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April 9, 2025 21 mins
(April 09, 2025)
Trade war escalates as China hits back again at U.S. Feds launch task force to investigate California homelessness funds. Trump administration freezing billions in funding for universities.
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Episode Transcript

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Speaker 1 (00:00):
You're listening to bill Handle on demand from KFI AM
six forty bill handle here the tariffs I have kicked in.
I mean this said. The Retalia is wary tariffs.

Speaker 2 (00:12):
And the big story is China back and forth. China's
not backing down. And as of right now this moment,
one hundred and four percent against Chinese goods, eighty four
percent against American goods into China, and small business is
getting nailed.

Speaker 1 (00:30):
What do you do? Well? How about this?

Speaker 2 (00:32):
You have a company that imports cookware from China, Cookwaar
made out of stainless steel, and now we're talking about
two of the products and geographical locations that are at
the top of the heap, and how do you deal
with it? My partner, my friend Savil Kellner, and we

(00:52):
own Lake Industries, which imports cookware from China. Great Cookwaar,
phenomenal cookwear, Savo, why don't we start talking about the
benefits of our cook wear and how great it is?

Speaker 1 (01:03):
And now now we're not going to do that.

Speaker 2 (01:06):
What's going on? We talk about this every day? How
are we you? You run the business dealing with the
price of everything and the imports.

Speaker 3 (01:16):
Good morning Bill, It is so confusing. It's ridiculous. You know,
you just mentioned one hundred and four percent, and how
we get to that, of course, is the twenty percent
on the Fantinel deal, and then there was the thirty
four percent that the administration levied, which got us to
fifty four percent, and then of course last night the
other fifty percent came in, and that's one hundred and

(01:37):
four percent. What we didn't talk about and what we're
confused about, and confusion dominates the day, is the twenty
five percent tariff on stainless steel. Is that part of
the one hundred and four percent or is it over
and above? And the other interesting thing we just discovered
is there something called tariff stacking. So before we got

(02:01):
to one hundred and four and we were just at
the fifty four percent, if you started with a base
product cost for easy math of one hundred dollars, you
would add the twenty five percent Global stainless Deal tariff,
so that takes you to one hundred and twenty five
dollars one hundred plus the twenty five percent. Then you

(02:23):
add the fifty four percent on one hundred and twenty
five dollars. So it is so confusing. It is changing
each and every day. What are we doing. We're communicating
with our clients, our dealers in the United States, and
we're saying, look, this is changing, and we're going to

(02:43):
increase it or decrease it day to day. The best
thing we have done so far is, and I don't
think you and I have spoken about this, we're establishing
an FTC or a free trade zone in our building.
And that what that allows us to do right now,
and I recommend it for any small business. What allows

(03:03):
us to do is is defer two things. Number one,
defer tariffs. So when anything comes into our building, our
building is going to be officially designated as a free
trade zone. We will only play the tariffs once we
use the goods or ship the goods.

Speaker 2 (03:20):
The big wait, You're allowed to do that under policy
and law?

Speaker 1 (03:25):
Is that correct?

Speaker 3 (03:27):
Correct? It's under policy and law. And in Nevada it
used to be you used to have to be in
a designated geographical area. No more. You can actually apply
and it's quite an easy application, somewhere between four and
seven thousand dollars depending on circumstances, but you can apply

(03:47):
to have a free trade zone within your building. You
do need to separate that part of the building off,
probably with chain link and locked because CBP customers Customs
Board Up Protection can come in at any point in
time and take inventory. But that to first tariffs. The

(04:07):
best part for us as a company is every time
we reship something outside of the country, if we wanted
to get the duty we paid upfront back, we would
have to file a lot of forms they called the
duty drawback. We don't have to do that anymore, so
we don't pay the duty while it sits in the
FTC or the free trade zone, and we we complete

(04:33):
a form and saying we ship this to Canada, we
ship this to Mexico, which we.

Speaker 1 (04:37):
Let me interrupt for a moment.

Speaker 2 (04:38):
The complexity of this, dealing with the tariffs, not knowing
day to day establishing any end around. Are you spending
more time dealing with this and even the nuts and
bolts of importing and selling our product.

Speaker 3 (04:56):
I'm probably spending fifty to sixty percent of our day
doing that. We have to get creative, and the small
business person in America has to get creative or they're
going to go out of business. And by creative I
mean not circumventing the law by any means. You know,
last time we spoke, we were talking about Vietnam, if
you recall it, we were talking about Cambodia as options

(05:18):
to China. Those options are off the table because they're
up there already at forty six percent. What we're looking
at doing now is going back to the origin of
where you and I started working, which was South Korea,
because South Korea went back to the administration and played ball,

(05:38):
and it seems like if you play ball with this
current administration, they'll take care of you. So South Korea
is currently at a twenty five percent rate, where China
is at one hundred and four percent rate. The issue
is it changes hour by hour.

Speaker 1 (05:55):
Yeah.

Speaker 2 (05:55):
Can you imagine I was having a conversation and talking
about a twenty five san tariff as the best thing
in the world out there, the.

Speaker 1 (06:05):
Best way we could go.

Speaker 2 (06:06):
I mean, it is ridiculous to think about that, and
it's unbelievable.

Speaker 3 (06:11):
It is unbelievable. I don't know how people stay in business.

Speaker 2 (06:14):
Yeah, well you have to because you're making me money.
So spend the day, make me make me some money, please.

Speaker 3 (06:21):
Okay, that is that is number one on my list.

Speaker 2 (06:24):
M Saville Kellner my partner, my dear friend, and we've
been partners for what eighteen years already.

Speaker 3 (06:32):
Yeah, it's been too long.

Speaker 1 (06:33):
Yeah, it's been way too long. All right, thanks Savil.
All Right, I want to talk about homelessness.

Speaker 2 (06:38):
Now. Homelessness used to be the biggest issue out there.
Matter of fact, the governor ran on a homelessness issue,
Gavin Newsom. Karen Bass became mayor on the back of
the homeless issue. Paul Caruso ran against her. It was
a homeless issue and that was the number one issue
that California voters, Southern California voters thought about until, of course,

(07:01):
the economic freefall here and Donald Trump coming in and
changing everything. So let me tell you what's going on
at southern California. La. La County, particularly La City has
been accused of some really heinous accounting practices in terms
of the approach to homelessness. Karen Bass has her program

(07:24):
and that's Safe La and it is. It's done a
pretty good job, ten percent reduction in homelessness, and she
came into office. The problem is how much money is
it costing, where's the money going, where's the oversight?

Speaker 1 (07:39):
Is there fraud involved? Bill A.

Speaker 2 (07:43):
Saley if I have that pronounced correctly. Newly appointed US
Attorney for La announced the formation of a criminal task
force to investigate potential fraud and corruption involving the homelessness funds.
And the bottom line is there are millions, hundreds of
millions of dollars out there and we really don't know

(08:04):
how that money has been spent. At best, this is
pure negligence and lack of oversight. At worst, this is
corruption and criminal activity. And the US Attorney for La
Isie is saying, We're going to find out taxpayers serve

(08:24):
answers for where and how their hard earned money has
been spent. No kidding even to the point where La County,
which had been funding the city agency that's LA Housing,
what is the housing authority? A homeless services authority has
pulled three hundred million dollars because of the lack of accountability,

(08:47):
lack of reporting. Correctly, we don't know where the money
is going. I mean, it's that bad when La County,
this heavily invest in homelessness, pulls three hundred million dollars
from LA City based on the fact that money is
missing or money has been misspent, and no one really
knows one way or the other where it's gone. I

(09:09):
usually am not a big fan, particularly a big fan
of this administration using its powers to come in and
disrupt programs, disrupt entire divisions of government.

Speaker 1 (09:24):
I'm not a huge fan of that.

Speaker 2 (09:25):
However, in this case, you know, I'm surprised that it
hadn't been done before. And I'm going to give the
Trump administration big kudos on this one. And ASSAILI is
an interesting guy. He's a former state assembly member who
has just been appointed by the Attorney General to be
the US attorney in Los Angeles, and man, he has

(09:46):
been speaking out against what he called the homeless industrial
complex for years. He has looked at this as a moneymaker,
providing homeless services almost as an after after making the
money and hiring bureaucracies, and even to the point where
and this is I don't think just an accusation. It's

(10:07):
being thrown out there for political purposes. The federal judge
who has been involved in homelessness, David o'carter, has become
his Bailey Wick.

Speaker 1 (10:17):
This is his wheelhouse.

Speaker 2 (10:19):
This is who's known for dealing with homelessness here in
La La County, southern California.

Speaker 1 (10:24):
Orange County.

Speaker 2 (10:27):
He issued a scathing report about how the agencies are spending,
not spending and appropriately spending money. And our new US
Attorney's got to say people are going to go down
on this one, and I hope they are. I mean,
when you talk about how particularly vulnerable people are the homeless,

(10:48):
and they really don't know where to go, and I
know that there's a whole philosophy, well, they have to
pull themselves up by their bootstraps, and this is America,
and they have choices. There are a lot of people
that are homeless that are up in this homeless situation.
I'm going to talk about that coming up at seven
point fifty this morning. There's a story I want to
tell you about that that you probably haven't heard of.

(11:12):
There are people that just don't have the wherewithal, they
don't have the access. They're caught up in this. They
are incredibly vulnerable people. And the quote housing people that
are there for the benefit of the homeless, well, a
lot of money is being spent, a lot of money
is not being accounted for. And as the US Attorney
has said, a new guy head's going to roll. If

(11:35):
we find there's criminal accusation, heads are going to roll.
Heats and roll anyway, just because of negligence. I mean,
you hire someone, let's say you're in private business and yeah,
you're a division head or you're a CEO or somehow
you're a manager, and you hire someone that just is
completely negligent. How long does that person stay working for you?

(11:57):
You're out, You're gone, Donald Trump, You're fired.

Speaker 1 (12:03):
That's Donald Trump saying that on The Apprentice. By the way,
just in case you didn't get that.

Speaker 2 (12:07):
Okay, another little spin on the what's happening with the
Trump administration is the freezing of seven hundred and ninety
million dollars in federal funding, Northwestern University a billion dollars
to Coronell frozen, Harvard nine billion dollars.

Speaker 1 (12:26):
I mean, the list just goes on and on. And
why is this happening?

Speaker 2 (12:30):
Well, it's real simple, and that is as you know,
and again I have said, there's no agend, there's no
secret agenda with President Trump and the Trump administration. You
know exactly where he is going to go, you know
exactly he's going to follow his promises. And that's exactly
what has happened, certainly in terms of what he's attempting

(12:50):
to do and one of those is to unravel the
DEI programs around the country. He just doesn't want it
to happen. It's wokeness, political correctness. He's fought against it
for years. Also anti Semitism. Now he is as about
as pro Israeli as you can get. Jerry Kushner, his

(13:11):
son in law, is an Orthodox practicing Jew. He has
a lot of Jewish buddies and business partners over the years,
and he's a big fan of Israel. It's not simple
and does not like anti Semitism. I mean, one thing
he has been has not changed his mind on that

(13:32):
one in.

Speaker 1 (13:32):
Decades and decades.

Speaker 2 (13:34):
So the Trump administration is saying, under federal law, on
the Title six of the federal law dealing with discrimination,
guess what, I'm yanking the funding because these universities are discriminating. Well,
wait a minute, what do you mean discriminating. It's the

(13:56):
other way around, isn't it.

Speaker 3 (13:58):
No.

Speaker 2 (13:59):
What Trump is say saying is you are discriminating against
white people, and you are because you're pushing for DEI
diversity inclusion. Minorities are being given preference. That's illegal. You
can't do that. There has to be an even playing
field now, we can talk about what's even, what's not even.
We can talk about the history of how America has

(14:20):
treated minorities, particularly blacks. All of that is certainly open
for discussion and should be discussed. But right now, on
its face, here's the law no discrimination. And if you
have a program that says we are going to give
preference to minorities, to blacks, to gay people, that's illegal

(14:42):
under federal law Title six. And that is the argument
that's being used, is that these universities have enormous number
of DEI programs, and they do and anti semitism. That's
the other reason that money is being yanked, because the

(15:03):
argument is that they are at the forefront of anti
semitism in this country, pro Palestinian demonstrations, allowing pro Palestinians
to wear masks at demonstrator at demonstrations on campus so
they can't be recognized. The Trump administration is freezing seven
hundred and ninety million dollars in federal funding to Northwestern University,

(15:26):
a billion dollars to Cornell, nine billion dollars to Harvard,
freezing those funds. And why is that Because they're being
told get rid of your DEI programs and your acceptance
of anti semitism, and when you do get rid of those,
we'll talk about refunding the money or refunding your programs again.

Speaker 1 (15:51):
And of course the universities are.

Speaker 2 (15:53):
Just spinning because so much of what they do is
based on federal funding, the grants, the program I mean,
all of it is based on federal money.

Speaker 1 (16:04):
It's really surprising how.

Speaker 2 (16:05):
Much federal money goes into these universities. And so this
is all about DII programs. And there's two separate issues here.
One is allowing anti semitism on campus, which the universities
have in fact done, so you had the president of
Harvard had to resign in a couple of other universities
because of the allowing of these protests and not doing

(16:28):
enough to stop anti semitism, which, by the way, universities
have done that forever. Universities have been at the forefront
of the anti Semitic movement, or at least allowing of
anti semitism for years and years, and that we've known
about and because it's well, it's First Amendment, it's political freedom,

(16:48):
but it's always goes in that direction. The other one
is the DEI programs, and as that pissed off the administration.
We're done, the military, finished, corps, falling into line.

Speaker 1 (17:01):
Getting rid of their DEI programs.

Speaker 2 (17:03):
Schools, Well, let me give you an example of where
quote political correctness and the two were really tied in together.
I went to cal State Northridge, and now we're talking
in the seventies. Okay, mid seventies. I'm in cal State Northridge.
That's a lot of years ago. And I decided I
was going to take a Pan African course. I don't

(17:24):
know why, but I was crazy and decided, okay, I'm
interested in African studies. So I walked into the classroom.
I was the only white guy there. It was all
African American students. And those were the days of the Afros,
so you couldn't actually walk down any of the aisles
because the Afros were touching each other, and I had

(17:45):
to walk around the outside or the corners of the
classroom on the walls. And I remember walking into the
classroom and teacher hadn't been there yet, and in walks
the teacher, the professor full the shiki African garb, and

(18:07):
he writes his name on the board and whatever it was,
some African name that.

Speaker 1 (18:10):
He had.

Speaker 2 (18:13):
Accepted or that he has got he had that was
now using and one statement on the board, and it
started with the white man is the devil. Now.

Speaker 1 (18:28):
I lasted ten minutes.

Speaker 2 (18:29):
I got out of there, and I'm thinking, how does
a university allow this to happen.

Speaker 1 (18:36):
Where that kind of virulent.

Speaker 2 (18:40):
In this case, anti white sentiment is allowed, anti any
kind of sentiment, sentiment is allowed.

Speaker 1 (18:47):
Now, the argument was.

Speaker 2 (18:49):
That it was the pendulum swinging back, and in fact,
there are some real issues with the way black African
Americans were treated. Of course, there are some real issues,
slavery being the original sin of.

Speaker 1 (19:03):
The United States.

Speaker 2 (19:04):
The first black man to hit American shores was a slave.
I mean, there are some huge issues involved, but teaching
the how evil we are I am because of what happened,
and that's exactly what the Trump administration is saying, We're
done with that.

Speaker 1 (19:22):
That's for one.

Speaker 2 (19:23):
The other one is the entire DEI philosophy program.

Speaker 1 (19:28):
We're finished with that.

Speaker 2 (19:30):
It is the law says we have to treat everybody
the same, there will be no preference. The argument, of course,
and I had Jesse Jackson to make this argument when
I interviewed him, saying, you know, what we are We
minorities are given now we're given the benefit. We are
now getting better treatment than And why is that? Because
the pendulum has to swing back because it was so bad,

(19:53):
and the Trump.

Speaker 1 (19:53):
Administration is saying no.

Speaker 2 (19:55):
And so you have political correctness as far as this
administration is concerned.

Speaker 1 (20:00):
It's gone. It's gone.

Speaker 2 (20:02):
And we hear of people getting preference in terms of hiring,
in terms of education, in terms of scholarships. You know
it's going to all be married based. That's what the
Trump administration is saying. You're not going to have these
other programs out there.

Speaker 1 (20:17):
And so you.

Speaker 2 (20:17):
Now have Harvard losing nine billion dollars in federal funding.

Speaker 1 (20:24):
I mean, if I'm running Harvard, I'm spending on this one.

Speaker 2 (20:27):
I'm going way Wait a minute, Brown University half a
billion dollars, Princeton Columbia. I mean we're talking about all
manner of programs, not just DEI programs.

Speaker 1 (20:40):
I mean, stop federal funding period.

Speaker 2 (20:43):
Also, the ban on masks on campus because you had
these Ivy.

Speaker 1 (20:47):
League university.

Speaker 2 (20:50):
Schools allowing demonstrations on campus right not outside on campus,
with students allowed being covered up, their their faces being
covered up. Because that was hiding their illegality, and the
school was allowing that, and the Trump administration saying we're
done with that, We're finished.

Speaker 1 (21:09):
Do I agree with that? You bet you I do?

Speaker 2 (21:11):
All right, This is KFI AM six forty.

Speaker 1 (21:15):
You've been listening to The Bill Handle Show.

Speaker 2 (21:17):
Catch my Show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app

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