00:31:42,920 Speaker 5: and they left. They didn't want to be there for 558 00:31:42,960 --> 00:31:46,280 Speaker 5: a minute because they didn't want those tariffs to catchy. 559 00:31:46,560 --> 00:31:48,160 Speaker 1: But they didn't want me to see them there. 560 00:31:48,280 --> 00:31:53,960 Speaker 5: So the Venezuela secondary tariffs, all secondary tariffs are very 561 00:31:54,000 --> 00:31:58,000 Speaker 5: strong because essentially it says, if you disobey our orders, 562 00:31:58,000 --> 00:32:00,480 Speaker 5: you cannot do business in the United States. 563 00:32:02,160 --> 00:32:03,200 Speaker 1: That's the cash. 564 00:32:02,920 --> 00:32:06,120 Speaker 2: Can watch Chinese companies buying Russian. 565 00:32:05,760 --> 00:32:07,640 Speaker 1: Oil as well if you plan to go ahead. 566 00:32:08,040 --> 00:32:10,680 Speaker 5: So if in the case of Venezuela, as you know, 567 00:32:10,840 --> 00:32:14,400 Speaker 5: China pulled up bankor and left, they were there, they 568 00:32:14,400 --> 00:32:16,080 Speaker 5: had two ships there and they left. 569 00:32:16,800 --> 00:32:18,880 Speaker 1: They left empty. They didn't want to take a chance. 570 00:32:18,960 --> 00:32:20,200 Speaker 1: Now we're not playing games. 571 00:32:22,960 --> 00:32:27,760 Speaker 2: The rest of the world has raped pillage, taken advantage 572 00:32:27,760 --> 00:32:33,360 Speaker 2: of taking charitable money from us for a long time, 573 00:32:34,000 --> 00:32:36,800 Speaker 2: and the American taxpayer has been screwed for a long time. 574 00:32:37,880 --> 00:32:39,440 Speaker 1: And Trump is finally standing up for that. 575 00:32:39,560 --> 00:32:41,480 Speaker 2: Is he perfect? No will this will this thing be 576 00:32:41,560 --> 00:32:43,440 Speaker 2: pain free? No, there's gonna be some short term pain. 577 00:32:43,880 --> 00:32:46,000 Speaker 2: Go ahead and understand that if you want to run 578 00:32:46,000 --> 00:32:48,040 Speaker 2: a marathon, your stomach is going to hurt in the meantime, 579 00:32:48,040 --> 00:32:50,360 Speaker 2: getting ready. If you want to get jacked, you're gonna 580 00:32:50,360 --> 00:32:52,120 Speaker 2: have some burn and your muscles getting there. 581 00:32:52,200 --> 00:32:55,040 Speaker 1: It's not easy. But I'm gonna tell you something. 582 00:32:55,120 --> 00:32:57,520 Speaker 2: If tariffs were such a horrible thing for the country 583 00:32:57,560 --> 00:33:01,320 Speaker 2: imposing them on the outside company country, why are all 584 00:33:01,360 --> 00:33:03,000 Speaker 2: the other countries imposing them on us.