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