March 31, 2025 • 33 mins
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Speaker 1 (00:03):
It's that time time, time, time, Luck and load. The
Michael Verie Show is on the air.
Speaker 2 (00:27):
Tesla Terrorism and tariffs, or Trump tariffs. If you wanted
another tea to be alliterative, I suppose Wednesday President Trump
is referring to as Liberation Day, the day that America
begins to protect itself against the world. We're going to
(00:48):
talk about tariffs, and we'll talk about the teslas as well.
Speaker 1 (00:53):
Today because I.
Speaker 2 (00:54):
Think it's important that people understand these basic tenets of
economic and based on the emails, I get a number
of people are curious as to what's going on. But
we start with a poll that I saw the results
of earlier. It was a Fox News poll conducted March
(01:14):
fourteenth through the seventeenth, so it was in the field
up until two weeks ago. I don't know much has
changed since then, but the and it was a plus
or minus four percent poll. And this is outside the
margin of error, So assuming the poll was done well,
the question was Trump's handling of the economy? You approve
(01:37):
or disapprove? Forty three percent approve, fifty six percent disapprove.
Now it's called the cross tabs in polling. It's very
you learn a lot. Businesses do this a lot on
you when they can get you to answer questions. They
first want to know your race, sex, age, and then
(02:00):
they want to know how much money you have and
your ideological position depending on the product and what they're
trying to sell, And they want to know what drives
you or you a value proposition per you want something cheap?
Are you a person who's going to build your identity
into the product? So the cross tabs tell you more
than the basic do you like or not like this product?
(02:22):
So the forty three fifty six is not as helpful
as I would like it to be. I haven't laid
my hands on the pole itself. But what would be
interesting to ask after that is, Okay, if you disapprove
of his handling of the economy, what exactly do you
disapprove of he's been president for sixty days. What has
(02:44):
he done that you don't like? Or do you just
kind of generally not like him? Well, what people don't
say when they're polled is, look, I have no idea
what he's done, I have no idea what he could do.
I'd know I need a job, I need a job,
(03:05):
or I just know money short or whatever else. So,
and that's okay, there's nothing wrong with that. Everybody doesn't
have to be as informed as you are, but they're
being told to daily.
Speaker 1 (03:19):
And this is my problem that Trump's messing up the economy.
Speaker 2 (03:23):
I have listeners who say, hey, Michael, I'm a Trump fan,
but I'm not sure on these tariffs. And I'll send
back and say, okay, what about the terriffs worries you?
Speaker 3 (03:35):
Now?
Speaker 2 (03:35):
I say I don't know. I don't even understand them.
Then why were you not sure on them? If you
were going to have a presumption, why wouldn't your presumption
be that you favor them instead of disfavoring. You don't
even realize that you're being sold all the time, even Republicans.
Speaker 1 (03:55):
And here is the problem.
Speaker 2 (03:56):
A lot of folks on our side like to dip
their suckers for punishment. They are suckers for punishment. It's
why people get on a roller coaster scare the hell
out of me. It's why haunted houses are so. I
went to a haunted house in Baton Rouge one time,
and they had catacombs down below, and it was these
two gay guys that are nurses that had to quit
(04:17):
being nurses, which was a good paying job at the
hospital there because they had the third best ranked haunted
house in the country.
Speaker 1 (04:25):
Michael Hudson was a market manager at the time.
Speaker 2 (04:28):
And he took me there because I was doing a
station event or something at the time. And we went
in and I'm not a haunted house guy. I'm not
a horror movie guy. That's not my thing. But they
had become a show sponsor, I believe, and this thing
was supposed to be world class, and I thought, how
good it is a haunted house.
Speaker 1 (04:47):
Ooh uh, okay, all right. I went in and this
thing I've never seen anything like it. The production values.
Speaker 2 (04:56):
They hire actors who live and work in back rouge
and struggle to pay their bills, but during the month
of October they pay them. They get a salary. They're
working every day. These people were over the top. And
I don't just mean they were screaming or acting stupid.
They had scenes where you would walk through there and
blood is spurting out of a patient that's laying on
(05:16):
a gurney, and it's like what you would imagine a
hospital would look like in eighteen eighty and the doctor
turns and looks at you. You know, you've interrupted him
in the middle of his surgery. And I mean it
was a level I'd never seen before. It was I'm
glad to win. It was quite the experience. So I
interviewed the guys afterwards, or at least talk to him
in person. I think I just talked about it on
(05:36):
the air. I don't think I had him on the air,
but I may have had him.
Speaker 3 (05:38):
On the air.
Speaker 1 (05:39):
And it was quite It was quite a deal.
Speaker 2 (05:43):
They were what they were doing there anyway. People liked
to be scared. People like to have these odd emotions.
When my wife's mother was allowed, she was a doctor
in India and the house they lived in one wing
of the house was where they lived the other wing
it was like an l was her medical clinic in
(06:07):
a rural environment. And my wife grew up watching these
people who would come to the to their house. They
would knock on the front door and my wife's mother
would say, you know, go back in there, don't. I
don't want you out here, and you'd be there and
some guy would have a nub of an arm left
(06:28):
and he was afraid that the infection would go all
the way up and kill him.
Speaker 1 (06:31):
So she would have to deal with. He had lost
all his.
Speaker 2 (06:34):
Fingers and then his hand, and then all the way
up to his elbow. And so what happened, what would happen,
was that these people were too poor to be able
to afford alcohol, and they would make cheap pooch. But
some of them couldn't even afford that, and so they
would put their hand into a cobra pit. You heard
this before, you heard me tell it, or you've heard
(06:54):
of it, and the venom they would. And so the
problem is it just took more and more like any
other drug. So there are people who, even on our side,
can't help themselves to put their hand in that pit,
and then they get very upset.
Speaker 1 (07:09):
Migael will what Rachel Madou said. Yeah, she's an idiot,
but you need to hear this. No, I don't know.
Speaker 2 (07:15):
You need to hear what Why nobody's listening to her
except for you. And here's what happens, whether you realize
it or not. Some of her idiotcy sinks in some
of her doubts, because sometimes her doubt is not couched
in Rachel Maddow. Sometimes her doubt is couching somebody like
(07:35):
Nikki Haley or Mitt Romney or Dick Cheney or somebody that, well,
he doesn't have it in for Trump. Maybe he's Republitan
that he assays this. So even some of our people
are worried with the tariffs. And I'm okay with you
being worried about the tariffs if you can explain why
you're worried about the tariff. But if you don't fully understand,
(07:59):
if you tell me that we shouldn't put a twenty
five percent tariff on Canada and Mexico and you can't
tell me on average what they're tariff's on our products
into their country, is said, we have a problem a
ten percent tariff on China. Why well, I like cheap stuff. Okay,
you like cheap stuff or you like hi wages for
our employees because you can't have both.
Speaker 1 (08:17):
We're going to talk about this coming up.
Speaker 3 (08:20):
Listen to the Michael Berry Show podcast and you'll be
the smartest guy in the room. Share with your friends
and you'll be the most popular too.
Speaker 2 (08:29):
So, a tariff is basically a tax, for what you
may have heard in Civics lesson when you were in school,
a duty. You can call it a custom duty, a
duty being a tax, a fine. You can call it
whatever you want. Fines tend to be related to behaviors.
You can avoid a fine, but you can avoid at tax.
(08:51):
But for the purposes of this conversation, and forgive me,
I know you know this, but somebody else may not,
let's make sure we all understand. So a tariff is
something at tax that you impose on a product before
you bring it into your country, and the exporter from
that country who is sending it to the importer here,
(09:12):
they pay it. So, as I explained earlier today, I'll
use the same example. If they've got a bushel of
fruit coming from Mexico to the United States, and they
sell that bushel for one hundred dollars. The guy on
this side, the American importer, he pays one hundred dollars
per bushel to bring it in here, and then he
goes and sells it for two hundred dollars on the
market or whatever that is, and or he breaks it
(09:35):
up into pieces and sells it. But let's say he
gets two hudred back for that. So now we impose
a twenty five percent terrify on him, and that means
that he must now pay one hundred He must Now,
if he's going to sell it to the end user
here I mean to the importer for one hundred dollars,
(09:56):
he's got to eat the twenty five dollars so that
goes straight to his bottom line, or he has to
pass the tax on to the importer. So he says,
you got to pay me one twenty five because I
got to take twenty five out of what you pay
me and pay the tariff. I gotta pay your government,
all right, Well, American consumers are very price conscious. A
lot of people love to get a deal. Love love,
(10:19):
love to get a deal, even if it's not going
to make or break even. They're not going to save
the money. Begetting the deal is the thing for a
certain shopper. My mother was that way, my father's that way.
So the one hundred dollars that they would have sold
it to you for now makes it one hundred and
twenty five.
Speaker 1 (10:39):
Well, it may be the case.
Speaker 2 (10:40):
Let's say El Salvador has a bushel they can sell,
but they can only because they have to push it
further from El Salvador to get it up to the
United States, and that's added ten dollars, so they can't
sell it to the person who wholesales it imports it
here but for one hundred and ten. So they couldn't
compete with the Mexican bushel. But now they can. They're
(11:01):
fifteen dollars cheaper. So the American importer says, my customer
doesn't care where it's from.
Speaker 1 (11:06):
He wants it's cheap.
Speaker 2 (11:07):
So El Salvador, I'll take your product for one hundred
and ten, and I'm not going to take the Mexican
product for one hundred and twenty five. So the Mexican
has to drop his price and drop his profit, and
he may not be able to do that. He may
not have that much profit margin built in. Often profits
are often profits are much leaner than you imagine, and
(11:29):
they try to get there through volume.
Speaker 1 (11:32):
So that's how a tariff works. Custom duty duty.
Speaker 2 (11:36):
Now people will tell me, but Michael, I thought you
were for free trade. I am very much a free
trade person. Free trade is what is a competition that
allows companies wherever they may be. It not only allows,
it requires companies to compete, and competition is good. Competition
(11:58):
is not always good or should I say desirable, for
companies because companies want to have a monopoly and they
don't care if you're getting new and improved products.
Speaker 1 (12:10):
They want to maximize profits. That's understandable.
Speaker 2 (12:13):
They will create, they will innovate new improved products because
that's how they get more sales. That's why you're always
changing models, makes it models or models the on vehicles
because you want that new and that new and that
new and that new feature.
Speaker 1 (12:27):
There's always some you know, crab walks. Oh okay, all right, So.
Speaker 2 (12:33):
The company needs the competition of other countries in order
to be better than the other country. But if they're
going to have access to the American marketplace, the consumer marketplace,
the greatest marketplace in the world by far, America's dominance
(12:55):
in the world is more a function of our marketplace
than anything else.
Speaker 1 (13:01):
It is our economic strength. It's incredible.
Speaker 2 (13:06):
When you close that off to Mexico or Canada or China,
you absolutely knock them to the ground.
Speaker 1 (13:16):
The economic impact would be overwhelming.
Speaker 2 (13:19):
Now it's hard to do because the American consumer says,
oh yeah, but I like going to the dollar store
and paying a dollar for a hammer, even if the
hammer breaks in ten minutes.
Speaker 1 (13:30):
They don't care.
Speaker 2 (13:31):
They like the cheap, cheap, cheap, cheap, cheap, And that's Okay,
there's nothing wrong with that.
Speaker 1 (13:35):
There are Americans who convinced themselves.
Speaker 2 (13:38):
I'm not going to pay a dollar more for a
twelve dollars item so that it can be made in
America by an American family and create an American job
and support American manufacturer.
Speaker 1 (13:47):
I'm not going to do it.
Speaker 2 (13:48):
Ovill tell you made in America matters, but made in
America only matters to the extent that you're willing to
pay more to ensure that it's made in America, and
they're not. If your product was it's cheaper, same product
and it was cheaper, I'll buy made in America. Well, hello,
you don't get an award for that. You didn't make
a sacrifice. You did something you were already going to do,
(14:11):
and now you want a ribbon for it.
Speaker 1 (14:12):
You don't get a ribbon.
Speaker 2 (14:13):
The ribbon is for going to a hassle paying more
for something because you believe in this. I'm not mad
at you buy the cheap Chinese jump. I don't care,
but don't try to act like you're making a principal
decision here because you're not. So you get people that
want high American wages, which means it costs more for
(14:34):
our product than it does a product where they don't
a product coming from a country where they don't pay
those wages. You want lawsuits so that every worker can
sue their company and get rich off of it. And
we know that's happened. Well, that increases the cost. So
you want to load all these costs on American manufacturers
so that we can't compete with companies like China with
(14:55):
cheap labor, or now South Korea in a number of
other countries get their stuff together. They would have been able.
I mean, that was what the whole Maquiladoras were about.
But the problem is they can't build things there. They're
too corrupt. They don't have organizational systems, they don't have
management structures, they don't have supply chain, so they've never
really that should have been that should have been a
(15:15):
big boon, but it's been a bust in any case.
Speaker 1 (15:20):
The problem with all of this is, so we are
consumers of the world's goods.
Speaker 2 (15:24):
We make the rest of the world wealthy with our
consumption model, and they make things. There are countries where
you can't get their products that they make because they
send them here because they can sell them for more
transportation costs have reduced dramatically, I mean dramatically over the years.
These Chinese containers and beyond has meant that you can
(15:48):
spread the cost of shipping goods into the American economy
for a whole lot less. Now the question is if
we're going to buy their products and let them compete
with us, even though we've saddled our companies with much
bigger burdens. We're typically better in electronics and value added goods,
not in cheap manufactured goods, because that's just a pure
(16:09):
price perso. But what are they doing to our companies there?
They are closing off their market to our product. Trump's
just saying reciprocal terrorists. We're going to do the same
thing to do.
Speaker 3 (16:19):
Four out of five feature surveyed said listening to the
Michael Barry Show podcast improved their love life. The fifth
person didn't deserve one anyway.
Speaker 2 (16:29):
So if we send a product into Canada cost one
hundred dollars, we would have to pay two hundred dollars
separately for the one hundred dollars that that we get
paid for our product. So the person who imports our
product would have to pay us three hundred dollars for
(16:49):
something that we would only keep one hundred dollars up
because their government says, if you want to import a
product from the United States, and this is most of
our industrial, our agricultural, it's between two hundred and three
hundred percent in tariffs. So for us to send our
bushel to them for one hundred dollars, we have to
(17:09):
sell it to them for three hundred. So that protects
their companies. So their companies are not as efficient as
ours because they don't have to undercut our one hundred
dollars product for our price. They only have to undercut
our three hundred dollars price because the invisible hand has
been removed in the marketplace supply demand, consumer choice, and
(17:32):
instead there has been an artificial altering of the prices.
Our product can't get to the Chinese street on the
market for under three hundred dollars, even though we can
make it and transport it for one hundred dollars, because
the government steps in and says, no, we're the mafia.
We're going to keep our percentage. So why did we
let them do that? Why did we let them do
(17:56):
that to protect Canadian companies? Now that means they're consumers
pay more for goods because we could have put that
bushel on your streets for one hundred dollars, but now
it's three hundred dollars. And so the Canadian competition, which
is what they want you to do, is two hundred dollars,
(18:19):
which means a very fat profit margin for the companies.
And you pay more for the product because you're paying
the government or overpaying for a product that could be
a lower price. So the consumer gets shafted. But the
Canadian people don't mind because this Canadian people have been
taught that this is good. See, a lot of countries
(18:42):
believe that it's in your national interest to only have
companies based in your country to make your products, never
do business with foreign companies. Okay, well, that's going to
mean that you're not going to get the best Belgian
honie or French cheese, or California wine, or the best
(19:05):
eggs that could be made in the world, are the
best roses or anything else. Means you're going to be limited.
And if you go to socialist countries, you'll see that
the shelves are beare It's depressing. It's truly depressing, doesn't
matter how much money you have, and how cheap things are.
When you go to a third world country, you go
(19:26):
to the shelves and there's nothing on them, nothing to
buy because they've not spurred ingenuity and output in production.
So what President Trump is simply saying is reciprocal terrafs.
Y'all put them on us, We're gonna put them on you.
And so what these companies, what these countries do is
they hire lobbyists. We can't do this inside there. You
(19:47):
can't go and lobby the Chinese government as an American.
But the Chinese government can hire spies, and they have
a lot of them. Remember Diane Feinstein's driver for ten years.
Remember Fangbang that was sleep been with Eric Swallwell when
he was on an important committee. We've got Chinese bis
of plenty. They're buying off Hunter Biden, Joe Biden, kicking
(20:08):
some up to the big man. And what they're doing
is crafting campaigns to the American people who say, hey,
protecting American industry from Chinese, from Chinese government companies is
not good for you. You don't want that. You want Chinese goods,
(20:30):
not American goods. You want Chinese jobs, non American jobs.
You want to just be a consumer of cheap stuff.
You don't want to protect the jobs in your country, right,
you don't want to protect industry and investment. You want
all that to move to China. And by the way,
your industry manufacturing, oh it's very filthy, it'll.
Speaker 1 (20:49):
Ruin the air.
Speaker 2 (20:51):
So you want to sign on to this and shut
down all your manufacturing. Very clever move by the Chinese,
very clever. You got to give them credit. The Chinese,
as part of a grand plan, have invested a lot
of money on these international organizations who all these United Nations,
all of them designed to reduce the carbon footprint. Yes,
(21:14):
American and European industrializations should come to a halt, and
they have largely succeeded in their goals, probably far beyond
what they ever expected. We can't have American plants because
they pollute and it's terrible.
Speaker 1 (21:27):
And the world will come to an end. So we did.
Speaker 2 (21:30):
We close them down. Germany closed them down, England closed
them down, France closed them down. All the while China
is continuing to invest in their plants. Coal powered the
filthy of them all, filthy forms of energy production and emission.
(21:51):
The top twenty five production facilities in the world. I
think twenty four of them are India and China. And
India's joined did on that green energy thing too. Oh
it's all green. But China is driving this this wagon.
Speaker 1 (22:05):
We got it.
Speaker 2 (22:06):
We got to stop when we've got to have international
accords and we got to have democrats in America hassling
industry to shut the industry down. Remember Hillary Clinton said,
if you are a coal miner, you're gonna lose your job.
Remember that you're gonna have learned the code, find another
job because it's filthy. But this is where I've lived
for five generations. This is my family, this is what
I'm good at. This doesn't matter. It's filthy and nasty.
(22:28):
And the Chinese told us to do this, and that's
what we're doing. They pay my bills, not you. And
that's where we are. That's where we are in this
whole process, and it's worked. I mean, you got to
give them credit. You can hate them, you should, but
you got to give them credit. They're good. They are
manipulating the United States into shutting down our economy. A
saw a documentary on Germany recently called the d Industrialization
(22:52):
of Germany and German economic laws which make California look
reasonable have call caused so many of their companies to
go out of business. And I mean they're big boys,
they're big industrial companies, they were internationally prominent firms. Have
shut entire divisions of their companies because they can't get
(23:15):
energy to power their products. And if they can't get
energy to manufacture, they can't compete because everything is price.
You can have a better quality, but you have to
be competitive on price. You don't have to be the
lowest in certain fields, but you have to be competitive.
They couldn't be competitive anymore because the cost of the
energy input as part of the manufacturing process was so
(23:38):
out of whack as a percentage of what that finished
product should be that it didn't make sense anymore. And
so if I'm sending out an RFP, hey I need
these industrial products. I need calibration machines for my chemical plant,
and this is a machine I need, and you come
back at twice the cost of a product that's made
(24:01):
somewhere else Japan, South Korea, United States.
Speaker 1 (24:05):
I'm simply not going to choose you.
Speaker 2 (24:08):
And if you don't win enough of these bids that
you used to win, you start shutting down plants and
laying off people. When you start doing that, you lose
the research and development that that company was already doing,
so you fall further and further and further behind. Plus
you put a bunch of new people on your unemployment roles.
And this is the deed. This is cyclical decline that
(24:32):
is accelerated because decline feeds decline because guess what, that
chemical plant or that manufacturing plant that was also the
largest purchaser of catering in the community, so the restaurant closes.
It was also the largest purchaser of health insurance premiums
in the area. So now you don't have enough leverage
to spread out your health insurance, and decline leads to decline.
Speaker 3 (24:53):
Listen to the Michael Berries Show podcast if you dare so.
Speaker 2 (24:58):
I understand pre trade, and I'm a pre trade yeah, but.
Speaker 1 (25:02):
I want you to understand we do not have free trade.
Speaker 2 (25:06):
We buy products from other countries, We allow the importation
of them. They get to use our roads, which you,
the taxpayer, pay for at no cost to them. They
get access to our legal system that they didn't build.
They get access to all the things it takes. Once
(25:27):
they manufacture a product and bring it here on a
container and drop it at the port. Hell, you pay
for the port, You pay for the health insurance, you
paid for the schooling of all the port workers.
Speaker 1 (25:39):
You built the.
Speaker 2 (25:40):
Infrastructure that they walk into and sell their goods, all right,
You and American companies did that right, And they did
that in their country, so it's fine. It would all
be the same except we say, sure, send your product
into the market. If the American consumer wants it, then
you'll make money.
Speaker 1 (25:54):
Good for you. And then we send our product.
Speaker 2 (25:57):
To them, and they got They come out like the
officer in the movie that busts out your your tail light.
Oh it's gonna be a ticket for that, bust out
your front le, ticket for that. Oh you got this
is it's up all of a sudden, you got all
these fines to pay just to come through town. Why
wouldn't you want Trump to write that wrong? Why wouldn't
(26:18):
you or better question, how did it get to be
the play? The case that when Canada and all these
countries slapped these massive tariffs on our goods, our president
didn't say, well.
Speaker 1 (26:31):
Ho, hey, ho, huh, what are you doing?
Speaker 2 (26:37):
We sat idly by, but not because we didn't notice.
Speaker 1 (26:41):
We know they received complaints from American manufacturers because.
Speaker 2 (26:47):
America's government is for sale, because they would have one
hundred certain had lobbyists in DC. They probably paid Joe
Biden directly. By not directly, and that's for effect. They
probably paid Hunter directly, and Hunter's got to kick them
up to the big guy. This is how we end
up in situations like this. This is how so many
(27:10):
of you are resigned to the notion that American manufacturing
is dead. Well, can you find that bit Barack Obama
talking about how is Donald Trump going to wave a
magic wand and get American manufacturing back? It has magic
wand in it. Was he just gonna wigh This was
in twenty six years. He's gonna wave a wand and
bring back American manufacturing. He's actually doing it because guess
(27:32):
what if you're Kia Motors or a Hundai and you
make products in South Korea the cheaper labor, and you
bring it and no lawsuits and all the costs that
we impose on our companies to manufacture goods here, if
you want to bring that into the United States, We're
going to slap such a hefty terif on it that
it's more efficient for you to set up to build
(27:55):
to invest in a plant here, to build a plant
in the United States and make it here. And by
the way, I'm good with this. There are some people
who don't want that. Some people are pure protectionists. They
don't want they don't want to any foreigners here. They
know foreign business making Farman, you want them here. You
want them investing in our land. You want them hiring
(28:15):
our neighbors, you want them eating in our local restaurants.
You want to spur and encourage trade, and you want
international trade within the United States. You do want that
absolutely positively.
Speaker 4 (28:30):
Here was what he said, because some of those jobs
of the past are just not going to come back.
And when somebody says, like the person you just mentioned
who I'm not going to advertise for that he's going
to bring all these jobs back, Well, how exactly are
you going to do that? What are you going to do?
There's there's no answer to it. He just says, well, well,
(28:50):
I'm gonna I'm going to negotiate a better deal. Well,
how how exactly are you going to negotiate that? What
magic wand do you have? And usually the answer you
doesn't have an answer.
Speaker 2 (29:04):
Well, you know how many billion dollars have already been
committed to groundbreaking of companies, foreign companies on American soil.
You want access to our marketplace, make your product here,
simple as that. That's what's what your company requires of us,
(29:24):
Except in most cases they don't allow us to manufacture
in their country. They don't want us there. There are
other knockoff effects. And people in the media and politics
haven't studied economics. Well, people don't understand. A typical government
idea is, you know what, we need more money from
the government. Sorry for the government. So we'll just say
(29:48):
to these big companies. They got all the money, but
we'll just say to them, for every employee you have,
you must now add a dollar per hour and attack that.
We're going to tax you for every hour you pay
that person. Whatever you pay them forty bucks an hour,
we're going to add a dollar per hour tax on that,
and you're going to pay USA because we need to
raise a bunch more money. And in the government's mind,
(30:10):
they go, all right, this is how many man hours
are being paid in America today. We'll multiply that by one,
and that'll be how many dollars we will make per
year on the imposition of that tax and go, okay,
all right, yeah, it's going to work. But here's what
people don't understand. People avoid taxes, they avoid increases, they
(30:31):
avoid Once you make your move, that person is never
going to move the way you intended for them to move.
You go to tackle them and they're going to move
to the side. And that's where government gets it wrong.
So when you get these people who say, well, the
(30:51):
tariff is going to have this effect, what you don't
realize is how how the other side is going to
make moves to avoid tariff, and those moves, not every
one of them, but some of them are going to
be to our advantage. So here was President Trump talking
about the secondary tariffs he's imposing on countries buying Venezuelan oil.
(31:16):
And for those countries, you want to buy Venezuela's oil,
our sworn enemy. You want to buy their oil, fine,
we're gonna put tariffs on. You be better off buying
our oil.
Speaker 5 (31:26):
We put secondary tariffs on, as you know, in Venezuela,
and it's had a very strong impact on Venezuela.
Speaker 1 (31:34):
You know that every ship just got out and that
they left a lot.
Speaker 5 (31:38):
Of them loves the drum those is right into the ocean,
and they left. They didn't want to be there for
a minute because they didn't want those tariffs to catchy.
Speaker 1 (31:46):
But they didn't want me to see them there.
Speaker 5 (31:48):
So the Venezuela secondary tariffs, all secondary tariffs are very
strong because essentially it says, if you disobey our orders,
you cannot do business in the United States.
Speaker 1 (32:02):
That's the cash.
Speaker 2 (32:02):
Can watch Chinese companies buying Russian.
Speaker 1 (32:05):
Oil as well if you plan to go ahead.
Speaker 5 (32:08):
So if in the case of Venezuela, as you know,
China pulled up bankor and left, they were there, they
had two ships there and they left.
Speaker 1 (32:16):
They left empty. They didn't want to take a chance.
Now we're not playing games.
Speaker 2 (32:22):
The rest of the world has raped pillage, taken advantage
of taking charitable money from us for a long time,
and the American taxpayer has been screwed for a long time.
Speaker 1 (32:37):
And Trump is finally standing up for that.
Speaker 2 (32:39):
Is he perfect? No will this will this thing be
pain free? No, there's gonna be some short term pain.
Go ahead and understand that if you want to run
a marathon, your stomach is going to hurt in the meantime,
getting ready. If you want to get jacked, you're gonna
have some burn and your muscles getting there.
Speaker 1 (32:52):
It's not easy. But I'm gonna tell you something.
Speaker 2 (32:55):
If tariffs were such a horrible thing for the country
imposing them on the outside company country, why are all
the other countries imposing them on us.
It's that time time, time, time, Luck and load. The
Michael Verie Show is on the air.
Speaker 2 (00:27):
Tesla Terrorism and tariffs, or Trump tariffs. If you wanted
another tea to be alliterative, I suppose Wednesday President Trump
is referring to as Liberation Day, the day that America
begins to protect itself against the world. We're going to
(00:48):
talk about tariffs, and we'll talk about the teslas as well.
Speaker 1 (00:53):
Today because I.
Speaker 2 (00:54):
Think it's important that people understand these basic tenets of
economic and based on the emails, I get a number
of people are curious as to what's going on. But
we start with a poll that I saw the results
of earlier. It was a Fox News poll conducted March
(01:14):
fourteenth through the seventeenth, so it was in the field
up until two weeks ago. I don't know much has
changed since then, but the and it was a plus
or minus four percent poll. And this is outside the
margin of error, So assuming the poll was done well,
the question was Trump's handling of the economy? You approve
(01:37):
or disapprove? Forty three percent approve, fifty six percent disapprove.
Now it's called the cross tabs in polling. It's very
you learn a lot. Businesses do this a lot on
you when they can get you to answer questions. They
first want to know your race, sex, age, and then
(02:00):
they want to know how much money you have and
your ideological position depending on the product and what they're
trying to sell, And they want to know what drives
you or you a value proposition per you want something cheap?
Are you a person who's going to build your identity
into the product? So the cross tabs tell you more
than the basic do you like or not like this product?
(02:22):
So the forty three fifty six is not as helpful
as I would like it to be. I haven't laid
my hands on the pole itself. But what would be
interesting to ask after that is, Okay, if you disapprove
of his handling of the economy, what exactly do you
disapprove of he's been president for sixty days. What has
(02:44):
he done that you don't like? Or do you just
kind of generally not like him? Well, what people don't
say when they're polled is, look, I have no idea
what he's done, I have no idea what he could do.
I'd know I need a job, I need a job,
(03:05):
or I just know money short or whatever else. So,
and that's okay, there's nothing wrong with that. Everybody doesn't
have to be as informed as you are, but they're
being told to daily.
Speaker 1 (03:19):
And this is my problem that Trump's messing up the economy.
Speaker 2 (03:23):
I have listeners who say, hey, Michael, I'm a Trump fan,
but I'm not sure on these tariffs. And I'll send
back and say, okay, what about the terriffs worries you?
Speaker 3 (03:35):
Now?
Speaker 2 (03:35):
I say I don't know. I don't even understand them.
Then why were you not sure on them? If you
were going to have a presumption, why wouldn't your presumption
be that you favor them instead of disfavoring. You don't
even realize that you're being sold all the time, even Republicans.
Speaker 1 (03:55):
And here is the problem.
Speaker 2 (03:56):
A lot of folks on our side like to dip
their suckers for punishment. They are suckers for punishment. It's
why people get on a roller coaster scare the hell
out of me. It's why haunted houses are so. I
went to a haunted house in Baton Rouge one time,
and they had catacombs down below, and it was these
two gay guys that are nurses that had to quit
(04:17):
being nurses, which was a good paying job at the
hospital there because they had the third best ranked haunted
house in the country.
Speaker 1 (04:25):
Michael Hudson was a market manager at the time.
Speaker 2 (04:28):
And he took me there because I was doing a
station event or something at the time. And we went
in and I'm not a haunted house guy. I'm not
a horror movie guy. That's not my thing. But they
had become a show sponsor, I believe, and this thing
was supposed to be world class, and I thought, how
good it is a haunted house.
Speaker 1 (04:47):
Ooh uh, okay, all right. I went in and this
thing I've never seen anything like it. The production values.
Speaker 2 (04:56):
They hire actors who live and work in back rouge
and struggle to pay their bills, but during the month
of October they pay them. They get a salary. They're
working every day. These people were over the top. And
I don't just mean they were screaming or acting stupid.
They had scenes where you would walk through there and
blood is spurting out of a patient that's laying on
(05:16):
a gurney, and it's like what you would imagine a
hospital would look like in eighteen eighty and the doctor
turns and looks at you. You know, you've interrupted him
in the middle of his surgery. And I mean it
was a level I'd never seen before. It was I'm
glad to win. It was quite the experience. So I
interviewed the guys afterwards, or at least talk to him
in person. I think I just talked about it on
(05:36):
the air. I don't think I had him on the air,
but I may have had him.
Speaker 3 (05:38):
On the air.
Speaker 1 (05:39):
And it was quite It was quite a deal.
Speaker 2 (05:43):
They were what they were doing there anyway. People liked
to be scared. People like to have these odd emotions.
When my wife's mother was allowed, she was a doctor
in India and the house they lived in one wing
of the house was where they lived the other wing
it was like an l was her medical clinic in
(06:07):
a rural environment. And my wife grew up watching these
people who would come to the to their house. They
would knock on the front door and my wife's mother
would say, you know, go back in there, don't. I
don't want you out here, and you'd be there and
some guy would have a nub of an arm left
(06:28):
and he was afraid that the infection would go all
the way up and kill him.
Speaker 1 (06:31):
So she would have to deal with. He had lost
all his.
Speaker 2 (06:34):
Fingers and then his hand, and then all the way
up to his elbow. And so what happened, what would happen,
was that these people were too poor to be able
to afford alcohol, and they would make cheap pooch. But
some of them couldn't even afford that, and so they
would put their hand into a cobra pit. You heard
this before, you heard me tell it, or you've heard
(06:54):
of it, and the venom they would. And so the
problem is it just took more and more like any
other drug. So there are people who, even on our side,
can't help themselves to put their hand in that pit,
and then they get very upset.
Speaker 1 (07:09):
Migael will what Rachel Madou said. Yeah, she's an idiot,
but you need to hear this. No, I don't know.
Speaker 2 (07:15):
You need to hear what Why nobody's listening to her
except for you. And here's what happens, whether you realize
it or not. Some of her idiotcy sinks in some
of her doubts, because sometimes her doubt is not couched
in Rachel Maddow. Sometimes her doubt is couching somebody like
(07:35):
Nikki Haley or Mitt Romney or Dick Cheney or somebody that, well,
he doesn't have it in for Trump. Maybe he's Republitan
that he assays this. So even some of our people
are worried with the tariffs. And I'm okay with you
being worried about the tariffs if you can explain why
you're worried about the tariff. But if you don't fully understand,
(07:59):
if you tell me that we shouldn't put a twenty
five percent tariff on Canada and Mexico and you can't
tell me on average what they're tariff's on our products
into their country, is said, we have a problem a
ten percent tariff on China. Why well, I like cheap stuff. Okay,
you like cheap stuff or you like hi wages for
our employees because you can't have both.
Speaker 1 (08:17):
We're going to talk about this coming up.
Speaker 3 (08:20):
Listen to the Michael Berry Show podcast and you'll be
the smartest guy in the room. Share with your friends
and you'll be the most popular too.
Speaker 2 (08:29):
So, a tariff is basically a tax, for what you
may have heard in Civics lesson when you were in school,
a duty. You can call it a custom duty, a
duty being a tax, a fine. You can call it
whatever you want. Fines tend to be related to behaviors.
You can avoid a fine, but you can avoid at tax.
(08:51):
But for the purposes of this conversation, and forgive me,
I know you know this, but somebody else may not,
let's make sure we all understand. So a tariff is
something at tax that you impose on a product before
you bring it into your country, and the exporter from
that country who is sending it to the importer here,
(09:12):
they pay it. So, as I explained earlier today, I'll
use the same example. If they've got a bushel of
fruit coming from Mexico to the United States, and they
sell that bushel for one hundred dollars. The guy on
this side, the American importer, he pays one hundred dollars
per bushel to bring it in here, and then he
goes and sells it for two hundred dollars on the
market or whatever that is, and or he breaks it
(09:35):
up into pieces and sells it. But let's say he
gets two hudred back for that. So now we impose
a twenty five percent terrify on him, and that means
that he must now pay one hundred He must Now,
if he's going to sell it to the end user
here I mean to the importer for one hundred dollars,
(09:56):
he's got to eat the twenty five dollars so that
goes straight to his bottom line, or he has to
pass the tax on to the importer. So he says,
you got to pay me one twenty five because I
got to take twenty five out of what you pay
me and pay the tariff. I gotta pay your government,
all right, Well, American consumers are very price conscious. A
lot of people love to get a deal. Love love,
(10:19):
love to get a deal, even if it's not going
to make or break even. They're not going to save
the money. Begetting the deal is the thing for a
certain shopper. My mother was that way, my father's that way.
So the one hundred dollars that they would have sold
it to you for now makes it one hundred and
twenty five.
Speaker 1 (10:39):
Well, it may be the case.
Speaker 2 (10:40):
Let's say El Salvador has a bushel they can sell,
but they can only because they have to push it
further from El Salvador to get it up to the
United States, and that's added ten dollars, so they can't
sell it to the person who wholesales it imports it
here but for one hundred and ten. So they couldn't
compete with the Mexican bushel. But now they can. They're
(11:01):
fifteen dollars cheaper. So the American importer says, my customer
doesn't care where it's from.
Speaker 1 (11:06):
He wants it's cheap.
Speaker 2 (11:07):
So El Salvador, I'll take your product for one hundred
and ten, and I'm not going to take the Mexican
product for one hundred and twenty five. So the Mexican
has to drop his price and drop his profit, and
he may not be able to do that. He may
not have that much profit margin built in. Often profits
are often profits are much leaner than you imagine, and
(11:29):
they try to get there through volume.
Speaker 1 (11:32):
So that's how a tariff works. Custom duty duty.
Speaker 2 (11:36):
Now people will tell me, but Michael, I thought you
were for free trade. I am very much a free
trade person. Free trade is what is a competition that
allows companies wherever they may be. It not only allows,
it requires companies to compete, and competition is good. Competition
(11:58):
is not always good or should I say desirable, for
companies because companies want to have a monopoly and they
don't care if you're getting new and improved products.
Speaker 1 (12:10):
They want to maximize profits. That's understandable.
Speaker 2 (12:13):
They will create, they will innovate new improved products because
that's how they get more sales. That's why you're always
changing models, makes it models or models the on vehicles
because you want that new and that new and that
new and that new feature.
Speaker 1 (12:27):
There's always some you know, crab walks. Oh okay, all right, So.
Speaker 2 (12:33):
The company needs the competition of other countries in order
to be better than the other country. But if they're
going to have access to the American marketplace, the consumer marketplace,
the greatest marketplace in the world by far, America's dominance
(12:55):
in the world is more a function of our marketplace
than anything else.
Speaker 1 (13:01):
It is our economic strength. It's incredible.
Speaker 2 (13:06):
When you close that off to Mexico or Canada or China,
you absolutely knock them to the ground.
Speaker 1 (13:16):
The economic impact would be overwhelming.
Speaker 2 (13:19):
Now it's hard to do because the American consumer says,
oh yeah, but I like going to the dollar store
and paying a dollar for a hammer, even if the
hammer breaks in ten minutes.
Speaker 1 (13:30):
They don't care.
Speaker 2 (13:31):
They like the cheap, cheap, cheap, cheap, cheap, And that's Okay,
there's nothing wrong with that.
Speaker 1 (13:35):
There are Americans who convinced themselves.
Speaker 2 (13:38):
I'm not going to pay a dollar more for a
twelve dollars item so that it can be made in
America by an American family and create an American job
and support American manufacturer.
Speaker 1 (13:47):
I'm not going to do it.
Speaker 2 (13:48):
Ovill tell you made in America matters, but made in
America only matters to the extent that you're willing to
pay more to ensure that it's made in America, and
they're not. If your product was it's cheaper, same product
and it was cheaper, I'll buy made in America. Well, hello,
you don't get an award for that. You didn't make
a sacrifice. You did something you were already going to do,
(14:11):
and now you want a ribbon for it.
Speaker 1 (14:12):
You don't get a ribbon.
Speaker 2 (14:13):
The ribbon is for going to a hassle paying more
for something because you believe in this. I'm not mad
at you buy the cheap Chinese jump. I don't care,
but don't try to act like you're making a principal
decision here because you're not. So you get people that
want high American wages, which means it costs more for
(14:34):
our product than it does a product where they don't
a product coming from a country where they don't pay
those wages. You want lawsuits so that every worker can
sue their company and get rich off of it. And
we know that's happened. Well, that increases the cost. So
you want to load all these costs on American manufacturers
so that we can't compete with companies like China with
(14:55):
cheap labor, or now South Korea in a number of
other countries get their stuff together. They would have been able.
I mean, that was what the whole Maquiladoras were about.
But the problem is they can't build things there. They're
too corrupt. They don't have organizational systems, they don't have
management structures, they don't have supply chain, so they've never
really that should have been that should have been a
(15:15):
big boon, but it's been a bust in any case.
Speaker 1 (15:20):
The problem with all of this is, so we are
consumers of the world's goods.
Speaker 2 (15:24):
We make the rest of the world wealthy with our
consumption model, and they make things. There are countries where
you can't get their products that they make because they
send them here because they can sell them for more
transportation costs have reduced dramatically, I mean dramatically over the years.
These Chinese containers and beyond has meant that you can
(15:48):
spread the cost of shipping goods into the American economy
for a whole lot less. Now the question is if
we're going to buy their products and let them compete
with us, even though we've saddled our companies with much
bigger burdens. We're typically better in electronics and value added goods,
not in cheap manufactured goods, because that's just a pure
(16:09):
price perso. But what are they doing to our companies there?
They are closing off their market to our product. Trump's
just saying reciprocal terrorists. We're going to do the same
thing to do.
Speaker 3 (16:19):
Four out of five feature surveyed said listening to the
Michael Barry Show podcast improved their love life. The fifth
person didn't deserve one anyway.
Speaker 2 (16:29):
So if we send a product into Canada cost one
hundred dollars, we would have to pay two hundred dollars
separately for the one hundred dollars that that we get
paid for our product. So the person who imports our
product would have to pay us three hundred dollars for
(16:49):
something that we would only keep one hundred dollars up
because their government says, if you want to import a
product from the United States, and this is most of
our industrial, our agricultural, it's between two hundred and three
hundred percent in tariffs. So for us to send our
bushel to them for one hundred dollars, we have to
(17:09):
sell it to them for three hundred. So that protects
their companies. So their companies are not as efficient as
ours because they don't have to undercut our one hundred
dollars product for our price. They only have to undercut
our three hundred dollars price because the invisible hand has
been removed in the marketplace supply demand, consumer choice, and
(17:32):
instead there has been an artificial altering of the prices.
Our product can't get to the Chinese street on the
market for under three hundred dollars, even though we can
make it and transport it for one hundred dollars, because
the government steps in and says, no, we're the mafia.
We're going to keep our percentage. So why did we
let them do that? Why did we let them do
(17:56):
that to protect Canadian companies? Now that means they're consumers
pay more for goods because we could have put that
bushel on your streets for one hundred dollars, but now
it's three hundred dollars. And so the Canadian competition, which
is what they want you to do, is two hundred dollars,
(18:19):
which means a very fat profit margin for the companies.
And you pay more for the product because you're paying
the government or overpaying for a product that could be
a lower price. So the consumer gets shafted. But the
Canadian people don't mind because this Canadian people have been
taught that this is good. See, a lot of countries
(18:42):
believe that it's in your national interest to only have
companies based in your country to make your products, never
do business with foreign companies. Okay, well, that's going to
mean that you're not going to get the best Belgian
honie or French cheese, or California wine, or the best
(19:05):
eggs that could be made in the world, are the
best roses or anything else. Means you're going to be limited.
And if you go to socialist countries, you'll see that
the shelves are beare It's depressing. It's truly depressing, doesn't
matter how much money you have, and how cheap things are.
When you go to a third world country, you go
(19:26):
to the shelves and there's nothing on them, nothing to
buy because they've not spurred ingenuity and output in production.
So what President Trump is simply saying is reciprocal terrafs.
Y'all put them on us, We're gonna put them on you.
And so what these companies, what these countries do is
they hire lobbyists. We can't do this inside there. You
(19:47):
can't go and lobby the Chinese government as an American.
But the Chinese government can hire spies, and they have
a lot of them. Remember Diane Feinstein's driver for ten years.
Remember Fangbang that was sleep been with Eric Swallwell when
he was on an important committee. We've got Chinese bis
of plenty. They're buying off Hunter Biden, Joe Biden, kicking
(20:08):
some up to the big man. And what they're doing
is crafting campaigns to the American people who say, hey,
protecting American industry from Chinese, from Chinese government companies is
not good for you. You don't want that. You want Chinese goods,
(20:30):
not American goods. You want Chinese jobs, non American jobs.
You want to just be a consumer of cheap stuff.
You don't want to protect the jobs in your country, right,
you don't want to protect industry and investment. You want
all that to move to China. And by the way,
your industry manufacturing, oh it's very filthy, it'll.
Speaker 1 (20:49):
Ruin the air.
Speaker 2 (20:51):
So you want to sign on to this and shut
down all your manufacturing. Very clever move by the Chinese,
very clever. You got to give them credit. The Chinese,
as part of a grand plan, have invested a lot
of money on these international organizations who all these United Nations,
all of them designed to reduce the carbon footprint. Yes,
(21:14):
American and European industrializations should come to a halt, and
they have largely succeeded in their goals, probably far beyond
what they ever expected. We can't have American plants because
they pollute and it's terrible.
Speaker 1 (21:27):
And the world will come to an end. So we did.
Speaker 2 (21:30):
We close them down. Germany closed them down, England closed
them down, France closed them down. All the while China
is continuing to invest in their plants. Coal powered the
filthy of them all, filthy forms of energy production and emission.
(21:51):
The top twenty five production facilities in the world. I
think twenty four of them are India and China. And
India's joined did on that green energy thing too. Oh
it's all green. But China is driving this this wagon.
Speaker 1 (22:05):
We got it.
Speaker 2 (22:06):
We got to stop when we've got to have international
accords and we got to have democrats in America hassling
industry to shut the industry down. Remember Hillary Clinton said,
if you are a coal miner, you're gonna lose your job.
Remember that you're gonna have learned the code, find another
job because it's filthy. But this is where I've lived
for five generations. This is my family, this is what
I'm good at. This doesn't matter. It's filthy and nasty.
(22:28):
And the Chinese told us to do this, and that's
what we're doing. They pay my bills, not you. And
that's where we are. That's where we are in this
whole process, and it's worked. I mean, you got to
give them credit. You can hate them, you should, but
you got to give them credit. They're good. They are
manipulating the United States into shutting down our economy. A
saw a documentary on Germany recently called the d Industrialization
(22:52):
of Germany and German economic laws which make California look
reasonable have call caused so many of their companies to
go out of business. And I mean they're big boys,
they're big industrial companies, they were internationally prominent firms. Have
shut entire divisions of their companies because they can't get
(23:15):
energy to power their products. And if they can't get
energy to manufacture, they can't compete because everything is price.
You can have a better quality, but you have to
be competitive on price. You don't have to be the
lowest in certain fields, but you have to be competitive.
They couldn't be competitive anymore because the cost of the
energy input as part of the manufacturing process was so
(23:38):
out of whack as a percentage of what that finished
product should be that it didn't make sense anymore. And
so if I'm sending out an RFP, hey I need
these industrial products. I need calibration machines for my chemical plant,
and this is a machine I need, and you come
back at twice the cost of a product that's made
(24:01):
somewhere else Japan, South Korea, United States.
Speaker 1 (24:05):
I'm simply not going to choose you.
Speaker 2 (24:08):
And if you don't win enough of these bids that
you used to win, you start shutting down plants and
laying off people. When you start doing that, you lose
the research and development that that company was already doing,
so you fall further and further and further behind. Plus
you put a bunch of new people on your unemployment roles.
And this is the deed. This is cyclical decline that
(24:32):
is accelerated because decline feeds decline because guess what, that
chemical plant or that manufacturing plant that was also the
largest purchaser of catering in the community, so the restaurant closes.
It was also the largest purchaser of health insurance premiums
in the area. So now you don't have enough leverage
to spread out your health insurance, and decline leads to decline.
Speaker 3 (24:53):
Listen to the Michael Berries Show podcast if you dare so.
Speaker 2 (24:58):
I understand pre trade, and I'm a pre trade yeah, but.
Speaker 1 (25:02):
I want you to understand we do not have free trade.
Speaker 2 (25:06):
We buy products from other countries, We allow the importation
of them. They get to use our roads, which you,
the taxpayer, pay for at no cost to them. They
get access to our legal system that they didn't build.
They get access to all the things it takes. Once
(25:27):
they manufacture a product and bring it here on a
container and drop it at the port. Hell, you pay
for the port, You pay for the health insurance, you
paid for the schooling of all the port workers.
Speaker 1 (25:39):
You built the.
Speaker 2 (25:40):
Infrastructure that they walk into and sell their goods, all right,
You and American companies did that right, And they did
that in their country, so it's fine. It would all
be the same except we say, sure, send your product
into the market. If the American consumer wants it, then
you'll make money.
Speaker 1 (25:54):
Good for you. And then we send our product.
Speaker 2 (25:57):
To them, and they got They come out like the
officer in the movie that busts out your your tail light.
Oh it's gonna be a ticket for that, bust out
your front le, ticket for that. Oh you got this
is it's up all of a sudden, you got all
these fines to pay just to come through town. Why
wouldn't you want Trump to write that wrong? Why wouldn't
(26:18):
you or better question, how did it get to be
the play? The case that when Canada and all these
countries slapped these massive tariffs on our goods, our president
didn't say, well.
Speaker 1 (26:31):
Ho, hey, ho, huh, what are you doing?
Speaker 2 (26:37):
We sat idly by, but not because we didn't notice.
Speaker 1 (26:41):
We know they received complaints from American manufacturers because.
Speaker 2 (26:47):
America's government is for sale, because they would have one
hundred certain had lobbyists in DC. They probably paid Joe
Biden directly. By not directly, and that's for effect. They
probably paid Hunter directly, and Hunter's got to kick them
up to the big guy. This is how we end
up in situations like this. This is how so many
(27:10):
of you are resigned to the notion that American manufacturing
is dead. Well, can you find that bit Barack Obama
talking about how is Donald Trump going to wave a
magic wand and get American manufacturing back? It has magic
wand in it. Was he just gonna wigh This was
in twenty six years. He's gonna wave a wand and
bring back American manufacturing. He's actually doing it because guess
(27:32):
what if you're Kia Motors or a Hundai and you
make products in South Korea the cheaper labor, and you
bring it and no lawsuits and all the costs that
we impose on our companies to manufacture goods here, if
you want to bring that into the United States, We're
going to slap such a hefty terif on it that
it's more efficient for you to set up to build
(27:55):
to invest in a plant here, to build a plant
in the United States and make it here. And by
the way, I'm good with this. There are some people
who don't want that. Some people are pure protectionists. They
don't want they don't want to any foreigners here. They
know foreign business making Farman, you want them here. You
want them investing in our land. You want them hiring
(28:15):
our neighbors, you want them eating in our local restaurants.
You want to spur and encourage trade, and you want
international trade within the United States. You do want that
absolutely positively.
Speaker 4 (28:30):
Here was what he said, because some of those jobs
of the past are just not going to come back.
And when somebody says, like the person you just mentioned
who I'm not going to advertise for that he's going
to bring all these jobs back, Well, how exactly are
you going to do that? What are you going to do?
There's there's no answer to it. He just says, well, well,
(28:50):
I'm gonna I'm going to negotiate a better deal. Well,
how how exactly are you going to negotiate that? What
magic wand do you have? And usually the answer you
doesn't have an answer.
Speaker 2 (29:04):
Well, you know how many billion dollars have already been
committed to groundbreaking of companies, foreign companies on American soil.
You want access to our marketplace, make your product here,
simple as that. That's what's what your company requires of us,
(29:24):
Except in most cases they don't allow us to manufacture
in their country. They don't want us there. There are
other knockoff effects. And people in the media and politics
haven't studied economics. Well, people don't understand. A typical government
idea is, you know what, we need more money from
the government. Sorry for the government. So we'll just say
(29:48):
to these big companies. They got all the money, but
we'll just say to them, for every employee you have,
you must now add a dollar per hour and attack that.
We're going to tax you for every hour you pay
that person. Whatever you pay them forty bucks an hour,
we're going to add a dollar per hour tax on that,
and you're going to pay USA because we need to
raise a bunch more money. And in the government's mind,
(30:10):
they go, all right, this is how many man hours
are being paid in America today. We'll multiply that by one,
and that'll be how many dollars we will make per
year on the imposition of that tax and go, okay,
all right, yeah, it's going to work. But here's what
people don't understand. People avoid taxes, they avoid increases, they
(30:31):
avoid Once you make your move, that person is never
going to move the way you intended for them to move.
You go to tackle them and they're going to move
to the side. And that's where government gets it wrong.
So when you get these people who say, well, the
(30:51):
tariff is going to have this effect, what you don't
realize is how how the other side is going to
make moves to avoid tariff, and those moves, not every
one of them, but some of them are going to
be to our advantage. So here was President Trump talking
about the secondary tariffs he's imposing on countries buying Venezuelan oil.
(31:16):
And for those countries, you want to buy Venezuela's oil,
our sworn enemy. You want to buy their oil, fine,
we're gonna put tariffs on. You be better off buying
our oil.
Speaker 5 (31:26):
We put secondary tariffs on, as you know, in Venezuela,
and it's had a very strong impact on Venezuela.
Speaker 1 (31:34):
You know that every ship just got out and that
they left a lot.
Speaker 5 (31:38):
Of them loves the drum those is right into the ocean,
and they left. They didn't want to be there for
a minute because they didn't want those tariffs to catchy.
Speaker 1 (31:46):
But they didn't want me to see them there.
Speaker 5 (31:48):
So the Venezuela secondary tariffs, all secondary tariffs are very
strong because essentially it says, if you disobey our orders,
you cannot do business in the United States.
Speaker 1 (32:02):
That's the cash.
Speaker 2 (32:02):
Can watch Chinese companies buying Russian.
Speaker 1 (32:05):
Oil as well if you plan to go ahead.
Speaker 5 (32:08):
So if in the case of Venezuela, as you know,
China pulled up bankor and left, they were there, they
had two ships there and they left.
Speaker 1 (32:16):
They left empty. They didn't want to take a chance.
Now we're not playing games.
Speaker 2 (32:22):
The rest of the world has raped pillage, taken advantage
of taking charitable money from us for a long time,
and the American taxpayer has been screwed for a long time.
Speaker 1 (32:37):
And Trump is finally standing up for that.
Speaker 2 (32:39):
Is he perfect? No will this will this thing be
pain free? No, there's gonna be some short term pain.
Go ahead and understand that if you want to run
a marathon, your stomach is going to hurt in the meantime,
getting ready. If you want to get jacked, you're gonna
have some burn and your muscles getting there.
Speaker 1 (32:52):
It's not easy. But I'm gonna tell you something.
Speaker 2 (32:55):
If tariffs were such a horrible thing for the country
imposing them on the outside company country, why are all
the other countries imposing them on us.
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