Final day for tariff-free shipments from China
FOX 26 Houston
[{'start': '0.160', 'end': '4.720', 'text': 'Last day for lowcost shipments from'}, {'start': '2.320', 'end': '6.319', 'text': 'China is tomorrow. It marks the'}, {'start': '4.720', 'end': '8.639', 'text': "beginning of President Trump's new"}, {'start': '6.319', 'end': '11.360', 'text': 'tariffs and fees for packages. The'}, {'start': '8.639', 'end': '13.759', 'text': 'tariffs were imposed last month. But we'}, {'start': '11.360', 'end': '16.080', 'text': "haven't been feeling the full effects of"}, {'start': '13.759', 'end': '18.720', 'text': 'them just yet. Since some companies ship'}, {'start': '16.080', 'end': '21.119', 'text': 'their products by air, ports across the'}, {'start': '18.720', 'end': '23.439', 'text': 'country and here in Houston have already'}, {'start': '21.119', 'end': '26.320', 'text': 'begun to see a drop in shipping, which'}, {'start': '23.439', 'end': '28.800', 'text': 'could affect port workers, truckers, and'}, {'start': '26.320', 'end': '31.679', 'text': 'retailers in the coming weeks. And that'}, {'start': '28.800', 'end': '33.440', 'text': 'could also reduce supply and drive up'}, {'start': '31.679', 'end': '35.920', 'text': 'prices. Joining us to talk about it,'}, {'start': '33.440', 'end': '38.239', 'text': 'political analyst Dr. Dedric vanfeld,'}, {'start': '35.920', 'end': '41.120', 'text': "CEO of She's Happy Hair, Warren"}, {'start': '38.239', 'end': '42.800', 'text': 'Broadnax, attorney and CPA Lucy Petri,'}, {'start': '41.120', 'end': '44.960', 'text': 'and Dr. David Brandom from the'}, {'start': '42.800', 'end': '47.039', 'text': 'University of Houston downtown. So'}, {'start': '44.960', 'end': '49.360', 'text': "Dietrich, let's begin with you. When"}, {'start': '47.039', 'end': '52.640', 'text': 'will people start feeling this? When'}, {'start': '49.360', 'end': '55.280', 'text': 'will the trickle down effect occur from'}, {'start': '52.640', 'end': '57.360', 'text': 'the retailers to the customers, you and'}, {'start': '55.280', 'end': '59.840', 'text': 'I? at the end of the outset is going to'}, {'start': '57.360', 'end': '61.120', 'text': 'be two months, but people are already'}, {'start': '59.840', 'end': '62.559', 'text': 'feeling it. Now, depending on your'}, {'start': '61.120', 'end': '64.320', 'text': "distributor, they've already built in"}, {'start': '62.559', 'end': '65.840', 'text': 'these costs depending on the lead times,'}, {'start': '64.320', 'end': '67.439', 'text': 'depending on their order times and'}, {'start': '65.840', 'end': '69.760', 'text': 'schedule. We mentioned air freight'}, {'start': '67.439', 'end': '72.479', 'text': 'versus maritime freight. Crossing a'}, {'start': '69.760', 'end': '74.159', 'text': 'Pacific Ocean is a big deal. Uh, but you'}, {'start': '72.479', 'end': '76.159', 'text': "know, if you do it by air, it's a little"}, {'start': '74.159', 'end': '77.600', 'text': 'bit quicker. So, at the end of the day,'}, {'start': '76.159', 'end': '78.560', 'text': "if it's coming into Long Beach, that's"}, {'start': '77.600', 'end': '80.960', 'text': 'going to be different than Port of'}, {'start': '78.560', 'end': '82.479', 'text': 'Houston versus Port of New Orleans. All'}, {'start': '80.960', 'end': '84.479', 'text': 'those factors come into play. So, it'}, {'start': '82.479', 'end': '87.600', 'text': 'depends. But you could be experiencing'}, {'start': '84.479', 'end': '90.479', 'text': 'it as of today. So the longstanding'}, {'start': '87.600', 'end': '93.040', 'text': 'aspect or or the outrage might be 7'}, {'start': '90.479', 'end': '94.479', 'text': 'weeks but within that time frame those'}, {'start': '93.040', 'end': '96.880', 'text': 'consumers are going to feel this. Now'}, {'start': '94.479', 'end': '98.880', 'text': 'for those who may take advantage of this'}, {'start': '96.880', 'end': '100.520', 'text': 'situation and we are sure there will be'}, {'start': '98.880', 'end': '103.520', 'text': 'retailers out there who will take'}, {'start': '100.520', 'end': '105.759', 'text': 'advantage. Um what will be the excuse to'}, {'start': '103.520', 'end': '109.439', 'text': 'the public? Why are your prices high'}, {'start': '105.759', 'end': '110.960', 'text': 'already? Is that reasonable? Dr. Brham'}, {'start': '109.439', 'end': '112.320', 'text': 'they will be high if they can get the'}, {'start': '110.960', 'end': '113.720', 'text': "money for them. That's the that's the"}, {'start': '112.320', 'end': '116.079', 'text': "thing. They're profit-making"}, {'start': '113.720', 'end': '118.000', 'text': 'organizations. So if they can raise'}, {'start': '116.079', 'end': '119.759', 'text': 'those prices and still get that still'}, {'start': '118.000', 'end': '122.960', 'text': "sell those things, they're going to do"}, {'start': '119.759', 'end': '124.960', 'text': 'it. So if they, you know, the people who'}, {'start': '122.960', 'end': '127.600', 'text': 'are going to really suffer here are the'}, {'start': '124.960', 'end': '130.640', 'text': "smaller businesses. They're not prepared"}, {'start': '127.600', 'end': '132.879', 'text': 'to get to jump on these these deals make'}, {'start': '130.640', 'end': '135.280', 'text': "they're not looking at the shipments as"}, {'start': '132.879', 'end': '136.959', 'text': 'closely as the corporations are. So'}, {'start': '135.280', 'end': '138.560', 'text': 'small businesses will suffer.'}, {'start': '136.959', 'end': '140.319', 'text': 'Corporations will benefit in the short'}, {'start': '138.560', 'end': '142.160', 'text': 'run when it comes to this. And Warren,'}, {'start': '140.319', 'end': '143.760', 'text': "you're one of those small businesses"}, {'start': '142.160', 'end': '146.720', 'text': 'even though you have locations around'}, {'start': '143.760', 'end': '148.640', 'text': 'the country. Um, have you had the'}, {'start': '146.720', 'end': '150.879', 'text': 'opportunity to talk with your'}, {'start': '148.640', 'end': '153.760', 'text': 'distributors and and where do you guys'}, {'start': '150.879', 'end': '155.519', 'text': 'stand in raising the prices? Oh, yes.'}, {'start': '153.760', 'end': '157.040', 'text': "We've tked a team. We're probably"}, {'start': '155.519', 'end': '159.120', 'text': 'talking weekly to all of our different'}, {'start': '157.040', 'end': '161.040', 'text': "distributors and uh we've went through"}, {'start': '159.120', 'end': '162.879', 'text': 'an array of different strategies, right?'}, {'start': '161.040', 'end': '164.879', 'text': 'like uh one of the strategies that we'}, {'start': '162.879', 'end': '167.599', 'text': 'tried to do is kind of circum to'}, {'start': '164.879', 'end': '169.360', 'text': 'circumvent the the tariffs is to kind of'}, {'start': '167.599', 'end': '171.840', 'text': 'switch our suppliers, our shippers,'}, {'start': '169.360', 'end': '173.920', 'text': "right, logistically. So, we've kind of"}, {'start': '171.840', 'end': '175.599', 'text': 'switched from FedEx to UPS. That was'}, {'start': '173.920', 'end': '177.440', 'text': 'kind of a strategy we talked about over'}, {'start': '175.599', 'end': '178.800', 'text': 'the weekend only to wake up Monday'}, {'start': '177.440', 'end': '180.560', 'text': 'morning and realize that FedEx is'}, {'start': '178.800', 'end': '181.519', 'text': 'cutting 20,000 jobs, right? So, then'}, {'start': '180.560', 'end': '184.640', 'text': 'that takes us right back to the'}, {'start': '181.519', 'end': '188.400', 'text': 'strategic uh thinking board. So we are'}, {'start': '184.640', 'end': '191.440', 'text': 'really doing like um problem solving in'}, {'start': '188.400', 'end': '193.519', 'text': 'real time on a daily basis right now. Uh'}, {'start': '191.440', 'end': '194.800', 'text': "you know we've experienced a lot of uh"}, {'start': '193.519', 'end': '196.879', 'text': 'suppliers right now letting us know our'}, {'start': '194.800', 'end': '200.000', 'text': 'lead times now due to the tariffs have'}, {'start': '196.879', 'end': '202.159', 'text': 'went from 7 days up to 15 days where in'}, {'start': '200.000', 'end': '204.239', 'text': 'contrast where pre-tariff we would get'}, {'start': '202.159', 'end': '207.120', 'text': "our our inventory in in 14 days we're"}, {'start': '204.239', 'end': '209.280', 'text': 'looking at 25 to 45 days if there are no'}, {'start': '207.120', 'end': '211.519', 'text': 'delays with the tears already. And where'}, {'start': '209.280', 'end': '213.120', 'text': 'are you getting your hair products from?'}, {'start': '211.519', 'end': '216.239', 'text': 'which part of the country or which part'}, {'start': '213.120', 'end': '217.680', 'text': 'of the world rather? Uh I mean 95% of'}, {'start': '216.239', 'end': '219.200', 'text': 'the things we are sourcing are coming'}, {'start': '217.680', 'end': '222.239', 'text': 'out of China which is basically coming'}, {'start': '219.200', 'end': '224.480', 'text': 'out of Guanghou uh ideally but most of'}, {'start': '222.239', 'end': '226.879', 'text': 'our um supplies when it comes to our'}, {'start': '224.480', 'end': '228.720', 'text': 'hair extensions and our wigs. We'}, {'start': '226.879', 'end': '230.879', 'text': "actually do air freight. So we've"}, {'start': '228.720', 'end': '232.799', 'text': 'already felt the the the the brute of'}, {'start': '230.879', 'end': '234.400', 'text': 'that. You know this is not those are not'}, {'start': '232.799', 'end': '235.680', 'text': 'products that we ship on ships. Those'}, {'start': '234.400', 'end': '238.080', 'text': 'are actually products that we ship via'}, {'start': '235.680', 'end': '240.239', 'text': 'air. And so as a result have you had to'}, {'start': '238.080', 'end': '242.400', 'text': 'pass it along to the customers already?'}, {'start': '240.239', 'end': '244.239', 'text': 'Absolutely. Absolutely. Uh, you know, I'}, {'start': '242.400', 'end': '247.360', 'text': 'think I came on about two weeks ago and'}, {'start': '244.239', 'end': '248.640', 'text': "we've had to pass those additional uh"}, {'start': '247.360', 'end': '250.319', 'text': "costs on to the customers. We're"}, {'start': '248.640', 'end': '252.799', 'text': 'probably about 10 days into it right'}, {'start': '250.319', 'end': '254.959', 'text': "now. Uh, I've been very, uh, tapped in"}, {'start': '252.799', 'end': '256.639', 'text': "with the team and so far we haven't had"}, {'start': '254.959', 'end': '257.919', 'text': 'any kickback with the customers. So, I,'}, {'start': '256.639', 'end': '259.359', 'text': 'you know, I really want to thank the'}, {'start': '257.919', 'end': '261.919', 'text': "customers that she's happy. Too many"}, {'start': '259.359', 'end': '263.440', 'text': 'people going to go without their hair.'}, {'start': '261.919', 'end': '264.960', 'text': 'Absolutely. I think just to keep the'}, {'start': '263.440', 'end': '266.880', 'text': 'integrity of the company right, we had'}, {'start': '264.960', 'end': '268.800', 'text': "to pass those home. And Lucy, how's the"}, {'start': '266.880', 'end': '272.000', 'text': 'market reacting to this stock market?'}, {'start': '268.800', 'end': '274.639', 'text': 'The market is confused. Um, so are we,'}, {'start': '272.000', 'end': '276.400', 'text': "right? We don't know what is going on"}, {'start': '274.639', 'end': '279.320', 'text': 'because we just had some economic'}, {'start': '276.400', 'end': '282.720', 'text': 'indicators come out. The GDP is actually'}, {'start': '279.320', 'end': '285.440', 'text': 'contracting unlike the expected growth.'}, {'start': '282.720', 'end': '287.919', 'text': 'Uh, but earnings are coming out and the'}, {'start': '285.440', 'end': '290.560', 'text': 'earnings are good. So there are mixed'}, {'start': '287.919', 'end': '293.919', 'text': 'signals uh in the market right now.'}, {'start': '290.560', 'end': '295.759', 'text': "There's a lot of confusion and um I"}, {'start': '293.919', 'end': '300.320', 'text': 'think the economic indicators are'}, {'start': '295.759', 'end': '302.000', 'text': 'behind. We are not yet seeing the'}, {'start': '300.320', 'end': '306.000', 'text': 'results of the tariffs and I think'}, {'start': '302.000', 'end': '309.280', 'text': "there's inflation um spending right now"}, {'start': '306.000', 'end': '311.680', 'text': 'with a stockpiling in anticipation of'}, {'start': '309.280', 'end': '315.600', 'text': "these tariffs. So I think we don't see"}, {'start': '311.680', 'end': '318.960', 'text': 'the actual economic results in the'}, {'start': '315.600', 'end': '321.759', 'text': 'market just yet. And have we seen the'}, {'start': '318.960', 'end': '323.600', 'text': 'government jobs growth report yet'}, {'start': '321.759', 'end': '325.680', 'text': "whether it's up or down? And how will"}, {'start': '323.600', 'end': '328.800', 'text': "that impact us? Dr. Looks like it's"}, {'start': '325.680', 'end': '331.520', 'text': 'about 280,000 jobs gone. What I saw'}, {'start': '328.800', 'end': '333.280', 'text': 'today, Doge. Yeah, mo mostly Doge, but'}, {'start': '331.520', 'end': '334.800', 'text': "there's other other businesses where"}, {'start': '333.280', 'end': '337.840', 'text': "jobs are going away. We're going to see"}, {'start': '334.800', 'end': '339.600', 'text': "that economic report tomorrow. Uh it's"}, {'start': '337.840', 'end': '341.919', 'text': "going to be hard because we're trusting"}, {'start': '339.600', 'end': '343.919', 'text': 'businesses to tell us on that economic'}, {'start': '341.919', 'end': '345.680', 'text': "report what's going to h what's"}, {'start': '343.919', 'end': '346.960', 'text': 'happening in their businesses. I think a'}, {'start': '345.680', 'end': '350.440', 'text': 'lot of businesses right now are just'}, {'start': '346.960', 'end': '350.440', 'text': 'standing pat.'}, {'start': '352.400', 'end': '356.240', 'text': "All right, don't go anywhere. We'll"}, {'start': '354.160', 'end': '358.160', 'text': 'continue this conversation with our'}, {'start': '356.240', 'end': '359.759', 'text': 'group in just a minute here on the'}, {'start': '358.160', 'end': '361.919', 'text': "Factor Uncensored. We're back to the"}, {'start': '359.759', 'end': '364.160', 'text': 'Factor Uncensored. Democratic senators'}, {'start': '361.919', 'end': '366.800', 'text': "say the Trump administration's tariffs"}, {'start': '364.160', 'end': '368.639', 'text': 'are sabotaging the US economy. Last'}, {'start': '366.800', 'end': '371.280', 'text': 'night, the Senate blocked a bill that'}, {'start': '368.639', 'end': '373.680', 'text': "would have ended the president's"}, {'start': '371.280', 'end': '376.880', 'text': 'emergency declaration allowing him to'}, {'start': '373.680', 'end': '379.199', 'text': 'raise tariffs, including the 145%'}, {'start': '376.880', 'end': '381.680', 'text': "tariffs on China. As we've reported,"}, {'start': '379.199', 'end': '384.639', 'text': 'data shows a sharp drop in shipments'}, {'start': '381.680', 'end': '387.840', 'text': 'from China. Experts predict potential'}, {'start': '384.639', 'end': '389.840', 'text': 'trucking and retail layoffs next month,'}, {'start': '387.840', 'end': '392.160', 'text': 'which could worsen supply chain'}, {'start': '389.840', 'end': '395.759', 'text': 'problems. Our guests are back now. We'}, {'start': '392.160', 'end': '398.479', 'text': 'also saw, guys, some Republican senators'}, {'start': '395.759', 'end': '401.199', 'text': 'join the Democrats like Ran Paul from'}, {'start': '398.479', 'end': '403.440', 'text': 'Kentucky saying, "Look, we don\'t need'}, {'start': '401.199', 'end': '406.240', 'text': 'this." But it was not enough. The vote'}, {'start': '403.440', 'end': '409.199', 'text': 'was 49 to 49. I think they even brought'}, {'start': '406.240', 'end': '412.000', 'text': 'Vice President Vance in to make sure'}, {'start': '409.199', 'end': '414.560', 'text': 'there was not a Democratic victory.'}, {'start': '412.000', 'end': '416.319', 'text': 'guys. I mean, at the end of the day, we'}, {'start': '414.560', 'end': '418.560', 'text': 'just saw a negotiation with the dock'}, {'start': '416.319', 'end': '420.560', 'text': 'workers in California. We resolved this'}, {'start': '418.560', 'end': '422.800', 'text': "in January. We're looking at these pay"}, {'start': '420.560', 'end': '424.160', 'text': "increases. They're finally able to"}, {'start': '422.800', 'end': '426.080', 'text': "ensure that they're able to get home to"}, {'start': '424.160', 'end': '428.960', 'text': 'their families and have a living wage.'}, {'start': '426.080', 'end': '430.319', 'text': "And now we're pulling that back and"}, {'start': '428.960', 'end': '432.160', 'text': "we're going to see layoffs. And so,"}, {'start': '430.319', 'end': '434.080', 'text': "we've already seen anticipatory layoffs"}, {'start': '432.160', 'end': '435.759', 'text': "with FedEx and other shippers. We've"}, {'start': '434.080', 'end': '437.680', 'text': "seen it with airlines. We've seen it"}, {'start': '435.759', 'end': '440.240', 'text': 'with all these people associated with uh'}, {'start': '437.680', 'end': '442.160', 'text': 'China and the corporations therefore.'}, {'start': '440.240', 'end': '443.440', 'text': 'And at the end of the day, even'}, {'start': '442.160', 'end': '444.960', 'text': 'Republicans are saying, "This is going'}, {'start': '443.440', 'end': '447.360', 'text': 'to impact my district the most." I mean,'}, {'start': '444.960', 'end': '449.120', 'text': 'Texas is highly reliant, billions of'}, {'start': '447.360', 'end': '452.240', 'text': 'dollars, what, you know, whether you say'}, {'start': '449.120', 'end': '453.759', 'text': '40 or 60 billion dollars reliant on this'}, {'start': '452.240', 'end': '456.000', 'text': 'trade relationship. And so, these'}, {'start': '453.759', 'end': '458.400', 'text': 'policies are going to impact those Trump'}, {'start': '456.000', 'end': '459.840', 'text': 'states even more disproportionately than'}, {'start': '458.400', 'end': '461.360', 'text': 'some of the liberal states. And the'}, {'start': '459.840', 'end': '464.919', 'text': 'federal government is one of the largest'}, {'start': '461.360', 'end': '468.319', 'text': 'employers in the country. And they have'}, {'start': '464.919', 'end': '470.560', 'text': 'been massive layoffs, massive layoffs.'}, {'start': '468.319', 'end': '472.880', 'text': 'Well, traditionally Republicans are free'}, {'start': '470.560', 'end': '475.120', 'text': 'market and free market is not tariffs. I'}, {'start': '472.880', 'end': '477.919', 'text': 'mean tariffs are taxes that and'}, {'start': '475.120', 'end': '479.840', 'text': 'Republicans are anti-ax. Ran Paul is the'}, {'start': '477.919', 'end': '481.680', 'text': 'original libertarian Republican in the'}, {'start': '479.840', 'end': '483.440', 'text': "Senate. He's not going to be for this."}, {'start': '481.680', 'end': '485.919', 'text': 'So Trump is going to get some backlash'}, {'start': '483.440', 'end': '488.319', 'text': "on this and it's going to be hard going"}, {'start': '485.919', 'end': '490.560', 'text': 'forward for him to push these through,'}, {'start': '488.319', 'end': '492.400', 'text': 'especially if we start seeing downfalls'}, {'start': '490.560', 'end': '494.240', 'text': 'in the economy. If we start seeing'}, {'start': '492.400', 'end': '496.160', 'text': 'people lose their jobs, if we see'}, {'start': '494.240', 'end': '497.440', 'text': 'businesses struggling, this is going to'}, {'start': '496.160', 'end': '499.440', 'text': "be something that's hard. it's going to"}, {'start': '497.440', 'end': '501.280', 'text': 'be hard for Trump to continue with. So,'}, {'start': '499.440', 'end': '502.879', 'text': "he's got a long road ahead as far as"}, {'start': '501.280', 'end': '504.560', 'text': 'getting this policy through. And and'}, {'start': '502.879', 'end': '506.560', 'text': 'Warren, are you concerned about the'}, {'start': '504.560', 'end': '508.479', 'text': 'stability of your business with all of'}, {'start': '506.560', 'end': '510.400', 'text': 'this going on with the number of'}, {'start': '508.479', 'end': '512.240', 'text': 'employees you have around the country? I'}, {'start': '510.400', 'end': '515.200', 'text': 'mean, are you concerned you could'}, {'start': '512.240', 'end': '516.800', 'text': 'potentially have to let someone go? Uh,'}, {'start': '515.200', 'end': '518.479', 'text': "for sure. Right. I think that's a fear"}, {'start': '516.800', 'end': '519.760', 'text': 'that we live with. I think that, uh, you'}, {'start': '518.479', 'end': '521.519', 'text': 'know, as a business owner, you always'}, {'start': '519.760', 'end': '523.680', 'text': 'pride yourself on how you stood up in'}, {'start': '521.519', 'end': '525.680', 'text': 'resilience. Uh, times are where you'}, {'start': '523.680', 'end': '527.440', 'text': 'needed to be resilient. You know, these'}, {'start': '525.680', 'end': '529.600', 'text': 'times kind of take me back to the co'}, {'start': '527.440', 'end': '531.200', 'text': "times, right? Where it's like I think it"}, {'start': '529.600', 'end': '533.200', 'text': 'makes me have to understand I have to be'}, {'start': '531.200', 'end': '534.640', 'text': 'on my agame. I have to be doing my'}, {'start': '533.200', 'end': '537.440', 'text': 'strategic thinking. I have to be'}, {'start': '534.640', 'end': '539.279', 'text': 'informed as to making every decision.'}, {'start': '537.440', 'end': '540.880', 'text': 'But my main goal is to keep the'}, {'start': '539.279', 'end': '543.040', 'text': 'priorities of the company, keep our hair'}, {'start': '540.880', 'end': '545.440', 'text': 'in stock, keep our seven days a week,'}, {'start': '543.040', 'end': '547.680', 'text': 'keep our employees employed. And you'}, {'start': '545.440', 'end': '548.959', 'text': 'know, unfortunately, I think right now'}, {'start': '547.680', 'end': '551.120', 'text': "uh the way that I'm doing that is"}, {'start': '548.959', 'end': '552.640', 'text': 'passing those um increases from the'}, {'start': '551.120', 'end': '554.640', 'text': "tariffs down to the customers. I don't"}, {'start': '552.640', 'end': '556.240', 'text': "know if I'm going to go as far as maybe"}, {'start': '554.640', 'end': '558.399', 'text': 'Amazon was going to go and show the'}, {'start': '556.240', 'end': '559.920', 'text': 'customers of how much more the tariffs'}, {'start': '558.399', 'end': '562.000', 'text': "are increasing their products, but I'm"}, {'start': '559.920', 'end': '564.000', 'text': 'not against it as well to be extremely'}, {'start': '562.000', 'end': '565.760', 'text': 'transparent to show them that, you know,'}, {'start': '564.000', 'end': '566.959', 'text': "these aren't the these aren't increases"}, {'start': '565.760', 'end': '569.360', 'text': "that we're getting and we're getting"}, {'start': '566.959', 'end': '571.200', 'text': 'rich off of. And Dr. Fon beatenfeld, the'}, {'start': '569.360', 'end': '573.680', 'text': 'president said just yesterday, this is'}, {'start': '571.200', 'end': '575.760', 'text': "still Biden's economy. Absolutely. And"}, {'start': '573.680', 'end': '577.600', 'text': 'and a lot of this is politics in the'}, {'start': '575.760', 'end': '580.160', 'text': 'sense of why are we attributing politics'}, {'start': '577.600', 'end': '582.880', 'text': "to Amazon's very clear business decision"}, {'start': '580.160', 'end': '585.440', 'text': 'to attribute the outside sources of'}, {'start': '582.880', 'end': '588.320', 'text': 'their price increases to ensure their uh'}, {'start': '585.440', 'end': '590.800', 'text': 'loyalty of customers. Amazon Jeff Bezos'}, {'start': '588.320', 'end': '593.279', 'text': "doesn't want to acknowledge that they"}, {'start': '590.800', 'end': '596.080', 'text': 'are the cause of any price increases'}, {'start': '593.279', 'end': '598.480', 'text': 'when they are not. So um but they pulled'}, {'start': '596.080', 'end': '600.399', 'text': 'back on that and and of course many uh'}, {'start': '598.480', 'end': '602.399', 'text': 'entities are going to be fearful of'}, {'start': '600.399', 'end': '605.360', 'text': 'offending the administration because we'}, {'start': '602.399', 'end': '607.680', 'text': 'know that even uh any tweet uh from the'}, {'start': '605.360', 'end': '610.080', 'text': 'president is going to see measured'}, {'start': '607.680', 'end': '612.640', 'text': 'diminishment in your shareholder price.'}, {'start': '610.080', 'end': '614.240', 'text': 'So at the end of the day this is not'}, {'start': '612.640', 'end': '615.760', 'text': 'something that is inherited. This is'}, {'start': '614.240', 'end': '618.000', 'text': "something intentional and it's inflicted"}, {'start': '615.760', 'end': '619.839', 'text': 'on our own people by our current'}, {'start': '618.000', 'end': '621.839', 'text': "process. All right, don't go anywhere."}, {'start': '619.839', 'end': '624.320', 'text': "We'll continue this discussion after the"}, {'start': '621.839', 'end': '626.160', 'text': 'break here on the Factor Uncensored. And'}, {'start': '624.320', 'end': '628.000', 'text': 'welcome back to the Factor Uncensored.'}, {'start': '626.160', 'end': '629.839', 'text': "The tariffs are coming if they're not"}, {'start': '628.000', 'end': '632.480', 'text': 'already here. Our guests are continuing'}, {'start': '629.839', 'end': '634.640', 'text': 'our conversation tonight. So, one of the'}, {'start': '632.480', 'end': '636.959', 'text': "things that we've heard from specific"}, {'start': '634.640', 'end': '639.680', 'text': 'businesses saying this is how it will'}, {'start': '636.959', 'end': '642.720', 'text': "impact me. We're hearing from GMC saying"}, {'start': '639.680', 'end': '644.480', 'text': '4 to 5 billion in the first year. We'}, {'start': '642.720', 'end': '647.200', 'text': "hear McDonald's saying they're doing"}, {'start': '644.480', 'end': '649.040', 'text': 'financially bad right now. So, I mean,'}, {'start': '647.200', 'end': '650.800', 'text': 'will we hear from more businesses and'}, {'start': '649.040', 'end': '653.600', 'text': 'will the president pay attention? Dr.'}, {'start': '650.800', 'end': '655.040', 'text': "Brandom, I think the president's going"}, {'start': '653.600', 'end': '657.880', 'text': 'to pay attention to all of it. The one'}, {'start': '655.040', 'end': '661.040', 'text': "that really scares me is McDonald's. It"}, {'start': '657.880', 'end': '663.480', 'text': "3.6% two months in a row they've lost a"}, {'start': '661.040', 'end': '665.600', 'text': 'business. People are afraid to buy'}, {'start': '663.480', 'end': '667.360', 'text': "hamburgers. They're afraid to spend a"}, {'start': '665.600', 'end': '668.560', 'text': 'little extra money on hamburgers. And'}, {'start': '667.360', 'end': '670.320', 'text': "when you're talking about cars, you're"}, {'start': '668.560', 'end': '672.160', 'text': "talking about big investments. You're"}, {'start': '670.320', 'end': '673.519', 'text': 'talking about people making economic'}, {'start': '672.160', 'end': '675.040', 'text': "decisions. Oh, we can't go buy"}, {'start': '673.519', 'end': '677.440', 'text': "McDonald's because we can't afford that"}, {'start': '675.040', 'end': '679.920', 'text': "anymore. That's scary. That that's when"}, {'start': '677.440', 'end': '682.079', 'text': 'people are putting their money away and'}, {'start': '679.920', 'end': '683.760', 'text': 'saying, "Look, I\'m going to play it safe'}, {'start': '682.079', 'end': '686.000', 'text': 'from here on." And that\'s not good for'}, {'start': '683.760', 'end': '688.079', 'text': 'economic growth. So that this is'}, {'start': '686.000', 'end': '690.640', 'text': 'something that that needs to be looked'}, {'start': '688.079', 'end': '692.720', 'text': 'at very closely in in the near future'}, {'start': '690.640', 'end': '694.760', 'text': 'because this is affecting the entire'}, {'start': '692.720', 'end': '697.440', 'text': 'population. And Lucy, will the'}, {'start': '694.760', 'end': '699.600', 'text': 'administration pay attention as more of'}, {'start': '697.440', 'end': '700.959', 'text': 'these big companies come together? Now,'}, {'start': '699.600', 'end': '703.200', 'text': 'there was a meeting at the White House'}, {'start': '700.959', 'end': '704.959', 'text': 'yesterday where the president said, "All'}, {'start': '703.200', 'end': '707.519', 'text': 'of these companies are investing in'}, {'start': '704.959', 'end': '709.200', 'text': 'America, but you have some saying, look,'}, {'start': '707.519', 'end': '711.279', 'text': "you're not investing in us. You're"}, {'start': '709.200', 'end': '713.440', 'text': 'hurting us as companies." Do you think'}, {'start': '711.279', 'end': '717.200', 'text': 'the president will hear this? I do think'}, {'start': '713.440', 'end': '720.560', 'text': 'this administration is sensitive to uh'}, {'start': '717.200', 'end': '724.240', 'text': 'outside uh forces and influences and the'}, {'start': '720.560', 'end': '726.399', 'text': 'whole team also has come together to'}, {'start': '724.240', 'end': '728.560', 'text': 'speak with the president especially when'}, {'start': '726.399', 'end': '730.880', 'text': 'the bond market started crashing'}, {'start': '728.560', 'end': '733.560', 'text': 'recently. So I think they will listen to'}, {'start': '730.880', 'end': '736.959', 'text': 'reason once the market'}, {'start': '733.560', 'end': '741.519', 'text': 'reacts until that happens I think they'}, {'start': '736.959', 'end': '743.480', 'text': 'will uh continue the tariff game. Um but'}, {'start': '741.519', 'end': '746.959', 'text': 'I think they are'}, {'start': '743.480', 'end': '749.600', 'text': 'sensitive to outside influences. Do you'}, {'start': '746.959', 'end': '751.519', 'text': 'think there will be an about face or'}, {'start': '749.600', 'end': '754.480', 'text': 'fear from some of these companies? Dr.'}, {'start': '751.519', 'end': '756.880', 'text': 'Von Beenfeld like with Amazon. Initially'}, {'start': '754.480', 'end': '759.279', 'text': 'Amazon said that they were going to show'}, {'start': '756.880', 'end': '761.440', 'text': 'the tariff prices or the cost of a'}, {'start': '759.279', 'end': '763.040', 'text': 'tariff but then they came back and said'}, {'start': '761.440', 'end': '764.959', 'text': "oh that was a mistake. We weren't going"}, {'start': '763.040', 'end': '767.279', 'text': 'to do that after the Trump'}, {'start': '764.959', 'end': '769.360', 'text': 'administration criticized them. You'}, {'start': '767.279', 'end': '770.800', 'text': 'think other companies will run away and'}, {'start': '769.360', 'end': '772.160', 'text': "not say anything? I think you've already"}, {'start': '770.800', 'end': '773.760', 'text': 'hit on this and we talked about this'}, {'start': '772.160', 'end': '775.440', 'text': 'with education. At the end of the day,'}, {'start': '773.760', 'end': '776.959', 'text': 'your tax sellers are going to fund your'}, {'start': '775.440', 'end': '778.800', 'text': 'prosecution because the federal'}, {'start': '776.959', 'end': '781.040', 'text': 'government is funded by us and so they'}, {'start': '778.800', 'end': '783.600', 'text': 'have unlimited resources to prosecute'}, {'start': '781.040', 'end': '785.760', 'text': 'you uh in these instances. So I think'}, {'start': '783.600', 'end': '787.839', 'text': 'the companies are very aware'}, {'start': '785.760', 'end': '789.920', 'text': 'particularly with their bottom lines'}, {'start': '787.839', 'end': '792.160', 'text': "with whether it's uh global production"}, {'start': '789.920', 'end': '794.000', 'text': 'and assembly products from Mexico or'}, {'start': '792.160', 'end': '795.920', 'text': 'Canada and the tariffs and and GM saying'}, {'start': '794.000', 'end': '797.519', 'text': "4.6 six billion whether it's McDonald's"}, {'start': '795.920', 'end': '798.959', 'text': "and I'd say it goes beyond just the"}, {'start': '797.519', 'end': '801.360', 'text': 'hamburger prices and the lipstick'}, {'start': '798.959', 'end': '802.720', 'text': 'economy and those ideas to the idea that'}, {'start': '801.360', 'end': '804.959', 'text': "McDonald's really is a real estate"}, {'start': '802.720', 'end': '806.959', 'text': 'business and so the Chinese investors'}, {'start': '804.959', 'end': '808.880', 'text': "the Russians they're pulling out of"}, {'start': '806.959', 'end': '810.639', 'text': 'these things and so all these areas are'}, {'start': '808.880', 'end': '812.560', 'text': 'going to add pressure to President Trump'}, {'start': '810.639', 'end': '815.279', 'text': 'but at the end of the day they recognize'}, {'start': '812.560', 'end': '816.800', 'text': 'that he controls really at this point'}, {'start': '815.279', 'end': '819.120', 'text': 'Congress the power of the purse is'}, {'start': '816.800', 'end': '820.720', 'text': 'differential to him and at the end of'}, {'start': '819.120', 'end': '822.720', 'text': 'the day department of justice is going'}, {'start': '820.720', 'end': '824.480', 'text': 'to do what he says and we will pay for'}, {'start': '822.720', 'end': '825.920', 'text': 'our own persecution so I think these'}, {'start': '824.480', 'end': '827.600', 'text': 'companies are going to be highly'}, {'start': '825.920', 'end': '829.040', 'text': 'differential and if they need to about'}, {'start': '827.600', 'end': '830.560', 'text': 'face to appease President Trump, they'}, {'start': '829.040', 'end': '833.880', 'text': 'will. All right. And Warren, do you'}, {'start': '830.560', 'end': '836.079', 'text': 'think small businesses, the the Trump'}, {'start': '833.880', 'end': '838.240', 'text': 'administration, do they hear your'}, {'start': '836.079', 'end': '841.440', 'text': 'voices? Do they care about small'}, {'start': '838.240', 'end': '843.279', 'text': "businesses? I don't think so. Uh I think"}, {'start': '841.440', 'end': '845.040', 'text': 'right now, right, I think uh the small'}, {'start': '843.279', 'end': '846.720', 'text': 'businesses are not being taken in'}, {'start': '845.040', 'end': '848.399', 'text': 'consideration. I know I hear a lot of,'}, {'start': '846.720', 'end': '849.920', 'text': '"Oh, these manufacturing jobs are going'}, {'start': '848.399', 'end': '851.760', 'text': 'to come back to America." But I think'}, {'start': '849.920', 'end': '853.760', 'text': 'most of our factories, those jobs will'}, {'start': '851.760', 'end': '856.079', 'text': 'never come back to America, right? And'}, {'start': '853.760', 'end': '857.680', 'text': "if we don't find some type of common"}, {'start': '856.079', 'end': '859.760', 'text': 'ground with these tariffs, then those'}, {'start': '857.680', 'end': '861.360', 'text': 'small businesses are going to go out of'}, {'start': '859.760', 'end': '863.600', 'text': 'business and fall under. As a business'}, {'start': '861.360', 'end': '865.279', 'text': 'owner right now, you know, I just to'}, {'start': '863.600', 'end': '867.360', 'text': 'kind of keep myself steady, I think of'}, {'start': '865.279', 'end': '868.800', 'text': 'one of my favorite quotes as we handle'}, {'start': '867.360', 'end': '870.079', 'text': "these terrorists, you know, and it's if"}, {'start': '868.800', 'end': '872.240', 'text': "you don't become the ocean, you'll be"}, {'start': '870.079', 'end': '875.199', 'text': "you'll become seasick every day. There"}, {'start': '872.240', 'end': '875.199', 'text': 'you go. mate.'}]