03-13-25 YMS White House Correspondent JON DECKER has the latest on the trade war as the European Union responds to tariffs.

White House Correspondent JON DECKER has the latest on the trade war as the European Union responds to tariffs. 

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Episode Transcript

Speaker 1 (00:00):
Previously on your Morning Show with Michael dil Jonah.

Speaker 2 (00:04):
White House correspondent John Decker is here to join us.
It's kind of like the Paula Abdul one step forward,
two steps back. Every day there's a story like yesterday
when Canada back down on the tariffs and electricity for
some American states, and then we have the Trade Union,
the European Union responding. So it's like, you know, you
take a step forward and you take a step back.

(00:26):
This was clearly a step back, right John.

Speaker 3 (00:28):
Well, that's right because so many American products are going
to be implicated because of these retaliatory terraffs, not only
coming from the European Union, but also from Canada. The
majority of the largest exporter of stealing aluminum to the
US is Canada. You think about the most popular vehicle
in this country in terms of sales, it's the Ford

(00:51):
F one fifty and the Ford F one fifty its
body made of aluminum. The price of a Ford F
one fifty is going to go up by four hundred
dollars because these retaliatory tariffs. And then you look at
the EU, they put tariffs on American poultry, American beef
Kentucky Bourbon blue jeans, even Harley Davidson motorcycles. The price

(01:12):
of those products in Europe is going to go up,
which will certainly impact demand for those products. So that's
what's happening, and that's immediate. The effect of that will
be seen as we look at various economic indicators over
the course of the next few months.

Speaker 2 (01:29):
It's amazing what's immedia today and then is gone tomorrow.
So that doesn't suggest that any of this is going
to be permanent, but it does suggest there's a pretty
heated negotiation going on. Or do you sense some of
these are going to start sticking and being permanent.

Speaker 3 (01:45):
No, I mean, look, I based upon what happened in
the President's first term, same thing happened. It's literally deja
vus as the President put tariffs on imported steel and aluminum,
and what did the EU do. They had retaliatory tariffs
and they were on the same products that they just
places tariffs on once again, including Harley Davidson motorcycles. So

(02:05):
each side, the US side, the EU side, they've returned
to the same playbook and they're you know, running the
same plays that they did in the first term of
President Trump.

Speaker 2 (02:15):
John Decker is our White House correspondent. John, all items
aren't the same. I mean, you know, at the end
of the day, after f one fifties four dollars more,
it's forty dollars more for vehicles that are already sixty
thousand dollars more than they were not so long ago.
But well, I'll tell you the one that worries me
the most, and that is lumber from Canada, because we

(02:36):
got a housing crisis and the biggest solution to the
housing crisis is going to be building more housing, and
we're going to need a lot of wood.

Speaker 3 (02:44):
Yeah, no, that's right. And where where does that lumber
come from? Where does that timber come from? Not all
of it, but a good chunk of it comes from Canada.
So the price of those new homes, the cost of
building those new homes is going to go up as well,
you know, estimate ten to fifteen thousand dollars because of
these tariffs. And you know, where does it end? How

(03:04):
does it end? I don't know, you know, no one
knows the answer to that. But we know that there
are additional tariffs that the President will impose that will
be on April the second. So the trade war as
it's being called, is not over yet. It's it's really
in the beginning stages. Yeah.

Speaker 2 (03:21):
The question is is this a result or is this
an ongoing negotiation and conversation and Holy time will tell John,
Thanks so much for joining us as always, great reporting.
Talk again tomorrow.

Speaker 1 (03:32):
Miss a little, miss a lot, miss a lot, and
we'll miss you. It's your morning show with Michael del Churno.