April 2, 2025 • 38 mins
On Wednesday, a day President Trump has been calling “Liberation Day, during an event in the White House Rose Garden, President Donald Trump announced his global “reciprocal” tariffs plan. Trump announced the U.S. will impose a 25% tariff on all foreign made automobiles, among other tariffs. Dan broke down more of Trump’s “reciprocal” tariffs on other countries. Democrats, along with some GOP support, are projected to rebuke President Trump’s tariff policy in an expected evening vote. How will these imposed tariffs affect the Stock Market, American businesses, and U.S. consumers? Do you take aim with the global tariffs and how they might impact you? Why or why not?
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
It's nice. I'm we're talking about Donald Trump's tariffs. Heuh.
He announced a lot of terriffs this afternoon, spoke for
about an hour. It was much more of a campaign
rally than it was anything else. And I'm getting your reaction.
(00:23):
It's as simple as that, these are gonna have big impacts.
If I look at the doll futures for tomorrow morning,
don't make you sick. It's as simple as that. But
he says he's in it for the long game. We
will see. Let's keep rolling here, see what other people
have to say. I'm gonna go next to Pete in
(00:43):
South Carolina. Pete, what's the mood in South Carolina? Tonight?
Speaker 2 (00:48):
Beautiful day. You could have played golf with just a
knife shirt on. Anyway, Are those.
Speaker 1 (00:54):
Fires finally out down there? Pete?
Speaker 2 (00:56):
By the way, Oh yeah, yeah, they're gone. They're gone, thankfult.
And we had some good rain up there. The Good
Lord took care of it too, along with the first responders. Okay,
I have two things that I don't understand. Number One,
the terriffs don't apply to Like, if let's say I
(01:16):
want to go out and buy a used or a
pre owner certified whatever word you want to use. Yeah, Mercedes, Right, Okay,
that's a foreign car. But it's already you know, did
it get past the terriff or is there a tariff on.
Speaker 1 (01:35):
A pre oh well with the car? No, when the
cars imported and was if the car's coming in from Germany? Uh,
and it's it's I don't know. Let's say it's a
it's a fifty thousand dollars or whatever. I don't know
what the price of a Mercedes is, but let's assume
it's a fifty dollars Mercedes. You you hit it with
(01:56):
a twenty five percent tariff. Now it's going to be
sixty two thousand dollars. That that's going to increase the
price of sixty two. Now if somebody sells that car,
and now's this on the used car market or you know,
it's a secondary car. There's no tariffs on something that
is sold internally.
Speaker 2 (02:15):
No, that's what I thought. Okay. Number two. If you
ever go to Charleston, South Carolina, and you take the
trolley tour, yeah, and they take you down by the
Port of Charleston. The biggest exporter of goods going out
of Charleston are the BMWs that they make here in
(02:39):
South Carolina and they go back to Germany to get
finished and then they can come back into the United
States as an imported car.
Speaker 1 (02:48):
How those would be tighted, I don't know, because if
they're coming back into the United States as a final product,
why would they not finish them here? Maybe they would
be incentive now now for the manufacturers to say finished.
I mean, what are they doing putting like some hold
on them?
Speaker 2 (03:06):
It's on over there, And I don't know. That's just
you know what we've heard a number of times when
we've had friends come in and we go up and
they want to see Charleston because it's a beautiful, historic town.
But the tour guide as all those traders that are
going over to Germany have BMW's in them, that they're
(03:29):
coming back once they're finished.
Speaker 1 (03:31):
Yeah, that's interesting to me. Why why they would build
BMW's here then send them. I don't have an answer
to that, but I think we'll think six months from.
Speaker 2 (03:39):
Now we'll we all know the answer, Yeah we will.
But anyway, again, a great show. You keep me listening
all night tonight now because I want to hear what's
going on.
Speaker 1 (03:50):
I think everyone a little bit including myself. Tonight, I'm
looking forward to hearing from people who are in other
businesses and how it's going to affect them. Pete is
always appreciated.
Speaker 2 (03:59):
One more thing, you know, for me, as you know,
I mean year older than you to the day. Okay,
to me, it doesn't matter as much because I'm not
going to be the one who's going to be paying
all of this after stuff. You know, my grandkids are
going to get nailed with all of that, as as
(04:22):
is yours. All of the money that's being spent now
that has got to be made up somewhere somehow sometime.
Speaker 1 (04:31):
Well there you're talking about I assume you're talking there
about the national debt.
Speaker 2 (04:36):
Yeah, that's a different subject for a different night. So
on that night.
Speaker 1 (04:42):
Thanks, good night, all right, I don't want to move
people through here. Let me go to Bill and Danvers.
BILLI your next night, Sega, right head Bill?
Speaker 3 (04:51):
Yeah, Dan, I'm gonna probably next few months, I'm gonna
have to buy a new car. I get two hundred
and thirty two thousand on this just yeah, and I
had two fifty six on the other one. This is
the second fort edge, and I have a Mustang a
toy in storage and up by a Ford Explorer. So
this car was made up in the flat Rock plant
(05:12):
of Michigan. The Mustang was made there, and I assume
my other Fort Edge probably was, and the Explorers made
outside of Chicago. So I'm not overly concerned about it,
and I'm and to be honest with yet, if it's
a thousand to two thousand more or whatever, you know,
was built here, and for every one factory job out there,
there's four jobs that revolve around it, you know. I
(05:34):
mean being in certain areas of the country, we don't
particularly see it, but there's been areas of this country
decimated there. I mean, I've driven through it, and I
got friends in Michigan, and you know, we kind of
have a tendency to wall ourself off sometimes, you know,
certain areas of the country. You know, we go down
and the teaching.
Speaker 1 (05:54):
You know, I know that you're you're you're a Trump supporter,
and you're not disappointed.
Speaker 3 (05:58):
By this, no, because I'm looking at that shot today
and you know, yeah, he puts some tariffs on, but
it's not even close to what some of the other
guys are doing. And I think it, be honest with you,
you know, even the ones he put on the first administration, right,
Biden didn't take him off, and I think once if
(06:19):
he leaves them on and say another administration comes in.
We all know Washington loves money. So if this thing
comes in right and things on while we'll say the
economy or Trump really tanks and the Republicans get to blame.
Though the Democrats love the money, so I mean, they're
not going to say no and say no more tariffs,
you know what I'm saying. And the people that say
(06:40):
that this is a tax I almost laugh at. Like
Governor I hear in the speech talking about it. Her
budget proposal here in the state has she wants to
raise a sales tax, a candy tax. So all the
guys throwing rocks, especially the Blue states, are the biggest
taxes in the world. Text they don't like.
Speaker 1 (07:00):
As I said, the only things that get taxed in
Massachusetts or things that move or things that don't move.
Everything else is tax free.
Speaker 3 (07:07):
Yeah, and you know, you know it may be a
little short at first in some departments. Okay, when you
know you have a little weight on and you haven't exercised.
He is, and he decided to go on a little
bit of a diet and change your habit and go
to the gym. You're a little sore after the gym
and it eventually goes away. So you know, he's going
(07:27):
to move things around. They can't just be prosperity and
you know, sixty percent of the country and we just
waste the other forty percent, you know what I mean.
And you know, you know, you know, I look at
guys they were there today because I looked at some
of the stuff. And the guy got up from the
UAW and he said, his whole life, all he saw
(07:47):
was plants closed and decimation the towns.
Speaker 2 (07:50):
You know.
Speaker 3 (07:51):
Now it's not all going to come back, but if
a percentage of it comes back, and we you know,
it's a national security issue too, I mean pharmaceuticals, I
mean we look, I mean, I guess we didn't learn
anything from the COVID thing. As far as you know,
we're not self sustaining in some departments. Yeah, you know,
and it's a big problem. So you get to look
(08:11):
at that also. You want to make at least the
essentials here if we need it, some basic pharmaceuticals. Steal cars,
you know, if we have to make tanks and whatever,
and we keep an industrial base to a degree. We're
not going to have what we had in the thirties,
forties and fifties. That's not coming back, but we got
to keep some basics, you know.
Speaker 1 (08:30):
Okay, look, you're the first Trump supporter who seems to
be pleased with what was done today.
Speaker 3 (08:37):
I'm not pleased, but I mean, you know, sometimes when
you do something and you get beat up on it
later on, you know, it comes out better in the wash.
But you had to lead, you know what I mean.
You know, Roosevelt took heat, you know, when he sent
stuff over and he's gonna maybe think about things, and
you know later on he was right. So there's a
(08:58):
lot of instances. Reagan's a lot of heat for a
lot of stuff he did early on.
Speaker 4 (09:03):
You know.
Speaker 3 (09:04):
So this is the thing. You know, sometimes you gotta
take your punches.
Speaker 5 (09:08):
You know.
Speaker 1 (09:09):
How do you think this is gonna affect your How
will this affect your business bill quickly?
Speaker 2 (09:14):
Well?
Speaker 3 (09:14):
I mean, you know it could be done if people
you know, I'm maybe doing as well in some departments
that you know, it could be a tailor off. I'm
fortunate there's a few new stores that have opened and
stuff that a little better. But I'm hoping that maybe
with gas and fuel coming down and hopefully by this
time next year it's down a little bit. That also
(09:36):
put everyone sent that gas goes down as a billion
dollars in the economy, so that may offset some of this.
So you know, you're gonna I'm just kind of playing
it by ear and I'll see what happens. But I mean,
I don't think we could keep going the way we
were going. You know, we've gotta shake it up a
little bit.
Speaker 1 (09:54):
It certainly got shaken up today, Bill, Thank you much,
as always appreciate your call.
Speaker 2 (09:58):
Thank you.
Speaker 1 (09:59):
I have a great got a quick break coming up
here in night's I got one line at six one seven,
two five four ten thirty. Got one line at six
one seven, nine three one ten thirty. Try to move
people as fast as I can. I want to sample
as many listeners as possible between now and midnight. And
this is a huge story. This is a story which
(10:19):
at a minimum, at a minimum, makes or breaks this administration.
If it works, it will be to his credit, to
his unending credit. If it works. If it fails, it
will be the end of his effective presidency. Within a
(10:42):
matter of months, so the stakes could not be higher.
Your point of view is welcome coming back with night Side.
Speaker 6 (10:50):
You're on night Side with Dan Ray on WBZ Boston's
news radio.
Speaker 1 (10:56):
The White House is just released, as you would expect
the White House to do, a lot of statements from
groups and politicians who are supporting this. Again, some of
these groups groups that I really don't know, but just
to pick a couple one, the National Cattleman's Beef Association
(11:16):
is all for this. The senior vice president of Government
Affairs said, for too long, America's family farmers and ranches
have been mistreated by certain trading partners around the world.
President Trump is taking action to address numerous trade barriers
that prevent consumers overseas from enjoying high quality, wholesome American beef. Okay,
(11:37):
so they're they're in favor. At least that group says
they're in favor of it. Who else we got here?
Steel Manufacturers Association President Philip Bell. President Trump is a
champion of the domestic steel industry, so there's some support there.
Alliance for American Manufacturing President Scott Paul. Today's trade action
(11:58):
prioritizes domestic manufacturers and America's workers. These hard working men
and women been unfair trade cut the ground from beneath
their feet for decades. They deserve a fighting chance. So
on and on and on. Then it gets into House
Speaker Mike Johnson. As you would expect, President Trump is
sending a clear message with Liberation Day, America will not
(12:21):
be exploited by unfair trade practices anymore. These tariffs to
a fair and reciprocal trade and level the playing field
for American workers and innovators. The President understands the free
trade only works when it's fair. Okay, So some significant
support there, but again you would kind of expect that.
Let's go next to Jay is in New Hampshire have
(12:44):
followed closely. Next up will be Joe and early to
go ahead.
Speaker 7 (12:46):
Jay, Good evening, Dan, thank you for taking the call.
Speaker 1 (12:51):
Right ahead, Thank you.
Speaker 7 (12:54):
No, I just actually that last call Bill was great.
Speaker 1 (12:58):
He made.
Speaker 7 (13:00):
Excellent points that I was going to touch on as well.
So he stole my thunder a little bit. But from
the big support of what the President's doing, I think
that what he has in mind and he says it,
but you know, for some reason people kind of don't
(13:22):
hear it. But he's saying this is for national security.
And you know, people, you know, I mean, I get it.
Speaker 1 (13:30):
You know money.
Speaker 7 (13:31):
Money is important, It's important to me.
Speaker 3 (13:33):
We all need it.
Speaker 7 (13:34):
But you know, we're so blinded by the almighty dollar.
And I say that with the lower case a almighty.
We forget that, you know, if we hit another national
emergency of war and this is something that Bill said that,
you know, we're susceptible. I mean, we're so vulnerable. We
(13:58):
have no ways, no means of production here in this
country for a lot of things right now and still
and this is after what we supposedly learned from COVID,
but we didn't. You can hear it. You can hear people,
you can hear it. You can hear people in the
negativity about this. You know, they're just they're just concerned
about the dollars and cents of this, but you know,
(14:20):
they're still not seeing the big picture in my mind,
you know, they did not really consider in the long
term health of the nation along with their own personal
financial situation. You know, it's going to be a little
bit of a balance there.
Speaker 1 (14:36):
So how concerned are you with the reaction of the
stock market tonight? And what I think is going to
be the reaction of the stock market tomorrow. I mean
there's everyone gets affected by that because either they are
someone who has an IRA or someone who has got
a small stock portfolio, or maybe the the pension for
(14:58):
your union is invested in the stock wort.
Speaker 7 (15:01):
Yeah, I mean, you know, the stock market goes up,
the stark market goes down. You can't live and die
by the stock market every day. You know, there's gonna
there's gonna be They're gonna be rises and falls.
Speaker 3 (15:15):
You know.
Speaker 7 (15:16):
Again, short term pain for long term gain. That's that's
really that's a message.
Speaker 2 (15:22):
Yet.
Speaker 7 (15:23):
But I think as Americans, we have to be honest
with you. I think it's a very sad situation. I
think this country and it's people, even amongst conservatives, just
very very weak now. I mean we're we're a d
D to the max. I mean, we can't handle any
any kind of stuff for a sacrifice. I mean of
a bid. We have to fight a serious war again,
(15:46):
and I'm talking like on a on a large scale
like like we used to, and that could happen. I
mean there's a lot going on. I mean this country
is just not ready. And you can hear, you can
hear it.
Speaker 3 (15:58):
You can hear it tonight.
Speaker 7 (15:59):
You can see it in the negativity. I mean, I
find it's it's a little bit discourage him. But by
the grace of God, we got a strong president for once,
and I think that's a shock to the system.
Speaker 3 (16:12):
I think, I think our.
Speaker 7 (16:13):
People are not used to strong leadership anymore. They can't
even recognize it for what it is and they don't
appreciate it. And that's what he's doing. You know, how
it's going to turn out, I don't know, but you
know what, you know, something has to be done because
that this country is on the ropes, even with with
President Trump's election. I mean, he's making some emergency moves.
(16:36):
You know, it's a lot a lot of it's just
temporary bandits. He's doing what he's what he can, you know.
Speaker 1 (16:42):
Fair enough, but you got you got it all in
by the way of just looking here, some of the
Asian stock market has has dumped overnight, so I suspect
it's going to be a rough day in the stock
market tomorrow. And look, he follows the stock market like anyone.
So we'll say, you know, as I say, I think
this is a moment in time where if this works,
(17:05):
and the long run for him is like six months
to a year, because if it doesn't work, within a year,
his numbers will be in the tank and the Republican
Party will have a really rough mid term election in
twenty twenty six, and at that point, you know, the
Democrats will be poised to take the White House back
(17:28):
in twenty twenty eight because we have a very short
attention span in America and he's I think expects we're
going to have a longer attention span. And I don't
think attention span is going to work on this one.
I think America is going to want to look at
some results pretty quickly, so we'll see. I don't disagree
(17:48):
with what you said, by the way, I think there's
a lot of wisdom in what you had to say.
Speaker 7 (17:53):
Thank you, Dan, appreciate the time.
Speaker 1 (17:55):
Please keep calling the show. I need points of view.
We've had some excellent callers tonight, so I want to
thank everyone, including Jay in New Hampshire. Thanks Jake. We're
gonna take a quick break. We have a newscast coming up.
We'll keep you posted throughout the night. The only line
that is open is the one that Jay Jeff just left,
which is six one seven back on night Side after this.
Speaker 2 (18:16):
Night Side with Dan Ray. I'm WBZ Boston's news radio.
Speaker 1 (18:23):
All right, let's keep rolling here, gonna go next to
who we got next up here? I want to be
as fair as I can ever. Ready, Joe is in Arlington. Joe,
you are next to our nightside. Appreciate your patience. Go
right ahead, Joe.
Speaker 2 (18:34):
Oh hi, Dan.
Speaker 5 (18:35):
Yeah, I'm an old international economist, so for me, this
is kind of an interesting sperm and to look at here.
Speaker 1 (18:40):
Yeah, I love to get your perspective. Go ight ahead.
When you say an old international economist, does that mean
that this was the business you were in or is
this something that you have dabbled in as an outdation.
Speaker 5 (18:54):
No, No, I've got to you know, a top tier
graduate degree from an international economics and finance and I
worked at the Federal Reserve for years, and.
Speaker 1 (19:07):
Let's have it. Go right ahead.
Speaker 5 (19:09):
Yeah. So there's basically just three or four points I
wanted to make and then I'll hang up. One is
I think, you know, with Mexico and China, I actually
agree with what he's doing, but for not for economic reasons.
I mean, any any international economists will tell you that
you're as you've heard that, you know this is suboptimal
and it's going to you know, screw up prices and
(19:31):
it's going to be bad for the economy. But from
a political point of view, I mean, you've got an
immigration illegual immigration problem and a Fentanyel problem with Mexico,
and with China. You've got the fact that you know,
the the Chinese to clear economic war on US two
decades ago, and it's about time they're finally waking up
to that fact. I have to give Trunk credit for really,
you know, smashing the maut over the Americans head and saying,
(19:54):
you know you're going to play harder.
Speaker 2 (19:55):
Ball with China.
Speaker 5 (19:56):
So I agree with him on that. And also you
getting a lot of fentanyl from China. Apparently they make
all them raw materials.
Speaker 7 (20:02):
For fanastyes from Mexico.
Speaker 5 (20:04):
So so slapping or using tariffs as a weapon against
those two countries for separate political reasons, not for economics,
but for political reasons, to help with the immigration issue,
to help with the Fennel issue, I'm all for, and
also to help in China, particularly to open up their economy,
to force them to open up their economy, to the
American expert, So I completely agree with him on that,
(20:26):
but not for economics. I don't know what he's doing
with Canada. I mean, Canada is not a problem like
you know with US, really, I mean, so to me,
that's just bizarre. I think it's just a personal animosity
he had with Trudeau there for a while.
Speaker 1 (20:40):
But I will tell you this that the amount of
people who are coming across the border in recent months,
I believe from Canada or is that number has actually
been greater than Mexico. I saw a statistic on that today,
So it could be really he feels that that that
he needs to get the border tightened up in more
cooperation with Canada. I'm just speculating there, but I think
(21:03):
I saw that today that people have figured out and
maybe even drug importers have figured out that it's easier
to breach the Canadian US border now than it is
to breach the Mexican border. Just don't want to throw that.
Speaker 5 (21:16):
Out there, Okay, Yeah, I mean, given you know, I'm
half Canadians, I find that I'm skeptical of that. But
I who knows, maybe you know, maybe that's maybe there's
some truth to that, and in fact, they've tied up
on Mexico so much. You know, they're diverting all this
stuffing to Canada. It's still, i mean still kind of
difficult to believe, and especially with Canada. I mean, we're
(21:37):
really interdependent with Canada. That's going to really screw up
the auto industry what he's doing with the Canadian the
Canadian market there.
Speaker 2 (21:43):
So that would be the third.
Speaker 5 (21:45):
The fourth one is you know why I kind of
agree half of That's the problem I always have with
Trump is that, even though I've never really voted for
I'm not a big fan of him from a personal
point of view, I've always had the sense that half
of his policies are actually pretty good. And it's kind
of like, my gosh, if you could just you know,
kind of find tune in a bit, because you know what,
the Europeans, Yeah, they play hardball with us on trade.
(22:08):
They've got all those value added you know, obstructions and
things like that. So I can see, you know, you know,
doing some tariff stuff with them, but I would say,
do it select more selectively. Do what he's doing right
now with Mexico in China to force them to you know,
straighten things out on the fentanyl and on the immigration issue.
And then for the rest of the countries.
Speaker 2 (22:28):
We go through.
Speaker 5 (22:29):
There's a list of these fifteen countries they call them
the dirty fifteen that we have terrible trade deficits with.
Go through each one of those countries and basically figure out,
you know, which goods you want to slap heavy tarifs
on and which ones you don't, and be more careful
about more selective, I think would be the rational thing
to do. We difficult to do it.
Speaker 1 (22:47):
We have a trade with a trade in a few weeks,
you know, we have a trade in balance with the
European Union of about a quarter of a billion dollars.
We have a trade in balance with China about two
hundred and ninety two billion, a trade in balance with
Vietnam one hundred and twenty three billion.
Speaker 2 (23:07):
Yeah.
Speaker 5 (23:07):
Yeah, So you can go through each of those fifteen,
it's like they call them the dirty fifteen. Go through
each one of those, figure out where the problem is,
and basically play hardball with each one of them individually
as you want to. And also the other issue is,
you know a lot of these these things he's snapping
tariff's on, We're not going to be able to make
those goods as substitute goods very very quickly. I mean,
(23:30):
so god knows what the industry is here are going
to do if they don't have these. I mean, it's
really going to disrupt a supply training credibly.
Speaker 2 (23:37):
Yeah, the example.
Speaker 5 (23:39):
Already with the industry, So I mean, it's it's an
incredible experiment.
Speaker 1 (23:44):
You know, I know that Joe give me a couple
of examples of the things that we do not manufacture
that he slapped tariffs on.
Speaker 4 (23:53):
Well, I.
Speaker 5 (23:55):
Nothing off the top of my head, but I know
I'm hearing that. You know that I understand that the chips.
Speaker 1 (24:00):
Right now, he wants to bring computer chips back to
the country. I mean, there was a point in time
where we allowed the computer chips and actually encourage them
to leave the country. There was a piece of legislation
passed by Congress and signed by Clinton in nineteen ninety six,
and it was bipartisan by the way, that chased a
lot of computer chip companies out of believe it or not,
Puerto Rico and sent them over to Taiwan. Why that
(24:22):
was done Legislative new Gimbridge and Joe Kennedy, Republican and
Democrat were leaders on that, which doesn't make a lot
of sense. Joe, I love you.
Speaker 5 (24:32):
I mean this is again an issue where he's right,
I think. I mean, I'm all for bring the computer
ships home because also i think like ninety percent of
them being manufactured in Taiwan, which is a very vulnerable.
Speaker 1 (24:42):
Area, very vulnerable. Right if China moves in, what do
we do about computer ships?
Speaker 5 (24:48):
Oh yeah, but I'm just hearing that. You know this,
I mean, this is the international supply chain. I mean,
it's so complicated. You've get all these you know, millions
of different pieces and products coming in and out, and
a lot of them area in industries are just not
set up to like all of a sudden, you know,
you know, substitutes for that quickly in an economic way. So,
I mean it's going to be quite an experience to
(25:08):
see what happens in the next year or two here.
Speaker 1 (25:10):
Well, it's it's certainly going to be I think what
we'll define his second term in you know, perhaps define
both of his terms in office. Got to run. Joe,
thank you much. I don't know if you've called me before,
but I hope you become a more regular caller.
Speaker 5 (25:26):
Yeah, I've called you before I because this is about
my third or fourth call always on the economic political stuff.
Speaker 1 (25:30):
I appreciate it. I really do. Thank you much appreciate it.
Next up is Jim. Jim you are you're you're at bat, Jim,
go right ahead.
Speaker 6 (25:39):
Damn, thanks for taking my call.
Speaker 1 (25:40):
How are you. I'm doing great. Love to know what
you think on this.
Speaker 6 (25:44):
I'm glad to hear it. Well, I'm glad you picked
up on the first time caller thing. I'm not a
first time caller. My second thing is I I think
maybe obviously a lot is being done with regard to tariffs,
but I sense very strongly that that there's a lot
(26:06):
going on with this administration in terms of god knows
what else defense, intelligence, finance in addition to the tariffs,
and maybe the tariffs are just like a big I
don't know, okay, as far as as far as like
(26:29):
Warren Buffett said that tariffs are an act of war.
As far as I could tell, it would just be
like a defensive act to defend ourselves against these cheap
products that are being made available to us, and US
sending all of our our sort of our capital out
(26:49):
of the out of our country. And then the third
thing that I was gonna say, let me look at
my notes here. Well, I think what's going on with Canada.
Here's what I think happens. And I don't know for sure.
This is just something i've kind of.
Speaker 1 (27:06):
Okay, let's hear. You don't have to categorize.
Speaker 6 (27:09):
I think, Well, I think what happens is I think
the precursors come into Mexico and then come into the
United States through Mexico, and then the product is blended
here and distributed and sold here, and then I think
the money is laundered in Canada before it goes back again.
Speaker 1 (27:26):
That's a little off where we are tonight. Uh, And
I don't I don't know. You said it's speculation. I
know that the that the product comes in a fedel,
It comes in from China, manufactured in Mexico. Whether or
not now they're bringing in over the border in Canada,
I don't know. I simply read something the other day
(27:46):
that said that surprisingly there are more people coming across
the border now from Canada than they are coming across
the border.
Speaker 6 (27:53):
From what happens with a lot of chemicals is they
come in just before they become hasmat because nobody wants
to pay for transportation of has mats. Then when they
get near to where they wanted to become a has mat,
they mix them and turn them into a has mat.
So that's just something I've observed, and I know there's
a lot of monkey business going on up in Canada
(28:15):
with money. So anyway, taking this ball, thanks all.
Speaker 1 (28:18):
Right, thank you, you appreciate it. Let me get one
more in here before the break. I'm trying to move
people a little bit more quickly. Mike is in Beverley. Mike,
you're next one. Nice. I go ahead.
Speaker 7 (28:28):
Hey, Dan, how are you?
Speaker 4 (28:29):
Can you hand me?
Speaker 1 (28:30):
I can hear you find Mike? What you're taking? What's
been going on today?
Speaker 2 (28:33):
Oh?
Speaker 4 (28:34):
Greatnald Dan. What was Trump's when he left off was
what was his inflation rate? His inflation was one point
twelve percent. He did the same thing and at first administration. Okay,
the Canada thing, we don't need Canada products. That's the
part of Canada and the fatanas situation, Joe, that's the
(28:55):
Canada situation. That was that as oh and the other
Pine is speaking Josh's I don't know, I don't want
to read talk about something else. But the money come
from the tariff is gonna bring the capital gains tax
and the employee payroll attacks down. They're gonna use that
money from the tariff, so they guess it's gonna bring
(29:16):
that taxes down.
Speaker 1 (29:18):
Well, let's see, let's see if it works. Let's see
what happens. Again, it's we could, you know, we could
speculate as to what might happen. I just think when
you look at what the stock market is going to
do tomorrow morning, obviously business doesn't like it.
Speaker 4 (29:34):
Let's can't watch the stock market, Dan, you can't watch it,
and they're gonna work that way, Dan, you're gonna watch
the stock market's not gonna work.
Speaker 1 (29:41):
Sorry, Well, thanks very much gonna clarifying that for me
because I've never for I know, you know, I know
nothing about the stock market. I'm sure you're more heavily
invested in the market and have a better understanding of
it than I do. So I appreciate your insight on
that one, but we'll see what happens.
Speaker 4 (30:00):
Some I've had a whole lesson of the town numbers
that East Country charge us. So you're okay, other county
choge more money. Like the alcohol, there was there was
some type of hard liquor. I can't want to call them.
They charge us two hundred percent in town. You're okay
with that?
Speaker 1 (30:18):
Well, I generally am a I am a free market type.
Speaker 4 (30:22):
Guy, meaning if I yeah, but that's what happens, Dan, let.
Speaker 1 (30:26):
Me if you wouldn't mind, I'd love to be able
to finish my thought, Mike, Okay, And that is that
if Canada, let's say, is importing a liquor into America
uh and or or we're importing a liquor into Canada
uh and the tariff, let's say, in either direction, is
(30:46):
two hund that's going to make that product pretty darn
expensive when you when it gets to the retail shelf.
Speaker 4 (30:54):
You you're with me on that, right, Yeah, but that's
what that charges on us, Dan.
Speaker 1 (31:00):
Right. So what I'm saying is if when it gets
to the shelf in Canada, instead of let's say being oh,
let's say fifty dollars a bottle, it's one hundred and
fifty dollars a bottle because there's a two hundred percent
tariff on it. If the Canadian consumers still are willing
to buy the product, that doesn't hurt us, and it
(31:24):
doesn't hurt the manufacturer. But if all of a sudden,
people in Canada really saying it's too much money, they're
going to stop buying the product, and then the American
manufacturer is going to say, well, I'm not going to
be able to take to sell my product in Canada.
So they were going to be What I'm trying to
say is there's going to be some real world implications
(31:45):
here for any country, both the country that is producing
and exporting the product and the country that's importing the product.
So on the one hand, if the teriffs become overburdensome,
Canada will be penalizing their population because they will have
(32:05):
fewer products from which to choose. America will be hurt
because the people here will at some point say we
got to cut back our production because we no longer
have a market in Canada. So you know, there's a
yang and a yang to it, Mike, and we're gonna
have to see how it plays out.
Speaker 4 (32:25):
I get it. I'm just trying to say. There was
a list Trump put out today that all the reporters
going on. All the numbers. I just don't remember all
the numbers off the top of my head, but some
of the numbers are like one country. China does us
like astronomic comeout of numbers. It's like crazy, you know
the task we get charge from other countries on things.
Speaker 1 (32:47):
Yeah, I can give you what I can give you
one right now. Just you can keep this in your mind. Okay, Uh, Korea.
Our new tariff on Korea is going to be twenty
six percent on Vietnam, it's going to be forty six
percent on Japan, twenty four percent on China, thirty four percent.
(33:10):
We'll see, we'll see how this plays out. This is
this is We're not even through a twenty four hour period. Mike.
I appreciate your effort. You're a Trump guy, and I'm
sure that you are very comfortable with what he's doing.
And I'm gonna have you hopefully check it with me
maybe a week or two from now, and see how
things are going in your life. This will either make
(33:31):
or break his presidency, is what I'm trying to say
to you, and I think you would agreed.
Speaker 4 (33:35):
Bring bring back American jobs, bring back American jobs and
playing American workers.
Speaker 1 (33:40):
That's a that's a good slogan. Let's see if it works. Thanks, Mike,
appreciate it.
Speaker 4 (33:44):
Thanks, good night.
Speaker 1 (33:45):
I have a good one. We'll take a very quick break,
coming right back on night side.
Speaker 6 (33:48):
If you're on night Side with Dan Ray on Boston's
news radio.
Speaker 1 (33:54):
Let's pick it up here, people. Let me go next
to Matthew and Pembroke. Matthew, you are next on Nightside.
Go ahead, Matthew.
Speaker 8 (34:02):
Hey Dan, how are we doing?
Speaker 1 (34:04):
I think I'm doing okay. I think we're learning a
lot tonight. I think every perspective has brought something to
the table. What's yours?
Speaker 8 (34:11):
Yeah, well, I didn't vote this time around. I didn't
really care for either the you know who was running.
But is I think if he takes his tariff money
and puts it all of it towards the deficit, it
would be a good thing. If you give all his
friends and cuts taxes, I think it's an awful thing,
(34:33):
and he should be out of the presidency because it
really has to go to the next generations.
Speaker 3 (34:40):
To pay off that debt.
Speaker 8 (34:43):
In regards yeah, yeah, so in regards to the stock market,
you know, if you have five years, if you're over
fifty five getting ready to retire, your whole strategy shouldn't
be aggressive, and then you wouldn't be hit with all
this highs and lows of the stock market going up
six hundred points. But if you're an individual stock by
you you buy at the low or you just hold.
Speaker 2 (35:07):
Yeah, well that's my thoughts there.
Speaker 1 (35:09):
Well, I think you're right on that. I mean, if
you're young and you have and you have some stocks
you like, I think everything takes a hit tomorrow. I
think it's one of those days where.
Speaker 8 (35:17):
Yeah, when you're younger, you take more risk. You know,
you get older, you don't have to worry so much.
But the other thing is, if we don't stop making
on medications and we go to war, they've already won.
Speaker 1 (35:32):
Yeah, but here's the deal. The next war is not
going to be a traditional land war. I mean, yeah, unfortunately,
I think they'll they'll bring out the big guns and
it will be over for better or worse too quickly.
And that's that's awesome. The risk we run.
Speaker 8 (35:53):
Well, yeah, if they're making other countries are making on
medications and they don't ship them, that's that's a big,
big problem. We should be making things like that in
our own kind of Oh, I.
Speaker 1 (36:04):
Agree with you totally. No, I totally agree with you,
even if for non war time purposes. No, but what
I'm saying is that if we ever get into a
big war, it's going to be the last war. Okay,
there's just too many countries that do have nukes or
suitcase nukes. You know, we're I do believe we have
(36:28):
to be very careful in the next you know, ten
or fifteen years to make sure that we do not
open up a kid of worms. The World War two
and the World War One, trench fighting and ground troops,
that's over, that's so last century. Unfortunately, you know this,
(36:51):
this would be very as he would say that this
would be big and in a big one. I don't
think there's any winners in my opinion.
Speaker 8 (36:59):
No, thanks for taking my called in.
Speaker 1 (37:01):
Hey, thank you much, Matthew. As always, we'll talk again.
Great call, very very sixteen, Thank you, good night. Okay
for THO, I'm not going to short change anyone. I'll
tell you the only lines we have opened right now
are six one seven. So if you call then those
two lines we can get you in. And in the meantime,
I got Bob and Waymouth, Tina and WCA will leave
(37:21):
us off, John and Foxborough. Let's keep rolling here. We
are talking about Trump's tariffs as a matter of fact,
let me end this hour because I don't want to
short change anyone, anyone at all. This is the President
today as he addressed the nation from the from the
Rose Guard, and let's let me get one here. Uh,
(37:46):
here's one on China, Rob Real quickly cut twenty three.
Speaker 9 (37:51):
I have great respect for President she of China, great
respect for China. But they were taking tremendous advantage of
them of US, and and I commend them for that.
I say, hey, if you can get away with it,
that's okay. But you know, they understand exactly what's happening,
and they probably most of them are saying it's about
time they did something. But and they're gonna fight, and
(38:13):
they're gonna fight.
Speaker 1 (38:14):
For everyone's gonna fight. You know.
Speaker 9 (38:16):
It's like I say to the leaders, look, you got
to take care of your country, but we have to
start taking care of our country now. We can't do
what we've been doing for the last fifty years.
Speaker 1 (38:26):
That was Donald Trump today. You can react give us
a call right after the news
It's nice. I'm we're talking about Donald Trump's tariffs. Heuh.
He announced a lot of terriffs this afternoon, spoke for
about an hour. It was much more of a campaign
rally than it was anything else. And I'm getting your reaction.
(00:23):
It's as simple as that, these are gonna have big impacts.
If I look at the doll futures for tomorrow morning,
don't make you sick. It's as simple as that. But
he says he's in it for the long game. We
will see. Let's keep rolling here, see what other people
have to say. I'm gonna go next to Pete in
(00:43):
South Carolina. Pete, what's the mood in South Carolina? Tonight?
Speaker 2 (00:48):
Beautiful day. You could have played golf with just a
knife shirt on. Anyway, Are those.
Speaker 1 (00:54):
Fires finally out down there? Pete?
Speaker 2 (00:56):
By the way, Oh yeah, yeah, they're gone. They're gone, thankfult.
And we had some good rain up there. The Good
Lord took care of it too, along with the first responders. Okay,
I have two things that I don't understand. Number One,
the terriffs don't apply to Like, if let's say I
(01:16):
want to go out and buy a used or a
pre owner certified whatever word you want to use. Yeah, Mercedes, Right, Okay,
that's a foreign car. But it's already you know, did
it get past the terriff or is there a tariff on.
Speaker 1 (01:35):
A pre oh well with the car? No, when the
cars imported and was if the car's coming in from Germany? Uh,
and it's it's I don't know. Let's say it's a
it's a fifty thousand dollars or whatever. I don't know
what the price of a Mercedes is, but let's assume
it's a fifty dollars Mercedes. You you hit it with
(01:56):
a twenty five percent tariff. Now it's going to be
sixty two thousand dollars. That that's going to increase the
price of sixty two. Now if somebody sells that car,
and now's this on the used car market or you know,
it's a secondary car. There's no tariffs on something that
is sold internally.
Speaker 2 (02:15):
No, that's what I thought. Okay. Number two. If you
ever go to Charleston, South Carolina, and you take the
trolley tour, yeah, and they take you down by the
Port of Charleston. The biggest exporter of goods going out
of Charleston are the BMWs that they make here in
(02:39):
South Carolina and they go back to Germany to get
finished and then they can come back into the United
States as an imported car.
Speaker 1 (02:48):
How those would be tighted, I don't know, because if
they're coming back into the United States as a final product,
why would they not finish them here? Maybe they would
be incentive now now for the manufacturers to say finished.
I mean, what are they doing putting like some hold
on them?
Speaker 2 (03:06):
It's on over there, And I don't know. That's just
you know what we've heard a number of times when
we've had friends come in and we go up and
they want to see Charleston because it's a beautiful, historic town.
But the tour guide as all those traders that are
going over to Germany have BMW's in them, that they're
(03:29):
coming back once they're finished.
Speaker 1 (03:31):
Yeah, that's interesting to me. Why why they would build
BMW's here then send them. I don't have an answer
to that, but I think we'll think six months from.
Speaker 2 (03:39):
Now we'll we all know the answer, Yeah we will.
But anyway, again, a great show. You keep me listening
all night tonight now because I want to hear what's
going on.
Speaker 1 (03:50):
I think everyone a little bit including myself. Tonight, I'm
looking forward to hearing from people who are in other
businesses and how it's going to affect them. Pete is
always appreciated.
Speaker 2 (03:59):
One more thing, you know, for me, as you know,
I mean year older than you to the day. Okay,
to me, it doesn't matter as much because I'm not
going to be the one who's going to be paying
all of this after stuff. You know, my grandkids are
going to get nailed with all of that, as as
(04:22):
is yours. All of the money that's being spent now
that has got to be made up somewhere somehow sometime.
Speaker 1 (04:31):
Well there you're talking about I assume you're talking there
about the national debt.
Speaker 2 (04:36):
Yeah, that's a different subject for a different night. So
on that night.
Speaker 1 (04:42):
Thanks, good night, all right, I don't want to move
people through here. Let me go to Bill and Danvers.
BILLI your next night, Sega, right head Bill?
Speaker 3 (04:51):
Yeah, Dan, I'm gonna probably next few months, I'm gonna
have to buy a new car. I get two hundred
and thirty two thousand on this just yeah, and I
had two fifty six on the other one. This is
the second fort edge, and I have a Mustang a
toy in storage and up by a Ford Explorer. So
this car was made up in the flat Rock plant
(05:12):
of Michigan. The Mustang was made there, and I assume
my other Fort Edge probably was, and the Explorers made
outside of Chicago. So I'm not overly concerned about it,
and I'm and to be honest with yet, if it's
a thousand to two thousand more or whatever, you know,
was built here, and for every one factory job out there,
there's four jobs that revolve around it, you know. I
(05:34):
mean being in certain areas of the country, we don't
particularly see it, but there's been areas of this country
decimated there. I mean, I've driven through it, and I
got friends in Michigan, and you know, we kind of
have a tendency to wall ourself off sometimes, you know,
certain areas of the country. You know, we go down
and the teaching.
Speaker 1 (05:54):
You know, I know that you're you're you're a Trump supporter,
and you're not disappointed.
Speaker 3 (05:58):
By this, no, because I'm looking at that shot today
and you know, yeah, he puts some tariffs on, but
it's not even close to what some of the other
guys are doing. And I think it, be honest with you,
you know, even the ones he put on the first administration, right,
Biden didn't take him off, and I think once if
(06:19):
he leaves them on and say another administration comes in.
We all know Washington loves money. So if this thing
comes in right and things on while we'll say the
economy or Trump really tanks and the Republicans get to blame.
Though the Democrats love the money, so I mean, they're
not going to say no and say no more tariffs,
you know what I'm saying. And the people that say
(06:40):
that this is a tax I almost laugh at. Like
Governor I hear in the speech talking about it. Her
budget proposal here in the state has she wants to
raise a sales tax, a candy tax. So all the
guys throwing rocks, especially the Blue states, are the biggest
taxes in the world. Text they don't like.
Speaker 1 (07:00):
As I said, the only things that get taxed in
Massachusetts or things that move or things that don't move.
Everything else is tax free.
Speaker 3 (07:07):
Yeah, and you know, you know it may be a
little short at first in some departments. Okay, when you
know you have a little weight on and you haven't exercised.
He is, and he decided to go on a little
bit of a diet and change your habit and go
to the gym. You're a little sore after the gym
and it eventually goes away. So you know, he's going
(07:27):
to move things around. They can't just be prosperity and
you know, sixty percent of the country and we just
waste the other forty percent, you know what I mean.
And you know, you know, you know, I look at
guys they were there today because I looked at some
of the stuff. And the guy got up from the
UAW and he said, his whole life, all he saw
(07:47):
was plants closed and decimation the towns.
Speaker 2 (07:50):
You know.
Speaker 3 (07:51):
Now it's not all going to come back, but if
a percentage of it comes back, and we you know,
it's a national security issue too, I mean pharmaceuticals, I
mean we look, I mean, I guess we didn't learn
anything from the COVID thing. As far as you know,
we're not self sustaining in some departments. Yeah, you know,
and it's a big problem. So you get to look
(08:11):
at that also. You want to make at least the
essentials here if we need it, some basic pharmaceuticals. Steal cars,
you know, if we have to make tanks and whatever,
and we keep an industrial base to a degree. We're
not going to have what we had in the thirties,
forties and fifties. That's not coming back, but we got
to keep some basics, you know.
Speaker 1 (08:30):
Okay, look, you're the first Trump supporter who seems to
be pleased with what was done today.
Speaker 3 (08:37):
I'm not pleased, but I mean, you know, sometimes when
you do something and you get beat up on it
later on, you know, it comes out better in the wash.
But you had to lead, you know what I mean.
You know, Roosevelt took heat, you know, when he sent
stuff over and he's gonna maybe think about things, and
you know later on he was right. So there's a
(08:58):
lot of instances. Reagan's a lot of heat for a
lot of stuff he did early on.
Speaker 4 (09:03):
You know.
Speaker 3 (09:04):
So this is the thing. You know, sometimes you gotta
take your punches.
Speaker 5 (09:08):
You know.
Speaker 1 (09:09):
How do you think this is gonna affect your How
will this affect your business bill quickly?
Speaker 2 (09:14):
Well?
Speaker 3 (09:14):
I mean, you know it could be done if people
you know, I'm maybe doing as well in some departments
that you know, it could be a tailor off. I'm
fortunate there's a few new stores that have opened and
stuff that a little better. But I'm hoping that maybe
with gas and fuel coming down and hopefully by this
time next year it's down a little bit. That also
(09:36):
put everyone sent that gas goes down as a billion
dollars in the economy, so that may offset some of this.
So you know, you're gonna I'm just kind of playing
it by ear and I'll see what happens. But I mean,
I don't think we could keep going the way we
were going. You know, we've gotta shake it up a
little bit.
Speaker 1 (09:54):
It certainly got shaken up today, Bill, Thank you much,
as always appreciate your call.
Speaker 2 (09:58):
Thank you.
Speaker 1 (09:59):
I have a great got a quick break coming up
here in night's I got one line at six one seven,
two five four ten thirty. Got one line at six
one seven, nine three one ten thirty. Try to move
people as fast as I can. I want to sample
as many listeners as possible between now and midnight. And
this is a huge story. This is a story which
(10:19):
at a minimum, at a minimum, makes or breaks this administration.
If it works, it will be to his credit, to
his unending credit. If it works. If it fails, it
will be the end of his effective presidency. Within a
(10:42):
matter of months, so the stakes could not be higher.
Your point of view is welcome coming back with night Side.
Speaker 6 (10:50):
You're on night Side with Dan Ray on WBZ Boston's
news radio.
Speaker 1 (10:56):
The White House is just released, as you would expect
the White House to do, a lot of statements from
groups and politicians who are supporting this. Again, some of
these groups groups that I really don't know, but just
to pick a couple one, the National Cattleman's Beef Association
(11:16):
is all for this. The senior vice president of Government
Affairs said, for too long, America's family farmers and ranches
have been mistreated by certain trading partners around the world.
President Trump is taking action to address numerous trade barriers
that prevent consumers overseas from enjoying high quality, wholesome American beef. Okay,
(11:37):
so they're they're in favor. At least that group says
they're in favor of it. Who else we got here?
Steel Manufacturers Association President Philip Bell. President Trump is a
champion of the domestic steel industry, so there's some support there.
Alliance for American Manufacturing President Scott Paul. Today's trade action
(11:58):
prioritizes domestic manufacturers and America's workers. These hard working men
and women been unfair trade cut the ground from beneath
their feet for decades. They deserve a fighting chance. So
on and on and on. Then it gets into House
Speaker Mike Johnson. As you would expect, President Trump is
sending a clear message with Liberation Day, America will not
(12:21):
be exploited by unfair trade practices anymore. These tariffs to
a fair and reciprocal trade and level the playing field
for American workers and innovators. The President understands the free
trade only works when it's fair. Okay, So some significant
support there, but again you would kind of expect that.
Let's go next to Jay is in New Hampshire have
(12:44):
followed closely. Next up will be Joe and early to
go ahead.
Speaker 7 (12:46):
Jay, Good evening, Dan, thank you for taking the call.
Speaker 1 (12:51):
Right ahead, Thank you.
Speaker 7 (12:54):
No, I just actually that last call Bill was great.
Speaker 1 (12:58):
He made.
Speaker 7 (13:00):
Excellent points that I was going to touch on as well.
So he stole my thunder a little bit. But from
the big support of what the President's doing, I think
that what he has in mind and he says it,
but you know, for some reason people kind of don't
(13:22):
hear it. But he's saying this is for national security.
And you know, people, you know, I mean, I get it.
Speaker 1 (13:30):
You know money.
Speaker 7 (13:31):
Money is important, It's important to me.
Speaker 3 (13:33):
We all need it.
Speaker 7 (13:34):
But you know, we're so blinded by the almighty dollar.
And I say that with the lower case a almighty.
We forget that, you know, if we hit another national
emergency of war and this is something that Bill said that,
you know, we're susceptible. I mean, we're so vulnerable. We
(13:58):
have no ways, no means of production here in this
country for a lot of things right now and still
and this is after what we supposedly learned from COVID,
but we didn't. You can hear it. You can hear people,
you can hear it. You can hear people in the
negativity about this. You know, they're just they're just concerned
about the dollars and cents of this, but you know,
(14:20):
they're still not seeing the big picture in my mind,
you know, they did not really consider in the long
term health of the nation along with their own personal
financial situation. You know, it's going to be a little
bit of a balance there.
Speaker 1 (14:36):
So how concerned are you with the reaction of the
stock market tonight? And what I think is going to
be the reaction of the stock market tomorrow. I mean
there's everyone gets affected by that because either they are
someone who has an IRA or someone who has got
a small stock portfolio, or maybe the the pension for
(14:58):
your union is invested in the stock wort.
Speaker 7 (15:01):
Yeah, I mean, you know, the stock market goes up,
the stark market goes down. You can't live and die
by the stock market every day. You know, there's gonna
there's gonna be They're gonna be rises and falls.
Speaker 3 (15:15):
You know.
Speaker 7 (15:16):
Again, short term pain for long term gain. That's that's
really that's a message.
Speaker 2 (15:22):
Yet.
Speaker 7 (15:23):
But I think as Americans, we have to be honest
with you. I think it's a very sad situation. I
think this country and it's people, even amongst conservatives, just
very very weak now. I mean we're we're a d
D to the max. I mean, we can't handle any
any kind of stuff for a sacrifice. I mean of
a bid. We have to fight a serious war again,
(15:46):
and I'm talking like on a on a large scale
like like we used to, and that could happen. I
mean there's a lot going on. I mean this country
is just not ready. And you can hear, you can
hear it.
Speaker 3 (15:58):
You can hear it tonight.
Speaker 7 (15:59):
You can see it in the negativity. I mean, I
find it's it's a little bit discourage him. But by
the grace of God, we got a strong president for once,
and I think that's a shock to the system.
Speaker 3 (16:12):
I think, I think our.
Speaker 7 (16:13):
People are not used to strong leadership anymore. They can't
even recognize it for what it is and they don't
appreciate it. And that's what he's doing. You know, how
it's going to turn out, I don't know, but you
know what, you know, something has to be done because
that this country is on the ropes, even with with
President Trump's election. I mean, he's making some emergency moves.
(16:36):
You know, it's a lot a lot of it's just
temporary bandits. He's doing what he's what he can, you know.
Speaker 1 (16:42):
Fair enough, but you got you got it all in
by the way of just looking here, some of the
Asian stock market has has dumped overnight, so I suspect
it's going to be a rough day in the stock
market tomorrow. And look, he follows the stock market like anyone.
So we'll say, you know, as I say, I think
this is a moment in time where if this works,
(17:05):
and the long run for him is like six months
to a year, because if it doesn't work, within a year,
his numbers will be in the tank and the Republican
Party will have a really rough mid term election in
twenty twenty six, and at that point, you know, the
Democrats will be poised to take the White House back
(17:28):
in twenty twenty eight because we have a very short
attention span in America and he's I think expects we're
going to have a longer attention span. And I don't
think attention span is going to work on this one.
I think America is going to want to look at
some results pretty quickly, so we'll see. I don't disagree
(17:48):
with what you said, by the way, I think there's
a lot of wisdom in what you had to say.
Speaker 7 (17:53):
Thank you, Dan, appreciate the time.
Speaker 1 (17:55):
Please keep calling the show. I need points of view.
We've had some excellent callers tonight, so I want to
thank everyone, including Jay in New Hampshire. Thanks Jake. We're
gonna take a quick break. We have a newscast coming up.
We'll keep you posted throughout the night. The only line
that is open is the one that Jay Jeff just left,
which is six one seven back on night Side after this.
Speaker 2 (18:16):
Night Side with Dan Ray. I'm WBZ Boston's news radio.
Speaker 1 (18:23):
All right, let's keep rolling here, gonna go next to
who we got next up here? I want to be
as fair as I can ever. Ready, Joe is in Arlington. Joe,
you are next to our nightside. Appreciate your patience. Go
right ahead, Joe.
Speaker 2 (18:34):
Oh hi, Dan.
Speaker 5 (18:35):
Yeah, I'm an old international economist, so for me, this
is kind of an interesting sperm and to look at here.
Speaker 1 (18:40):
Yeah, I love to get your perspective. Go ight ahead.
When you say an old international economist, does that mean
that this was the business you were in or is
this something that you have dabbled in as an outdation.
Speaker 5 (18:54):
No, No, I've got to you know, a top tier
graduate degree from an international economics and finance and I
worked at the Federal Reserve for years, and.
Speaker 1 (19:07):
Let's have it. Go right ahead.
Speaker 5 (19:09):
Yeah. So there's basically just three or four points I
wanted to make and then I'll hang up. One is
I think, you know, with Mexico and China, I actually
agree with what he's doing, but for not for economic reasons.
I mean, any any international economists will tell you that
you're as you've heard that, you know this is suboptimal
and it's going to you know, screw up prices and
(19:31):
it's going to be bad for the economy. But from
a political point of view, I mean, you've got an
immigration illegual immigration problem and a Fentanyel problem with Mexico,
and with China. You've got the fact that you know,
the the Chinese to clear economic war on US two
decades ago, and it's about time they're finally waking up
to that fact. I have to give Trunk credit for really,
you know, smashing the maut over the Americans head and saying,
(19:54):
you know you're going to play harder.
Speaker 2 (19:55):
Ball with China.
Speaker 5 (19:56):
So I agree with him on that. And also you
getting a lot of fentanyl from China. Apparently they make
all them raw materials.
Speaker 7 (20:02):
For fanastyes from Mexico.
Speaker 5 (20:04):
So so slapping or using tariffs as a weapon against
those two countries for separate political reasons, not for economics,
but for political reasons, to help with the immigration issue,
to help with the Fennel issue, I'm all for, and
also to help in China, particularly to open up their economy,
to force them to open up their economy, to the
American expert, So I completely agree with him on that,
(20:26):
but not for economics. I don't know what he's doing
with Canada. I mean, Canada is not a problem like
you know with US, really, I mean, so to me,
that's just bizarre. I think it's just a personal animosity
he had with Trudeau there for a while.
Speaker 1 (20:40):
But I will tell you this that the amount of
people who are coming across the border in recent months,
I believe from Canada or is that number has actually
been greater than Mexico. I saw a statistic on that today,
So it could be really he feels that that that
he needs to get the border tightened up in more
cooperation with Canada. I'm just speculating there, but I think
(21:03):
I saw that today that people have figured out and
maybe even drug importers have figured out that it's easier
to breach the Canadian US border now than it is
to breach the Mexican border. Just don't want to throw that.
Speaker 5 (21:16):
Out there, Okay, Yeah, I mean, given you know, I'm
half Canadians, I find that I'm skeptical of that. But
I who knows, maybe you know, maybe that's maybe there's
some truth to that, and in fact, they've tied up
on Mexico so much. You know, they're diverting all this
stuffing to Canada. It's still, i mean still kind of
difficult to believe, and especially with Canada. I mean, we're
(21:37):
really interdependent with Canada. That's going to really screw up
the auto industry what he's doing with the Canadian the
Canadian market there.
Speaker 2 (21:43):
So that would be the third.
Speaker 5 (21:45):
The fourth one is you know why I kind of
agree half of That's the problem I always have with
Trump is that, even though I've never really voted for
I'm not a big fan of him from a personal
point of view, I've always had the sense that half
of his policies are actually pretty good. And it's kind
of like, my gosh, if you could just you know,
kind of find tune in a bit, because you know what,
the Europeans, Yeah, they play hardball with us on trade.
(22:08):
They've got all those value added you know, obstructions and
things like that. So I can see, you know, you know,
doing some tariff stuff with them, but I would say,
do it select more selectively. Do what he's doing right
now with Mexico in China to force them to you know,
straighten things out on the fentanyl and on the immigration issue.
And then for the rest of the countries.
Speaker 2 (22:28):
We go through.
Speaker 5 (22:29):
There's a list of these fifteen countries they call them
the dirty fifteen that we have terrible trade deficits with.
Go through each one of those countries and basically figure out,
you know, which goods you want to slap heavy tarifs
on and which ones you don't, and be more careful
about more selective, I think would be the rational thing
to do. We difficult to do it.
Speaker 1 (22:47):
We have a trade with a trade in a few weeks,
you know, we have a trade in balance with the
European Union of about a quarter of a billion dollars.
We have a trade in balance with China about two
hundred and ninety two billion, a trade in balance with
Vietnam one hundred and twenty three billion.
Speaker 2 (23:07):
Yeah.
Speaker 5 (23:07):
Yeah, So you can go through each of those fifteen,
it's like they call them the dirty fifteen. Go through
each one of those, figure out where the problem is,
and basically play hardball with each one of them individually
as you want to. And also the other issue is,
you know a lot of these these things he's snapping
tariff's on, We're not going to be able to make
those goods as substitute goods very very quickly. I mean,
(23:30):
so god knows what the industry is here are going
to do if they don't have these. I mean, it's
really going to disrupt a supply training credibly.
Speaker 2 (23:37):
Yeah, the example.
Speaker 5 (23:39):
Already with the industry, So I mean, it's it's an
incredible experiment.
Speaker 1 (23:44):
You know, I know that Joe give me a couple
of examples of the things that we do not manufacture
that he slapped tariffs on.
Speaker 4 (23:53):
Well, I.
Speaker 5 (23:55):
Nothing off the top of my head, but I know
I'm hearing that. You know that I understand that the chips.
Speaker 1 (24:00):
Right now, he wants to bring computer chips back to
the country. I mean, there was a point in time
where we allowed the computer chips and actually encourage them
to leave the country. There was a piece of legislation
passed by Congress and signed by Clinton in nineteen ninety six,
and it was bipartisan by the way, that chased a
lot of computer chip companies out of believe it or not,
Puerto Rico and sent them over to Taiwan. Why that
(24:22):
was done Legislative new Gimbridge and Joe Kennedy, Republican and
Democrat were leaders on that, which doesn't make a lot
of sense. Joe, I love you.
Speaker 5 (24:32):
I mean this is again an issue where he's right,
I think. I mean, I'm all for bring the computer
ships home because also i think like ninety percent of
them being manufactured in Taiwan, which is a very vulnerable.
Speaker 1 (24:42):
Area, very vulnerable. Right if China moves in, what do
we do about computer ships?
Speaker 5 (24:48):
Oh yeah, but I'm just hearing that. You know this,
I mean, this is the international supply chain. I mean,
it's so complicated. You've get all these you know, millions
of different pieces and products coming in and out, and
a lot of them area in industries are just not
set up to like all of a sudden, you know,
you know, substitutes for that quickly in an economic way. So,
I mean it's going to be quite an experience to
(25:08):
see what happens in the next year or two here.
Speaker 1 (25:10):
Well, it's it's certainly going to be I think what
we'll define his second term in you know, perhaps define
both of his terms in office. Got to run. Joe,
thank you much. I don't know if you've called me before,
but I hope you become a more regular caller.
Speaker 5 (25:26):
Yeah, I've called you before I because this is about
my third or fourth call always on the economic political stuff.
Speaker 1 (25:30):
I appreciate it. I really do. Thank you much appreciate it.
Next up is Jim. Jim you are you're you're at bat, Jim,
go right ahead.
Speaker 6 (25:39):
Damn, thanks for taking my call.
Speaker 1 (25:40):
How are you. I'm doing great. Love to know what
you think on this.
Speaker 6 (25:44):
I'm glad to hear it. Well, I'm glad you picked
up on the first time caller thing. I'm not a
first time caller. My second thing is I I think
maybe obviously a lot is being done with regard to tariffs,
but I sense very strongly that that there's a lot
(26:06):
going on with this administration in terms of god knows
what else defense, intelligence, finance in addition to the tariffs,
and maybe the tariffs are just like a big I
don't know, okay, as far as as far as like
(26:29):
Warren Buffett said that tariffs are an act of war.
As far as I could tell, it would just be
like a defensive act to defend ourselves against these cheap
products that are being made available to us, and US
sending all of our our sort of our capital out
(26:49):
of the out of our country. And then the third
thing that I was gonna say, let me look at
my notes here. Well, I think what's going on with Canada.
Here's what I think happens. And I don't know for sure.
This is just something i've kind of.
Speaker 1 (27:06):
Okay, let's hear. You don't have to categorize.
Speaker 6 (27:09):
I think, Well, I think what happens is I think
the precursors come into Mexico and then come into the
United States through Mexico, and then the product is blended
here and distributed and sold here, and then I think
the money is laundered in Canada before it goes back again.
Speaker 1 (27:26):
That's a little off where we are tonight. Uh, And
I don't I don't know. You said it's speculation. I
know that the that the product comes in a fedel,
It comes in from China, manufactured in Mexico. Whether or
not now they're bringing in over the border in Canada,
I don't know. I simply read something the other day
(27:46):
that said that surprisingly there are more people coming across
the border now from Canada than they are coming across
the border.
Speaker 6 (27:53):
From what happens with a lot of chemicals is they
come in just before they become hasmat because nobody wants
to pay for transportation of has mats. Then when they
get near to where they wanted to become a has mat,
they mix them and turn them into a has mat.
So that's just something I've observed, and I know there's
a lot of monkey business going on up in Canada
(28:15):
with money. So anyway, taking this ball, thanks all.
Speaker 1 (28:18):
Right, thank you, you appreciate it. Let me get one
more in here before the break. I'm trying to move
people a little bit more quickly. Mike is in Beverley. Mike,
you're next one. Nice. I go ahead.
Speaker 7 (28:28):
Hey, Dan, how are you?
Speaker 4 (28:29):
Can you hand me?
Speaker 1 (28:30):
I can hear you find Mike? What you're taking? What's
been going on today?
Speaker 2 (28:33):
Oh?
Speaker 4 (28:34):
Greatnald Dan. What was Trump's when he left off was
what was his inflation rate? His inflation was one point
twelve percent. He did the same thing and at first administration. Okay,
the Canada thing, we don't need Canada products. That's the
part of Canada and the fatanas situation, Joe, that's the
(28:55):
Canada situation. That was that as oh and the other
Pine is speaking Josh's I don't know, I don't want
to read talk about something else. But the money come
from the tariff is gonna bring the capital gains tax
and the employee payroll attacks down. They're gonna use that
money from the tariff, so they guess it's gonna bring
(29:16):
that taxes down.
Speaker 1 (29:18):
Well, let's see, let's see if it works. Let's see
what happens. Again, it's we could, you know, we could
speculate as to what might happen. I just think when
you look at what the stock market is going to
do tomorrow morning, obviously business doesn't like it.
Speaker 4 (29:34):
Let's can't watch the stock market, Dan, you can't watch it,
and they're gonna work that way, Dan, you're gonna watch
the stock market's not gonna work.
Speaker 1 (29:41):
Sorry, Well, thanks very much gonna clarifying that for me
because I've never for I know, you know, I know
nothing about the stock market. I'm sure you're more heavily
invested in the market and have a better understanding of
it than I do. So I appreciate your insight on
that one, but we'll see what happens.
Speaker 4 (30:00):
Some I've had a whole lesson of the town numbers
that East Country charge us. So you're okay, other county
choge more money. Like the alcohol, there was there was
some type of hard liquor. I can't want to call them.
They charge us two hundred percent in town. You're okay
with that?
Speaker 1 (30:18):
Well, I generally am a I am a free market type.
Speaker 4 (30:22):
Guy, meaning if I yeah, but that's what happens, Dan, let.
Speaker 1 (30:26):
Me if you wouldn't mind, I'd love to be able
to finish my thought, Mike, Okay, And that is that
if Canada, let's say, is importing a liquor into America
uh and or or we're importing a liquor into Canada
uh and the tariff, let's say, in either direction, is
(30:46):
two hund that's going to make that product pretty darn
expensive when you when it gets to the retail shelf.
Speaker 4 (30:54):
You you're with me on that, right, Yeah, but that's
what that charges on us, Dan.
Speaker 1 (31:00):
Right. So what I'm saying is if when it gets
to the shelf in Canada, instead of let's say being oh,
let's say fifty dollars a bottle, it's one hundred and
fifty dollars a bottle because there's a two hundred percent
tariff on it. If the Canadian consumers still are willing
to buy the product, that doesn't hurt us, and it
(31:24):
doesn't hurt the manufacturer. But if all of a sudden,
people in Canada really saying it's too much money, they're
going to stop buying the product, and then the American
manufacturer is going to say, well, I'm not going to
be able to take to sell my product in Canada.
So they were going to be What I'm trying to
say is there's going to be some real world implications
(31:45):
here for any country, both the country that is producing
and exporting the product and the country that's importing the product.
So on the one hand, if the teriffs become overburdensome,
Canada will be penalizing their population because they will have
(32:05):
fewer products from which to choose. America will be hurt
because the people here will at some point say we
got to cut back our production because we no longer
have a market in Canada. So you know, there's a
yang and a yang to it, Mike, and we're gonna
have to see how it plays out.
Speaker 4 (32:25):
I get it. I'm just trying to say. There was
a list Trump put out today that all the reporters
going on. All the numbers. I just don't remember all
the numbers off the top of my head, but some
of the numbers are like one country. China does us
like astronomic comeout of numbers. It's like crazy, you know
the task we get charge from other countries on things.
Speaker 1 (32:47):
Yeah, I can give you what I can give you
one right now. Just you can keep this in your mind. Okay, Uh, Korea.
Our new tariff on Korea is going to be twenty
six percent on Vietnam, it's going to be forty six
percent on Japan, twenty four percent on China, thirty four percent.
(33:10):
We'll see, we'll see how this plays out. This is
this is We're not even through a twenty four hour period. Mike.
I appreciate your effort. You're a Trump guy, and I'm
sure that you are very comfortable with what he's doing.
And I'm gonna have you hopefully check it with me
maybe a week or two from now, and see how
things are going in your life. This will either make
(33:31):
or break his presidency, is what I'm trying to say
to you, and I think you would agreed.
Speaker 4 (33:35):
Bring bring back American jobs, bring back American jobs and
playing American workers.
Speaker 1 (33:40):
That's a that's a good slogan. Let's see if it works. Thanks, Mike,
appreciate it.
Speaker 4 (33:44):
Thanks, good night.
Speaker 1 (33:45):
I have a good one. We'll take a very quick break,
coming right back on night side.
Speaker 6 (33:48):
If you're on night Side with Dan Ray on Boston's
news radio.
Speaker 1 (33:54):
Let's pick it up here, people. Let me go next
to Matthew and Pembroke. Matthew, you are next on Nightside.
Go ahead, Matthew.
Speaker 8 (34:02):
Hey Dan, how are we doing?
Speaker 1 (34:04):
I think I'm doing okay. I think we're learning a
lot tonight. I think every perspective has brought something to
the table. What's yours?
Speaker 8 (34:11):
Yeah, well, I didn't vote this time around. I didn't
really care for either the you know who was running.
But is I think if he takes his tariff money
and puts it all of it towards the deficit, it
would be a good thing. If you give all his
friends and cuts taxes, I think it's an awful thing,
(34:33):
and he should be out of the presidency because it
really has to go to the next generations.
Speaker 3 (34:40):
To pay off that debt.
Speaker 8 (34:43):
In regards yeah, yeah, so in regards to the stock market,
you know, if you have five years, if you're over
fifty five getting ready to retire, your whole strategy shouldn't
be aggressive, and then you wouldn't be hit with all
this highs and lows of the stock market going up
six hundred points. But if you're an individual stock by
you you buy at the low or you just hold.
Speaker 2 (35:07):
Yeah, well that's my thoughts there.
Speaker 1 (35:09):
Well, I think you're right on that. I mean, if
you're young and you have and you have some stocks
you like, I think everything takes a hit tomorrow. I
think it's one of those days where.
Speaker 8 (35:17):
Yeah, when you're younger, you take more risk. You know,
you get older, you don't have to worry so much.
But the other thing is, if we don't stop making
on medications and we go to war, they've already won.
Speaker 1 (35:32):
Yeah, but here's the deal. The next war is not
going to be a traditional land war. I mean, yeah, unfortunately,
I think they'll they'll bring out the big guns and
it will be over for better or worse too quickly.
And that's that's awesome. The risk we run.
Speaker 8 (35:53):
Well, yeah, if they're making other countries are making on
medications and they don't ship them, that's that's a big,
big problem. We should be making things like that in
our own kind of Oh, I.
Speaker 1 (36:04):
Agree with you totally. No, I totally agree with you,
even if for non war time purposes. No, but what
I'm saying is that if we ever get into a
big war, it's going to be the last war. Okay,
there's just too many countries that do have nukes or
suitcase nukes. You know, we're I do believe we have
(36:28):
to be very careful in the next you know, ten
or fifteen years to make sure that we do not
open up a kid of worms. The World War two
and the World War One, trench fighting and ground troops,
that's over, that's so last century. Unfortunately, you know this,
(36:51):
this would be very as he would say that this
would be big and in a big one. I don't
think there's any winners in my opinion.
Speaker 8 (36:59):
No, thanks for taking my called in.
Speaker 1 (37:01):
Hey, thank you much, Matthew. As always, we'll talk again.
Great call, very very sixteen, Thank you, good night. Okay
for THO, I'm not going to short change anyone. I'll
tell you the only lines we have opened right now
are six one seven. So if you call then those
two lines we can get you in. And in the meantime,
I got Bob and Waymouth, Tina and WCA will leave
(37:21):
us off, John and Foxborough. Let's keep rolling here. We
are talking about Trump's tariffs as a matter of fact,
let me end this hour because I don't want to
short change anyone, anyone at all. This is the President
today as he addressed the nation from the from the
Rose Guard, and let's let me get one here. Uh,
(37:46):
here's one on China, Rob Real quickly cut twenty three.
Speaker 9 (37:51):
I have great respect for President she of China, great
respect for China. But they were taking tremendous advantage of
them of US, and and I commend them for that.
I say, hey, if you can get away with it,
that's okay. But you know, they understand exactly what's happening,
and they probably most of them are saying it's about
time they did something. But and they're gonna fight, and
(38:13):
they're gonna fight.
Speaker 1 (38:14):
For everyone's gonna fight. You know.
Speaker 9 (38:16):
It's like I say to the leaders, look, you got
to take care of your country, but we have to
start taking care of our country now. We can't do
what we've been doing for the last fifty years.
Speaker 1 (38:26):
That was Donald Trump today. You can react give us
a call right after the news
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