1 00:00:04,879 --> 00:00:07,160 Speaker 1: What's going on? Thank you so much for listening to 2 00:00:07,200 --> 00:00:09,599 this podcast. It is heard live every day from noon 3 00:00:09,640 --> 00:00:12,480 to three on WBT Radio in Charlotte. And if you 4 00:00:12,519 --> 00:00:16,719 want exclusive content like invitations to events, the weekly live stream, 5 00:00:16,760 --> 00:00:19,199 my daily show prep with all the links, become a patron, 6 00:00:19,320 --> 00:00:22,600 go to dpeteclendershow dot com. Make sure you hit the 7 00:00:22,640 --> 00:00:25,120 subscribe button. Get every episode for free, write to your 8 00:00:25,160 --> 00:00:27,679 smartphone or tablet, and again, thank you so much for 9 00:00:27,719 --> 00:00:31,039 your support. Don't mess with me for it job. What 10 00:00:31,199 --> 00:00:37,479 day is this February second? Groundhog Day? It's actually not 11 00:00:37,640 --> 00:00:40,960 groundhog Day, that was February said it was. Yeah, it's 12 00:00:41,039 --> 00:00:44,159 the weekend. Apparently we're going to get more winter if 13 00:00:44,200 --> 00:00:49,280 you believe the uh, the oversized rodents prediction, which I 14 00:00:49,359 --> 00:00:52,439 do not. But I do support going out and watching 15 00:00:52,479 --> 00:00:56,439 the movie groundhog Day because it is such a fantastic movie, 16 00:00:56,439 --> 00:01:00,520 a very philosophical movie. I'm a big fan. So if 17 00:01:00,520 --> 00:01:03,119 you haven't seen groundhog Day, go check it out. If 18 00:01:03,119 --> 00:01:05,519 you haven't seen it in a while, you should see 19 00:01:05,560 --> 00:01:08,799 it again. It is a it's a really good movie 20 00:01:08,840 --> 00:01:12,760 and again, very philosophically deep movie. Uh and funny too. 21 00:01:13,560 --> 00:01:17,120 All right, so is everybody enjoying the new trade war? 22 00:01:17,359 --> 00:01:21,519 How's it? How's everybody surviving? Right? Have you? Have you 23 00:01:21,640 --> 00:01:28,359 stocked up on avocados and tequila and Canadian club? Nobody 24 00:01:28,439 --> 00:01:31,599 stocks up on Canadian club? No, I'm kidding, but I 25 00:01:31,640 --> 00:01:36,480 really I guess maybe some people do, Canadians probably that 26 00:01:36,560 --> 00:01:41,200 are living here. Mate. But I am curious in all 27 00:01:41,280 --> 00:01:48,640 of the uh uh, the North American trade war. I'm curious, 28 00:01:49,319 --> 00:01:53,599 why are they getting hit with higher tariffs than China? 29 00:01:55,480 --> 00:01:59,480 What's the deal with that? You know? Just separate from 30 00:01:59,480 --> 00:02:02,519 the question and of are tariffs good or bad? And 31 00:02:02,680 --> 00:02:08,840 my view is that they are generally not good. I 32 00:02:08,919 --> 00:02:13,400 understand it's a negotiation tactic. Pete, you don't understand the 33 00:02:13,400 --> 00:02:17,520 president's at seventy dimensional chess level. I get it. I 34 00:02:17,599 --> 00:02:20,759 understand the art well. I know the arguments that are 35 00:02:20,800 --> 00:02:25,520 made to you know, support the tariffs that Trump is, 36 00:02:25,599 --> 00:02:29,479 you know, threatening all over the place. By the way, 37 00:02:29,520 --> 00:02:33,120 I don't believe those arguments when people make them to me, 38 00:02:33,680 --> 00:02:36,639 because it always really always comes down to one thing, 39 00:02:36,759 --> 00:02:40,479 which is I trust Donald Trump. I believe that what 40 00:02:40,520 --> 00:02:43,120 he's doing is fantastic, and then he will reverse course. 41 00:02:43,159 --> 00:02:45,159 And that's all part of the plan, and you believe 42 00:02:45,159 --> 00:02:48,479 Donald Trump, and that's that is your prerogative. You are 43 00:02:48,479 --> 00:02:54,479 free to do so. I actually think that there's more 44 00:02:54,560 --> 00:02:56,680 to it than that. I mean, I understand the use 45 00:02:56,719 --> 00:03:03,199 of the tariffs. I understand the use of the tariffs 46 00:03:03,240 --> 00:03:06,599 for leverage in a negotiation of some kind. I do 47 00:03:06,719 --> 00:03:10,000 understand that. I don't know if that's solely what they're 48 00:03:10,039 --> 00:03:16,319 being used for. And the only person that does is 49 00:03:16,879 --> 00:03:20,400 really Donald Trump. So anybody who says that they know 50 00:03:20,479 --> 00:03:24,639 that that's the purpose, like, that's just an article of 51 00:03:24,639 --> 00:03:28,759 faith that you are taking, and that again, you are 52 00:03:28,759 --> 00:03:35,439 free to do so. I have much less trust in 53 00:03:36,159 --> 00:03:39,199 elected officials and why they do what they do and 54 00:03:39,240 --> 00:03:42,280 that sort of stuff. So again, you're free to believe 55 00:03:42,520 --> 00:03:44,759 whatever you want to believe on this stuff. I do 56 00:03:44,800 --> 00:03:50,360 think though, that Donald Trump's past as a lifelong Democrat, 57 00:03:50,719 --> 00:03:53,879 I think that is actually part of what's going on 58 00:03:54,000 --> 00:03:58,680 here as well. He you know, came up during a 59 00:03:58,719 --> 00:04:04,840 time when the Democrat Party was a protectionist party for 60 00:04:04,879 --> 00:04:06,960 the labor unions and all of that, and so I 61 00:04:07,000 --> 00:04:12,400 think that kind of formed his thinking on the economics 62 00:04:12,599 --> 00:04:16,439 of tariffs. I've seen people say, oh, well, if you 63 00:04:16,480 --> 00:04:21,879 do all of the tariffs, and then you couple that 64 00:04:21,959 --> 00:04:29,439 with a wind down or elimination of income taxes, then 65 00:04:30,079 --> 00:04:34,120 we would be able to fund the government. And I understand, like, sure, 66 00:04:34,279 --> 00:04:37,000 show me the numbers on that. I would believe that 67 00:04:37,040 --> 00:04:39,920 to be possible. I don't know what the tariffs would 68 00:04:39,920 --> 00:04:42,160 need to be. I don't know all the countries you 69 00:04:42,160 --> 00:04:44,839 would need to slap them on and what products or whatever. 70 00:04:45,000 --> 00:04:49,759 But I'm open to the argument to see those figures. 71 00:04:50,439 --> 00:04:53,600 But here's the thing again, I am a resident of 72 00:04:53,920 --> 00:04:57,800 realvill as Rush Limbaugh used to call it, and I 73 00:04:57,920 --> 00:05:00,639 don't see the income tax going away any time soon 74 00:05:02,040 --> 00:05:05,759 at the federal level, I don't see that happening. If 75 00:05:05,759 --> 00:05:09,120 it does happen, then and we fund through tariffs, So okay, 76 00:05:09,279 --> 00:05:12,199 like that would be a way to fund the government. Sure. Now, 77 00:05:12,319 --> 00:05:16,680 all of that being said, you know, Donald Trump has 78 00:05:16,720 --> 00:05:20,199 been using these things in order to or the threats 79 00:05:20,279 --> 00:05:24,000 of tariffs in order to get stuff that he wants 80 00:05:24,240 --> 00:05:28,360 out of these countries to get concessions. Are they big concessions? 81 00:05:28,959 --> 00:05:30,879 Not sure yet. I mean, I'm not sure what's going 82 00:05:30,959 --> 00:05:35,519 to shake out with the With the Canadian situation, the 83 00:05:35,639 --> 00:05:41,560 Mexican situation seems pretty clear. Right, it's about securing that border. 84 00:05:42,120 --> 00:05:46,079 And right before we got on the air, they the 85 00:05:46,160 --> 00:05:48,360 Mexican government announced that they were going to send ten 86 00:05:48,439 --> 00:05:54,480 thousand troops to the US border in order to help 87 00:05:54,560 --> 00:05:58,319 stemy illegal immigration. And so Trump said he would be 88 00:05:58,360 --> 00:06:01,040 delaying the tariffs on Mexico, which he had said would 89 00:06:01,040 --> 00:06:04,240 be twenty five percent. The Chinese tariffs are only ten percent. Again, 90 00:06:04,319 --> 00:06:08,199 I'm not really clear why China gets a favorable deal 91 00:06:08,319 --> 00:06:11,639 like that when Canada gets a twenty five percent tariff. 92 00:06:11,639 --> 00:06:17,279 But okay, whatever, So delay tariffs on Mexico for one 93 00:06:17,399 --> 00:06:21,600 month to allow for negotiations because the Mexicans have promised 94 00:06:21,600 --> 00:06:25,600 to send ten thousand troops to the border, which they 95 00:06:25,639 --> 00:06:29,839 already did by the way, Like I remember them saying 96 00:06:29,879 --> 00:06:32,199 that a couple of weeks back that they were going 97 00:06:32,240 --> 00:06:34,959 to be sending troops to the US border to help 98 00:06:35,040 --> 00:06:39,720 control immigration. So, like, I'm not sure, is this an 99 00:06:39,759 --> 00:06:42,040 additional ten thousand. It didn't read like that when I 100 00:06:42,079 --> 00:06:44,600 read the statement, So it just seems like this is 101 00:06:44,680 --> 00:06:48,920 the same ten thousand. Also, we are going to work 102 00:06:48,959 --> 00:06:55,000 on preventing the weapons trafficking back into Mexico. That was 103 00:06:55,040 --> 00:06:59,000 one of the concessions. If you will that Trump gave 104 00:06:59,079 --> 00:07:01,759 to the Mexicans, which if you're in Mexico and you 105 00:07:01,759 --> 00:07:04,399 see all of these firearms coming into your country from 106 00:07:04,480 --> 00:07:07,639 across the border, Uh, they want that to stop, and 107 00:07:07,720 --> 00:07:12,199 so we should work with them to stop that. Absolutely, 108 00:07:12,759 --> 00:07:15,639 we should not allow arms smuggling to go across the 109 00:07:15,639 --> 00:07:19,519 border into Mexico. So I agree with uh, with Trump 110 00:07:19,519 --> 00:07:25,199 agreeing to that quote concession, if you will. There is 111 00:07:25,240 --> 00:07:31,759 also an idea that that this is simply a marketing 112 00:07:31,800 --> 00:07:36,480 effort that you you make the demands, you get some 113 00:07:36,920 --> 00:07:41,839 kind of quote concession, something that the Mexicans were already 114 00:07:41,839 --> 00:07:44,519 interested in doing when Trump was coming in any way, 115 00:07:45,120 --> 00:07:49,759 you know, put the troops on the border, and then 116 00:07:50,160 --> 00:07:53,319 you give Trump the win quote unquote, and then he 117 00:07:53,360 --> 00:07:59,160 gets to market himself as you know, making this great deal. 118 00:07:59,800 --> 00:08:03,319 So there's that component going on again. You don't have 119 00:08:03,439 --> 00:08:08,000 to pick one of these things as the reason or 120 00:08:08,439 --> 00:08:13,040 the objective. You can you can believe that there are 121 00:08:13,240 --> 00:08:16,639 multiple things occurring at the same time, that there are 122 00:08:16,639 --> 00:08:19,319 different benefits. For example, for the Canadian one, I don't 123 00:08:19,319 --> 00:08:22,079 see anybody talking about this or hear anybody talking about this, 124 00:08:22,160 --> 00:08:26,759 which is that the you know, justin Trudeau up there, 125 00:08:26,800 --> 00:08:29,959 you know, resigned in the Liberal party that's in control, 126 00:08:30,360 --> 00:08:33,240 Like they suspended parliament. They're they're like out of session. 127 00:08:33,320 --> 00:08:36,759 So they're not equipped to be responding very quickly to 128 00:08:36,799 --> 00:08:39,320 any of this because their government is a wreck because 129 00:08:39,360 --> 00:08:43,159 of Trudeau. And there's been this guy, what's his name, 130 00:08:43,879 --> 00:08:48,399 Pierre Pouliveer or Polivivee or something or other, and a 131 00:08:48,519 --> 00:08:52,759 very impressive guy Conservative Party. And when Trudeau, i should say, 132 00:08:52,799 --> 00:09:01,960 before Trudeau announced his resignation, this guy the Conservative opponent 133 00:09:02,720 --> 00:09:06,039 to Trudeau, he was doing well in the polls. The 134 00:09:06,080 --> 00:09:10,159 Conservative Party was tacking up in the polls. He was 135 00:09:11,200 --> 00:09:15,720 gaining a lot of momentum. And when Trudeau resigned, his 136 00:09:15,840 --> 00:09:22,120 support now has been Paulave's support has been declining, and 137 00:09:22,159 --> 00:09:25,279 so there is an opportunity for him to actually turn 138 00:09:25,320 --> 00:09:28,759 this to his advantage. For internal politics, you always got 139 00:09:28,799 --> 00:09:31,080 to keep in mind, right, like there's the international stage, 140 00:09:31,120 --> 00:09:34,159 and we're looking at the international stuff. Sure, and we're 141 00:09:34,200 --> 00:09:37,080 focused because we're Americans. We don't believe anybody else exists. 142 00:09:37,159 --> 00:09:39,679 It's our birthright, and so like we're like focused on 143 00:09:39,840 --> 00:09:43,360 our internal politics. But these other countries have their internal 144 00:09:43,399 --> 00:09:46,200 politics as well. Marco Rubio talked about this before he 145 00:09:46,240 --> 00:09:49,519 went down to Panama, which by the way, turned into 146 00:09:49,600 --> 00:09:52,799 a very good deal for us, and I would submit 147 00:09:52,879 --> 00:09:56,799 for Panama as well. Not so good for the Chinese, 148 00:09:56,879 --> 00:10:01,480 which Crimea River Commis worked out a great deal with 149 00:10:01,519 --> 00:10:07,639 the Panamanians. So there are again, I just clutioning against 150 00:10:07,759 --> 00:10:11,200 the false choices, the binary choices that oh, it's either 151 00:10:11,240 --> 00:10:13,679 this or it's that, and that's it. It's not it. 152 00:10:13,720 --> 00:10:15,759 There are a lot of different moving parts to all 153 00:10:15,799 --> 00:10:19,279 of this, and now at least we have Trump acknowledging 154 00:10:19,360 --> 00:10:23,039 that prices will go up. Tariffs are inflationary, prices are 155 00:10:23,080 --> 00:10:25,519 going to go up. But here's the thing, we're just 156 00:10:25,559 --> 00:10:27,200 looking at it from our side. Yes, it's going to 157 00:10:27,200 --> 00:10:28,840 go up for us. It's going to be painful for us, 158 00:10:29,080 --> 00:10:32,039 but it's also going to be painful for the other countries. Right, 159 00:10:32,480 --> 00:10:35,120 they have to deal with that too. This is why 160 00:10:35,159 --> 00:10:37,480 you want to avoid trade wars. And by the way, 161 00:10:37,559 --> 00:10:40,679 sometimes trade wars turn into shooting wars, so you want 162 00:10:40,679 --> 00:10:43,159 to watch out for that too. All right, I hope 163 00:10:43,159 --> 00:10:45,720 you had a happy holiday season, But tell me if 164 00:10:45,759 --> 00:10:48,440 something like this happened at your house, your family and 165 00:10:48,480 --> 00:10:51,080 friends are gathered around. Maybe y'all are in the living room, 166 00:10:51,159 --> 00:10:55,360 You're laughing, swapping stories, reminiscing, and then somebody says, hey, 167 00:10:55,440 --> 00:10:58,559 did remember those old VHS tapes? Did you ever get 168 00:10:58,600 --> 00:11:01,960 them transferred? And then the room gets all quiet. All 169 00:11:02,000 --> 00:11:04,879 eyes are on Dad, who says, oh, you know, well, 170 00:11:04,919 --> 00:11:07,320 I've been meaning to but I just having gotten around 171 00:11:07,320 --> 00:11:10,600 to it. Look, don't let those priceless memories sit in 172 00:11:10,639 --> 00:11:13,519 a box for another year. All right. Create a Video 173 00:11:13,600 --> 00:11:16,360 has been helping families in the Charlotte area preserve their 174 00:11:16,440 --> 00:11:19,720 history since nineteen ninety seven. Simply bring in your old 175 00:11:19,799 --> 00:11:23,320 camquarder tapes and Creative Video will transfer them to a 176 00:11:23,480 --> 00:11:26,600 USB flash drive for just fourteen ninety five per tape. 177 00:11:26,759 --> 00:11:29,360 You have a big collection, They've got a discount for you. 178 00:11:29,440 --> 00:11:33,399 And next year, instead of talking about those memories, imagine 179 00:11:33,759 --> 00:11:37,120 gathering the family to watch them together. Talk about a 180 00:11:37,159 --> 00:11:40,159 memorable gift. So do what I did. Trust the experts 181 00:11:40,200 --> 00:11:43,679 at Creative Video, conveniently located in mint Hill right off 182 00:11:43,759 --> 00:11:46,919 I for eighty five and online at create a video 183 00:11:47,120 --> 00:11:51,720 dot com. So Donald Trump put out a social a 184 00:11:51,759 --> 00:11:57,159 tweet or something whatever, a comment seven forty one am quote. 185 00:11:57,600 --> 00:12:00,720 I just spoke with President Claudia shine Bomb of Mexico 186 00:12:00,759 --> 00:12:04,159 that he didn't write this. He didn't write I know, 187 00:12:04,240 --> 00:12:06,360 you know how I know he didn't write this. There 188 00:12:06,399 --> 00:12:13,759 are not randomly words capitalized, you know. And he didn't 189 00:12:13,759 --> 00:12:19,240 call her some name. So anyway, I spoke with President 190 00:12:19,279 --> 00:12:22,720 Claudia Shinbaum of Mexico. It was a very friendly conversation 191 00:12:22,799 --> 00:12:26,320 wherein she agreed to immediately supply ten thousand Mexican soldiers 192 00:12:26,320 --> 00:12:29,960 oh no. Eight soldiers is capitalized and border soldiers. So okay, 193 00:12:29,960 --> 00:12:32,919 maybe he did write it separating Mexico and the United States. 194 00:12:32,919 --> 00:12:36,159 These soldiers will be specifically designated to stop the flow 195 00:12:36,200 --> 00:12:40,360 of fentanyl and illegal migrants into our country country capitalized. 196 00:12:40,559 --> 00:12:43,879 We further agreed to immediately pause the anticipated tariffs for 197 00:12:43,960 --> 00:12:47,000 a one month period, during which we will have negotiations 198 00:12:47,159 --> 00:12:50,360 headed by Secretary of State Marco Rubio, Secretary of Turchery 199 00:12:50,360 --> 00:12:54,159 Scott Bessant, and Secretary of Commerce Howard Lutnik, and high 200 00:12:54,240 --> 00:12:57,679 level representatives of Mexico. I look forward to participating in 201 00:12:57,720 --> 00:13:01,360 those negotiations with President Shinebaum as we attempt to achieve 202 00:13:01,360 --> 00:13:05,200 a deal between our two countries. Hey, do you remember 203 00:13:05,240 --> 00:13:11,679 the USMCA, Remember that thing. It replaced NAFTA. Remember it 204 00:13:11,720 --> 00:13:16,519 was like the best deal ever. Remember Jim Garretty, writing 205 00:13:16,559 --> 00:13:21,039 at National Review, he said, up until now, imports from 206 00:13:21,080 --> 00:13:24,559 Canada and Mexico largely entered the US market either duty 207 00:13:24,600 --> 00:13:29,879 free so no tariffs, or at average ad velorum in 208 00:13:29,919 --> 00:13:32,799 other words, in proportion to the estimated value of the 209 00:13:32,840 --> 00:13:37,759 goods or the transaction involved, tariff rates less than one percent. 210 00:13:37,879 --> 00:13:41,320 This was arranged under the US Mexico Canada Trade Agreement, 211 00:13:41,399 --> 00:13:47,519 the US MCTA or the USMCA, which Trump signed into 212 00:13:47,639 --> 00:13:52,159 law on January twenty ninth, twenty twenty, and that he 213 00:13:52,240 --> 00:13:58,600 touted as the largest, most significant waymit. Well, he couldn't 214 00:13:58,600 --> 00:14:00,480 have signed it into law on January two, twenty ninth, 215 00:14:00,519 --> 00:14:04,159 twenty twenty. I thought it was before that, because he 216 00:14:04,240 --> 00:14:08,679 was gone by the twentieth of twenty twenty. Anyway, he 217 00:14:08,759 --> 00:14:11,799 called it the largest, most significant, modern and balanced trade 218 00:14:11,799 --> 00:14:14,519 agreement in history. All of our countries will benefit greatly. 219 00:14:15,480 --> 00:14:18,879 One of the advantages was its clarity and policy certainty. 220 00:14:19,480 --> 00:14:21,879 It ran three hundred and one pages. It laid out 221 00:14:21,919 --> 00:14:25,000 the US tariffs on thousands of different kinds of goods, 222 00:14:25,039 --> 00:14:28,759 and they were all set at zero with the new tariffs. 223 00:14:29,240 --> 00:14:32,120 Trump has violated the treaty that he signed into law, 224 00:14:32,240 --> 00:14:34,919 a treaty that his White House called a quote tremendous 225 00:14:35,000 --> 00:14:43,240 victory for American workers, farmers, manufacturers, and businesses alike. But again, 226 00:14:43,320 --> 00:14:46,919 there's a one month pause now, at least for the 227 00:14:46,919 --> 00:14:51,120 Mexican side. Back in twenty eighteen, Peter Navarro, then President 228 00:14:51,120 --> 00:14:56,000 Trump's National Trade Council Director, confidently assured Fox Business Network's 229 00:14:56,080 --> 00:15:00,159 Maria Bartiromo that no country would retaliate against America in 230 00:15:00,240 --> 00:15:05,360 tariffs on their goods. He said, I don't believe any 231 00:15:05,360 --> 00:15:07,279 country in the world is going to retaliate for the 232 00:15:07,279 --> 00:15:09,960 simple reason that we are the most lucrative and biggest 233 00:15:10,000 --> 00:15:12,360 market in the world. They know they're cheating us, and 234 00:15:12,440 --> 00:15:15,879 all we're doing is standing up for ourselves. End quote. 235 00:15:15,960 --> 00:15:19,039 Jim Garretty National Review says this might shock you, but 236 00:15:19,120 --> 00:15:22,240 it turns out that other countries' leaders don't believe that 237 00:15:22,279 --> 00:15:25,399 they are cheating us and that we're just standing up 238 00:15:25,399 --> 00:15:28,399 for ourselves. They think the new administration just picked a 239 00:15:28,519 --> 00:15:33,279 needless fight. They think the administration is breaking its promises, 240 00:15:34,039 --> 00:15:37,519 and they think that the Trump administration has set everybody 241 00:15:37,639 --> 00:15:41,559 up for economic disruption and higher prices on goods and energy, 242 00:15:41,679 --> 00:15:47,279 and retaliation came swift and hard. The Canadian Prime Minister 243 00:15:48,159 --> 00:15:51,000 Justin Trudeau announced plans to impose twenty five percent tariffs 244 00:15:51,000 --> 00:15:53,840 against one hundred and fifty five billion dollars worth of 245 00:15:53,840 --> 00:15:58,200 American goods. Like the American tariffs, our response will also 246 00:15:58,240 --> 00:16:02,720 be far reaching and include every day like American beer, wine, bourbon, 247 00:16:03,120 --> 00:16:08,399 fruits and fruit juices, including orange juice, along with vegetables, perfume, clothing, 248 00:16:08,639 --> 00:16:12,360 and shoes. To me, the big news there is that 249 00:16:12,399 --> 00:16:14,799 we actually make all that stuff. Still. That's impressive. I 250 00:16:14,840 --> 00:16:18,799 did not realize that we were still making that stuff 251 00:16:18,960 --> 00:16:23,200 and exporting it too. That is amazing. I mean, well, 252 00:16:23,240 --> 00:16:25,519 orange juice I did know the end, Bourbon I did know, 253 00:16:25,679 --> 00:16:28,480 and okay, American beer I did know. Yeah, I did 254 00:16:28,559 --> 00:16:33,559 know that. That does make sense. But perfume, that's interesting. 255 00:16:33,799 --> 00:16:36,480 Here's a great idea. How about making an escape to 256 00:16:36,519 --> 00:16:40,000 a really special and secluded getaway in western North Carolina? 257 00:16:40,120 --> 00:16:42,279 Just a quick drive up the mountain and cabins of 258 00:16:42,279 --> 00:16:46,679 Asheville is your connection. Whether you're celebrating an anniversary, a honeymoon, 259 00:16:46,720 --> 00:16:48,960 maybe you want to plan a memorable proposal or get 260 00:16:48,960 --> 00:16:51,879 family and friends together for a big old reunion. 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Choose from thirteen cabins, six cottages, 271 00:17:26,759 --> 00:17:30,720 two villas, and a great lodge with eleven king sized bedrooms. 272 00:17:30,920 --> 00:17:34,079 Cabins of Ashville has the ideal spot for you for 273 00:17:34,200 --> 00:17:37,920 any occasion, and they have pet friendly accommodations. Call or 274 00:17:38,039 --> 00:17:41,359 text eight two eight, three six seven seventy sixty eight 275 00:17:41,680 --> 00:17:43,799 or check out all there is to offer at Cabins 276 00:17:43,799 --> 00:17:47,359 of Aashville dot com and make memories that'll last a lifetime. 277 00:17:48,160 --> 00:17:52,119 A couple of messages here to Pete at thepetecalandarshow dot com. 278 00:17:52,200 --> 00:17:55,039 This from Tom who says, Pete, I forget the economist 279 00:17:55,119 --> 00:17:58,000 who said it, but the quote is something like, if 280 00:17:58,039 --> 00:18:03,240 goods don't cross borders, are means will? Yes, that is 281 00:18:03,279 --> 00:18:06,119 always a concern when you start ratcheting up pressure like this. 282 00:18:08,079 --> 00:18:12,880 You know, trade wars can lead to shooting wars. Mike 283 00:18:13,079 --> 00:18:16,920 in Mineral Springs says, correct me if I'm wrong. But 284 00:18:17,039 --> 00:18:19,960 during his first term, didn't Trump levy a twenty five 285 00:18:20,000 --> 00:18:24,880 percent tariff on goods imported from China with negotiated loophole 286 00:18:25,000 --> 00:18:28,680 cutouts for companies like Apple, which President Biden, in one 287 00:18:28,720 --> 00:18:31,440 of his rare lucid moments, left in place throughout his term. 288 00:18:31,519 --> 00:18:34,480 So if that's true, the ten percent new tariff is 289 00:18:34,519 --> 00:18:36,960 being added on top of the existing twenty five percent 290 00:18:37,000 --> 00:18:40,759 tariff on goods imported from China. Love your show. I 291 00:18:40,799 --> 00:18:42,759 do recall that he did slap them with tariffs and 292 00:18:42,759 --> 00:18:46,279 Biden did not remove them. I do know that that occurred. 293 00:18:46,759 --> 00:18:49,440 So maybe that explains why the ten percent is only 294 00:18:49,599 --> 00:18:54,279 ten percent. But to our neighbors and ally of Canada, 295 00:18:54,359 --> 00:19:00,400 it's twenty five percent. By the way, there is a 296 00:19:00,480 --> 00:19:05,160 quote here from an economist prominent economist Mined a year 297 00:19:05,200 --> 00:19:08,920 ago said the tariff gun will always be loaded on 298 00:19:09,000 --> 00:19:12,119 the table, but rarely discharged. Of course, strategic and national 299 00:19:12,119 --> 00:19:15,839 security issues around China will remain. Another differentiated view that 300 00:19:15,880 --> 00:19:18,640 we have is that Trump will pursue a week dollar 301 00:19:18,720 --> 00:19:23,720 policy rather than implementing tariffs. Tariffs are inflationary and would 302 00:19:23,720 --> 00:19:27,000 strengthen the dollar, hardly a good starting point for a 303 00:19:27,119 --> 00:19:32,799 US industrial renaissance. The economist who said that Scott bessn't 304 00:19:34,079 --> 00:19:41,279 Trump's secretary of Treasure, so there is also, by the way, 305 00:19:42,400 --> 00:19:44,799 there is something here. Have you heard? I was not 306 00:19:45,000 --> 00:19:56,160 aware of this tariff mechanism. It's called the dominimous Yeah, 307 00:19:56,200 --> 00:20:04,920 the deminimous tariff loophole. So the vape company Jewel Juul, 308 00:20:05,680 --> 00:20:08,720 they put out a statement today that said, you know, 309 00:20:08,720 --> 00:20:12,319 American Technology and Innovation Company commends Trump's efforts to protect 310 00:20:12,319 --> 00:20:16,839 American citizens through increased enforcement of trade laws in border security. 311 00:20:16,880 --> 00:20:21,519 This includes closing the so called deminimous tariff loophole, which 312 00:20:21,559 --> 00:20:25,960 allows Chinese exporters to smuggle products into the US with 313 00:20:26,119 --> 00:20:30,519 scant oversight or inspection. Over the past four years, criminals 314 00:20:30,559 --> 00:20:34,920 have used smugglers tactics to exploit this loophole and flood 315 00:20:34,920 --> 00:20:38,680 the US with illegal Chinese vapor products, which now account 316 00:20:38,680 --> 00:20:42,440 for approximately seventy percent of the market. This key provision 317 00:20:42,559 --> 00:20:45,720 of the America First Trade Agenda empowers our law enforcement 318 00:20:45,799 --> 00:20:48,960 agencies to stop the flow of illegal Chinese vapor products 319 00:20:49,000 --> 00:20:53,319 and further secure our border. So this, as I understand, 320 00:20:53,359 --> 00:20:56,839 it's something like anything less than eight hundred dollars is 321 00:20:56,880 --> 00:21:01,319 allowed in or something, and so has created good like 322 00:21:01,440 --> 00:21:05,839 China specializes in black markets, Like this is what they 323 00:21:05,839 --> 00:21:08,319 are really good at doing is figuring out ways to 324 00:21:08,319 --> 00:21:11,039 get around all of your rules and laws so they 325 00:21:11,079 --> 00:21:16,160 can get their garbage into your country. And so they've 326 00:21:16,160 --> 00:21:25,559 been exploiting this deminimous loophole with vape products, which people inhale. 327 00:21:25,559 --> 00:21:27,519 I'm not sure you're aware of how that works. It's 328 00:21:27,559 --> 00:21:31,599 like a it's a nicotine substitute. And like I find 329 00:21:31,640 --> 00:21:34,640 it odd. Like also that Jewel recalled they got like 330 00:21:34,720 --> 00:21:37,160 the the I think it was the FDA under maybe Biden. 331 00:21:37,240 --> 00:21:40,200 Somebody slapped them down and said you can't have these 332 00:21:41,079 --> 00:21:46,200 flavor products. So Jewel I think it created the like 333 00:21:46,319 --> 00:21:49,359 the product vape, the vape thing, like the market was 334 00:21:49,400 --> 00:21:53,000 created by Jewel, an American company, and they had these 335 00:21:53,000 --> 00:21:57,920 different flavor vapes and they got smacked down so they 336 00:21:57,920 --> 00:22:02,920 can only offer like menthol and and tobacco flavor. And 337 00:22:03,000 --> 00:22:04,880 because all the other ones are, you know, they're trying 338 00:22:04,880 --> 00:22:09,880 to entice kids to vaping. Meanwhile, the Chinese are flooding 339 00:22:09,880 --> 00:22:12,359 the market. Check up behind the gas station counter. Next 340 00:22:12,359 --> 00:22:14,640 time you're in a gas station counter at the counter, 341 00:22:14,680 --> 00:22:16,799 take a look behind and see all the different weight 342 00:22:16,839 --> 00:22:19,240 products that are up there. Those are all not Jewel. 343 00:22:20,400 --> 00:22:25,359 So yeah, they're exploiting the loophole, much like they exploit 344 00:22:25,799 --> 00:22:29,920 other countries with their Belt and Road initiative, which Panama 345 00:22:30,039 --> 00:22:33,960 had signed on too, and now they're looking to get 346 00:22:34,079 --> 00:22:38,200 rid of it after a visit by Marco Rubio, our 347 00:22:38,279 --> 00:22:45,039 new Secretary of State and the threat of massive tariffs 348 00:22:45,160 --> 00:22:49,400 against Panama over the way Panama is treating American companies 349 00:22:49,680 --> 00:22:52,640 through the Panama Canal, which I always find it important 350 00:22:52,640 --> 00:22:55,480 to point this out, as President Trump does as well. 351 00:22:56,039 --> 00:23:00,559 Americans built that. America built it, paid for it, built it. 352 00:23:00,559 --> 00:23:04,279 It costs tens of thousands of lives. People died like 353 00:23:04,640 --> 00:23:08,200 crazy building the Panama Canal. And if you don't know 354 00:23:08,200 --> 00:23:11,119 what the Panama Canal is let's just say it connects 355 00:23:11,240 --> 00:23:16,480 us to like half the planet because before because it's 356 00:23:16,519 --> 00:23:19,799 one big land miss like from the top of Canada 357 00:23:19,839 --> 00:23:21,920 all the way down to the bottom of South America. 358 00:23:22,160 --> 00:23:27,480 And so by cutting through Panama, we got a waterway 359 00:23:27,960 --> 00:23:32,759 that allowed us to save weeks of travel time for 360 00:23:32,920 --> 00:23:36,200 our ships and that includes our military. They don't have 361 00:23:36,200 --> 00:23:39,839 to go all the way down around South America. They 362 00:23:39,839 --> 00:23:43,920 could just cut in half. Now, I'm not aware if 363 00:23:43,920 --> 00:23:47,000 the fear has ever materialized that like cutting it in 364 00:23:47,000 --> 00:23:49,119 half would mean like the bottom half of South America 365 00:23:49,160 --> 00:23:51,400 would just kind of drift off and like go down 366 00:23:51,440 --> 00:23:54,880 to the to Antarctica. I'm not aware that ever happening. 367 00:23:55,920 --> 00:24:00,039 But yeah, we just we cut right through it and 368 00:24:00,079 --> 00:24:04,559 we owned it. And then Jimmy Carter gave it back, sorry, 369 00:24:04,880 --> 00:24:11,160 sold it back for one crisp clean American dollar. One dollar. 370 00:24:11,319 --> 00:24:16,480 Gave it back, and Panama has been bending the knee 371 00:24:16,519 --> 00:24:19,920 to the Chinese because the Chinese see this as a 372 00:24:20,079 --> 00:24:25,559 very important strategic funnel point, and they are it's a 373 00:24:25,599 --> 00:24:29,119 choke point, and they are correct. They are absolutely correct, 374 00:24:29,200 --> 00:24:32,559 which is why America and apparently Donald Trump the only 375 00:24:32,599 --> 00:24:38,759 president to realize this should value its importance as well. So. 376 00:24:38,839 --> 00:24:43,599 Panamanian President Jose Raoul Mulino said his country would not 377 00:24:44,160 --> 00:24:48,759 renew its agreement with China's Belt and Road Initiative. You'll 378 00:24:48,759 --> 00:24:51,440 hear it referred to as BRI or BRIE as I 379 00:24:51,519 --> 00:24:55,160 call it, following a visit from Secretary of State Marco Rubio, 380 00:24:55,240 --> 00:24:58,319 a move that'll make it the first Latin American country 381 00:24:58,559 --> 00:25:04,720 to leave the BRA Initiative the Belton Road Initiative. Mulino, 382 00:25:05,119 --> 00:25:09,000 speaking to reporters yesterday after Rubio's first foreign trip as 383 00:25:09,039 --> 00:25:13,319 America's top diplomat, said he believes the agreement is due 384 00:25:13,359 --> 00:25:19,000 for renewal in a year or two. Ah, really sure, Well, 385 00:25:19,400 --> 00:25:21,480 I haven't checked the paperwork on that thing. Yeah, when 386 00:25:21,480 --> 00:25:23,920 does that expire. I'll have to go back and go 387 00:25:24,000 --> 00:25:26,880 through my desk drawer and find it. But he says 388 00:25:26,880 --> 00:25:28,640 it should expire. He said he would study whether it 389 00:25:28,640 --> 00:25:32,240 can be finished earlier or not. The news is a 390 00:25:32,319 --> 00:25:36,160 blow to Beijing, which views Panama as critical to its 391 00:25:36,200 --> 00:25:41,279 foreign influence efforts in the Western Hemisphere. Chinese businesses operate 392 00:25:41,400 --> 00:25:44,400 ports near the Panama Canal, which the United States owned 393 00:25:44,440 --> 00:25:47,640 and operated until moving control to Panama in nineteen ninety nine. 394 00:25:48,519 --> 00:25:53,160 Brazil also considered joining the Belton Road Initiative late last year, 395 00:25:53,359 --> 00:25:56,880 signaling a desire to align with the Chinese Communist Party. 396 00:25:57,319 --> 00:26:00,839 The country abandoned those plans soon after, however, with officials 397 00:26:00,839 --> 00:26:06,039 expressing fear about signing long term agreements with Beijing, which 398 00:26:06,079 --> 00:26:09,839 is that that is wise because as communists, we all 399 00:26:09,880 --> 00:26:14,599 know commies lie. All right, If you're listening to this show, 400 00:26:14,640 --> 00:26:16,200 you know I try to keep up with all sorts 401 00:26:16,200 --> 00:26:18,240 of current events, and I know you do too, And 402 00:26:18,319 --> 00:26:21,759 you've probably heard me say get your news from multiple sources. 403 00:26:22,240 --> 00:26:25,519 Why well, because it's how you detect media bias, which 404 00:26:25,519 --> 00:26:28,440 is why I've been so impressed with ground News. It's 405 00:26:28,559 --> 00:26:31,960 an app, and it's a website, and it combines news 406 00:26:32,000 --> 00:26:33,920 from around the world in one place, so you can 407 00:26:34,000 --> 00:26:37,359 compare coverage and verify information. You can check it out 408 00:26:37,359 --> 00:26:41,960 at check dot ground, dot news slash pete. I put 409 00:26:42,000 --> 00:26:44,960 the link in the podcast description too. I started using 410 00:26:44,960 --> 00:26:47,880 ground News a few months ago, and more recently chose 411 00:26:47,920 --> 00:26:49,880 to work with them as an affiliate because it lets 412 00:26:49,880 --> 00:26:53,480 me see clearly how stories get covered and by whom. 413 00:26:53,759 --> 00:26:56,720 The blind spot feature shows you which stories get ignored. 414 00:26:56,759 --> 00:26:59,640 By the left and the right. See for yourself. Check 415 00:26:59,680 --> 00:27:04,240 dot cogd, dot news, slash pete. Subscribe through that link 416 00:27:04,319 --> 00:27:07,160 and you'll get fifteen percent off any subscription. I use 417 00:27:07,240 --> 00:27:10,359 the Vantage plan to get unlimited access to every feature. 418 00:27:10,559 --> 00:27:13,319 Your subscription then not only helps my podcast, but it 419 00:27:13,359 --> 00:27:16,519 also supports ground News as they make the media landscape 420 00:27:16,559 --> 00:27:20,960 more transparent. Russ sends in a tweet or a message 421 00:27:20,960 --> 00:27:24,680 on the Twitter machine who says he rewatched Groundhog Day 422 00:27:24,759 --> 00:27:27,240 last night and he totally had forgotten the scenes where 423 00:27:27,319 --> 00:27:29,759 Phil does so much to prevent the death of the 424 00:27:29,759 --> 00:27:33,480 homeless guy. I have heard the movie depicts thirty eight days, 425 00:27:33,519 --> 00:27:37,319 but he actually spends ten years repeating that day. And 426 00:27:37,559 --> 00:27:40,200 I wrote him back and I said, I remember reading, 427 00:27:40,279 --> 00:27:43,119 and I've I did not get the stuff because technically 428 00:27:43,200 --> 00:27:47,920 today is in Groundhog Day. But I've got a bunch 429 00:27:47,960 --> 00:27:51,720 of analyzes of that movie, and I recall one of 430 00:27:51,759 --> 00:27:55,240 them saying that it was like a thousand years that 431 00:27:55,279 --> 00:27:58,359 the movie actually takes place. So he relives that one 432 00:27:58,440 --> 00:28:02,440 day like in this purgatory, reliving the one day to 433 00:28:02,599 --> 00:28:06,039 learn the you know, the purpose of life basically, and 434 00:28:06,079 --> 00:28:10,079 it took it could have been a thousand years anyway. 435 00:28:10,359 --> 00:28:13,640 So and then as a giver, Russ says, you only 436 00:28:13,640 --> 00:28:15,799 ask one thing of us every day. Don't break anything 437 00:28:15,839 --> 00:28:18,319 while you're gone. Based on the last several weeks, I 438 00:28:18,359 --> 00:28:22,720 think we all need a refresher on what that means. Yes, 439 00:28:24,200 --> 00:28:28,640 they all are incorrigible. Let me see here, this is 440 00:28:29,680 --> 00:28:33,559 from good Wahoo. Uh. My understanding is Trump initiated tariffs 441 00:28:33,559 --> 00:28:36,640 of ten percent on China because Trump already put tariffs 442 00:28:36,640 --> 00:28:38,279 on China in the first term and they are still 443 00:28:38,279 --> 00:28:40,920 in place. Biden kept them also from a practical sense, 444 00:28:41,319 --> 00:28:45,079 believe as we have such a huge trade deficit with 445 00:28:45,240 --> 00:28:47,960 China relative to Canada and Mexico, so ten percent brings 446 00:28:48,000 --> 00:28:51,119 in just as much and actually probably more. Also less 447 00:28:51,200 --> 00:28:54,799 impact on consumers as so many things are made in China. 448 00:28:55,640 --> 00:28:58,839 And then I had another message from Timoteo who said, 449 00:28:58,880 --> 00:29:01,400 considering China, you this is a lot of slave labor. 450 00:29:01,720 --> 00:29:03,839 There should be such a high profit margin that they 451 00:29:03,839 --> 00:29:06,200 can lower their prices ten percent to continue selling in 452 00:29:06,240 --> 00:29:08,880 the US with no change in prices for the US consumer. 453 00:29:09,119 --> 00:29:12,519 It just depends on how much they want the business. Also, 454 00:29:12,640 --> 00:29:15,039 I'm not jumping on the COMMI bandwagon, but you know, 455 00:29:15,119 --> 00:29:19,440 Trump enjoys occasional divergence from the truth as well. Yes 456 00:29:19,440 --> 00:29:22,119 that's true. When I say Commi's lie, though, I mean 457 00:29:22,160 --> 00:29:25,640 it is it is fundamental, Like the entire philosophy is 458 00:29:25,680 --> 00:29:30,839 based on lies. So like everything about it is deception. 459 00:29:31,200 --> 00:29:33,839 And so that's why I say the rule number one 460 00:29:34,000 --> 00:29:39,440 of communism is is Commi's lie. You can never trust 461 00:29:39,440 --> 00:29:45,400 anything that they say, nor should you. Steve says that 462 00:29:45,680 --> 00:29:58,599 apparently avocados will now henceforth be called Americado's that's regarding China. 463 00:29:59,519 --> 00:30:03,759 So this over the weekend, a medical device used in 464 00:30:03,839 --> 00:30:09,440 hospitals has been found hosting a back door. This is 465 00:30:09,519 --> 00:30:14,279 software lingo, paving the way for an unauthorized user to 466 00:30:14,400 --> 00:30:22,599 remotely control and tamper with equipment. So this is the stuff. 467 00:30:22,680 --> 00:30:24,599 This is the monitor that like when you're in the 468 00:30:24,640 --> 00:30:27,839 hospital and you're hooked up to the machines. This is 469 00:30:27,880 --> 00:30:31,720 the monitor, and so it is it has been found 470 00:30:31,799 --> 00:30:36,240 to have a quote back door, and data and even 471 00:30:36,319 --> 00:30:42,680 control of the machine itself has been affected, so like 472 00:30:42,720 --> 00:30:46,519 the data has been going out from these machines. The 473 00:30:46,559 --> 00:30:53,119 threat was discovered in three different versions firmware versions for 474 00:30:53,200 --> 00:30:58,119 a patient monitor called the Context CMS eight thousand, also 475 00:30:58,200 --> 00:31:03,160 sold as the EPSIMDE, which can display a user's vitals 476 00:31:03,440 --> 00:31:08,480 including heart rate including heart rate sorry, according to an 477 00:31:08,519 --> 00:31:13,039 advisory from the Cybersecurity and Infrastructure Security Agency or CESSA, 478 00:31:13,960 --> 00:31:17,000 which is weird because I thought like their main mission 479 00:31:17,160 --> 00:31:20,480 was to just spy on UH and then get shadow 480 00:31:20,559 --> 00:31:26,440 band conservatives on Facebook. I thought that was spending all 481 00:31:26,440 --> 00:31:30,119 their time doing. The equipment from China based Contact Medical 482 00:31:30,160 --> 00:31:35,240 Systems was mysteriously configured to connect to an IP address 483 00:31:35,279 --> 00:31:40,319 for a third party university with no connection to the manufacturer. 484 00:31:42,039 --> 00:31:46,599 They have not named the university, so some university some point. 485 00:31:46,640 --> 00:31:49,480 I don't know if it's an American university or foreign 486 00:31:49,559 --> 00:31:53,759 or what, but this university has the IP address and 487 00:31:53,799 --> 00:31:57,200 it's going to them. The back door enables the IP 488 00:31:57,359 --> 00:32:01,880 address at the unnamed university to remotely download and execute 489 00:32:02,119 --> 00:32:06,799 unverified files on the patient monitor. In addition, the same 490 00:32:06,839 --> 00:32:14,279 backdoor automatically sends patient data to the IP address quote. 491 00:32:14,400 --> 00:32:19,319 This is from an advisory from the FDA. Once the 492 00:32:19,359 --> 00:32:22,480 patient monitor is connected to the Internet, it begins gathering 493 00:32:22,559 --> 00:32:28,039 patient data, including personally identifiable information or PII or as 494 00:32:28,039 --> 00:32:32,519 I call it PIE, as well as protected health information 495 00:32:32,920 --> 00:32:37,680 or PHI as I call it FI, so PI and FI. 496 00:32:38,680 --> 00:32:42,319 They also xfiltrate or withdraw the data outside of the 497 00:32:42,359 --> 00:32:47,680 healthcare delivery environment. It's unclear why the third party university 498 00:32:47,839 --> 00:32:51,200 was not named, but SISA learned of the back door 499 00:32:51,240 --> 00:32:56,119 when an unnamed security researcher tipped them off. The agency 500 00:32:56,160 --> 00:32:59,640 then tested the three firmware versions and noticed the anomaloust 501 00:33:00,119 --> 00:33:04,599 work traffic which the security researcher had flagged, and SISA 502 00:33:04,640 --> 00:33:08,440 concluded the back door was not a legitimate way to 503 00:33:08,720 --> 00:33:12,880 use the patient monitor When the function is executed, SISA 504 00:33:12,880 --> 00:33:16,640 says files on the device are forcibly overwritten, preventing the 505 00:33:16,759 --> 00:33:20,359 end customer like the hospital, from maintaining awareness of what 506 00:33:20,480 --> 00:33:22,839 software is running on the device, so they can actually 507 00:33:22,839 --> 00:33:27,599 put stuff into the device too. So think if you're 508 00:33:27,640 --> 00:33:31,799 a high value target. Let's say federal agencies are advising 509 00:33:31,839 --> 00:33:35,920 healthcare providers to prevent the patient monitors from connecting to 510 00:33:36,000 --> 00:33:40,319 the Internet at all, So unplug any Ethernet cables or 511 00:33:40,519 --> 00:33:46,119 disable the wireless connections, so the patient vital signs are 512 00:33:46,119 --> 00:33:49,440 only observed by a caregiver or healthcare provider in the 513 00:33:49,480 --> 00:33:53,440 physical presence of a patient. But yes, let's keep trading 514 00:33:53,480 --> 00:33:56,359 with China. All right, that'll do it for this episode. 515 00:33:56,359 --> 00:33:58,440 Thank you so much for listening. I could not do 516 00:33:58,480 --> 00:34:01,200 the show without your support, the support of the businesses 517 00:34:01,200 --> 00:34:04,079 that advertise on the podcast, so if you'd like, please 518 00:34:04,119 --> 00:34:05,960 support them too and tell them you heard it here. 519 00:34:06,079 --> 00:34:08,599 You can also become a patron at my Patreon page 520 00:34:08,719 --> 00:34:12,320 or go to thepetecleanershow dot com. Again, thank you so 521 00:34:12,360 --> 00:34:15,800 much for listening, and don't break anything while I'm gone.