Speaker 1: It's Night Side with Dan Ray on WBZ Cooston's Radio.
Speaker 2: Thank you very much, Dan, as we move into our
Speaker 2: second hour tonight. A big event today in Washington. I
Speaker 2: don't know how many of you watched it. It lasted
Speaker 2: about an hour. President Trump held forth in the Rose
Speaker 2: Garden and announced tariffs. Stock market didn't like it. Stock
Speaker 2: market took a well, it looks like the stock market
Speaker 2: will open tomorrow and down quite a bit. So before
Speaker 2: we get to our guest, let me just play one
Speaker 2: bite from the President today in the Rose Garden, just
Speaker 2: to give you a sense of the event. Cut number nine, Rob.
Speaker 2: This is the President this afternoon in the Rose Garden.
Speaker 3: My fellow Americans, this is Liberation Day waiting for a
Speaker 3: long time. April second, twenty twenty five will forever be
Speaker 3: remembered as today American industry was reborn, the day America's
Speaker 3: destiny was reclaimed, and the day that we began to
Speaker 3: make America wealthy again.
Speaker 2: We're going to make it wealthy, good, and wealthy. All right.
Speaker 2: That's President Trump this afternoon talking about tariffs substantial across
Speaker 2: the board, tariffs with us as Larry Edelman from the
Speaker 2: Boston Globe, Larry welcome to Night's side. He certainly didn't
Speaker 2: disappoint if you were looking for a wide swath of tariffs.
Speaker 2: What do you make of all of this?
Speaker 4: Well, the President went tough on tariffs, she sure did,
Speaker 4: if they were more extreme than most people expected. And
Speaker 4: it's gonna come at a you know, maybe a short
Speaker 4: term price for American consumers and businesses. You know, we'll
Speaker 4: see long term whether it does what the President says
Speaker 4: the tariffs will do, and that is, you know, increase
Speaker 4: US manufacturing and jobs, you know, help pay down the
Speaker 4: national debt and also fund his uh big beautiful tax cuts.
Speaker 2: Yeah. Well, I guess, I guess I don't see how
Speaker 2: he's able to do that, but we'll we can. We'll
Speaker 2: get to that in a second. Yeah, he's sort of
Speaker 2: acting as well. He's a protectionist at this point, not
Speaker 2: a free trade guy, and he's sort of antithetical to
Speaker 2: what the Republican Party has been since I'm gonna say
Speaker 2: at least the days of Dwight Eisenhower.
Speaker 4: Oh certainly.
Speaker 2: Yeah. And and also he had a lot of union
Speaker 2: guys there. There was a fellow from the UAW who
Speaker 2: spoke briefly. He did, he did talk about this on
Speaker 2: the campaign trail, so's it's not as if he's doing
Speaker 2: something different than what he promised on the campaign trail.
Speaker 2: But he's also a guy that watches the stock market.
Speaker 2: I mean, I assume and what do you think he's
Speaker 2: gonna What do you think he thought when he walked
Speaker 2: back into the White House and realized that the futures
Speaker 2: for tomorrow are down? I think of the Dow over
Speaker 2: a thousand points at this point. I mean, that has
Speaker 2: sort of an impact on That's.
Speaker 4: A good point, you know. I think Dan that he
Speaker 4: said this before, because as you know, stock's pretty much
Speaker 4: been falling for six weeks now, and you know the
Speaker 4: reason has been anticipation of this tariff plan. And we
Speaker 4: can only assume that when the market opens up again
Speaker 4: tomorrow that you know, you'll see more losses because this
Speaker 4: is worse one Ana said, you know, it's worse than
Speaker 4: his worst case scenario. But the presidents may clear that
Speaker 4: he is willing to endure the short term pain of
Speaker 4: you know, falling stock prices, potentially higher inflation and even
Speaker 4: a recession. He thinks it's worth it for the long term.
Speaker 4: And one has to you know, if you're taking him
Speaker 4: at his word. You know, he's going for you know,
Speaker 4: no pain, no gain type of approach to this.
Speaker 2: The problem is that presidents, even when they're second term presidents.
Speaker 2: Matter of fact, especially when the second term presidents, they
Speaker 2: have a runway of about eighteen months and if a
Speaker 2: year from now or fifteen months from by next summer,
Speaker 2: this stuff hasn't These tariffs have not worked the way
Speaker 2: he wants it to work. He probably can kiss the
Speaker 2: Senate in the House goodbye for his last two years
Speaker 2: in the White House. I mean, this is a this
Speaker 2: is an interesting period of time to to try this strategy.
Speaker 2: I guess he feels what does he have to lose,
Speaker 2: despite the fact that he's trolling Democrats. I don't think
Speaker 2: he's seriously serious what he says. He's going to run
Speaker 2: for a third.
Speaker 4: Term, right right, you know, the political calculations there, I
Speaker 4: don't I don't quite understand clearly. As we saw last night,
Speaker 4: there's you know, in the elections in Florida in terms
Speaker 4: of the margins that the Republican candidates won by, which
Speaker 4: were much lower than how Trump fared, you know in November,
Speaker 4: and in the state Supreme Court election in Wisconsin where
Speaker 4: the dem won despite you know, Elon Musk putting a
Speaker 4: lot of money into that race. You know, there's the
Speaker 4: backlash he's already already starting. Now what happens, you know,
Speaker 4: as we get closer to the mid terms. I can't predict.
Speaker 4: He clearly is confident that this is the right move
Speaker 4: and that he's going to stick with it. Whether he
Speaker 4: does or not, who knows. You know, I haven't heard
Speaker 4: very tough to predict.
Speaker 2: I haven't heard much criticism from his own party. I
Speaker 2: think there was some criticism from Mitch McConnell and Susan
Speaker 2: Collins today to senators who obviously, you know, are in
Speaker 2: many ways not aligned with him. But it seems as
Speaker 2: if his party is he's running this party, but it's
Speaker 2: it's it's it's almost as if he's realigning the American
Speaker 2: political spectrum in many ways. I mean, if this does work,
Speaker 2: and I'm not sure will I'm not enough of an
Speaker 2: economist to predict that he may be able to solidify
Speaker 2: states like a Pennsylvania, you know, Union states like Michigan
Speaker 2: and maybe even well maybe not Wisconsin, because the people
Speaker 2: who are likely who are going to be hurt here
Speaker 2: the most, I think are people the agricultural sector, which
Speaker 2: were tremendous supporters of him in all of those those
Speaker 2: those plain Midwestern and Plane states. I mean, it's.
Speaker 4: Yeah, we've correctly identified the shift in the Republican Party, Dan.
Speaker 4: You know that it's gone from the party of big
Speaker 4: business uh in Wall Street and free trade to a
Speaker 4: populist party. You know that is playing toward working class people.
Speaker 4: And you know, there's no denying that while free trade
Speaker 4: made this country a lot richer over the last thirty years,
Speaker 4: not everybody got to go along for the ride, especially
Speaker 4: in those communities that were dependent on manufacturing, you know,
Speaker 4: either closed textiles or automobiles. Yeah, yeah, exactly exactly. So
Speaker 4: he's trying, you know, he's been you know, maybe you
Speaker 4: know it's luck, but he's been, you know, push this
Speaker 4: realignment with the working class. Now, if if these tariffs,
Speaker 4: as many economists say, increase inflation and we have another
Speaker 4: round of much higher prices, this could backfire with working
Speaker 4: class people, you know, because proportionately they pay more here
Speaker 4: incomebody's yeah exactly, So you know it's it's an incredibly
Speaker 4: risky bet, not only for him but for the economy.
Speaker 4: So you know, this is why I think there's so
Speaker 4: much attention being paid today to this because it's just
Speaker 4: really so much on the line, you know, over the
Speaker 4: next months, you know, and through the mid terms and beyond.
Speaker 2: The other thing, Larry, which is interesting is that in
Speaker 2: the last month he's been we've watched gas prices come
Speaker 2: down and eke prices have come down. And I don't
Speaker 2: know that it's that it's anything that he has done,
Speaker 2: but he's benefiting from that at this point. And you
Speaker 2: just wonder if if if this is going to to
Speaker 2: to change to change the economic course and not for
Speaker 2: the better. So I mean not just uh, it's a
Speaker 2: little baffling. It's just a little baffling right now to me.
Speaker 4: I'm sure it's like you know, to to you know,
Speaker 4: he just will not accept the kind of economic imperative
Speaker 4: that this is going to raise prices. You know, this
Speaker 4: doesn't you know, there's no that's so much money is
Speaker 4: involved that there's no way that the manufacturers overseas can
Speaker 4: eat all of the cares, right, They're going to pass
Speaker 4: them on, and the wholesalers and the people who make
Speaker 4: products here with foreign parts are going to pass them on,
Speaker 4: and food is going to be more expensive. Uh, in
Speaker 4: the supermarket. It's it's it's inevitable. And you know, Trump
Speaker 4: has done a really good job in bringing the Republican
Speaker 4: Party to heal right, and he's brought law firms, you know,
Speaker 4: to the table force them to do stuff, and universities
Speaker 4: like Columbia. But I don't know if that that same
Speaker 4: arm twisting works with the economy.
Speaker 5: You know.
Speaker 4: It's like he can talk about it as much as
Speaker 4: he wants not being inflationary. Uh, but let's see what
Speaker 4: happens in six months.
Speaker 2: Yeah, it's good. It's going to be interesting, that is
Speaker 2: for sure. And he will be able to look back
Speaker 2: on it as a transformational president maybe and then say
Speaker 2: that that he did something which which was very ambitious,
Speaker 2: or he can look back on it at some point
Speaker 2: and say, boy, that was the crazy thing I do.
Speaker 4: He'll blame, he'll blame, He'll blame Peter Navarro and his other.
Speaker 2: I'd love to know who do you think, Larry? My
Speaker 2: last question, And I really appreciate you taking the time,
Speaker 2: because I'm sure you're writing on this tomorrow. Who do
Speaker 2: you think he is relying upon? Here? He doesn't seem
Speaker 2: to me to meet a guy that's going to sit
Speaker 2: down and listen to a balanced argument over you know
Speaker 2: about you know, get to get to history of you know,
Speaker 2: smooth Holly and all of that sort of stuff, and
Speaker 2: circumstances of the late twenties early thirties are identical or different.
Speaker 2: Who do you think he's listening to? Do you think
Speaker 2: it is Peter Navarro? His guy?
Speaker 4: I think Peter Navarro is this guy, because if you
Speaker 4: listen to Peter Navarro and then you listen to Trump,
Speaker 4: you hear very many of the same things. But one
Speaker 4: thing I will mention that this took me by surprise too.
Speaker 4: I heard Maggie Haveman on a podcast, the New York
Speaker 4: Times reporter who's covered Trump for years and years, and
Speaker 4: she said that he has been fixated on tariffs for decades,
Speaker 4: that this is, you know, not a new thing for him,
Speaker 4: that he's always looked at tariffs as something that he
Speaker 4: thought were needed, you know, and that America is getting
Speaker 4: ripped off in free trade, and he used.
Speaker 2: Him and he did use them somewhat in his first term.
Speaker 4: Correct, Right, Yes he did, and you know in a way,
Speaker 4: you know, they were but it was different. That was
Speaker 4: China for the most part, right, And you know, I
Speaker 4: think there's a pretty widespread agreement that, you know, something
Speaker 4: has to be done to keep China in check because
Speaker 4: they are clearly, you know, our toughest economic rival, and
Speaker 4: there are industries that we just can't afford to give
Speaker 4: up to them. But this is more than a hundred countries.
Speaker 4: This is our closest allies along with China and other countries.
Speaker 4: So it's it's a much different it's a much different
Speaker 4: thing this time around than it was in the first term.
Speaker 2: Larry Edelman of the Boston Globe, thanks so much. It
Speaker 2: gets us going here, and I just it's going to
Speaker 2: be fascinating, and we're all going to become a more economists.
Speaker 2: I guess in the internet we'll bite, will have to
Speaker 2: in the next few weeks, that's for sure.
Speaker 4: That's right. Just don't watch your just don't watch your
Speaker 4: stock market accounts. That might be a little bit repressing.
Speaker 2: No, I know, I know, well, you know they always say, don't.
Speaker 2: I hope people aren't going to be selling in panic here,
Speaker 2: because that's the biggest mistake anyone can make.
Speaker 4: You Gotta hold on exactly.
Speaker 2: When the storm hits. Don't jump overboard in the middle
Speaker 2: of the ocean. As simple as that. Larry, thanks so much,
Speaker 2: as always appreciated. Will you been there? Are you? Are
Speaker 2: you riding tonight for tomorrow?
Speaker 4: Yeah, I'll be online tomorrow morning. Yep.
Speaker 2: All right, Well we will look forward to seeing what
Speaker 2: you have to say then. But thanks for for sharing
Speaker 2: your thoughts with us tonight. Okay, thanks Larry. Larry Edelman
Speaker 2: of the Boston Globe business and finance columnist. We're going
Speaker 2: to take a break. We're we're talking about this story
Speaker 2: of the day, and it is the Trump tariffs. Uh,
Speaker 2: and I'd love to get a wide variety of viewpoints
Speaker 2: on it. Feel free to join the conversation. Six thirty
Speaker 2: six one seven. Larry's the only guest I had scheduled.
Speaker 2: There's no need to fill it up with a thousand experts.
Speaker 2: Larry is is great. Uh, and he was able to
Speaker 2: give us a few minutes. Now I want to hear
Speaker 2: from you. Feel free join the conversation. Coming right back
Speaker 2: on Nightside.
Speaker 1: It's Night Side with Boston's news radio.
Speaker 2: So the President today, in a ceremony in the Rose Garden,
Speaker 2: laid out his view. Okay, so let's let's hit some
Speaker 2: of these sound bites and in the meantime we will
Speaker 2: get as many of you lined up as possible. Let's
Speaker 2: go to cut number ten, please. He's he's talking here
Speaker 2: about factories. Cut ten.
Speaker 3: Rob jobs and factories will come roaring back into our country,
Speaker 3: and you see it happening already. We will supercharge our
Speaker 3: domestic industrial base. We will probably open foreign markets and
Speaker 3: break down foreign trade barriers, and ultimately more production at
Speaker 3: home will mean stronger competition and lower prices for consumers.
Speaker 3: This will be, indeed the golden age of American It's
Speaker 3: coming back.
Speaker 2: We're going to come back very strongly. You've heard him
Speaker 2: talk about the golden age for America. Well, it's on
Speaker 2: the line now, that's for sure. So let's try to
Speaker 2: get a couple of the bites here that he tries
Speaker 2: to explain it a little bit. It's not easy to understand,
Speaker 2: but this is cut number twelve, rob cut number twelve.
Speaker 3: But those days are over. Let me offer just a
Speaker 3: few examples of the vicious attacks workers have faced for
Speaker 3: so many years. The United States charges of the countries
Speaker 3: only a two point four tariff on motorcycles. Meanwhile, Thailand
Speaker 3: and others are dodging much higher prices like sixty percent.
Speaker 3: India charges seventy percent, Vietnam charges seventy five percent, and
Speaker 3: others are even higher than that. Likewise, until today, the
Speaker 3: United States has for decades charged a two point five tariff.
Speaker 3: Think of that two point five percent on foreign made automobiles.
Speaker 2: And he went on, this is cut number thirteen. He's
Speaker 2: talking here about cars, and again numbers are tough on
Speaker 2: the radio, but essentially what he's saying is that cars
Speaker 2: made in other countries are imported into this country relatively freely.
Speaker 2: And so now we have cars from places like South
Speaker 2: Korea and Japan and in other countries Germany, who are
Speaker 2: competing with American built automobiles. Uh. And that obviously cuts
Speaker 2: down the portion of the economy that are that are
Speaker 2: made in America, and that cost American jobs. And now
Speaker 2: he's trying, well, he's trying to basically now turn the
Speaker 2: tables on them and what he calls reciprocal tariffs. Okay, obviously,
Speaker 2: you can build a car in Korea or Japan less
Speaker 2: expensively than you can build a car in America. But
Speaker 2: but in addition, when we try to send a car overseas,
Speaker 2: they charge us more, and so he wants reciprocal tariffs.
Speaker 2: He'd like to have reciprocal tariffs at zero. That's his goal.
Speaker 2: Let me go to cut thirteen rob.
Speaker 3: Eighty one percent of the cars in South Carea made
Speaker 3: in South Korea. Ninety four percent of the cars in
Speaker 3: Japan are made in Japan. Toyota sells one million foreign
Speaker 3: made automobiles into the United States, and General Motor sells
Speaker 3: almost none. Ford sells very little. None of our companies
Speaker 3: are allowed to go into other countries. And I say
Speaker 3: that friend and foe, and in many cases the friend
Speaker 3: is worse than the foe in terms of trade. But
Speaker 3: such horrendous imbalances have devastated our industrial base and put
Speaker 3: our national security at risk. I don't blame these other
Speaker 3: countries at all for this calamity. I blame former presidents
Speaker 3: and past leaders who weren't doing their job. They let
Speaker 3: it happen, and they let it happen to an extent
Speaker 3: that nobody can even believe. That's why, effective at midnight,
Speaker 3: we will impose the twenty five percent tariff for all
Speaker 3: far and made automobiles.
Speaker 2: Most of those chairs came from UAW workers who were
Speaker 2: sitting in the audience in the Rose Garden, and then
Speaker 2: one final sound bu before we start to get the
Speaker 2: phone calls. He talks about farmers, and again I assume
Speaker 2: that these statistics that he has announced are accurate. Let's
Speaker 2: he's talking about what Canada does to our dairy products
Speaker 2: that are produced on United States farms cut fourteen rob.
Speaker 3: We're also standing up for our great farmers and ranchers
Speaker 3: who are brutalized by nations all over the world.
Speaker 2: It's brutalized.
Speaker 3: Canada, by the way, imposes a two hundred and fifty
Speaker 3: to three hundred percent tariff on many of our dairy products.
Speaker 3: They do the first, the first can of milk, They
Speaker 3: do the first little carton of milk at at very
Speaker 3: low price. But after that it gets bad and then
Speaker 3: it gets up to two hundred and seventy five three
Speaker 3: hundred percent. So when they're figuring what's Canada charging, they say, oh,
Speaker 3: about two percent, three percent. But take a look at
Speaker 3: what happens down the road when you look a little bit,
Speaker 3: it's not a pretty picture, and we don't like it,
Speaker 3: and it's not fair. It's not fair to our farmers,
Speaker 3: it's not fair to our country.
Speaker 2: So that's his rationale talking about, amongst other things, automobiles
Speaker 2: and dairy products. The concern is that when the tariffs,
Speaker 2: when we get into a trade war, everything's going to
Speaker 2: become more expensive. And I've noticed in stores, and I
Speaker 2: hope you have as well, in grocery stores, that there
Speaker 2: are a lot of products that are made here in
Speaker 2: the US, and prices that went up during COVID have
Speaker 2: never come back, that have never come down. There's a
Speaker 2: couple of cookie manufacturers that I used to really enjoy.
Speaker 2: I won't buy them anymore. I won't buy them anymore.
Speaker 2: I could see during COVID when there were supply line
Speaker 2: concerns and all of that, and there were trouble. I
Speaker 2: get it, We're going to pay a little bit more,
Speaker 2: but not now. Not now. The funny thing about it,
Speaker 2: as I mentioned Larry Edelman of the Boston Globe, who
Speaker 2: we had on earlier this hour, that there was a
Speaker 2: period of time where gas prices were coming down. I
Speaker 2: paid two seventy three for gas this weekend. Gas prices
Speaker 2: were coming down. There were egg prices have apparently come down. Well,
Speaker 2: let's see what happens. If Donald Trump can pull this off,
Speaker 2: he will be remembered as a transformational president, which is
Speaker 2: probably the most important thing a president can achieve to
Speaker 2: transform something. Obama did it with healthcare. Ronald Reagan did
Speaker 2: it with taking down the Berlin Wall and defeating the
Speaker 2: Soviet Empire. This is where Donald Trump has put his
Speaker 2: chips on the table. Let's see what people have to think.
Speaker 2: Let me start it off with Joe in Revere. Hey, Joe,
Speaker 2: your first this hour and night side. This is not
Speaker 2: an easy topic, but I'd love to know what you
Speaker 2: think about it. Go ahead, Joe. How are you tonight?
Speaker 6: Hey, Yeah, thank you for taking my call, sir, very much.
Speaker 6: I'm great. But I also saw service. I believe in
Speaker 6: mister Trump. I believe in what he's doing. We've been getting,
Speaker 6: you know, beat up for years with these tariffs. I
Speaker 6: think his intentions in the long run, and you tell
Speaker 6: me I could be wrong, but they take theirs off,
Speaker 6: we take ours off.
Speaker 2: That is that is yeah, that is correct.
Speaker 6: He beat up for a long time.
Speaker 2: Yeah. So basically, you've got a situation where where some
Speaker 2: of these other countries have gotten a good deal. I
Speaker 2: think we all can agree that a lot of other
Speaker 2: we've treated other countries well. Donald Trump is coming in
Speaker 2: and Donald Trump is saying, hey, you know, we want
Speaker 2: to we want to level the playing field. How tough
Speaker 2: is your business?
Speaker 6: Right now?
Speaker 2: I missed what you said, you know, Oh yeah, no,
Speaker 2: I understand that. My question to you is, since you're
Speaker 2: in the car business, has there been a spike in
Speaker 2: activity in the last few days. I've read a couple
Speaker 2: of ours that said people are trying to buy new cars.
Speaker 2: If they were planning on buying cars later this spring,
Speaker 2: they want to get in before the terraffs raised the prices.
Speaker 2: Is that likely? What is likely going to happen in your.
Speaker 6: Opinion, certain dealerships. Yeah, depending on the make and model.
Speaker 6: So I did a little research, like bosses and like
Speaker 6: everything's going up a thirty two thousand dollars Equinox is
Speaker 6: now going to be thirty eight this and that, and
Speaker 6: then I went out and looked at a bunch of
Speaker 6: stickers today. But I went on and did some research today.
Speaker 6: Dan the Colorado final production. Now they said final production
Speaker 6: don't matter, it's where it was built. I said, no,
Speaker 6: wait a minute, now, this says final production rowan Oak, Roanoak, Indiana,
Speaker 6: which I didn't know there was when I know there's Roanoke, Virginia. Anyway,
Speaker 6: if the final production, if the final production on the
Speaker 6: sticker is in USA, it will not get hit with
Speaker 6: a tariff.
Speaker 2: Correct, That's correct.
Speaker 6: That's the latest I have for you for information.
Speaker 2: Yeah.
Speaker 4: So what, Joe, what.
Speaker 2: Sort of cars? What sort of cars do you sell?
Speaker 6: I sell chevyes, Dan, So you shall you sell American cars? Yep? Okay,
Speaker 6: you know parts on every vehicle from everywhere.
Speaker 2: Right, But I don't think they can turn around and say, well,
Speaker 2: ninety four percent of this car is built in America
Speaker 2: and six percent of it is built in Mexico or whatever.
Speaker 2: H do you think that's gonna be then, so, therefore
Speaker 2: the tariff on this car will be six percent of
Speaker 2: the I can't imagine that.
Speaker 3: God.
Speaker 6: I hope not.
Speaker 2: No, no, no, no, I hope not.
Speaker 4: Dan.
Speaker 6: What I'm looking at is final assembly point. That's what
Speaker 6: I'm trying to get across to my managers.
Speaker 7: And my glasses.
Speaker 6: Was finished in our country.
Speaker 1: You know.
Speaker 6: I agree not hit the tariff.
Speaker 2: I agree with you. I agree with you on that.
Speaker 4: S Joe.
Speaker 2: Thank you very much. Do me a favorite, keep in
Speaker 2: touch as the as we go through the next few
Speaker 2: weeks what happens, and no I know, but also let
Speaker 2: me know if you'd like where you're selling cars, and
Speaker 2: maybe we'll let some people know in your neck of
Speaker 2: the woods and we'll get you some some business going,
Speaker 2: because I think that's important. I want people on night
Speaker 2: side to be able to know other people on night
Speaker 2: side and if if you would like, let me know
Speaker 2: where where where people can find you. Okay, I'm serious
Speaker 2: when I say that.
Speaker 6: Yes, Jed, thank you, sir, You're welcome.
Speaker 2: Thanks Joe. Okay, we're going to take very quick break here.
Speaker 2: We're talking tariffs again. I'm more interested in your own
Speaker 2: experience and what you can bring to the table. None
Speaker 2: of us are going to be able to complete an
Speaker 2: economic college degree in the next three hours, but we
Speaker 2: can all learn from each other. And that was a
Speaker 2: really good call from Joe, who's the cars salesman. We'll
Speaker 2: be back. The only line open right now is six one, seven, nine,
Speaker 2: three thirty. Let's keep it roll until midnight. Back on
Speaker 2: night side.
Speaker 1: Right after this, it's night Side when Dan on Boston's
Speaker 1: news radio.
Speaker 2: Back to the phones we go. Let's go next to
Speaker 2: Matt in Franklin, Massachusetts. Matt, you were next on nights
Speaker 2: side to get my mouse working here, and we'll bring
Speaker 2: up and say hello to you. Matt. Welcome.
Speaker 7: Hey. I I yeah, I like to say that I
Speaker 7: voted for Trump three times, and uh, I'm a little
Speaker 7: bit in disbelief that I already want to pull the
Speaker 7: plug in his third term with this whole thing.
Speaker 2: I'll tell you they're not gonna be able to pull
Speaker 2: the plug. What do you think is going through his head?
Speaker 2: I mean, you voted for you talked in the campaign.
Speaker 7: I think he's flying. He's his own worst enemy. He's
Speaker 7: flying so high that just like he's not I mean,
Speaker 7: whoever he is listening to must be like a cartoon character,
Speaker 7: but like he's gonna he's basically he's gonna like raise prices,
Speaker 7: basically engineering the charage and everybody, lay off every body,
Speaker 7: and then most of that's I didn't get hit to
Speaker 7: the fall with the states lousing funding and all these
Speaker 7: all the research rands, and then he doesn't want to
Speaker 7: spend federal money to get us out of it. So
Speaker 7: I honestly have no idea what he's trying to do.
Speaker 7: But do I think companies are going to invest in America?
Speaker 7: When at seventy eight going on seventy nine year old
Speaker 7: man who eats McDonald's every single day wants to put
Speaker 7: tariffs for the next three years on it, because the
Speaker 7: next president can come in any time between now in
Speaker 7: three years and say, oh, the tariffs are up the
Speaker 7: book books. And then also Trump could turn around two
Speaker 7: weeks later and say, oh, never mind. So I just ridiculous.
Speaker 7: I mean, and then he wants to like bring us
Speaker 7: back to the Golden Age. It's like, oh, that was
Speaker 7: great for the robber barons, but the people that the
Speaker 7: people that worked with the mines were getting to had
Speaker 7: to live off the mining. We're getting masked at the
Speaker 7: same time, and that's why they had unions. And then
Speaker 7: he wants to get rid of the unions and bring
Speaker 7: the mines back. So oh, yeah, we're gonna go back
Speaker 7: to the Golden age.
Speaker 2: Yeah. Well, so you voted for him three times, and
Speaker 2: if you could take those votes back, would you take
Speaker 2: all of them back? At this point?
Speaker 7: Ah, I mean, I don't think. I mean, I no,
Speaker 7: probably because because I didn't think Bond would do a
Speaker 7: good job, and I don't really think he did. And uh,
Speaker 7: Kamala was a joke. But at the same time, I'd
Speaker 7: rather take a joke versus someone like who wants to
Speaker 7: basically engineer recession to like lower interest rates and then
Speaker 7: somehow thinks that you can automatically snap out of a recession.
Speaker 7: I'd probably take Camela right now because I mean, like,
Speaker 7: I mean, I'm I'm not a big fan of the
Speaker 7: transgenders and some of the other things out there, But
Speaker 7: at the same time, I'd rather have like a stable
Speaker 7: economy than like somebody's up at like two in the
Speaker 7: morning hanging out with Elon and doing whatever.
Speaker 2: Yeah, well again he's her when you're right, he ran
Speaker 2: on the economy. Uh, and now he did say he
Speaker 2: did talk about tariffs, did talk about big beautiful tariffs,
Speaker 2: and maybe you didn't hear that, but.
Speaker 7: But yeah, I mean, like selectively terriffing people is one
Speaker 7: like tiffing countries for like policies. It's one thing. Yeah,
Speaker 7: you want a broad brush across the board, Like it's
Speaker 7: kind of like great, does broad wealth for society? But
Speaker 7: I mean, like, isn't didn't the the auto didn't wasn't
Speaker 7: one of the reasons why Nissan Anciota started building here.
Speaker 7: It wasn't I do like a trade agreement or tariffs
Speaker 7: because they were like destroying the auto industry and people
Speaker 7: basically couldn't afford to buy cars that decided to move
Speaker 7: their plants here.
Speaker 2: Yeah, a little bit of that. And also a lot
Speaker 2: of those foreign car companies didn't go to Michigan. They
Speaker 2: went to places like uh and you know, right to
Speaker 2: work states in the South. Matt, you're a bright eye.
Speaker 2: How old are you? You sound young?
Speaker 7: Mid thirties, Okay, So you're.
Speaker 2: Disappointed at this point, like the guy you voted for
Speaker 2: to say the least, right.
Speaker 7: Yeah, And it's like it's going to turn into a
Speaker 7: sprain wreck in the fall because the school the school's
Speaker 7: gonna lose eight percent of their fundings, so that means
Speaker 7: they're gonna pull money from everywhere else to help from
Speaker 7: the schools. And then you have the hospitals laying off,
Speaker 7: and then whoever knows that who else is going to
Speaker 7: be laying off because of the tariffs and I mean
Speaker 7: the farmers. Okay, Vietnam taxes ninety six percent of the
Speaker 7: imports because they don't really have an infrastructure that goes
Speaker 7: through the country stide and get income taxes. So I'm
Speaker 7: assuming most of the tariffs are food. So it's like,
Speaker 7: is it really that big of a deal that they're
Speaker 7: that we're selling them food? And then they're taxing it
Speaker 7: on their end that we're not paying for it. It's like,
Speaker 7: what's what's the big deal here?
Speaker 2: Well, obviously he sees it as a big deal. You've
Speaker 2: raised some great points. I want to see people agree
Speaker 2: with you, and I just want to hear from Trump
Speaker 2: people like yourself who are maybe a little skeptical of this.
Speaker 2: Thanks Matt, appreciate it, Roll talk to you soon. Appreciate it.
Speaker 2: Thank you. Next up, let me get to Kennon Waltham.
Speaker 2: Can you were next on Nisiger? Right ahead?
Speaker 5: Hi, Dan boy, it's tough to beat Matt. That was
Speaker 5: a great call.
Speaker 2: Great.
Speaker 5: Just a couple other points. I thought you played some
Speaker 5: excellent clips. One, you know, Trump talks about blaming previous leaders,
Speaker 5: you know, not the other countries as well. He was
Speaker 5: one of those previous leaders.
Speaker 2: Yes, he never seen them.
Speaker 5: Yeah, And the other where I don't I mean, I
Speaker 5: just don't trust him at all. And that and the
Speaker 5: dairy issue with Canada that.
Speaker 4: He talked about.
Speaker 5: We have a we have a deficit with Canada overall
Speaker 5: trade deficit, but we have a significant surplus in the
Speaker 5: dairy industry and there are very little tariffs maybe uh
Speaker 5: kind of like five percent or something. I think it's like,
Speaker 5: you know, the equivalent of Massachusetts state income text that
Speaker 5: they are just until we get to a certain you know,
Speaker 5: until they get to a certain quota, and then the
Speaker 5: two hundred and fifty percent you know, teriffs kick in.
Speaker 5: But that's to the tune, you know. I we I
Speaker 5: think in twenty twenty four our surplus was or our
Speaker 5: exports was over a billion dollars in the dairy industry.
Speaker 8: So yeah, I just you know, I Matt gave a
Speaker 8: great explanation, and I can't understand why Trump does it, right,
Speaker 8: I mean, in twenty sixteen he talked about.
Speaker 5: Building the wall. It was, it was a great sales pitch,
Speaker 5: but he never he never really did it, and not
Speaker 5: much of it anyway.
Speaker 2: And yeah, well, of course with that in all in
Speaker 2: all fairness, Congress was not with him on that his
Speaker 2: Republicans were with the Democrats weren't. But this is a
Speaker 2: situation that he has some control over here. I don't
Speaker 2: know that Congress can do anything to interfere with what
Speaker 2: he's doing, right, And the question is what long term
Speaker 2: damage will be done?
Speaker 4: You know.
Speaker 2: Again, generally conservative economists are opposed. I mean the Milton
Speaker 2: Friedman's of the world. They think are opposed to tariff's.
Speaker 2: I know that. You know, Jeff Myron, who we have
Speaker 2: on from Harvard a lot would be opposed, I believe
Speaker 2: to tariffs. I don't want to put words in Jeff's mouth.
Speaker 2: I may have Jeff on tomorrow night as a result
Speaker 2: to get him to explain his position on it. But
Speaker 2: this you just watch the stock market tomorrow. I mean,
Speaker 2: the stock market is, whether you like it or not,
Speaker 2: is a pretty good indicator of what people think. And
Speaker 2: and I got to assume that when he wakes up tomorrow,
Speaker 2: when he goes to bed tonight whenever it goes to bed,
Speaker 2: and he sees that the market is off, you know,
Speaker 2: going to be off over a thousand points, I don't know.
Speaker 2: I guess he must really believe it. So we'll see.
Speaker 5: Yeah, well he's been moving back and forth a little.
Speaker 5: I mean, the more I get right, he imposed tariffs earlier,
Speaker 5: like last month, and then took him.
Speaker 1: Away, right he was, yeah, well, we'll see.
Speaker 2: I don't think I'm step back from this. This is
Speaker 2: this is a sort of a this was a big
Speaker 2: step today, It's no no doubt about that. And the
Speaker 2: market has reacted, as some would say, big time. Ken.
Speaker 2: I got the news, so I got to let you run.
Speaker 2: But boy, you're a good call too. I thank you.
Speaker 2: We've had good quality call so far. Thank you very much.
Speaker 4: Thanks Dan, talk to you soon.
Speaker 2: Keep calling to those of those of you the line.
Speaker 2: You're going to be up first. On the other side,
Speaker 2: I got Jay, I got Bill, I got Pete, and
Speaker 2: I got Joe and we'll get everybody in. I got
Speaker 2: one room at one line at six one