Ron Glasgow breaks down US-Argentina trade deal

Episode Transcript

Speaker 1 (00:00):
When it comes to President Trump's tariffs. Oh yes, a

(00:02):
lot of people think this is something Congress how to
be approving. He can't just wave his magic want and
get it done for the benefit of the American people.
God forbid. He try to improve the relations around the country.
They actually benefit you as citizens. But with that said,
he is getting some things done, that's for sure. And
now it looks like the coffee and banana tariffs in

(00:22):
Latin America are going to see some action. Here joining
us to talk a little bit more about this is
Ron Glasgow, financial strategist. Hey, Ron, welcome in, Thanks for
being here.

Speaker 2 (00:31):
Well, you're what's for having me?

Speaker 1 (00:33):
Well, so we're working some deals with some countries down
there in Latin America's looks pretty good.

Speaker 2 (00:38):
Yes, working some deals all around the world. So it's
a very interesting policy. Rather than Trump has I put
me personally, I understand the need to increase of these tariffs.
I grew up in a Steelville town, and I know
the Chinese, for example, but taking advantage of us since
the seventies at least when makes it open? What makes

(00:59):
it open it? But the way he's done it is
is very interesting. I mean, there's a huge amount of
tariffs on on these particular four countries we're talking about.
Sometimes it doesn't work. It just goes across the board
and it's you know, you put them on there, and
then I was pulling it off for coffee. It was very,
very interesting that the president, it seems to be very

(01:20):
leaning to the point of your freedoms maybe started to
putting taxes on things like coffee, when if you remember
our history, you know Americas don't like to be taxed
on things on coffee and tea very much.

Speaker 1 (01:31):
Well here's the other thing too, I mean, how much
coffee is produced in America.

Speaker 2 (01:35):
Yeah, there's not much. These four countries aren't even our
very coffee producing countries. It's Brazil is number one. In
Vietnam was number two. He actually took the tariff off
Vietnam as well, which is great.

Speaker 1 (01:48):
When it comes to bananas, I mean, last time I
saw a banana farm next to the soybean field Ohio
was never Yeah.

Speaker 2 (01:53):
Yeah, exactly. There's no coffee here, There's no there's no
bananas here to the things that we have to import.
You've ever been to grow coffee a bit in Hawaii
or one other country, but Urica state, but for allatives
and purposes, we do not have any of it.

Speaker 1 (02:07):
Well, let's also talk about what's going on with the
beef producers. Beef's pricing in this country now is obviously
real high, and people are this is getting crazier. I mean,
twenty four dollars a pound for certain filets and things.
It's just insane here. So did they address any of
the beef imports with this deal?

Speaker 2 (02:27):
They have it, so the all the other countries that
really does major beef and dissice Argentina, and we don't
import very much to Argentinian beef at all. So the
beef is really kind of a homegrown problem, as you will.
You know, I'm fully aware of it. I live in Texas.
You know, the ranchers are not makes you getting rich,
that's for sure. Part of the big problem is going

(02:50):
back to the sort of international world we live in,
is we continue to sell landoff, and that includes farmland
and raise land. And so you know, I've heard the
stats where we're it's down to is only two percent
of the United States population for farmers and only two
percent of the land that we have are used for
farming and ranching. I find that hard to believe. But
it's a quarter, right, It's very It just shows the

(03:13):
trend that we're going down to, and that is we're
not presenting our farmers and our answers and ranchers especially.
It's actually a bit harder than farming sometimes if you
do with live animals or as a crop. You know,
we all enjoy it, but I don't know how much
more we could spend. I mean, I actually just ordered
a quarter beef and that brings your costs out significantly.

(03:36):
That's the way that we u stay well.

Speaker 1 (03:37):
I got to tell you. I mean, we've got cattle
ranchers in our family here in Alabama, and it's a
big industry in Alabama for a lot of folks and families.
And I agree with you one hundred percent. We are not,
you know, honoring our farming in our ranchers the way
we should in the United States and propping them up
and making it easier to do their jobs and not

(03:57):
be stressed every time you know, we lack rain or
you know, we get floods or natural situations. Not to mention,
the cost to run a farming and ranch these days
is through the roof with fertilizers and equipment, and the
list is endless on what it takes to get this
done here. So yeah, I'm pro fixing the situation and

(04:20):
helping our farmers and ranchers in this country for sure. Well, Ron,
thank you, buddy. I appreciate you.