July 8, 2025 • 23 mins
Does President Trump Need To Be More Fiscally Responsible?
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Episode Transcript
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Speaker 1 (00:02):
Traffic and weather every ten minutes. This is Charleston's Morning
News with Kelly and plays on ninety four to three WUSC.
Speaker 2 (00:12):
Well, good Tuesday morning. It is eighth five here on
ninety four to three WSC.
Speaker 3 (00:18):
President Trump says Japan and South Korea Korea will be
hit with the twenty five percent import tariff starting next month.
He sent letters to a number of countries with take
it or leave at tariff offers and shared the letters
to Japan and South Korea on truth. Social Treasury Secretary
Scott Besson says tariffs that were paused for negotiating will
(00:39):
take effect to August first for those twelve countries. Besson
said Trump's letters say that if you don't move things along,
then on August first, you will boomerang back to a
higher tariff level. Besson added he expects to see several
big announcements over the next couple of days about trade deals.
The Dow Jones industrial average lost on hundred and twenty
(01:00):
two points following that news.
Speaker 2 (01:04):
Well, no surprise, the stock markets are, you know, bit jittery.
On the other hand, let this play out continue to
remind everybody the first Trump administration we won, we were
on the right side of this. When he pushed back
with tariffs, China came to the table. We brought billions
of dollars into our coffers. And now this is even
on a much larger scale. So they've got to put
(01:27):
the heat on somewhere to get these people to get
to the table. They can't just keep sending out letters.
And there are plenty of be annoying me wrong. There
are plenty of people who lined up immediately to strike
deals with the US.
Speaker 3 (01:39):
Well, he's trying to force the hand of these twelve
countries to come to the negotiating table. And you have
to be a man of your word. If you're going
to threaten something, you have to follow through.
Speaker 2 (01:51):
Well, and we know that President Trump indeed does that,
has a track record as I just laid out that
proves it. So we'll see. We'll say, if there's any
kind of price raising, let's just say that some decide
to wear cement shoes and not move on this it.
You know, Trump will be blamed for it at the
(02:13):
end of the day, How will it really affect you
and your buying power? So far, has any of this
affected you know, some huge exorbitant you know, price increase
in anything that you've seen when you're out there shopping.
Speaker 3 (02:28):
I mean, I can't say I paid that much attention.
I just know that I complain every time I come
home from the store that prices have gone up again.
Speaker 2 (02:36):
My god, It's been that way for you know, increasing
prices of everything over the lat you know, since the
previous administration, since COVID struck all of that. The economy
is in a we've been in a tailspin for quite
some time, the devaluing of our dollar. Good lord, something's
got to give. This president is trying to fix it.
Speaker 3 (03:00):
Well, I would argue he has to do it quickly
or he's going to lose support.
Speaker 2 (03:06):
Well, this is what the whole holding the feet of
the fire is all about. I mean, you've got to
put deadlines down so we shall see. And this wasn't
broken overnight when it comes to our economy, and it's
not going to be fixed overnight.
Speaker 3 (03:20):
Well I understand all that, but you know, people are hurting,
and they're only going to have so much patience. And
they elected him because they were hurting and they need
to start seeing some results in their pocketbook. So you know,
they'll argue that the big beautiful Bill is going to
go a long way with that. We'll see. And you know,
I'm not attacking him or picking on him. I'm just
(03:43):
saying that people are fickle and they don't necessarily say, well,
it took years to break this, so I'm going to
give it years to fix it. No, they want results
right away, and they expect to see them right away,
and if they don't get them right away, then that's
going to be political trouble for this president in this administration. So,
(04:06):
as we just heard, President Trump's turning his attention to
trade as a critical tariff deadline looms ninety four to three.
WSC White House correspondent John Decker has more details on
the story.
Speaker 4 (04:18):
Hey, good morning to you. Yes, the President announcing yesterday
that he's extending that deadline. It was supposed to be
July ninth for reaching a trade deal with the United
States and now it's August the first, and the President
may give further indication into what he's thinking and what
trade deals may be announced in the coming days or
weeks during a cabinet meeting that'll have in just a
(04:39):
few hours at the White House. The President also announcing
higher tariff on fourteen different countries, including Japan and South Korea,
meaning those twenty five percent tariffs will be applied to
any Japanese or South Korean good coming into the US.
You think about Japanese autos or Korean autos, those will
(05:00):
have those twenty five percent tariffs placed upon them upon
coming into the US if those autos are indeed manufactured
outside the US.
Speaker 3 (05:09):
Now, this letter that he sent to these twelve nations,
I believe it was John did what exactly did the
letter state? What did it threaten?
Speaker 4 (05:19):
Well, it's not an outward threat, but it's essentially saying,
if you don't reach a trade deal with the United
States by August first, those so called reciprocal tariffs that
the President announced on April the second will then be
applied to all of those goods from those countries coming
into the United States. So pressure is obviously being applied
(05:42):
on them to reach a trade deal. The President and
those who speak on his behalf at one point announced
there would be ninety trade deals announced in ninety days.
That hasn't even come close to happening. There have been
a few, but their frameworks of deals. The UK comes
to mind just the other day via it was announced
a trade deal involving the United States. But that's a
(06:05):
far cry. You know of ninety deals in ninety days,
and they're literally well over one hundred trading partners of
the United States that are impacted by the president's tariffs policy.
Speaker 2 (06:15):
But John, digging into the details of those deals, you
mentioned Vietnam for the first time ever happening would be
the opening of their markets to the United States. I
mean that includes, you know, selling our products into Vietnam
with zero tariffs. That's a big deal.
Speaker 4 (06:31):
Well it is a big deal, but you know, it
also applies to demand. So if American products are indeed
coming into Vietnam, I don't know, you know, I don't
know if anybody knows with clear certainty what kind of
demanded there is for those American products. You know, they've
been used to getting products coming from China, for instance.
(06:52):
Are they going to now purchase the American version of
those products over the Chinese version. That's a wait and
see type of thing to see in the course of
the next few weeks, in the next few months. And
also we can tell, you know, we can tell because
there's a trade deficit that the US has with goods
coming from Vietnam, and maybe there'll be a leveling of
(07:16):
the playing field as it relates to that trade and
balance that the US has with some of these countries.
Speaker 3 (07:22):
Yeah, I found it interesting that part of that trade
deal with Vietnam also stated that other countries can't circumvent
the tariffs that have been placed on them by shipping
their products to Vietnam first and then exporting them to
the United States. But I think the elephant in the
room here is China. So where do we stand with China?
Speaker 4 (07:41):
Well, that's right, you know, it is the elephant in
the room. That's because that's America's biggest trade deficit trading partner.
Still no deal announced with China. China, those products coming
from China are faced with enormous tariffs being placed upon them,
and that I have so many goods, you know, when
you think about all the goods that we purchase at
(08:03):
places like Costco and Target and Walmart or on Amazon,
so many goods come from China, and those costs, those tariffs,
they're initially eaten by the importer of those products, but
then they're passed along to consumer with higher prices.
Speaker 2 (08:20):
Ninety four to three WS He's National correspondent John Decker,
China folded first go round in Trump's first term with
the tariff for wars. Where do we see this going?
If we try to read the tea leaves here, what's
the hold up?
Speaker 4 (08:30):
Well, I you know, it's one of those things where
there has been no movement. You know, China feels they
can play the long game with the US. That's what
they're doing, That's what President She's doing. So for all
the pressure that President Trump has placed upon China, they're
not blinking at this point. It's it's a high sticks
game of chicken, and you know, we'll see ultimately, you know,
if the US comes out on top. The president believes
(08:52):
that the US ultimately will come out on top. China
obviously sees it very differently.
Speaker 3 (08:57):
Well, John, thanks for the update this morning. We'll check
out with you again tomorrow morning. Matt, you said that
you're a fiscal conservative, but you think this is being
handled wrong.
Speaker 5 (09:06):
Yeah.
Speaker 6 (09:07):
I've got a two main points, and I'd like to
just consider this in the context of one of my
favorite quotes briefly, which is people don't have ideology. Ideology
has people if you go back, So two things on debt.
One on terrorists. If you go back to the first
Trump administration, we increase the national debt perclation by any
(09:28):
one term president in history before we started spending a
dime on COVID. So this is not a physical conservative,
this bill that just passed.
Speaker 3 (09:37):
Listen.
Speaker 6 (09:38):
I hate DEI I hate will culture, I hate what
the Democrats have done to this country. But this person
is not a physical conservative. We've got sycophants in Congress
who just do whatever he says that they should do.
We're pretending like this bill is going to help the
middle class and lower classes. It's not. It's we're blowing
up our debt. And I'm a one voter person where
(10:01):
I think if we don't fix our debt crisis, all
these other issues we talk about are completely irrelevant. We
lose our society, we lose the wealth of our nation,
and we're going the wrong way with this. And then
second point on tariffs that you know one hundred percent
on China, but China is doing what they've done to
our country, the trade policies, the slave labor, one hundred percent.
(10:23):
How we're handling our allies though, I just think from
a geostrategic position, we're in a great time of change,
and I don't agree with how it's being handled. And
I think we need our allies, and I think that
the tariffs are just attacks on us, and I think
most people in administration agree. His handlers in the first
administration kept them from his greater demons, and he doesn't
(10:44):
have those people. He has yes men, and he has
sick affairs. And that's my comment.
Speaker 3 (10:49):
Well, I appreciated Matt, you know, and to your point, though,
some of these economists are coming around that said that,
you know, the tariffs are horrible for the US consumer,
and we're going to pay the prices. It's going to
going to cause all this inflation. And I wish I
could remember the gentleman's name, but he was one of
the most outspoken critics of all of this, and he
(11:09):
came out the other day and said, well, let me
you know, I've been proven wrong and I've shifted my
thinking on this. And that's an too. But you can
you can only do so much if you want to
remain true to fiscal conservancy. I would pose the question,
(11:29):
does that leave you in a better place than letting
these And it's not the president that's spending all this money.
By the way because the president doesn't spend money. It's
Congress that's doing this, both houses. So do you stick
to your fiscal true, he.
Speaker 4 (11:46):
Pushed it through.
Speaker 6 (11:46):
He pushed his bill through. And also, the average retail
item in the United States, it's just on a shelf
for ninety days before it's purchase. We haven't even begun
to feel the inflation from this yet. And I listened
to a lot of giostral this and a lot of economists,
and almost all of them are a conservative. Of course,
I can find a few that say, yeah, you know,
I'm going to go along with Trump. A lot of
(12:08):
people have gone along with Trump. A lot of people
are sick of fans right now. This is a scary
time and the debt is a real problem. And like Kelly,
you talked about the dollar deflating. The dollars deflated more
in the last six months as a percentage than it
has since nineteen seventy three. Trump's economy and policies is
deflating our dollar. Some of these things do you blame
on the Democrats? I agree with you guys, like the
(12:29):
things you say about the Democrats. I don't have a
single disagreement. The problem is a lot of what Trump
is doing are those same things that you're blaming on
the Democrats, or he does the same thing as the Democrats.
He he is blowing up our deficit. This is this
is already unsustainable. Well, Matt, Bill is going to do well,
going to destroy our country.
Speaker 3 (12:48):
Back to the original question, though, you can't always have
it your way one hundred percent. So he wanted to
get his tax cuts through, and I'm just posing the question.
He wanted to get his tax cuts through. He wanted
more money for border security and for the military. So
at what point do you compromise and what do you compromise?
And and it's the it's Congress that controls the purse
(13:10):
strings and won't get those things done without spending trillions
of more dollars.
Speaker 6 (13:16):
I don't think that's true. I don't think it's true
that you need this much pork. I mean, conservatives used
to rail against.
Speaker 3 (13:22):
My point is is that that's my point, hold on, Matt,
that is my point, that we don't need all that pork.
And they added that instead of getting the tax cuts done,
and instead of funding the military properly, and instead of
giving more money to border security, they always lob all
this other stuff in there for their donors and for
(13:46):
their you know, constituency, and so they can say they
brought home the bacon. So yes, I agree, we don't
need all of that. But what do you do? So
do you stand by your do you stand by your
fiscal conserva and see and say, well, then I'm just
going to lose and we're not going to get anything done.
Speaker 2 (14:04):
And you lose ten thousand dollars out of your paycheck
each and every day, because that's what we would have
faced the largest tax increase in American history.
Speaker 6 (14:14):
We're we're losing far greater than that in inflation over
time out of the spending power that we have. And
I don't disagree with you. I don't disagree so far
as the pork. I don't disagree that the tax cuts
had to go through. But at some point we have
a physically have a structural problem. You cannot cut enough
money off even though you get rid of all the pork.
And we're still in the debt scenario. We're still four
(14:37):
or five percent over GDP in our in our year
on ear debt and we're seven percent right now. So
there are structural things that have to happen that the
tax code has to change, like there are real reforms
that need to take place, and we need a real
reform or gus. My point to you, guys is, let's
stop pretending that Trump is what we're what we're building
him up to be. He's not a physical conservative. His
(14:58):
bills buy and large. Again, guys, fact, you can look
this up. He's We've spent more money increasing our debt
during his time as presidency as any other president in
American history adjusted for inflation. These are facts, like you
and I agree with everything you say, but it just
doesn't make my points invalid. Like the enemy of your
enemy is not always your friend, like we've made Donald
(15:20):
Trump is the enemy of the DNC. I get it,
I get it. I want somebody to stand up for
the DNC and show him how stupid they are, but
not not in the way he's doing it, Like this
is embarrassing. Like again, who is the physical conservative? Who
who is the physical conservative on the national stage. And
I'll tell you one thing is embarrassing. Some of the
Elon mush Elon Musk and Donald Trump both have the
(15:40):
mentality of a twelve year old school girl. I mean,
they're both embarrassing. They're both the egomaniacs. But if Elon
Musk starts a party and their only real platform is like,
We're gonna get away from the social the social stuff
is ruining our country.
Speaker 3 (15:54):
All Right, we gotta dump you there, Matt, because you've
you gotta watch your language. I understand, and you getting heated,
but you can't say that on the air. Man. I'm
not in total disagreement with what Matt was saying.
Speaker 2 (16:05):
Our national that's been a secure heat concern, yes, And
you know.
Speaker 3 (16:09):
In this inflation, this chicken little inflation, it hasn't materialized yet,
so maybe it will, and maybe that's a valid point.
But so far this year, if you go back to January,
inflation's at a rate between one and two percent. So
inflation is not out of control and this is not
caused runaway inflation. Maybe it will down the line, but
(16:30):
it hasn't yet.
Speaker 2 (16:31):
We had a quick talkback caller said, we have to
grow our economy first before cutting ourselves out of debt. Greg,
do you agree? Thanks for hanging on the line.
Speaker 5 (16:39):
Good morning, Yeah, I do, And I just wanted to comment,
you know, like I'm Matt. He had some valid points
about the spending. But you got to put yourself in
Trump's shoes. I mean, he doesn't control the spending. However,
he has to negotiate with basically five hundred prostitutes because
that's all Congress is. They're just exchanging stuff for themselves
for money. So you know, it's kind of hard to
(17:00):
cut the debt down when you're dealing with people who
are only in it for themselves.
Speaker 2 (17:04):
Anyway.
Speaker 3 (17:06):
Well, that's right, they are.
Speaker 2 (17:08):
That's great, there are.
Speaker 7 (17:09):
Nothing, but there are nothing but prostitute. They're just you know,
they're trading one service for money. It's horrible. And the
only way to change that is not through the ballot box.
I mean, we did this once, but I don't know
if America has stomach to ever do that again. So
that's not going to change through the ballot box.
Speaker 3 (17:25):
You have to deal. Well, Well, Matt had complained that,
you know, Trump is not a fiscal conservative and that
he's taking us down a dark road, and several people
pointed out, well, he never ran on the platform of
being a fiscal conservative. I mean, you know, but you know,
my point to Matt was, and I don't think that
he answered this adequately. I'm like, if you're negotiating what
(17:48):
hill are you going to die on? And that's the
thing with any which side in politics, you can't get
your way one hundred percent of the time, and you
have to negotiate and you have to be will in
to compromise to get the things done that you want
to get done. And unfortunately, as you said, we have
a whole Congress, both sides, the Senate and the House
that's full of a bunch of prostitutes that can't stop
(18:12):
themselves from spending money and paying off their donors one
way or the other.
Speaker 6 (18:16):
You got to pick your poison.
Speaker 2 (18:17):
Well, and he picked the side of the American worker there.
You know, he's considering this blue collar boom, bigger paychecks.
I mean, we needed the historic tax relief, and look
at the workers and the elderly, whether you know the
tax bricks for seniors. They need it. Yes, people are
hurting out here, but we need ten grand back in
our pockets versus ten more taken out.
Speaker 6 (18:38):
Make the money.
Speaker 7 (18:39):
Then you got to pay off the debt, that's for sure.
Speaker 3 (18:42):
Yeah, And I mean we do have to get around
to paying off the debt, but that's always a tough job.
And you know how many fiscal conservatives do we know
of and how popular are they? I don't remember any
one running for president, to tell you the truth. And
you have Ran Paul, who I think deserves the most
gravitazed for it and the most credit for it. You
(19:04):
have a couple of other ones, Thomas Massey and some
other people. I'm still kind of on the fence on them,
and I'm not so sure that they're so fiscally conservative
or whether they're just narcissistic and you want to call
attention to themselves and be standouts. So any which way,
you know, politics is an ugly business. Good Tuesday morning
(19:25):
to you. I hope you're doing well this morning. Stay
safe out on the roadways. I'm glad that you're with
us this morning. So how many hot dogs did you
eat over the Fourth of July weekend? I had two?
I think. Joey Chestnut is once again the Nathan's Hot
Dog Eating Contest champion. He ate seventy and a half
hot dogs in ten minutes to reclaim the throne after
(19:47):
missing last year's contest due to controversy over a sponsorship
deal with Impossible Foods. His total came up short of
his world record of seventy six hot dogs in ten minutes.
This is the seventeenth time Chestnut has won the Fourth
of July eating competition. Meanwhile, on the women's side, defending
champion Mickey pseudo ate thirty three hot dogs in buns
(20:11):
in ten minutes, claiming her eleventh title.
Speaker 2 (20:15):
And neither one of them are morbidly obese, like they
look normal or even on the thin side. I don't
understand how they do. How do you physically eat seventy
plus hot dogs and buns?
Speaker 3 (20:25):
Well? I did notice you need a great big mouth.
I'm not even joking. What's the straps?
Speaker 2 (20:33):
Is your jaw come unhinged? Is your stomach the size
of a VW Van a bus?
Speaker 5 (20:39):
Like?
Speaker 2 (20:39):
I don't get this.
Speaker 3 (20:42):
I mean you would have to, I would guess. I
mean you're not even chewing it, right, I mean maybe
a couple or choose for each hot dog.
Speaker 2 (20:53):
Oh man, I'm just trying. I can't help but think
of following this all the way throughout the other end
type thing like what are you doing to your body?
Speaker 3 (21:03):
Well, competitive eating has become a sport I know.
Speaker 2 (21:06):
In the I don't know. How could you not chew
a hot dog and seventy and a half of them.
Speaker 3 (21:14):
Oh man, you are set me up to get in
trouble yim. Well, there's some certain genre of movies out
there that can prove to you, my mic that it
can be done. Let's just put it that way.
Speaker 2 (21:35):
So what do they win? They win a yellow belt? Like,
how long are we going to be? Joey Chestnut? Okay?
Is there anyone else out there could come even close
to the sky, like, take your yellow belt and go?
Are we done with this? He's getting kind of old
out here, long in the tooth.
Speaker 3 (21:50):
Oh so now you want to get rid of Joey Chestnut.
Speaker 2 (21:52):
Well, I don't know. Is there anyone who in the
world really would want this title? I suppose he really
is into.
Speaker 3 (21:59):
His There's several people that want the title. And actually
they even have, you know, on like Sports World and
things like that, they have competitive eating events.
Speaker 2 (22:09):
But no one can touch his Wiener account.
Speaker 4 (22:14):
No.
Speaker 3 (22:15):
Seventy six is the record. That's a lot of hot dogs,
and I'm still curious on how many choose each one
gets or do they just swallow them whole.
Speaker 2 (22:29):
Some of them have revealed some of their strategy. I
think it was one of the gals who were competing.
I don't have her name in front of me, but
they were talking about dipping the you made. If you
watch it, I mean, I can't stomach it. It's just
so watching someone gorge themselves on that much food, that
fat quickly. It's just it's off putting to me. But
they will soak the buns and I don't know if
(22:51):
that you would think it'd make it. It makes it
easier to swallow the bread. But yeah, I don't know,
maybe not well.
Speaker 3 (23:02):
He walked away with ten grand in the yellow mustard belt.
Speaker 1 (23:07):
Thanks for listening to the Charleston Morning News podcast. Catch
Kelly and Blaze weekday mornings from six to nine
Traffic and weather every ten minutes. This is Charleston's Morning
News with Kelly and plays on ninety four to three WUSC.
Speaker 2 (00:12):
Well, good Tuesday morning. It is eighth five here on
ninety four to three WSC.
Speaker 3 (00:18):
President Trump says Japan and South Korea Korea will be
hit with the twenty five percent import tariff starting next month.
He sent letters to a number of countries with take
it or leave at tariff offers and shared the letters
to Japan and South Korea on truth. Social Treasury Secretary
Scott Besson says tariffs that were paused for negotiating will
(00:39):
take effect to August first for those twelve countries. Besson
said Trump's letters say that if you don't move things along,
then on August first, you will boomerang back to a
higher tariff level. Besson added he expects to see several
big announcements over the next couple of days about trade deals.
The Dow Jones industrial average lost on hundred and twenty
(01:00):
two points following that news.
Speaker 2 (01:04):
Well, no surprise, the stock markets are, you know, bit jittery.
On the other hand, let this play out continue to
remind everybody the first Trump administration we won, we were
on the right side of this. When he pushed back
with tariffs, China came to the table. We brought billions
of dollars into our coffers. And now this is even
on a much larger scale. So they've got to put
(01:27):
the heat on somewhere to get these people to get
to the table. They can't just keep sending out letters.
And there are plenty of be annoying me wrong. There
are plenty of people who lined up immediately to strike
deals with the US.
Speaker 3 (01:39):
Well, he's trying to force the hand of these twelve
countries to come to the negotiating table. And you have
to be a man of your word. If you're going
to threaten something, you have to follow through.
Speaker 2 (01:51):
Well, and we know that President Trump indeed does that,
has a track record as I just laid out that
proves it. So we'll see. We'll say, if there's any
kind of price raising, let's just say that some decide
to wear cement shoes and not move on this it.
You know, Trump will be blamed for it at the
(02:13):
end of the day, How will it really affect you
and your buying power? So far, has any of this
affected you know, some huge exorbitant you know, price increase
in anything that you've seen when you're out there shopping.
Speaker 3 (02:28):
I mean, I can't say I paid that much attention.
I just know that I complain every time I come
home from the store that prices have gone up again.
Speaker 2 (02:36):
My god, It's been that way for you know, increasing
prices of everything over the lat you know, since the
previous administration, since COVID struck all of that. The economy
is in a we've been in a tailspin for quite
some time, the devaluing of our dollar. Good lord, something's
got to give. This president is trying to fix it.
Speaker 3 (03:00):
Well, I would argue he has to do it quickly
or he's going to lose support.
Speaker 2 (03:06):
Well, this is what the whole holding the feet of
the fire is all about. I mean, you've got to
put deadlines down so we shall see. And this wasn't
broken overnight when it comes to our economy, and it's
not going to be fixed overnight.
Speaker 3 (03:20):
Well I understand all that, but you know, people are hurting,
and they're only going to have so much patience. And
they elected him because they were hurting and they need
to start seeing some results in their pocketbook. So you know,
they'll argue that the big beautiful Bill is going to
go a long way with that. We'll see. And you know,
I'm not attacking him or picking on him. I'm just
(03:43):
saying that people are fickle and they don't necessarily say, well,
it took years to break this, so I'm going to
give it years to fix it. No, they want results
right away, and they expect to see them right away,
and if they don't get them right away, then that's
going to be political trouble for this president in this administration. So,
(04:06):
as we just heard, President Trump's turning his attention to
trade as a critical tariff deadline looms ninety four to three.
WSC White House correspondent John Decker has more details on
the story.
Speaker 4 (04:18):
Hey, good morning to you. Yes, the President announcing yesterday
that he's extending that deadline. It was supposed to be
July ninth for reaching a trade deal with the United
States and now it's August the first, and the President
may give further indication into what he's thinking and what
trade deals may be announced in the coming days or
weeks during a cabinet meeting that'll have in just a
(04:39):
few hours at the White House. The President also announcing
higher tariff on fourteen different countries, including Japan and South Korea,
meaning those twenty five percent tariffs will be applied to
any Japanese or South Korean good coming into the US.
You think about Japanese autos or Korean autos, those will
(05:00):
have those twenty five percent tariffs placed upon them upon
coming into the US if those autos are indeed manufactured
outside the US.
Speaker 3 (05:09):
Now, this letter that he sent to these twelve nations,
I believe it was John did what exactly did the
letter state? What did it threaten?
Speaker 4 (05:19):
Well, it's not an outward threat, but it's essentially saying,
if you don't reach a trade deal with the United
States by August first, those so called reciprocal tariffs that
the President announced on April the second will then be
applied to all of those goods from those countries coming
into the United States. So pressure is obviously being applied
(05:42):
on them to reach a trade deal. The President and
those who speak on his behalf at one point announced
there would be ninety trade deals announced in ninety days.
That hasn't even come close to happening. There have been
a few, but their frameworks of deals. The UK comes
to mind just the other day via it was announced
a trade deal involving the United States. But that's a
(06:05):
far cry. You know of ninety deals in ninety days,
and they're literally well over one hundred trading partners of
the United States that are impacted by the president's tariffs policy.
Speaker 2 (06:15):
But John, digging into the details of those deals, you
mentioned Vietnam for the first time ever happening would be
the opening of their markets to the United States. I
mean that includes, you know, selling our products into Vietnam
with zero tariffs. That's a big deal.
Speaker 4 (06:31):
Well it is a big deal, but you know, it
also applies to demand. So if American products are indeed
coming into Vietnam, I don't know, you know, I don't
know if anybody knows with clear certainty what kind of
demanded there is for those American products. You know, they've
been used to getting products coming from China, for instance.
(06:52):
Are they going to now purchase the American version of
those products over the Chinese version. That's a wait and
see type of thing to see in the course of
the next few weeks, in the next few months. And
also we can tell, you know, we can tell because
there's a trade deficit that the US has with goods
coming from Vietnam, and maybe there'll be a leveling of
(07:16):
the playing field as it relates to that trade and
balance that the US has with some of these countries.
Speaker 3 (07:22):
Yeah, I found it interesting that part of that trade
deal with Vietnam also stated that other countries can't circumvent
the tariffs that have been placed on them by shipping
their products to Vietnam first and then exporting them to
the United States. But I think the elephant in the
room here is China. So where do we stand with China?
Speaker 4 (07:41):
Well, that's right, you know, it is the elephant in
the room. That's because that's America's biggest trade deficit trading partner.
Still no deal announced with China. China, those products coming
from China are faced with enormous tariffs being placed upon them,
and that I have so many goods, you know, when
you think about all the goods that we purchase at
(08:03):
places like Costco and Target and Walmart or on Amazon,
so many goods come from China, and those costs, those tariffs,
they're initially eaten by the importer of those products, but
then they're passed along to consumer with higher prices.
Speaker 2 (08:20):
Ninety four to three WS He's National correspondent John Decker,
China folded first go round in Trump's first term with
the tariff for wars. Where do we see this going?
If we try to read the tea leaves here, what's
the hold up?
Speaker 4 (08:30):
Well, I you know, it's one of those things where
there has been no movement. You know, China feels they
can play the long game with the US. That's what
they're doing, That's what President She's doing. So for all
the pressure that President Trump has placed upon China, they're
not blinking at this point. It's it's a high sticks
game of chicken, and you know, we'll see ultimately, you know,
if the US comes out on top. The president believes
(08:52):
that the US ultimately will come out on top. China
obviously sees it very differently.
Speaker 3 (08:57):
Well, John, thanks for the update this morning. We'll check
out with you again tomorrow morning. Matt, you said that
you're a fiscal conservative, but you think this is being
handled wrong.
Speaker 5 (09:06):
Yeah.
Speaker 6 (09:07):
I've got a two main points, and I'd like to
just consider this in the context of one of my
favorite quotes briefly, which is people don't have ideology. Ideology
has people if you go back, So two things on debt.
One on terrorists. If you go back to the first
Trump administration, we increase the national debt perclation by any
(09:28):
one term president in history before we started spending a
dime on COVID. So this is not a physical conservative,
this bill that just passed.
Speaker 3 (09:37):
Listen.
Speaker 6 (09:38):
I hate DEI I hate will culture, I hate what
the Democrats have done to this country. But this person
is not a physical conservative. We've got sycophants in Congress
who just do whatever he says that they should do.
We're pretending like this bill is going to help the
middle class and lower classes. It's not. It's we're blowing
up our debt. And I'm a one voter person where
(10:01):
I think if we don't fix our debt crisis, all
these other issues we talk about are completely irrelevant. We
lose our society, we lose the wealth of our nation,
and we're going the wrong way with this. And then
second point on tariffs that you know one hundred percent
on China, but China is doing what they've done to
our country, the trade policies, the slave labor, one hundred percent.
(10:23):
How we're handling our allies though, I just think from
a geostrategic position, we're in a great time of change,
and I don't agree with how it's being handled. And
I think we need our allies, and I think that
the tariffs are just attacks on us, and I think
most people in administration agree. His handlers in the first
administration kept them from his greater demons, and he doesn't
(10:44):
have those people. He has yes men, and he has
sick affairs. And that's my comment.
Speaker 3 (10:49):
Well, I appreciated Matt, you know, and to your point, though,
some of these economists are coming around that said that,
you know, the tariffs are horrible for the US consumer,
and we're going to pay the prices. It's going to
going to cause all this inflation. And I wish I
could remember the gentleman's name, but he was one of
the most outspoken critics of all of this, and he
(11:09):
came out the other day and said, well, let me
you know, I've been proven wrong and I've shifted my
thinking on this. And that's an too. But you can
you can only do so much if you want to
remain true to fiscal conservancy. I would pose the question,
(11:29):
does that leave you in a better place than letting
these And it's not the president that's spending all this money.
By the way because the president doesn't spend money. It's
Congress that's doing this, both houses. So do you stick
to your fiscal true, he.
Speaker 4 (11:46):
Pushed it through.
Speaker 6 (11:46):
He pushed his bill through. And also, the average retail
item in the United States, it's just on a shelf
for ninety days before it's purchase. We haven't even begun
to feel the inflation from this yet. And I listened
to a lot of giostral this and a lot of economists,
and almost all of them are a conservative. Of course,
I can find a few that say, yeah, you know,
I'm going to go along with Trump. A lot of
(12:08):
people have gone along with Trump. A lot of people
are sick of fans right now. This is a scary
time and the debt is a real problem. And like Kelly,
you talked about the dollar deflating. The dollars deflated more
in the last six months as a percentage than it
has since nineteen seventy three. Trump's economy and policies is
deflating our dollar. Some of these things do you blame
on the Democrats? I agree with you guys, like the
(12:29):
things you say about the Democrats. I don't have a
single disagreement. The problem is a lot of what Trump
is doing are those same things that you're blaming on
the Democrats, or he does the same thing as the Democrats.
He he is blowing up our deficit. This is this
is already unsustainable. Well, Matt, Bill is going to do well,
going to destroy our country.
Speaker 3 (12:48):
Back to the original question, though, you can't always have
it your way one hundred percent. So he wanted to
get his tax cuts through, and I'm just posing the question.
He wanted to get his tax cuts through. He wanted
more money for border security and for the military. So
at what point do you compromise and what do you compromise?
And and it's the it's Congress that controls the purse
(13:10):
strings and won't get those things done without spending trillions
of more dollars.
Speaker 6 (13:16):
I don't think that's true. I don't think it's true
that you need this much pork. I mean, conservatives used
to rail against.
Speaker 3 (13:22):
My point is is that that's my point, hold on, Matt,
that is my point, that we don't need all that pork.
And they added that instead of getting the tax cuts done,
and instead of funding the military properly, and instead of
giving more money to border security, they always lob all
this other stuff in there for their donors and for
(13:46):
their you know, constituency, and so they can say they
brought home the bacon. So yes, I agree, we don't
need all of that. But what do you do? So
do you stand by your do you stand by your
fiscal conserva and see and say, well, then I'm just
going to lose and we're not going to get anything done.
Speaker 2 (14:04):
And you lose ten thousand dollars out of your paycheck
each and every day, because that's what we would have
faced the largest tax increase in American history.
Speaker 6 (14:14):
We're we're losing far greater than that in inflation over
time out of the spending power that we have. And
I don't disagree with you. I don't disagree so far
as the pork. I don't disagree that the tax cuts
had to go through. But at some point we have
a physically have a structural problem. You cannot cut enough
money off even though you get rid of all the pork.
And we're still in the debt scenario. We're still four
(14:37):
or five percent over GDP in our in our year
on ear debt and we're seven percent right now. So
there are structural things that have to happen that the
tax code has to change, like there are real reforms
that need to take place, and we need a real
reform or gus. My point to you, guys is, let's
stop pretending that Trump is what we're what we're building
him up to be. He's not a physical conservative. His
(14:58):
bills buy and large. Again, guys, fact, you can look
this up. He's We've spent more money increasing our debt
during his time as presidency as any other president in
American history adjusted for inflation. These are facts, like you
and I agree with everything you say, but it just
doesn't make my points invalid. Like the enemy of your
enemy is not always your friend, like we've made Donald
(15:20):
Trump is the enemy of the DNC. I get it,
I get it. I want somebody to stand up for
the DNC and show him how stupid they are, but
not not in the way he's doing it, Like this
is embarrassing. Like again, who is the physical conservative? Who
who is the physical conservative on the national stage. And
I'll tell you one thing is embarrassing. Some of the
Elon mush Elon Musk and Donald Trump both have the
(15:40):
mentality of a twelve year old school girl. I mean,
they're both embarrassing. They're both the egomaniacs. But if Elon
Musk starts a party and their only real platform is like,
We're gonna get away from the social the social stuff
is ruining our country.
Speaker 3 (15:54):
All Right, we gotta dump you there, Matt, because you've
you gotta watch your language. I understand, and you getting heated,
but you can't say that on the air. Man. I'm
not in total disagreement with what Matt was saying.
Speaker 2 (16:05):
Our national that's been a secure heat concern, yes, And
you know.
Speaker 3 (16:09):
In this inflation, this chicken little inflation, it hasn't materialized yet,
so maybe it will, and maybe that's a valid point.
But so far this year, if you go back to January,
inflation's at a rate between one and two percent. So
inflation is not out of control and this is not
caused runaway inflation. Maybe it will down the line, but
(16:30):
it hasn't yet.
Speaker 2 (16:31):
We had a quick talkback caller said, we have to
grow our economy first before cutting ourselves out of debt. Greg,
do you agree? Thanks for hanging on the line.
Speaker 5 (16:39):
Good morning, Yeah, I do, And I just wanted to comment,
you know, like I'm Matt. He had some valid points
about the spending. But you got to put yourself in
Trump's shoes. I mean, he doesn't control the spending. However,
he has to negotiate with basically five hundred prostitutes because
that's all Congress is. They're just exchanging stuff for themselves
for money. So you know, it's kind of hard to
(17:00):
cut the debt down when you're dealing with people who
are only in it for themselves.
Speaker 2 (17:04):
Anyway.
Speaker 3 (17:06):
Well, that's right, they are.
Speaker 2 (17:08):
That's great, there are.
Speaker 7 (17:09):
Nothing, but there are nothing but prostitute. They're just you know,
they're trading one service for money. It's horrible. And the
only way to change that is not through the ballot box.
I mean, we did this once, but I don't know
if America has stomach to ever do that again. So
that's not going to change through the ballot box.
Speaker 3 (17:25):
You have to deal. Well, Well, Matt had complained that,
you know, Trump is not a fiscal conservative and that
he's taking us down a dark road, and several people
pointed out, well, he never ran on the platform of
being a fiscal conservative. I mean, you know, but you know,
my point to Matt was, and I don't think that
he answered this adequately. I'm like, if you're negotiating what
(17:48):
hill are you going to die on? And that's the
thing with any which side in politics, you can't get
your way one hundred percent of the time, and you
have to negotiate and you have to be will in
to compromise to get the things done that you want
to get done. And unfortunately, as you said, we have
a whole Congress, both sides, the Senate and the House
that's full of a bunch of prostitutes that can't stop
(18:12):
themselves from spending money and paying off their donors one
way or the other.
Speaker 6 (18:16):
You got to pick your poison.
Speaker 2 (18:17):
Well, and he picked the side of the American worker there.
You know, he's considering this blue collar boom, bigger paychecks.
I mean, we needed the historic tax relief, and look
at the workers and the elderly, whether you know the
tax bricks for seniors. They need it. Yes, people are
hurting out here, but we need ten grand back in
our pockets versus ten more taken out.
Speaker 6 (18:38):
Make the money.
Speaker 7 (18:39):
Then you got to pay off the debt, that's for sure.
Speaker 3 (18:42):
Yeah, And I mean we do have to get around
to paying off the debt, but that's always a tough job.
And you know how many fiscal conservatives do we know
of and how popular are they? I don't remember any
one running for president, to tell you the truth. And
you have Ran Paul, who I think deserves the most
gravitazed for it and the most credit for it. You
(19:04):
have a couple of other ones, Thomas Massey and some
other people. I'm still kind of on the fence on them,
and I'm not so sure that they're so fiscally conservative
or whether they're just narcissistic and you want to call
attention to themselves and be standouts. So any which way,
you know, politics is an ugly business. Good Tuesday morning
(19:25):
to you. I hope you're doing well this morning. Stay
safe out on the roadways. I'm glad that you're with
us this morning. So how many hot dogs did you
eat over the Fourth of July weekend? I had two?
I think. Joey Chestnut is once again the Nathan's Hot
Dog Eating Contest champion. He ate seventy and a half
hot dogs in ten minutes to reclaim the throne after
(19:47):
missing last year's contest due to controversy over a sponsorship
deal with Impossible Foods. His total came up short of
his world record of seventy six hot dogs in ten minutes.
This is the seventeenth time Chestnut has won the Fourth
of July eating competition. Meanwhile, on the women's side, defending
champion Mickey pseudo ate thirty three hot dogs in buns
(20:11):
in ten minutes, claiming her eleventh title.
Speaker 2 (20:15):
And neither one of them are morbidly obese, like they
look normal or even on the thin side. I don't
understand how they do. How do you physically eat seventy
plus hot dogs and buns?
Speaker 3 (20:25):
Well? I did notice you need a great big mouth.
I'm not even joking. What's the straps?
Speaker 2 (20:33):
Is your jaw come unhinged? Is your stomach the size
of a VW Van a bus?
Speaker 5 (20:39):
Like?
Speaker 2 (20:39):
I don't get this.
Speaker 3 (20:42):
I mean you would have to, I would guess. I
mean you're not even chewing it, right, I mean maybe
a couple or choose for each hot dog.
Speaker 2 (20:53):
Oh man, I'm just trying. I can't help but think
of following this all the way throughout the other end
type thing like what are you doing to your body?
Speaker 3 (21:03):
Well, competitive eating has become a sport I know.
Speaker 2 (21:06):
In the I don't know. How could you not chew
a hot dog and seventy and a half of them.
Speaker 3 (21:14):
Oh man, you are set me up to get in
trouble yim. Well, there's some certain genre of movies out
there that can prove to you, my mic that it
can be done. Let's just put it that way.
Speaker 2 (21:35):
So what do they win? They win a yellow belt? Like,
how long are we going to be? Joey Chestnut? Okay?
Is there anyone else out there could come even close
to the sky, like, take your yellow belt and go?
Are we done with this? He's getting kind of old
out here, long in the tooth.
Speaker 3 (21:50):
Oh so now you want to get rid of Joey Chestnut.
Speaker 2 (21:52):
Well, I don't know. Is there anyone who in the
world really would want this title? I suppose he really
is into.
Speaker 3 (21:59):
His There's several people that want the title. And actually
they even have, you know, on like Sports World and
things like that, they have competitive eating events.
Speaker 2 (22:09):
But no one can touch his Wiener account.
Speaker 4 (22:14):
No.
Speaker 3 (22:15):
Seventy six is the record. That's a lot of hot dogs,
and I'm still curious on how many choose each one
gets or do they just swallow them whole.
Speaker 2 (22:29):
Some of them have revealed some of their strategy. I
think it was one of the gals who were competing.
I don't have her name in front of me, but
they were talking about dipping the you made. If you
watch it, I mean, I can't stomach it. It's just
so watching someone gorge themselves on that much food, that
fat quickly. It's just it's off putting to me. But
they will soak the buns and I don't know if
(22:51):
that you would think it'd make it. It makes it
easier to swallow the bread. But yeah, I don't know,
maybe not well.
Speaker 3 (23:02):
He walked away with ten grand in the yellow mustard belt.
Speaker 1 (23:07):
Thanks for listening to the Charleston Morning News podcast. Catch
Kelly and Blaze weekday mornings from six to nine
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