April 4, 2025 • 28 mins
Stock market takes another big hit after Trump's Tariff announcement. We are entering "bear" market territory. Is this transitory, or a sign of bad times ahead?
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Episode Transcript
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Speaker 1 (00:00):
We're doing as much as we can to.
Speaker 2 (00:03):
Educate you on stuff that's happening out there, and let
you know some of the other things that are happening
in and around the United States maybe even the world.
You uh, you see the stock market. You're gonna have
to do that thing at five o'clock today.
Speaker 3 (00:16):
Yeah, should I play some sad music for that?
Speaker 1 (00:18):
It's it's it's worse, isn't it. It got worse today?
Speaker 3 (00:21):
Huh it got worse.
Speaker 1 (00:23):
Yeah, I mean, I don't.
Speaker 2 (00:24):
Think we should do this before the market is closed,
because you know, we don't want to get bad information.
But what do we do about this? Yeah, it's like, well,
panicking seems like the bad move. I just yeah, I'll
be honest. I I'm gonna do nothing because that's what
I always do when it comes to this stuff. You know,
(00:45):
this is a long term game. We just I think
that a lot of people the longer this goes, the
more uneasy some people are getting. You know, I don't
know if there's I don't know if there's like a
lining to this for people who are just not in
the know. I think it's a reasonable reaction to be like,
I don't know what to do right now, you know, so.
Speaker 3 (01:08):
Yeah, I know it, Jimmy. It's kind of the way
people felt before they had pockets. Where do I put
my hands? You know, it's uncomfortable. My analogies are just
not good today. I think that's what I mean.
Speaker 2 (01:21):
Yeah, oh great that I'm gonna have to gonna have
to hit the drawing board on that one again, I think.
But if we're looking at it from just the lay person,
I think, if everybody is telling me that I need
to run around in a circle and scream, like that
SpongeBob episode when the I think it was when the
(01:42):
clam the oyster gets a peanut thrown at her and
she starts to cry nobody. If you haven't seen SpongeBob,
you're not gonna know this. But the response is like,
while this people are trying to figure out what this
loud noise is, the announcer over the PA is just
like everyone screaming run around in circles. And then everybody
started screaming and running around in circle. I don't think
that's what we should be doing here. But I think
(02:02):
when people are seeing all the panic out there, I
think that's a reaction, at least a reasonable reaction to
this that hey, I'm a bit uneasy. I don't know
what to do here. My advice would be just let's
relax for a few days. Not to say that I
know what's going to happen next, because I've been on
the record as saying We're going to have to let
(02:23):
this simmer for a bit, because I'm not sure that
I'm number one, I'm not sure that these tariffs are
going to last all that long as written. Donald Trump
said specifically himself, as it's Scott Bessen, who's the Treasury Secretary,
that in the Commerce Secretary, all the people that are
making these calls and know what the what's on the
(02:43):
line here. They're saying, if other countries were to reel
back their tariffs into a more manageable situation, we would
respond in turn the same way, we would lower the
reciprocal tariffs that we're putting on That that all seems
to be I think reasonable at this stage and not
an impossible thing that we would have to worry about.
(03:04):
I think that's a very possible thing that could be
going on in that regard. However, if those countries decide
not to do that, these big tariffs stay there. We
have to give it time to understand the impact it's
going to have on building back up the American economy,
because this is supposed to drive companies to want to
build here, to exploit expand in the United States, hire
(03:29):
American workers, invest in the American economy, and if this
does stick six months from now, a year from now,
a couple of years from now, you will start seeing
not only the American worker doing better, American business doing better,
and in turn, the entire American economy being more self
sufficient than relying on all this trade, especially when the
(03:49):
trade is being you know, perpetuated to the tune of
in some cases upwards of one hundred, two hundred and
three hundred percent tariffs on certain items that are being
in imported by other countries from the United States.
Speaker 1 (04:02):
Does that make sense?
Speaker 3 (04:04):
Yeah?
Speaker 1 (04:05):
Are you sure? Well?
Speaker 3 (04:07):
It got a little complicated for my ilk.
Speaker 2 (04:10):
It is complicated. That's the problem. That's the stupid thing
about all this is it is complicated.
Speaker 3 (04:17):
Can you simplify it? Just pretend like I didn't know
what you were saying, Just for somebody who did not
know what you were saying like I did. But I'm
just thinking of you know, I'm thinking of the people
who didn't. Can you make it easier to understand for
those guys?
Speaker 1 (04:31):
All right, so what do you buy from Canada?
Speaker 3 (04:34):
I like their maple syrup.
Speaker 1 (04:36):
Let's let's do Canadian whiskey. How's that like? Crown Royal?
Speaker 2 (04:39):
You like Crown Royal, I've had it before. Yeah, Yeah,
that's good stuff, right, Crown Royal. Crown Royal gets sold
in the United States? Is that correct?
Speaker 3 (04:47):
Yeah? I think that is still a thing that's happening.
Speaker 2 (04:51):
What we what do we give to Canada? Like, what's
something that Canada would buy from us?
Speaker 3 (04:55):
Well, they might lie a good budweiser.
Speaker 1 (04:58):
Yeah, but let's bourbon. Let's do let's do bourbon.
Speaker 3 (05:01):
How about Jack Daniels.
Speaker 1 (05:03):
Yeah, Jack Daniels.
Speaker 2 (05:04):
So Crown Royal exports to the United States, and let's
we're not going to do all the convoluted it gets
distilled somewhere else, or it gets bottled somewhere else in
all the different rigamarole. For this example, we're gonna try
to simplify it as much as possible. Crown Royal, Canadian whiskey,
Kentucky bourbon. Jack Daniels is Jack Daniels bourbon. I mean
Jim Beams bourbon.
Speaker 3 (05:24):
Technically to be bourbon. Yeah, so I think with that stipulation.
Speaker 1 (05:30):
Jack Jack Daniels is not no. No, Jack Daniels is no,
it's not Yes, it is from Tennessee.
Speaker 3 (05:35):
Wait where does it have to It's.
Speaker 1 (05:37):
Got to be from Kentucky.
Speaker 3 (05:38):
Let me do some googling.
Speaker 1 (05:39):
No, I'm right, you're wrong here.
Speaker 3 (05:42):
I never I didn't make a definitive statement.
Speaker 2 (05:44):
You're right, we jumped to Jack Daniels. That's just bourbon.
Let's just say bourbon. We know that has to be
American bourbon. We send bourbon to Canada, and let's say
Canada says I'm going to take one hundred percent tariff
on that. So what what what the bourbon company has
to do? Jim Beam has to Okay, I want to
sell in Canada, so people in Canada buy my product.
(06:06):
I'm being tariffed by Canada one hundred percent of the value.
So if my bottle is worth fifty dollars for every
bottle that I send, I have to also pay fifty
dollars to the Canadian government in tariff. Right, So now
it's basically one hundred dollars like the bottle itself and
the tariff are costing me roughly one hundred dollars, and
(06:29):
so I have to charge if I want to make
a profit, I have to charge more money to make
that up to the consumer. So the consumer has to
pay for its gym beam. The consumer is going to
have to pay, say one hundred dollars for a bottle
in this example, just for my profit margin to make
any sense. On the other end, what Canada has been
able to do is Crown Royal is sending Crown to
(06:52):
the United States, but our government is either not tariffing
them at all or tariffing them like five percent. So
Crown's fifty dollars bottle, they're only paying the American government
fifty or five dollars, So that means fifty five dollars
total has been spent for it to sell and have
the ability And how much money do you think Crown
Royal is going to be able to charge in the
United States. Well, they can get by selling a bottle
(07:14):
for say sixty or seventy dollars in that scenario. I
know this stuff's a lot cheaper than that, but bear
with me for the example, They're able to compete at
a much lower price, making people like me who don't
want to spend that much money. I'm not going to
spend a lot more money on something else. Oh, this
Canadian whiskey is very cheap. Well why is it cheap? Well,
it's because the American government doesn't tariff this stuff. It
(07:37):
puts the American company at a disadvantage, who was trying
to sell in other markets while you're enjoying your Canadian whiskey.
And not only is it putting it the American company
at a disadvantage, but our government isn't capitalizing on that import.
And also I am helping support a Canadian business, not
an American one. So not only does the United States
(07:58):
government somehow get jipped because they're not getting enough money
while the Canadian government is getting a ton of money
on that import, but at the same time, I am
supporting directly a Canadian company instead of supporting an American
company in the same sector, because the prices are much
more competitive, because the tariffs are not making me want
(08:19):
to buy American. The fact that there aren't that many
tariffs on imports means that the stuff that's coming from
Canada and the stuff that's coming from Mexico is competitive
and pricing with the American stuff, which means the American
guy is going to be left in the dust a
lot of the time because people are going to want
the stuff that's being imported, and because the American government
(08:39):
doesn't collect some tariffs on that stuff, makes it a
lot more difficult for the American company to stand out
because the Canadian company would have to make their product
more expensive to make up for that tariff, so their
price should go up. That would make it more attractive
to buy the American product, thus stimulating the American economy
in the same breath.
Speaker 1 (08:59):
Does that make sense?
Speaker 3 (09:00):
I hope so.
Speaker 1 (09:01):
Uh yeah.
Speaker 2 (09:02):
There's just no easy way to There's no easy way
to describe this. I it makes sense in my head,
but to explain it is just impossible. But hopefully those
out there who were listening to that didn't laugh their
heads off while I tried to make that explanation. Either way,
we do appreciate you sticking with us on this Friday,
More Fun on the Way on news Radio eleven ten
Kfab and Rare You Songer. If you've ever bought liquor
(09:24):
in Mexico, you know what I'm talking about. My husband
and I like cahula and cahula in Mexico, and it's
at least half, if not three quarters, less expensive than
the cahula in the US, just like buying rom and
the Caribbean super cheap.
Speaker 1 (09:36):
Love the show. See I was on a something. She
got it. You may not have gotten it, but she
got it. Yeah you Oh I got it? Yeah did you?
Speaker 3 (09:44):
I was just worried about the people who didn't. You know,
I'm thinking about my buddy Randy out there. Things are
always going right over his head. No offense, Randy.
Speaker 2 (09:51):
Oh, poor Randy, and he's been called out on the radio.
Speaker 3 (09:54):
He's a nice guy. But yeah, you know.
Speaker 2 (09:56):
Christian says, we're way too used to being in an
Amazon world right now, or we order today and get
the package tomorrow in a Facebook society where we get
emotional right away. This tariff strategy will take time, some pain,
but hopefully be a better path forward in the end.
It's a zero sum game and the goal is to
be at no tariffs or equal tariffs at the other
countries too, so the stock market will come back and
(10:16):
level off eventually. Well, I agree, Christian, I think you
know the stock markets, that's a long play kind of thing.
Speaker 1 (10:23):
But my other you know.
Speaker 2 (10:24):
My only other thing that I'm kind of thinking about
in regards to this would be explain it, like, like,
our government needs to explain exactly why this is happening
in a way that's not Well, we're tariffing Sri Lanka
forty four percent across the board, because that's how they
tariff us. If you could just tell us that you
and speaking in generalities like hey, all these tariffs are
good for American business, you can't just say that. You
(10:46):
have to explain why it's good for American business. If
Matt and I are both trying to sell you something
and we're buying something for you in return, that's called trade, right,
And and what you do is you say to us
whatever you have, and we have to give our boss
twenty percent of the cut. So we do that, and
then I sell something to you and your boss only
(11:07):
takes five percent of the cut. And then we test
that on the free market. It certainly favors the people
who have been tariffed less. And not only that, but
then my boss is getting a lot more money than
your boss is. Now money is good. So if you
want to do commerce in my place, in my company
and my city and my country. Then you got you
(11:29):
better be paying that dollar amount, right, because that's going
to help our government and our economy, and the more
tariffs that come in from outside are gonna be less
money that I have to rely on our own taxpayers
to up the ante form. So I think it's going
to work. The more that I've read about it, the
more that I'm trying to understand. But it cannot be
an overnight thing. You're gonna have to wait through the
(11:50):
next couple of months while the markets try to figure
themselves out or the tariffs themselves come down across the board.
Speaker 1 (11:56):
And that's what the hope's got to be for everyone.
The c of Wall.
Speaker 2 (12:00):
Street, which just happened, oh ten minutes ago or so, uh,
it wasn't good from what I hear. So we're going
to go to our five percent financial strategist. Not that
he's an advisor, because certainly you do not want to
take advice financially from this guy, but he knows how
to read the markets. Here's Matt Case with the latest
on today's stock market.
Speaker 3 (12:25):
Well, maybe one of those days where you want to
stay a little later at the Krusty Krab and get
yourself in extra helping of onion rings. Things were down
across the board. Dow Jones drops twenty two hundred points
two two hundred and thirty one to be exact, or
negative five point five percent to finish off the week
(12:48):
at thirty eight thousand, three hundred and thirty one. You know,
we dropped below forty thousand, remember when we made it
there and we were also impressed. S and P five
one hundred dropped just about six percent three hundred and
twenty two points to finish off the week at five
thy seventy four. And not to be outdone, the Nasdaq
(13:10):
comes in here dropping nine hundred and sixty three points
negative five point eight two percent, finish off the week
at fifteen thousand, eight hundred and something. Who cares.
Speaker 1 (13:25):
Is that it? Are you done? Yeah?
Speaker 3 (13:26):
I guess I could read the Russell two K.
Speaker 1 (13:28):
No, nobody cares about that.
Speaker 3 (13:29):
Who knows? But nobody knows who the wrestle? What is that?
A video game?
Speaker 1 (13:32):
Russell two K two K is a video game?
Speaker 3 (13:35):
And then there's one here that says vix and that's up,
but nobody knows what that is?
Speaker 1 (13:40):
What what's up?
Speaker 3 (13:42):
I don't know it's vix. I'm exposing my limited market knowledge.
As we said, well, the volatility and of course the
volatility index is up. What do you getting me?
Speaker 1 (13:51):
Click?
Speaker 3 (13:51):
I clicked on it.
Speaker 1 (13:53):
The oh.
Speaker 3 (13:54):
Oh, by the way, here's good news. Volatility is up. Yeah, sorry, man,
I'm in Let me see here.
Speaker 1 (14:02):
It's up forty five percent today.
Speaker 3 (14:05):
What was it up? Oh, it's up fifteen points. Or oh,
it's up fifty percent.
Speaker 2 (14:10):
If you go back a month, it's up eighty six
percent over the last thirty days.
Speaker 3 (14:15):
Volatility liability to change rapidly and unpredictably, especially for the worse. Oh, boy,
the volatility index is up.
Speaker 2 (14:23):
It's it's up one hundred and twenty eight percent in
the last six months. It's up one hundred and forty
four percent year to date. It's up one hundred and
sixty eight percent from.
Speaker 1 (14:34):
A year ago.
Speaker 2 (14:35):
Boy, but it's actually down six percent from five years ago,
which would be the beginning of COVID nineteen.
Speaker 1 (14:41):
So at least there we at least we have that.
At least we have that.
Speaker 3 (14:44):
You know, we've been talking about how we wanted to
go back to pre COVID.
Speaker 1 (14:50):
This was it's not quite pre COVID. No.
Speaker 2 (14:52):
Oh, oh, is mid COVID is with mid COVID. No,
nobody wants to go back to that. No, no, thank you. Okay,
what can you tell me about your your reaction to this?
I know that we have talked about the tariff's quite
a bit here so far, but I you know, I'm
just wondering and picking your brain here. I'll be honest,
(15:16):
this is probably the wrong take, But my perspective on
this is I kind of just feel like I'm I'm good.
I don't I felt this way. I feel this way
pretty much all the time. I live a pretty minimalist life.
I do like to go out and eat every once
in a while. I like to go to the bar.
I do buy the stuff that's more cheap than I
(15:38):
buy this stuff that's more expensive. It kind of depends.
You want to know how much I spent on a
driver last year? I broke my driver golf. Yeah, oh yeah,
I broke my driver. I bought a new one. How
much do you think drivers are going for these days?
They're expensive as all get out right. I found one
(16:00):
that I could use that fit my specifications for fifty
five dollars nice, and I bought it.
Speaker 3 (16:06):
Okay, did you buy it at one of those police auctions.
Did you have to clean some stains off of it?
Speaker 1 (16:10):
No?
Speaker 2 (16:10):
I no, No, It's just like an off brand type driver, right,
It's just like an off brand that not a lot
of people have heard of. They're kind of a little
bit of an upstart. It's probably not the greatest of quality.
But you know what, I golf maybe two or three
times a month at most, and.
Speaker 1 (16:25):
I hit him straight with this thing.
Speaker 2 (16:26):
I probably don't get as much distance as I want,
but you know what, I'm not out there competing with anybody.
Speaker 1 (16:31):
I'm just out there to have some fun.
Speaker 2 (16:32):
And I saved at least a solid couple hundred dollars
on a driver because I was willing to pay for
the cheapest one that I liked.
Speaker 1 (16:38):
I didn't.
Speaker 2 (16:39):
I don't need the titleist or whatever the best driver
is these days. The PIX thing, I don't know more.
He's as a golf guy, you know what I mean.
Speaker 1 (16:50):
So I don't know.
Speaker 2 (16:50):
I like playing golf, but you know what, I'll pay
for the cheap stuff. I have no problem doing that.
So I think that my life is going to be
basically the same. And based on what the inflation has
been over the last few years. How much more expensive
could stuff possibly get? That's kind of where I'm at
on this. You think this is gonna last long enough
for everything in my life to like go up in price.
(17:11):
And if it does, then okay, we can go back
into the drawing board on this conversation. But I just
kind of am willing to see how this plays out.
I'm not gonna, you know, start pooping my pants over
this thing and you know, pulling all my holdings out
for my four oh one k Does that make sense?
Speaker 3 (17:28):
Yeah? But you know how many times some enterprising somewhat
has said how much worse could it get? And then
it gets worse? I you know, I don't know.
Speaker 2 (17:37):
Yeah, but this why would Donald Trump do this if
he didn't think it would work?
Speaker 3 (17:41):
Has he made?
Speaker 2 (17:43):
Of course he thinks he thinks it's gonna work. He's
the president of the United States. We gave him the
keys to the castle by him winning the election in
a really really solid, solid amount, right like this, This
was not a This was not a walk over.
Speaker 1 (18:03):
This was this was a This was a runover.
Speaker 2 (18:06):
This was a dominant showing by a presidential candidate that
many people had left for debt. So if you want
me to to somehow like tell you that he shouldn't
have the authority to do what he thinks makes the
most sense for the United States after he won the election, Like,
what is he going to gain by just doing the
same thing. He's not gonna gain anything. The United States
(18:26):
isn't going to gain anything. Remember how upset everybody was
about the last four years. Let's let's shake some things up.
And you know what, if he's going to do it
right now, I can understand that. You know why, because
we are a year and a half away from the
next election, So this thing we'll have had an opportunity
to play out on a wide level by the time
we even get to the thick of campaign season for
(18:47):
the midterm next year.
Speaker 3 (18:48):
Ye mean you put you put a tariff on China.
This is a country that doesn't care what you think
about them, and also they pretty much take care of
themselves pretty well. I just see that and I think,
what are we doing?
Speaker 2 (19:00):
Yeah, But at the same time, like think about all
the commerce that went there, right because that was cheaper
for them to do. Now we're going to now all
of a sudden, China is going to have to pay
all this tariff money on these products into the United States.
Speaker 3 (19:13):
But we're also asking our citizens us, we're asking us
to be different, We're asking us to go through lifestyle changes.
I mean, we're a country that's built on the whole
world coming into this place, and we all have different
styles and different tastes and that's what makes us great.
And it kind of feels like we're going to be
taxed if we continue to be that way. Yeah. Oh,
(19:35):
you avoid all this mess if you just buy American.
Well what if America doesn't have the food I like?
Speaker 1 (19:40):
But that's the thing.
Speaker 2 (19:41):
If you want to do business in America now, it
makes sense for you to build and invest in America
if you're doing it in investing in it in our borders.
Speaker 3 (19:49):
Yeah, but you find taste to your kiwis in Italy,
you know what I'm saying.
Speaker 2 (19:52):
Yeah, I understand what you're saying. But at the same time, right,
it's just kind of like, Okay, we can import stuff
like that. I don't think the imploy sort of kiwis
is what we're looking at here. We're looking at the
underwear that we're importing for cheap from Sri Lanka.
Speaker 1 (20:06):
I knew you'd bring that up because it's come on.
Speaker 3 (20:10):
Somehow the Amish have survived without Sri Lanka underwear. I see,
you're okay, you.
Speaker 2 (20:14):
See what I'm saying, right Like, if we're getting tariffed
on anything that we're sending them and they need our
stuff too, right, they're not growing corn in Sri Lanka.
Speaker 3 (20:23):
They're not.
Speaker 2 (20:24):
I don't know who the heck knows. I don't even
know what Sri Lanka looks like. I I would bet
eighty percent of the people who are listening to this
show couldn't even spell Sri Lanka. I'm just telling you
it doesn't make sense for us not to teariff them back,
especially if we can do what they are doing here,
and we can invest in American companies here that are
doing what they're doing. Doesn't make any sense to give
(20:45):
them a billion dollars a year for ladies underpants. People
who didn't listen to the show a couple of days
ago will have no idea what we're talking about.
Speaker 3 (20:51):
Sri Lanka is a recently a decent sized island to
the to the south of India.
Speaker 1 (20:58):
All right, well, there you go. Nice to know. We'll
talk more about this coming up.
Speaker 2 (21:01):
It's three twenty having Fun on a Friday News radio
eleven to ten Kfab and Maurice. What has been your
gut instinct of these tariffs when it comes to the
United States role that it can play with itself as
like kind of, hey, we can replace some of this
stuff cheaper by just having companies want to like giving
(21:21):
them incentive to invest in the US. Do you think
people would start thinking a little bit more I don't know,
like top of mind to buy American just because the
price is better, or do you think that we're still
going to have to like openly remind ourself to buy
American because that's kind of the fight right now, is
that you can get stuff that's imported for cheaper than
a lot of American stuff these days, well until you know,
(21:42):
a couple of days ago.
Speaker 3 (21:43):
I think ultimately whatever is cheapest met with quality that's
good enough as well is going is going to rule
the day. Ultimately, that's going to be people are gonna
you know, you expect people to use their principles to
buy something and then take a look at where the
economy's at and the prices things cost regardless. I mean,
(22:04):
I far as I can tell, if all these tariffs
go go into place, that's going to rise prices across
the board.
Speaker 2 (22:10):
Right, Uh yeah, I mean in theory, if you know,
American stuff's going to stay steady in price, but everything
else is going to go up in price, that's not
that's being tariffed theoretically.
Speaker 3 (22:22):
Okay, Well, I could look at the tags of the
clothes I'm wearing and the things I'm using right now.
Something tells me that not even half of it's made
in America.
Speaker 2 (22:29):
And that would be probably accurate. But if all of
a sudden, that like the stuff that you're buying, and
I'm sure you're mostly like me, that stuff, all the
price increases on basically everything, And if that's the case,
then the American thing would be the cheapest item in theory,
even if the price of American goods goes up a
little bit, because prices in general are much higher, they
(22:51):
can improve their profit margins and still be the cheapest
option in certain issues and it becomes just competitive as American.
Speaker 1 (22:57):
But the cheapest thing becomes American.
Speaker 2 (22:59):
Don't you think just by nature, more of your stuff's
going to be American because of the price.
Speaker 3 (23:03):
Well, sure, because it took less of a journey to
get here, and it doesn't have to go through any
tariffs to be placed onto the shelf. Naturally.
Speaker 2 (23:11):
Yeah, so, naturally, most of your stuff's going to become
American because you are noticing that it's the cheapest option.
Speaker 3 (23:17):
And then you'll get the Hollywood types who can afford
to do this, who probably will deliberately not buy American
just so that they can send a message. But most
of us people stuck here in the middle or the
low middle, or wherever I fit. I don't even know.
All I know is that my bosses haven't told me
that I'm getting a twenty percent raise. So if these
tariffs make things twenty percent more expensive, then yeah, I'll
be looking for the American alternative. That's price didn't change.
(23:40):
You better believe it.
Speaker 2 (23:41):
So in that case, guess what mission accomplished according to
the American government.
Speaker 1 (23:46):
Am I right? Sure?
Speaker 3 (23:48):
For some things?
Speaker 2 (23:49):
Yeah, you are now buying American goods. You and everybody
like you and me are going to be buying American
goods enough to where company are saying, look, we need
to shortcut around these tariffs. We're gonna build in America
and employ American employees. We're not gonna have factories in China,
in India and Mexico. We're going to have them in
(24:11):
the United States so we can avoid these tariffs. We're
gonna employ Americans and American America's economy has now been
fully stimulated because we're hiring Americans, and this company's building
stuff in America and we're buying American products, and the
foreign companies are now building more here in the United States,
and that's helping America too, even if they weren't headquartered
(24:31):
here in the first place. We have just made everything
more competitive. We have eliminated the tariff issue. Price has
become competitive enough in capitalism for them to come back
down because more companies are investing here and are able
to compete here. And now a couple of years down
the line, you'll have much more things, many more things
that are American made, while at the exact same time
(24:52):
you are able to not have to sweat what we've
dealt with here this April, with all this tariff talk,
this never has to be a problem for again because
of us going through it right now.
Speaker 1 (25:02):
Makes sense.
Speaker 3 (25:03):
There's gonna be but but don't you see how it's
gonna limit people's buying power. It's gonna limit choice. It's
gonna limit, it's gonna limit, it's gonna limit lifestyles in
ways that.
Speaker 1 (25:12):
For now though right like it.
Speaker 2 (25:15):
But in the example we're talking about, in a year's time,
if that trend continues and Americans more, yeah, more, more,
more people are gonna build and be based in the
US to compete better. And if that's the case, because
the United States is what the third or fourth largest
country by population.
Speaker 3 (25:33):
And one thing that the United States has on its
side is that we are a bunch of consumers, and
we love.
Speaker 1 (25:39):
To buy things. We love everything.
Speaker 3 (25:41):
We love to buy things, we love to eat things,
we love to drink things, we love to own things.
So that so the world around us, who is really
used to the United States needing a whole lot of
their stuff, if all of a sudden that stuff gets
really expensive, and then guys like me, who maybe really
enjoyed the things I was getting from overseas, plays I
just can't afford it anymore. And I've got to be
(26:02):
more simple about it. You know. Then these places overseas,
I'm starting to pick up what you're putting down here.
These places overseas are gonna see say, wow, man, our
economy is different when America is not involved with it.
Our economy is different when we're not shipping stuff over
there to that continent. So maybe they'll they'll they'll rethink things.
(26:23):
I could see that. However, here's the big bet that
they come to the they come to that realization sooner
than later, because guys like me who don't get to
have my avocado toast any more, Emery songer, because you know,
I'm a big avocado toast guy. When I sit in
my vegan bistro without any shoes on as I drove
there in my smart car. You know guys like me
(26:46):
who are sitting there, you know where in my lama
fur that comes from candy Sri Lanka that there's only
like twelve lamas that make this certain kind of fur.
It's very luxurious, but I don't know what to do
with it, and I can't really live without it. I could,
but it's not really living.
Speaker 2 (27:04):
If you are gonna you're gonna hate, You're gonna hate
me for bringing this up to usurp your point. But
we actually have the ability in California, Florida and Hawaii
to produce avocados. We just through trade in wanting to
be buddies with Mexico get ninety percent of ours from them.
So yeah, I mean, unless you think that we're not
gonna have enough supply to meet the demand of avocados
(27:25):
in our growth, I think you're gonna be okay. I
don't think avocado spread on your toast is going to
go away just because we are tariffing the avocado's coming
from Mexico. You're just gonna buy American avocados. And guess what,
You're probably not gonna notice the difference would be my guess.
Speaker 3 (27:41):
Well, we'll see I have a very refined palette.
Speaker 2 (27:45):
Yeah, and you also have sick and grossed feet. You
shouldn't be walking barefoot anywhere. By the way, it is
three twenty nine. We got more fun on the way. Well,
I promise we won't talk about this tariff business the
entire time, but we appreciate you for being a part
of the show on news radio eleven ten kfab
Speaker 3 (28:00):
Emery Songer on news radio eleven ten k F A
B
We're doing as much as we can to.
Speaker 2 (00:03):
Educate you on stuff that's happening out there, and let
you know some of the other things that are happening
in and around the United States maybe even the world.
You uh, you see the stock market. You're gonna have
to do that thing at five o'clock today.
Speaker 3 (00:16):
Yeah, should I play some sad music for that?
Speaker 1 (00:18):
It's it's it's worse, isn't it. It got worse today?
Speaker 3 (00:21):
Huh it got worse.
Speaker 1 (00:23):
Yeah, I mean, I don't.
Speaker 2 (00:24):
Think we should do this before the market is closed,
because you know, we don't want to get bad information.
But what do we do about this? Yeah, it's like, well,
panicking seems like the bad move. I just yeah, I'll
be honest. I I'm gonna do nothing because that's what
I always do when it comes to this stuff. You know,
(00:45):
this is a long term game. We just I think
that a lot of people the longer this goes, the
more uneasy some people are getting. You know, I don't
know if there's I don't know if there's like a
lining to this for people who are just not in
the know. I think it's a reasonable reaction to be like,
I don't know what to do right now, you know, so.
Speaker 3 (01:08):
Yeah, I know it, Jimmy. It's kind of the way
people felt before they had pockets. Where do I put
my hands? You know, it's uncomfortable. My analogies are just
not good today. I think that's what I mean.
Speaker 2 (01:21):
Yeah, oh great that I'm gonna have to gonna have
to hit the drawing board on that one again, I think.
But if we're looking at it from just the lay person,
I think, if everybody is telling me that I need
to run around in a circle and scream, like that
SpongeBob episode when the I think it was when the
(01:42):
clam the oyster gets a peanut thrown at her and
she starts to cry nobody. If you haven't seen SpongeBob,
you're not gonna know this. But the response is like,
while this people are trying to figure out what this
loud noise is, the announcer over the PA is just
like everyone screaming run around in circles. And then everybody
started screaming and running around in circle. I don't think
that's what we should be doing here. But I think
(02:02):
when people are seeing all the panic out there, I
think that's a reaction, at least a reasonable reaction to
this that hey, I'm a bit uneasy. I don't know
what to do here. My advice would be just let's
relax for a few days. Not to say that I
know what's going to happen next, because I've been on
the record as saying We're going to have to let
(02:23):
this simmer for a bit, because I'm not sure that
I'm number one, I'm not sure that these tariffs are
going to last all that long as written. Donald Trump
said specifically himself, as it's Scott Bessen, who's the Treasury Secretary,
that in the Commerce Secretary, all the people that are
making these calls and know what the what's on the
(02:43):
line here. They're saying, if other countries were to reel
back their tariffs into a more manageable situation, we would
respond in turn the same way, we would lower the
reciprocal tariffs that we're putting on That that all seems
to be I think reasonable at this stage and not
an impossible thing that we would have to worry about.
(03:04):
I think that's a very possible thing that could be
going on in that regard. However, if those countries decide
not to do that, these big tariffs stay there. We
have to give it time to understand the impact it's
going to have on building back up the American economy,
because this is supposed to drive companies to want to
build here, to exploit expand in the United States, hire
(03:29):
American workers, invest in the American economy, and if this
does stick six months from now, a year from now,
a couple of years from now, you will start seeing
not only the American worker doing better, American business doing better,
and in turn, the entire American economy being more self
sufficient than relying on all this trade, especially when the
(03:49):
trade is being you know, perpetuated to the tune of
in some cases upwards of one hundred, two hundred and
three hundred percent tariffs on certain items that are being
in imported by other countries from the United States.
Speaker 1 (04:02):
Does that make sense?
Speaker 3 (04:04):
Yeah?
Speaker 1 (04:05):
Are you sure? Well?
Speaker 3 (04:07):
It got a little complicated for my ilk.
Speaker 2 (04:10):
It is complicated. That's the problem. That's the stupid thing
about all this is it is complicated.
Speaker 3 (04:17):
Can you simplify it? Just pretend like I didn't know
what you were saying, Just for somebody who did not
know what you were saying like I did. But I'm
just thinking of you know, I'm thinking of the people
who didn't. Can you make it easier to understand for
those guys?
Speaker 1 (04:31):
All right, so what do you buy from Canada?
Speaker 3 (04:34):
I like their maple syrup.
Speaker 1 (04:36):
Let's let's do Canadian whiskey. How's that like? Crown Royal?
Speaker 2 (04:39):
You like Crown Royal, I've had it before. Yeah, Yeah,
that's good stuff, right, Crown Royal. Crown Royal gets sold
in the United States? Is that correct?
Speaker 3 (04:47):
Yeah? I think that is still a thing that's happening.
Speaker 2 (04:51):
What we what do we give to Canada? Like, what's
something that Canada would buy from us?
Speaker 3 (04:55):
Well, they might lie a good budweiser.
Speaker 1 (04:58):
Yeah, but let's bourbon. Let's do let's do bourbon.
Speaker 3 (05:01):
How about Jack Daniels.
Speaker 1 (05:03):
Yeah, Jack Daniels.
Speaker 2 (05:04):
So Crown Royal exports to the United States, and let's
we're not going to do all the convoluted it gets
distilled somewhere else, or it gets bottled somewhere else in
all the different rigamarole. For this example, we're gonna try
to simplify it as much as possible. Crown Royal, Canadian whiskey,
Kentucky bourbon. Jack Daniels is Jack Daniels bourbon. I mean
Jim Beams bourbon.
Speaker 3 (05:24):
Technically to be bourbon. Yeah, so I think with that stipulation.
Speaker 1 (05:30):
Jack Jack Daniels is not no. No, Jack Daniels is no,
it's not Yes, it is from Tennessee.
Speaker 3 (05:35):
Wait where does it have to It's.
Speaker 1 (05:37):
Got to be from Kentucky.
Speaker 3 (05:38):
Let me do some googling.
Speaker 1 (05:39):
No, I'm right, you're wrong here.
Speaker 3 (05:42):
I never I didn't make a definitive statement.
Speaker 2 (05:44):
You're right, we jumped to Jack Daniels. That's just bourbon.
Let's just say bourbon. We know that has to be
American bourbon. We send bourbon to Canada, and let's say
Canada says I'm going to take one hundred percent tariff
on that. So what what what the bourbon company has
to do? Jim Beam has to Okay, I want to
sell in Canada, so people in Canada buy my product.
(06:06):
I'm being tariffed by Canada one hundred percent of the value.
So if my bottle is worth fifty dollars for every
bottle that I send, I have to also pay fifty
dollars to the Canadian government in tariff. Right, So now
it's basically one hundred dollars like the bottle itself and
the tariff are costing me roughly one hundred dollars, and
(06:29):
so I have to charge if I want to make
a profit, I have to charge more money to make
that up to the consumer. So the consumer has to
pay for its gym beam. The consumer is going to
have to pay, say one hundred dollars for a bottle
in this example, just for my profit margin to make
any sense. On the other end, what Canada has been
able to do is Crown Royal is sending Crown to
(06:52):
the United States, but our government is either not tariffing
them at all or tariffing them like five percent. So
Crown's fifty dollars bottle, they're only paying the American government
fifty or five dollars, So that means fifty five dollars
total has been spent for it to sell and have
the ability And how much money do you think Crown
Royal is going to be able to charge in the
United States. Well, they can get by selling a bottle
(07:14):
for say sixty or seventy dollars in that scenario. I
know this stuff's a lot cheaper than that, but bear
with me for the example, They're able to compete at
a much lower price, making people like me who don't
want to spend that much money. I'm not going to
spend a lot more money on something else. Oh, this
Canadian whiskey is very cheap. Well why is it cheap? Well,
it's because the American government doesn't tariff this stuff. It
(07:37):
puts the American company at a disadvantage, who was trying
to sell in other markets while you're enjoying your Canadian whiskey.
And not only is it putting it the American company
at a disadvantage, but our government isn't capitalizing on that import.
And also I am helping support a Canadian business, not
an American one. So not only does the United States
(07:58):
government somehow get jipped because they're not getting enough money
while the Canadian government is getting a ton of money
on that import, but at the same time, I am
supporting directly a Canadian company instead of supporting an American
company in the same sector, because the prices are much
more competitive, because the tariffs are not making me want
(08:19):
to buy American. The fact that there aren't that many
tariffs on imports means that the stuff that's coming from
Canada and the stuff that's coming from Mexico is competitive
and pricing with the American stuff, which means the American
guy is going to be left in the dust a
lot of the time because people are going to want
the stuff that's being imported, and because the American government
(08:39):
doesn't collect some tariffs on that stuff, makes it a
lot more difficult for the American company to stand out
because the Canadian company would have to make their product
more expensive to make up for that tariff, so their
price should go up. That would make it more attractive
to buy the American product, thus stimulating the American economy
in the same breath.
Speaker 1 (08:59):
Does that make sense?
Speaker 3 (09:00):
I hope so.
Speaker 1 (09:01):
Uh yeah.
Speaker 2 (09:02):
There's just no easy way to There's no easy way
to describe this. I it makes sense in my head,
but to explain it is just impossible. But hopefully those
out there who were listening to that didn't laugh their
heads off while I tried to make that explanation. Either way,
we do appreciate you sticking with us on this Friday,
More Fun on the Way on news Radio eleven ten
Kfab and Rare You Songer. If you've ever bought liquor
(09:24):
in Mexico, you know what I'm talking about. My husband
and I like cahula and cahula in Mexico, and it's
at least half, if not three quarters, less expensive than
the cahula in the US, just like buying rom and
the Caribbean super cheap.
Speaker 1 (09:36):
Love the show. See I was on a something. She
got it. You may not have gotten it, but she
got it. Yeah you Oh I got it? Yeah did you?
Speaker 3 (09:44):
I was just worried about the people who didn't. You know,
I'm thinking about my buddy Randy out there. Things are
always going right over his head. No offense, Randy.
Speaker 2 (09:51):
Oh, poor Randy, and he's been called out on the radio.
Speaker 3 (09:54):
He's a nice guy. But yeah, you know.
Speaker 2 (09:56):
Christian says, we're way too used to being in an
Amazon world right now, or we order today and get
the package tomorrow in a Facebook society where we get
emotional right away. This tariff strategy will take time, some pain,
but hopefully be a better path forward in the end.
It's a zero sum game and the goal is to
be at no tariffs or equal tariffs at the other
countries too, so the stock market will come back and
(10:16):
level off eventually. Well, I agree, Christian, I think you
know the stock markets, that's a long play kind of thing.
Speaker 1 (10:23):
But my other you know.
Speaker 2 (10:24):
My only other thing that I'm kind of thinking about
in regards to this would be explain it, like, like,
our government needs to explain exactly why this is happening
in a way that's not Well, we're tariffing Sri Lanka
forty four percent across the board, because that's how they
tariff us. If you could just tell us that you
and speaking in generalities like hey, all these tariffs are
good for American business, you can't just say that. You
(10:46):
have to explain why it's good for American business. If
Matt and I are both trying to sell you something
and we're buying something for you in return, that's called trade, right,
And and what you do is you say to us
whatever you have, and we have to give our boss
twenty percent of the cut. So we do that, and
then I sell something to you and your boss only
(11:07):
takes five percent of the cut. And then we test
that on the free market. It certainly favors the people
who have been tariffed less. And not only that, but
then my boss is getting a lot more money than
your boss is. Now money is good. So if you
want to do commerce in my place, in my company
and my city and my country. Then you got you
(11:29):
better be paying that dollar amount, right, because that's going
to help our government and our economy, and the more
tariffs that come in from outside are gonna be less
money that I have to rely on our own taxpayers
to up the ante form. So I think it's going
to work. The more that I've read about it, the
more that I'm trying to understand. But it cannot be
an overnight thing. You're gonna have to wait through the
(11:50):
next couple of months while the markets try to figure
themselves out or the tariffs themselves come down across the board.
Speaker 1 (11:56):
And that's what the hope's got to be for everyone.
The c of Wall.
Speaker 2 (12:00):
Street, which just happened, oh ten minutes ago or so, uh,
it wasn't good from what I hear. So we're going
to go to our five percent financial strategist. Not that
he's an advisor, because certainly you do not want to
take advice financially from this guy, but he knows how
to read the markets. Here's Matt Case with the latest
on today's stock market.
Speaker 3 (12:25):
Well, maybe one of those days where you want to
stay a little later at the Krusty Krab and get
yourself in extra helping of onion rings. Things were down
across the board. Dow Jones drops twenty two hundred points
two two hundred and thirty one to be exact, or
negative five point five percent to finish off the week
(12:48):
at thirty eight thousand, three hundred and thirty one. You know,
we dropped below forty thousand, remember when we made it
there and we were also impressed. S and P five
one hundred dropped just about six percent three hundred and
twenty two points to finish off the week at five
thy seventy four. And not to be outdone, the Nasdaq
(13:10):
comes in here dropping nine hundred and sixty three points
negative five point eight two percent, finish off the week
at fifteen thousand, eight hundred and something. Who cares.
Speaker 1 (13:25):
Is that it? Are you done? Yeah?
Speaker 3 (13:26):
I guess I could read the Russell two K.
Speaker 1 (13:28):
No, nobody cares about that.
Speaker 3 (13:29):
Who knows? But nobody knows who the wrestle? What is that?
A video game?
Speaker 1 (13:32):
Russell two K two K is a video game?
Speaker 3 (13:35):
And then there's one here that says vix and that's up,
but nobody knows what that is?
Speaker 1 (13:40):
What what's up?
Speaker 3 (13:42):
I don't know it's vix. I'm exposing my limited market knowledge.
As we said, well, the volatility and of course the
volatility index is up. What do you getting me?
Speaker 1 (13:51):
Click?
Speaker 3 (13:51):
I clicked on it.
Speaker 1 (13:53):
The oh.
Speaker 3 (13:54):
Oh, by the way, here's good news. Volatility is up. Yeah, sorry, man,
I'm in Let me see here.
Speaker 1 (14:02):
It's up forty five percent today.
Speaker 3 (14:05):
What was it up? Oh, it's up fifteen points. Or oh,
it's up fifty percent.
Speaker 2 (14:10):
If you go back a month, it's up eighty six
percent over the last thirty days.
Speaker 3 (14:15):
Volatility liability to change rapidly and unpredictably, especially for the worse. Oh, boy,
the volatility index is up.
Speaker 2 (14:23):
It's it's up one hundred and twenty eight percent in
the last six months. It's up one hundred and forty
four percent year to date. It's up one hundred and
sixty eight percent from.
Speaker 1 (14:34):
A year ago.
Speaker 2 (14:35):
Boy, but it's actually down six percent from five years ago,
which would be the beginning of COVID nineteen.
Speaker 1 (14:41):
So at least there we at least we have that.
At least we have that.
Speaker 3 (14:44):
You know, we've been talking about how we wanted to
go back to pre COVID.
Speaker 1 (14:50):
This was it's not quite pre COVID. No.
Speaker 2 (14:52):
Oh, oh, is mid COVID is with mid COVID. No,
nobody wants to go back to that. No, no, thank you. Okay,
what can you tell me about your your reaction to this?
I know that we have talked about the tariff's quite
a bit here so far, but I you know, I'm
just wondering and picking your brain here. I'll be honest,
(15:16):
this is probably the wrong take, But my perspective on
this is I kind of just feel like I'm I'm good.
I don't I felt this way. I feel this way
pretty much all the time. I live a pretty minimalist life.
I do like to go out and eat every once
in a while. I like to go to the bar.
I do buy the stuff that's more cheap than I
(15:38):
buy this stuff that's more expensive. It kind of depends.
You want to know how much I spent on a
driver last year? I broke my driver golf. Yeah, oh yeah,
I broke my driver. I bought a new one. How
much do you think drivers are going for these days?
They're expensive as all get out right. I found one
(16:00):
that I could use that fit my specifications for fifty
five dollars nice, and I bought it.
Speaker 3 (16:06):
Okay, did you buy it at one of those police auctions.
Did you have to clean some stains off of it?
Speaker 1 (16:10):
No?
Speaker 2 (16:10):
I no, No, It's just like an off brand type driver, right,
It's just like an off brand that not a lot
of people have heard of. They're kind of a little
bit of an upstart. It's probably not the greatest of quality.
But you know what, I golf maybe two or three
times a month at most, and.
Speaker 1 (16:25):
I hit him straight with this thing.
Speaker 2 (16:26):
I probably don't get as much distance as I want,
but you know what, I'm not out there competing with anybody.
Speaker 1 (16:31):
I'm just out there to have some fun.
Speaker 2 (16:32):
And I saved at least a solid couple hundred dollars
on a driver because I was willing to pay for
the cheapest one that I liked.
Speaker 1 (16:38):
I didn't.
Speaker 2 (16:39):
I don't need the titleist or whatever the best driver
is these days. The PIX thing, I don't know more.
He's as a golf guy, you know what I mean.
Speaker 1 (16:50):
So I don't know.
Speaker 2 (16:50):
I like playing golf, but you know what, I'll pay
for the cheap stuff. I have no problem doing that.
So I think that my life is going to be
basically the same. And based on what the inflation has
been over the last few years. How much more expensive
could stuff possibly get? That's kind of where I'm at
on this. You think this is gonna last long enough
for everything in my life to like go up in price.
(17:11):
And if it does, then okay, we can go back
into the drawing board on this conversation. But I just
kind of am willing to see how this plays out.
I'm not gonna, you know, start pooping my pants over
this thing and you know, pulling all my holdings out
for my four oh one k Does that make sense?
Speaker 3 (17:28):
Yeah? But you know how many times some enterprising somewhat
has said how much worse could it get? And then
it gets worse? I you know, I don't know.
Speaker 2 (17:37):
Yeah, but this why would Donald Trump do this if
he didn't think it would work?
Speaker 3 (17:41):
Has he made?
Speaker 2 (17:43):
Of course he thinks he thinks it's gonna work. He's
the president of the United States. We gave him the
keys to the castle by him winning the election in
a really really solid, solid amount, right like this, This
was not a This was not a walk over.
Speaker 1 (18:03):
This was this was a This was a runover.
Speaker 2 (18:06):
This was a dominant showing by a presidential candidate that
many people had left for debt. So if you want
me to to somehow like tell you that he shouldn't
have the authority to do what he thinks makes the
most sense for the United States after he won the election, Like,
what is he going to gain by just doing the
same thing. He's not gonna gain anything. The United States
(18:26):
isn't going to gain anything. Remember how upset everybody was
about the last four years. Let's let's shake some things up.
And you know what, if he's going to do it
right now, I can understand that. You know why, because
we are a year and a half away from the
next election, So this thing we'll have had an opportunity
to play out on a wide level by the time
we even get to the thick of campaign season for
(18:47):
the midterm next year.
Speaker 3 (18:48):
Ye mean you put you put a tariff on China.
This is a country that doesn't care what you think
about them, and also they pretty much take care of
themselves pretty well. I just see that and I think,
what are we doing?
Speaker 2 (19:00):
Yeah, But at the same time, like think about all
the commerce that went there, right because that was cheaper
for them to do. Now we're going to now all
of a sudden, China is going to have to pay
all this tariff money on these products into the United States.
Speaker 3 (19:13):
But we're also asking our citizens us, we're asking us
to be different, We're asking us to go through lifestyle changes.
I mean, we're a country that's built on the whole
world coming into this place, and we all have different
styles and different tastes and that's what makes us great.
And it kind of feels like we're going to be
taxed if we continue to be that way. Yeah. Oh,
(19:35):
you avoid all this mess if you just buy American.
Well what if America doesn't have the food I like?
Speaker 1 (19:40):
But that's the thing.
Speaker 2 (19:41):
If you want to do business in America now, it
makes sense for you to build and invest in America
if you're doing it in investing in it in our borders.
Speaker 3 (19:49):
Yeah, but you find taste to your kiwis in Italy,
you know what I'm saying.
Speaker 2 (19:52):
Yeah, I understand what you're saying. But at the same time, right,
it's just kind of like, Okay, we can import stuff
like that. I don't think the imploy sort of kiwis
is what we're looking at here. We're looking at the
underwear that we're importing for cheap from Sri Lanka.
Speaker 1 (20:06):
I knew you'd bring that up because it's come on.
Speaker 3 (20:10):
Somehow the Amish have survived without Sri Lanka underwear. I see,
you're okay, you.
Speaker 2 (20:14):
See what I'm saying, right Like, if we're getting tariffed
on anything that we're sending them and they need our
stuff too, right, they're not growing corn in Sri Lanka.
Speaker 3 (20:23):
They're not.
Speaker 2 (20:24):
I don't know who the heck knows. I don't even
know what Sri Lanka looks like. I I would bet
eighty percent of the people who are listening to this
show couldn't even spell Sri Lanka. I'm just telling you
it doesn't make sense for us not to teariff them back,
especially if we can do what they are doing here,
and we can invest in American companies here that are
doing what they're doing. Doesn't make any sense to give
(20:45):
them a billion dollars a year for ladies underpants. People
who didn't listen to the show a couple of days
ago will have no idea what we're talking about.
Speaker 3 (20:51):
Sri Lanka is a recently a decent sized island to
the to the south of India.
Speaker 1 (20:58):
All right, well, there you go. Nice to know. We'll
talk more about this coming up.
Speaker 2 (21:01):
It's three twenty having Fun on a Friday News radio
eleven to ten Kfab and Maurice. What has been your
gut instinct of these tariffs when it comes to the
United States role that it can play with itself as
like kind of, hey, we can replace some of this
stuff cheaper by just having companies want to like giving
(21:21):
them incentive to invest in the US. Do you think
people would start thinking a little bit more I don't know,
like top of mind to buy American just because the
price is better, or do you think that we're still
going to have to like openly remind ourself to buy
American because that's kind of the fight right now, is
that you can get stuff that's imported for cheaper than
a lot of American stuff these days, well until you know,
(21:42):
a couple of days ago.
Speaker 3 (21:43):
I think ultimately whatever is cheapest met with quality that's
good enough as well is going is going to rule
the day. Ultimately, that's going to be people are gonna
you know, you expect people to use their principles to
buy something and then take a look at where the
economy's at and the prices things cost regardless. I mean,
(22:04):
I far as I can tell, if all these tariffs
go go into place, that's going to rise prices across
the board.
Speaker 2 (22:10):
Right, Uh yeah, I mean in theory, if you know,
American stuff's going to stay steady in price, but everything
else is going to go up in price, that's not
that's being tariffed theoretically.
Speaker 3 (22:22):
Okay, Well, I could look at the tags of the
clothes I'm wearing and the things I'm using right now.
Something tells me that not even half of it's made
in America.
Speaker 2 (22:29):
And that would be probably accurate. But if all of
a sudden, that like the stuff that you're buying, and
I'm sure you're mostly like me, that stuff, all the
price increases on basically everything, And if that's the case,
then the American thing would be the cheapest item in theory,
even if the price of American goods goes up a
little bit, because prices in general are much higher, they
(22:51):
can improve their profit margins and still be the cheapest
option in certain issues and it becomes just competitive as American.
Speaker 1 (22:57):
But the cheapest thing becomes American.
Speaker 2 (22:59):
Don't you think just by nature, more of your stuff's
going to be American because of the price.
Speaker 3 (23:03):
Well, sure, because it took less of a journey to
get here, and it doesn't have to go through any
tariffs to be placed onto the shelf. Naturally.
Speaker 2 (23:11):
Yeah, so, naturally, most of your stuff's going to become
American because you are noticing that it's the cheapest option.
Speaker 3 (23:17):
And then you'll get the Hollywood types who can afford
to do this, who probably will deliberately not buy American
just so that they can send a message. But most
of us people stuck here in the middle or the
low middle, or wherever I fit. I don't even know.
All I know is that my bosses haven't told me
that I'm getting a twenty percent raise. So if these
tariffs make things twenty percent more expensive, then yeah, I'll
be looking for the American alternative. That's price didn't change.
(23:40):
You better believe it.
Speaker 2 (23:41):
So in that case, guess what mission accomplished according to
the American government.
Speaker 1 (23:46):
Am I right? Sure?
Speaker 3 (23:48):
For some things?
Speaker 2 (23:49):
Yeah, you are now buying American goods. You and everybody
like you and me are going to be buying American
goods enough to where company are saying, look, we need
to shortcut around these tariffs. We're gonna build in America
and employ American employees. We're not gonna have factories in China,
in India and Mexico. We're going to have them in
(24:11):
the United States so we can avoid these tariffs. We're
gonna employ Americans and American America's economy has now been
fully stimulated because we're hiring Americans, and this company's building
stuff in America and we're buying American products, and the
foreign companies are now building more here in the United States,
and that's helping America too, even if they weren't headquartered
(24:31):
here in the first place. We have just made everything
more competitive. We have eliminated the tariff issue. Price has
become competitive enough in capitalism for them to come back
down because more companies are investing here and are able
to compete here. And now a couple of years down
the line, you'll have much more things, many more things
that are American made, while at the exact same time
(24:52):
you are able to not have to sweat what we've
dealt with here this April, with all this tariff talk,
this never has to be a problem for again because
of us going through it right now.
Speaker 1 (25:02):
Makes sense.
Speaker 3 (25:03):
There's gonna be but but don't you see how it's
gonna limit people's buying power. It's gonna limit choice. It's
gonna limit, it's gonna limit, it's gonna limit lifestyles in
ways that.
Speaker 1 (25:12):
For now though right like it.
Speaker 2 (25:15):
But in the example we're talking about, in a year's time,
if that trend continues and Americans more, yeah, more, more,
more people are gonna build and be based in the
US to compete better. And if that's the case, because
the United States is what the third or fourth largest
country by population.
Speaker 3 (25:33):
And one thing that the United States has on its
side is that we are a bunch of consumers, and
we love.
Speaker 1 (25:39):
To buy things. We love everything.
Speaker 3 (25:41):
We love to buy things, we love to eat things,
we love to drink things, we love to own things.
So that so the world around us, who is really
used to the United States needing a whole lot of
their stuff, if all of a sudden that stuff gets
really expensive, and then guys like me, who maybe really
enjoyed the things I was getting from overseas, plays I
just can't afford it anymore. And I've got to be
(26:02):
more simple about it. You know. Then these places overseas,
I'm starting to pick up what you're putting down here.
These places overseas are gonna see say, wow, man, our
economy is different when America is not involved with it.
Our economy is different when we're not shipping stuff over
there to that continent. So maybe they'll they'll they'll rethink things.
(26:23):
I could see that. However, here's the big bet that
they come to the they come to that realization sooner
than later, because guys like me who don't get to
have my avocado toast any more, Emery songer, because you know,
I'm a big avocado toast guy. When I sit in
my vegan bistro without any shoes on as I drove
there in my smart car. You know guys like me
(26:46):
who are sitting there, you know where in my lama
fur that comes from candy Sri Lanka that there's only
like twelve lamas that make this certain kind of fur.
It's very luxurious, but I don't know what to do
with it, and I can't really live without it. I could,
but it's not really living.
Speaker 2 (27:04):
If you are gonna you're gonna hate, You're gonna hate
me for bringing this up to usurp your point. But
we actually have the ability in California, Florida and Hawaii
to produce avocados. We just through trade in wanting to
be buddies with Mexico get ninety percent of ours from them.
So yeah, I mean, unless you think that we're not
gonna have enough supply to meet the demand of avocados
(27:25):
in our growth, I think you're gonna be okay. I
don't think avocado spread on your toast is going to
go away just because we are tariffing the avocado's coming
from Mexico. You're just gonna buy American avocados. And guess what,
You're probably not gonna notice the difference would be my guess.
Speaker 3 (27:41):
Well, we'll see I have a very refined palette.
Speaker 2 (27:45):
Yeah, and you also have sick and grossed feet. You
shouldn't be walking barefoot anywhere. By the way, it is
three twenty nine. We got more fun on the way. Well,
I promise we won't talk about this tariff business the
entire time, but we appreciate you for being a part
of the show on news radio eleven ten kfab
Speaker 3 (28:00):
Emery Songer on news radio eleven ten k F A
B
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