Relatable with Allie Beth Stuckey - Ep 1169 ｜ You Need to Calm Down (About Tariffs) ｜ Guest： Ron Simmons

00:00:00.000 American Girl is celebrating Ramadan. That's right, American Girl. We will look at the 1.00

00:00:08.180 progressive shift of American Girl and what it means for us. We will also be talking to my dad

00:00:14.280 who is going to calm us all down about the stock market and tariffs and tell us what is really up.

00:00:20.020 We've got all of this and more on today's episode of Relatable.

00:00:30.000 Hey guys, welcome to Relatable. Happy Wednesday. Hope everyone is having a wonderful week so far.

00:00:38.000 We've got my dad on at the end of this episode, the last 20 or so minutes, to talk us off the ledge

00:00:44.020 when it comes to tariffs, the stock market, the economy. He'll be answering some practical

00:00:48.860 questions, addressing some concerns that you guys sent me on Instagram. First, we're going to talk

00:00:55.180 about this cultural story that I've been wanting to talk about for a while about American Girl.

00:01:01.760 As a girl mom, this makes me very sad and concerns me. So we'll get into that in a second. But just

00:01:08.560 a few announcements. Number one, we've got some behind the paywall subscriber content coming for

00:01:16.620 you on blazetv.com. So make sure you subscribe. You can go to blazetv.com slash Allie for our relatable

00:01:24.340 at home stuff. It's parenting. It's homemaking. It's cooking. It's really good. We've got other

00:01:29.720 kinds of content that's coming down the pipeline too. But also when you subscribe, you will get

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00:02:03.180 could pull the plug because they don't like what we have to say. So subscribe to blazetv.com. Also,

00:02:08.620 if you haven't gotten your tickets for Share the Arrows, make sure you do that. Sharethearrows.com.

00:02:14.400 If you are a Christian woman who needs courage, who needs fellowship, who wants to be surrounded

00:02:19.760 of thousands of like-minded Christian women, then you need to be there on October 11th in 1.00

00:02:27.040 Dallas, Texas. We've got awesome speakers that you can see up there. We've got Ginger Duggar

00:02:32.980 Volo, Elisa Childers, Shauna Holman, Katie Faust, Taylor Dukes, Francesca Battistelli, and yours truly.

00:02:40.060 It is going to be awesome. I can't wait. Also, if you are in the South Carolina, North Carolina,

00:02:46.380 parts of Georgia area, or maybe even if you want to drive a little bit farther than that,

00:02:51.380 then you should come hear me speak at Clemson University tomorrow night. Doors open at 6 p.m.

00:02:57.380 It's in an auditorium. I put it on Instagram so you can see the details of that. And it starts at 7 p.m.

00:03:04.420 It's going to be pretty casual. I'll be giving remarks and then I'll also do a Q&A, but it should

00:03:09.960 be fun. You don't have to be a student. You don't have to purchase a ticket. Don't worry. It will be

00:03:14.760 heavily secured just in case there are any troublemakers there, but I don't have that

00:03:19.180 expectation. I think it's going to be fun. And guess what? My dad's going to be there too.

00:03:23.340 And so if you want to meet my dad and if you want to meet Chief Related Bro, then you should come to

00:03:27.260 Clemson University tomorrow night. And thank you to the Turning Point chapter there for hosting me.

00:03:32.340 All right. Let's see. Do I have any more announcements to give? If you love this podcast,

00:03:37.360 leave us a five-star review wherever you listen. Subscribe to YouTube. If you haven't done that

00:03:41.160 already, you can watch on Spotify now, which is really fun. Let's see. I'm just going to get them

00:03:45.920 all out of the way because sometimes I forget to make these announcements or ask these questions.

00:03:50.300 If you haven't bought Toxic Empathy and you need the facts to feel equipped in having contentious

00:03:55.600 political, cultural, theological conversations with your family and your friends about people you know

00:04:00.940 about the things going on in the world, you need Toxic Empathy, How Progressives Exploit

00:04:05.800 Christian Compassion. I'm very grateful to the Lord. It was a New York Times bestseller

00:04:09.560 and hopefully it equipped a lot of you and continues to raise a respectful ruckus for the things that

00:04:17.460 matter. You can go to ToxicEmpathy.com or you can get that book wherever books are sold. All right.

00:04:22.360 I promise that's it. I promise. Let's get into it now. Let's get into this American Girl story.

00:04:28.100 I saw this circulating on Acts a couple weeks ago and we've kind of been pushing it off just

00:04:32.880 because there have been so many pressing things that we had to discuss. But as I said, I'm a girl

00:04:38.580 mom. I'm a girl mom who has three little girls who love dolls and would love American Girl. I would

00:04:45.200 love them. I would love to take them to the American Girl store. I grew up reading the American Girl books.

00:04:51.300 They were some of my favorite books. I remember their lives. I remember their stories and all of

00:04:57.240 their different personality traits because they just kind of left an indelible mark on my young,

00:05:02.300 impressionable mind. And they were always really sweet. I mean, they always championed basic virtues

00:05:08.300 and also just showing appropriate confidence as a girl and the value and the uniqueness of being a girl.

00:05:16.280 And so I would say even if maybe you have some contentions with American Girl of old and I'm just

00:05:22.520 not remembering correctly because I was young, I would say certainly their impact has been a net

00:05:28.100 positive. But we've started seeing some sketchy things over the years because as we know, as a

00:05:34.000 principle, if an institution is not explicitly biblical, not just explicitly conservative, but explicitly

00:05:41.560 biblical, it will end up veering into degeneracy. It will end up veering to the left, questioning 0.89

00:05:48.880 basic realities like gender, breaking down the moral values that we have agreed upon at least as

00:06:01.240 culturally Christian Americans for a very long time. And that's certainly what we've seen with 1.00

00:06:07.760 American Girl. And we'll get into some of that background in a second. But I'll tell you about

00:06:12.060 what I saw that I was like, well, that's interesting that that is the direction that we are going.

00:06:17.860 American Girl posted a picture on their Instagram of a doll wearing a pink hijab to celebrate an Islamic

00:06:26.060 holiday, Eid al-Fitr. I apologize if I'm not saying that correctly. It says Islam's feasting holiday

00:06:33.160 that marks the end of Ramadan, a month of fasting. Here's Satu. 0.98

00:06:38.620 Eid Mubarak to you and yours. Today, I'm going to make some baklava to celebrate Eid al-Fitr.

00:06:45.360 Eid al-Fitr is a feast that's celebrated by Muslims worldwide. It celebrates the end of Ramadan when we

00:06:52.360 fast for a month from dawn to sunset. It's ready. Happy Eid al-Fitr. Too soon. Still hot.

00:07:00.240 Okay. I simply find that strange. Now, if you are still living under the impression that we

00:07:07.360 live in a neutral, multi-ethnic, multicultural, multi-religious society, that we simply have to

00:07:18.000 say, okay, if Christianity is represented, then every other religion has to be equally represented,

00:07:24.380 then you probably see no problem with this. But if you have awoken to the reality that there

00:07:30.220 is really no neutrality, that the existence of right and wrong and truth and falsehood,

00:07:36.660 that they not only exist, but that they actually matter. If you realize that America, this is

00:07:42.820 American girl, is actually a country with a Christian or some would say Judeo-Christian

00:07:48.760 foundation. And what is meant by Judeo-Christian is that there are principles in the Old Testament

00:07:53.600 that both Jewish people and Christians agree upon that helped lay the foundation of America that

00:08:02.940 provided the principles that are in the Declaration of Independence, namely that we are created by

00:08:09.000 a God who gave us inalienable rights and that that power supersedes the power of any government.

00:08:14.980 The Imago Dei was the driving force behind the principles and the pillars of Western civilization.

00:08:24.000 And that is something that both Jews and Christians agree upon. And so when we see Islam as now a very 0.98

00:08:34.200 formidable part of American society, it is actually okay. I just want to give you permission in case you

00:08:40.260 needed it. It is actually okay to say, huh, is this good? It is actually okay to say, well, you know,

00:08:47.800 when I look at Muslim majority countries everywhere, most of them are completely wrought 1.00

00:08:54.060 with archaic violence and chaos and oppression of the most vulnerable. When we look at all of the major

00:09:04.440 terrorist groups around the world, you can ask Grok, you can ask ChatGPT, you might have to dig a little

00:09:11.260 bit deeper. You can even look on Wikipedia. All of these terrorist groups, save a couple, are Islamic

00:09:17.860 in nature. When we look at the religious affiliation of the groups most violently persecuting both Jews

00:09:26.080 and Christians around the world, it's all Islam. Okay? That is not to say that every person who is 0.99

00:09:34.620 Muslim is violent. That is not to say every person who is Muslim is going to be a terrorist or is going

00:09:40.920 to be a radical extremist. But obviously, we see the common denominator there. I mean, the greatest

00:09:46.300 terrorist attack that we've had on our soil was committed by people who did so in the name of Islam. 0.98

00:09:53.160 And yet, ironically, darkly ironically, since 2001, we have only seen greater acceptance and greater

00:10:04.140 mainstreaming of Islam. We've also seen how this has evolved a lot of communities. We're actually

00:10:11.260 seeing in Texas right now, outside of Dallas, this whole epic city controversy. I don't know if you guys

00:10:18.440 have seen this, but that's an acronym that basically stands for like an Islamic community that is

00:10:26.260 apparently trying to be governed by Islamic law. It will be its own city that is kind of separate from

00:10:34.600 the metroplex, separate from the regulations that rule the metroplex of DFW. And there will be Islamic 1.00

00:10:42.900 schools, Islamic mosques, and basically an entire separate city just for Muslim people. Okay, so that kind of

00:10:53.240 thing was unheard of 10, 20, certainly 30 years ago. That is going to change our communities and our

00:11:01.300 communities' values. And you have to expect that if a large group of people in a concentrated way come from

00:11:15.820 a country that is wrought with violence and oppression because of the religion that is driving their laws, 1.00

00:11:23.120 that that is going to have possibly a similar impact when they move somewhere else, right?

00:11:29.220 And we've seen those trends throughout Europe. Now hear me when I say that doesn't mean that you

00:11:34.500 shouldn't love your neighbor. It doesn't mean that you shouldn't live in peace with them because of

00:11:40.100 course you should, but that's just the reality. And so yes, I do think it is odd for a company like

00:11:46.000 American Girl to be promoting this as if it is the same as promoting Christmas or Easter or even

00:11:56.000 Hanukkah. You can see it on their website. They're selling this, the Eid al-Fitr outfit,

00:12:03.280 the Muslim holiday, meaning festival of breaking fast in Arabic comes at the end of Ramadan. And so

00:12:09.720 they explain even the spiritual significance of this. And on the Instagram post, some people ask

00:12:17.200 questions and express some concerns. They said, that's awesome. Can I have a Christian American

00:12:23.500 girl doll with a cross and Bible? I love that. Obviously, I think that there is a little tongue

00:12:30.100 in cheek there. That comment received these kinds of responses. Girl, there's a time and place.

00:12:36.860 White Christians try not to make everything about themselves challenge. That's not the point, 0.93

00:12:40.780 girl. You basically have a holiday like every other month and especially own December, even though

00:12:45.460 there are also Jewish holidays there too. Deal with not having an American girl doll. So you see 0.82

00:12:51.620 just the antipathy towards Christians, especially in favor of Islam. Now, most of these people that

00:12:57.740 have that kind of attitude are progressive themselves. And it is very odd that progressives

00:13:04.780 would support such a regressive belief system that stands against everything that they say they stand

00:13:12.640 for. But we had Pastor Andrew Sedra on this show who grew up in a Muslim-majority country,

00:13:18.780 and he pointed out the truth that the commonality between progressives and Islamic ideologues is a

00:13:25.000 hatred of Christianity. And so, of course, there is going to be a partnership there. So are there 0.53

00:13:32.200 other holidays that American Girl is promoting? Like, are they promoting them all equally? Which I would

00:13:38.680 say they don't have a responsibility to do. They're American Girl, and I don't think that they have to

00:13:45.380 represent every belief system around the world in their dolls. But are they even giving a nod to

00:13:51.060 Christianity and Christian holidays? We'll take a look at that in a second. Let me pause and tell

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00:15:17.320 Okay, so they post on Instagram about all of these different holidays. They did post about Christmas

00:15:28.880 on December 24th. I don't think they ever talked about the significance of what Christmas actually

00:15:35.040 is, but there is like a Christmas post on December 24th saying Merry Christmas. There's a Happy Hanukkah

00:15:43.820 one on December 25th. And then on December 26th, they celebrate Kwanzaa. You guys, Kwanzaa is not

00:15:50.560 an American holiday. It has nothing to do with African Americans, has nothing to do with even

00:15:56.400 African history. It was like something that was completely made up by a weirdo. Bree, do we have 1.00

00:16:02.380 that information about what Kwanzaa is? Yes. So it was created by Molana Karenga. And he was not

00:16:10.820 convicted of murder, but he did have a controversial history. He was convicted of felony assault and

00:16:17.160 false imprisonment in connection with a violent incident involving two women from his organization.

00:16:22.720 Okay, so that's Kwanzaa that American Girl is celebrating here. The fact that anyone is ever 0.95

00:16:29.960 pretending to celebrate Kwanzaa like Kamala Harris is just ridiculous. Okay, then we're celebrating

00:16:34.980 Lunar New Year, January 29th, 2025. Again, like what country is American Girl actually representing 0.99

00:16:42.760 here? We're also celebrating on November 2nd, 2024, Dia de los Muertos, the Day of the Dead,

00:16:49.820 this very like morbid holiday that is celebrated, if you can even call it a holiday, separated or

00:16:55.500 celebrated in Mexico. We've got Diwali being celebrated November 1st, 2024. Okay, I only know what

00:17:02.860 Wally is because of the office. And then, okay, at least we actually have something that is an

00:17:08.480 American holiday. I am totally fine and great with them celebrating Juneteenth. Juneteenth is actually

00:17:14.440 a good thing that happened in the United States. And so I think it's a little bit of, it seems a little

00:17:21.160 bit like obscure, but it's become less obscure over the past few years. And I have no problem with that.

00:17:27.980 We're happy about the ending of slavery and slaves freed. So this is an American holiday that American

00:17:34.080 Girl is representing and celebrating there. And I say that's fine. I just think it's strange that a company

00:17:41.900 that is supposed to be celebrating not only women, but Americanism is trying so hard to celebrate every

00:17:48.440 single holiday, every single celebrated under every single thing celebrated under the sun. So they have this

00:17:55.180 whole cultural celebration subsection of its website. None of the Christmas outfits are for sale.

00:18:02.140 The very last, the very bottom of the page, there is text saying what Christmas is. It's a Christian 1.00

00:18:08.260 holiday that honors the birth of Jesus, but this is not put in any of the collections that are being

00:18:16.380 sold on this cultural celebrations page. The only Christmas-specific items they sell currently,

00:18:23.340 it's a Christmas accessory set, which includes small toys and Christmas cookies, a book titled Molly's

00:18:30.200 Christmas Surprise. Same thing with Easter. If you could even consider this Easter, it's like a bunny

00:18:37.100 and some cookies. Now they do have like St. Lucia Day on their Instagram. It does look like they kind of

00:18:47.700 have an Easter post from 2024. Again, very bunny-centric, which I just think is interesting because for the

00:18:55.100 other religions, the religious symbols are actually put there. Like you've got the Star of David for the

00:19:01.180 Jewish doll. You've got the different Islamic symbols for the holidays that they are celebrating. But at least I 1.00

00:19:08.520 have not seen any crosses, any mangers, any nativities for these Christian holidays. And they certainly 0.50

00:19:18.300 are doing what they can to try to put this to the bottom of their cultural celebrations. Again, it just

00:19:26.760 doesn't surprise me that's what institutions do when they are becoming more liberal. American Girl was 1.00

00:19:37.020 founded by a woman named Pleasant Rowland in 1986. She just wanted to write books and have dolls that 0.99

00:19:46.120 represented different points in American history. And then she sold American Girl to Mattel for $700

00:19:52.580 million, which is wild. And then obviously since it has been owned by Mattel, it has become

00:19:59.080 increasingly progressive. They began to abandon the girl part of their name in 2017. They released its

00:20:06.840 first boy doll, Logan Everett then too. In 2021, AG's Girl of the Year was a doll named Kira Bailey,

00:20:15.940 who wrote about her that she had lesbian aunts. The same year, AG released a street chic collection of

00:20:31.880 dolls with blue and purple hair. Okay. Also in 2021, American Girl introduced the World by Us line,

00:20:39.380 which featured three characters who came with their own social justice cause. You had Yvette Peters, 1.00

00:20:46.120 climate change activist, Haritza Okoa, soccer and immigration, like a soccer player, but an

00:20:54.980 immigration activist telling about her immigration experience. You had McKenna Williams. She was an 0.87

00:21:01.340 anti-racist activist. And then they also had a girl of the year in 2022 that was supposed to be like

00:21:10.260 a figurehead for the stop Asian hate movement. And then of course they had the huge woke controversy

00:21:16.280 of their 2022 edition of a smart girl's guide to body image. We'll get to that in just a second.

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00:22:28.960 slash Allie. So in 2022, they released a new edition of the Smart Girls Guide to Body Amage.

00:22:39.760 And those of you who are my age, you're a millennial. You probably read one of these books

00:22:45.700 about our changing bodies when we were preteens and teens. And of course, it was really sweet and

00:22:51.900 wholesome. But now it has changed and it has introduced gender ideology into books meant for 1.00

00:22:59.700 eight to 12 year old girls. They faced a lot of backlash for this, for pushing children,

00:23:06.860 really not even just as young as eight, but actually as young as three into changing their

00:23:12.080 gender through their popular body image book. The book contains lines that give advice to

00:23:16.820 prepubescent girls on how to change their gender without their parents' knowledge. A passage in the

00:23:24.200 book marketed to girls age between three and 12 advice is this. If you haven't gone through puberty

00:23:29.440 yet, the doctor might offer medicine to delay your body's changes, giving you more time to think

00:23:34.940 about your gender identity. Isn't that insane? Like American Girl is pushing permanent sterility 1.00

00:23:41.780 to children via puberty blockers. It also provides a list of resources for organizations

00:23:49.440 the children can turn to. Quote, if you don't have an adult you trust. Okay, so driving a wedge between

00:23:55.380 parents who love their children, who want what is best for their children, who know their children

00:24:00.900 best and the children themselves in the name of gender ideology, in the name of telling a young

00:24:08.500 girl you might be born in the wrong body. Maybe you should get pumped with testosterone, cut off your 1.00

00:24:14.220 breasts, take out your uterus so you can pretend to be a man. The author of this book will not have to 0.99

00:24:22.880 deal with the distress and deal with the long-term depression and deal with the lifelong physical and

00:24:32.480 emotional repercussions of a child butchering their body because they were introduced to this kind of

00:24:39.220 insanity through her book. It will be the parents that American Girl is suggesting you shouldn't trust 0.98

00:24:45.940 because they're not affirming you who are dealing with that, who suffer through that, who will find their

00:24:52.860 child in the aftermath of a suicide attempt. It will be them going through that tragedy, not the author of

00:25:00.380 this book. This is absolutely reckless. I think this far more than any other cultural thing that I've talked

00:25:06.160 about today is the reason that you need to abandon American Girl. I mean, this is evil, sick, demonic,

00:25:12.680 life-ruining, body-butchering stuff that American Girl, the American Girl of our youth. It's a little 0.72

00:25:20.680 different, but the same company is pushing on young women. I don't want my daughters to stumble upon

00:25:29.180 this kind of ideology, and I just can't support it. I'm not trying to shame you if you've taken your

00:25:36.680 daughters to the American Girl store and you've gotten her an American Girl. I still think 1.00

00:25:42.660 that a lot of the dolls and a lot of the stories are really sweet, but we really like Faith Friends

00:25:48.420 doll. I don't know if you've heard of that company, but it's a Christian alternative, and they actually

00:25:53.800 are unapologetically Christian. And all of the accessories and all of the fun things that come

00:25:59.600 along with the dolls all support a girl's confidence in Christ and biblical values, and I've given these

00:26:06.820 to several people as gifts. It's Faith Friends doll. You can find them on Instagram. But I love the

00:26:12.220 alternatives to this kind of degeneracy and this kind of just compromise that they are popping up and

00:26:19.540 that we have the opportunity to support them. And so I just encourage you to do that. American Girl

00:26:26.320 is different. And by the way, this is Mattel. This is what Mattel is doing now. I just posted the other

00:26:32.840 day on Instagram my Barbies and how much I loved playing with my Barbies growing up. But I will say,

00:26:38.460 Mattel was obviously kind of sketchy back then. I was a lot more interested in my Barbies from the

00:26:47.160 time I was eight than my daughters were. I was like, all these memories were coming back. But some

00:26:51.260 of their clothes, it's crazy how skimpy these outfits were for Barbies that six-year-olds are

00:26:58.860 meant to play with. Like, no business. And why did I have a Baywatch Barbie? Like, why? A lot of you

00:27:04.720 reminded me that they came with this little dolphin that made a noise. And now I remember that. Now I

00:27:11.880 remember that. But Mattel has kind of, I don't want to say they've always been sketchy, but they've been

00:27:16.420 sketchy for a while. Like a lot of these corporations, they are also bound to these ESG metrics that

00:27:23.340 incentivize them to be more progressive, including when it comes to gender. And somehow, in a very

00:27:30.040 contradictory way, that includes the promotion of Islam. And that is, again, that's not a neutral 0.99

00:27:37.360 ideology or a neutral idea that a company like American Girl needs to be promoting. I'm interested

00:27:44.300 what you think about all of that. Maybe you disagree on some of it. And I'm willing to hear your feedback,

00:27:50.740 but I'm telling you in general, like, this is not a good direction. And again, the commonality

00:27:55.460 among a lot of these groups that seem to be totally disparate when it comes to their values

00:28:00.580 is just a hatred for Christianity and a hatred for Christians. And we can expect the secular world 1.00

00:28:07.580 to love Jesus and to understand and promote Christianity. But what we can do is we can support

00:28:13.980 companies who do, who get it. That's part of what sharing the arrows is, is believers.

00:28:19.480 All right, let's get into this conversation with my dad about tariffs in the economy. If you're

00:28:24.500 worried, I understand that. Or if you're like me and you're like, this is a little over my head and

00:28:30.480 I'm just kind of hoping and trusting that things are going to be okay, but I really want to understand

00:28:35.560 it. We don't want to be ignorant of it. We don't want to just say, la-di-da, politics matter, 0.94

00:28:40.680 policy matters, people matter, and this policy affects people. And so we should do our best to

00:28:46.520 try to understand what's going on and to make really wise decisions that are controlled by the Holy 1.00

00:28:52.200 Spirit and by wisdom and not by headlines and not by the stock market. And so my dad and his trademark

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00:30:28.760 Dad, thanks so much for joining us again. Okay, people are freaking out about tariffs, this tariff

00:30:41.560 war. Let me give the most recent updates and then we'll get you to walk us back from the ledge. So

00:30:48.040 after China threatened to impose an additional 34% tariff on American goods, Trump added an additional

00:30:54.200 50% to their existing tariffs, bringing the total tariff against China to 104%. That's 10% universal, 0.86

00:31:03.520 34% reciprocal, 50% additional. Effective midnight, April 9th, China retaliated with an 84% tariff

00:31:12.080 on U.S. goods up from the earlier 34%. The EU is also expected to vote on countermeasures against U.S.

00:31:20.800 imports today after Trump rejected their zero for zero offer earlier this week. People who are against

00:31:29.160 this tariff war are saying this is going to raise prices in the U.S. astronomically, it is going to hurt

00:31:35.860 the economy and it is going to hurt Trump's agenda and everything is ruined. What are your thoughts?

00:31:44.420 Well, first of all, let's talk about what people should be doing now and really they shouldn't

00:31:51.700 be doing much. I think I've said this before on the show, Allie, and that is if you have money that

00:32:00.020 you need to use within the next 12 months, that money should never be in the stock market.

00:32:06.200 A stock market is a long-term play and you shouldn't do anything related to the stock market

00:32:13.200 right now. I would not be selling. I haven't been selling and I don't know that I'd be buying yet

00:32:18.200 because what I like to do and I'm willing to give up not buying at the absolute bottom. So you'll give

00:32:23.800 up a little bit of the uptick. I want to see the market kind of start going back up for a few days

00:32:29.220 before I would get back, you know, engaged if I had some cash laying around. But if you're already

00:32:35.940 in the market, if you're already in, you got that within your 401ks, do not change that. Now, in the

00:32:41.420 future, again, remember, if you've got money that you know you're going to need to access within the

00:32:46.780 next 12 months at a minimum, do not put that money in the stock market. Put it in a short-term CD or the

00:32:52.680 money market, something where there's virtually no risk involved. Now, as we go on to the tariff

00:32:58.220 scenario, and I'm glad you brought up China right off the bat because that's really the big 1.00

00:33:03.020 elephant in the room, so to speak, meaning that, you know, I heard it explained the best actually

00:33:09.560 by President Trump. A lot of people think he hasn't done a good job explaining and understand

00:33:14.200 what people may feel that way. But remember, if they were charging us 34% tariffs on everything that

00:33:21.860 we sent over there, all right, all the goods that we sent over there, then that means

00:33:28.060 that that revenue went directly to their government. And their government doesn't have

00:33:34.600 anything that would be positive for us, help build up their military, help continue their

00:33:43.600 cyber wars against us. So, and I think somebody quoted that, that was hundreds of millions of

00:33:49.900 dollars a year. And so I think what he's trying to do with the other countries, if he can get good

00:33:57.280 deals with the other countries, which I know that he will, then I think he's trying to box out China 0.97

00:34:02.800 a little bit. And that would be okay, too. I think China is different than the rest of the world, 0.92

00:34:08.700 pretty much. You know, you might include Russia and Iran and North Korea in that same group. But

00:34:14.100 I think it's pretty different than the rest of the world. As far as the rest of the world's

00:34:17.920 concerned, these deals are going to come to play. I wouldn't spend a lot of time worrying about them.

00:34:22.940 Over 70 countries have already called and said, hey, let's see what we can do. And I do think,

00:34:29.420 and I agree with Elon Musk, that if we can get a zero for zero trade deal with the European Union,

00:34:35.440 that's what we ought to do. Now, there's more to it than tariffs, though, Allie. There's also

00:34:39.740 barriers. Sometimes it's not just them putting a tariff on our goods. It's just not letting us sell

00:34:45.740 any particular, a particular good in their country, no matter what, right? Whether that be,

00:34:52.420 you know, whether it's timber or something like that, they have an absolute ban on even not even

00:35:00.840 not worried about the tariff. They just don't even let us sell it. Some countries don't. So,

00:35:04.420 but I think all this is going to get worked out. I think you'll see some significant improvement by the

00:35:10.280 summertime. And by the end of the year, I think it will have all been something that we certainly

00:35:17.860 were concerned about. It's OK to be concerned. But taking rash action is exactly the wrong thing

00:35:23.620 to do. Our economy is still very, very strong. All right. People that want to work can work.

00:35:29.600 People that want a good wage can get a good wage. Things are a little bit more expensive. We're still

00:35:34.420 unwinding from the Biden four years of hyperinflation. And it's just going to take a while to get

00:35:40.140 that done. Yes. And just to bring it back to the basics, and you've explained what a tariff is,

00:35:47.000 but for people who are like, OK, I'm overwhelmed by all of this vocabulary. As a reminder, a tariff

00:35:53.300 is a tax that we pay when we import a good abroad. So if we are trying to, or export rather, if we are

00:36:02.200 trying to export, say it's maple syrup to Canada, Canada would say, OK, we're going to put a 50% tariff

00:36:09.300 on that so that we have to pay that tax. And our product being sold in Canada is more expensive

00:36:16.820 than the local maple syrup that they are selling. And that is a way to protect their local economy

00:36:23.980 and protect the products that are being made domestically. And so all of these countries have

00:36:30.840 tariffs on our products. We have tariffs. Tariffs have always existed. But the problem that President

00:36:36.180 Trump has zeroed in on is that we are paying a lot more, that it's not proportionate and that it is

00:36:43.780 not reciprocal, right? Especially with China. Our average tariffs are like two and a half percent.

00:36:50.900 Right. So with China, as you said, it's not fair because they are competing to be the world's 1.00

00:36:59.700 superpower. They are nefarious. They're stealing our technology. And Kevin Leary from Shark. Is it

00:37:06.560 Leary? O'Leary from Shark Tank? He said on CNN, oh, I don't think it should be just 100%. I think it

00:37:12.620 should be 400% with how bad China is. Here that is. It's 13. 104% tariffs in China are not enough.

00:37:20.260 I'm advocating 400%. I do business in China. They don't play by the rules. They've been in the WTO for

00:37:26.880 decades. They have never abided by any of the rules they agreed to when they came in for decades.

00:37:32.220 They cheat. They steal. They steal IP. I can't litigate in their courts. They take product,

00:37:37.480 technology. They steal it. They manufacture it and sell it back here. Never has an administration...

00:37:44.360 Can Americans understand 400% tariffs? What would that look like?

00:37:46.880 Chi on an airplane to Washington to level the playing field.

00:37:52.560 Okay. What are your thoughts on that?

00:37:53.920 I think he's exactly right. Now, I think 400% is just hyperbole.

00:37:58.900 Yeah.

00:37:59.460 So I'm not really that concerned about that. But I think the point is, is that, you know,

00:38:05.720 this is a, in a sense, this is a war. And we have to realize that if the enemy is fighting with

00:38:13.300 those types of weapons, we're going to have to do the same thing or something similar to get them to

00:38:18.240 the table to quit the fighting. And China never pays attention to any of the rules, just like 1.00

00:38:24.860 Kevin said. And we're going to have, you know, so therefore we have to be kind of a bully. And I

00:38:30.500 think that President Trump is doing that. The other thing to consider, Ali, is that I was listening to,

00:38:36.020 I was on the phone yesterday with Heritage Foundation people that have an economist in this

00:38:41.960 area. And he was saying that there's $600 billion of revenue that US businesses don't get because of

00:38:53.040 the tariffs and trade barriers that other countries put on us. So just to think about that,

00:38:57.780 $600 billion of revenue that could be in the US economy, not from taxes, but just because we can't

00:39:06.480 export all that we would like to export to other countries. And then the other thing is, Ali,

00:39:13.940 and this is a little bit maybe complicated, and we may have to come back on another time and go over

00:39:19.660 it again. But we have an income tax, we have a federal income tax, we do not have a federal sales tax,

00:39:26.980 almost all the other countries in the world have what's called a VAT tax, a volume added tax,

00:39:33.460 which you and I would think about that as a sales tax, okay? And those are federal taxes. So that when

00:39:40.200 somebody buys a US product abroad, their government gets revenue, the federal government of the UK gets

00:39:51.480 revenue from that. So like it used to be 17%. I don't know if it's still the same.

00:39:56.140 All right. When we in the US buy a product from say the UK, our federal government doesn't get any

00:40:05.100 revenue from that. So it's a little, and that's not anybody's fault. That's just the way the system

00:40:10.520 works. So it's a little bit of a paradoxical, in a sense, playing field there. And when you try to

00:40:19.960 calculate what's fair in this, you have to consider that as well as we're definitely funding the federal

00:40:26.880 governments of many countries to a large extent, and including the countries that don't want to

00:40:32.660 increase their defense spending up to what levels it should be. While there's nothing that we purchase

00:40:39.460 as citizens of the US from other countries that aid in reducing our deficit, or increasing our federal

00:40:48.720 coffers.

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00:42:21.880 You got a lot of people saying that this is simply not conservative, that it's not going to work.

00:42:26.780 Obviously, it's going to, or the companies are saying it's going to raise the prices on some

00:42:31.240 products, because if these companies have to pay more to export their stuff in order to compensate

00:42:36.740 for that, they are going to raise the price, right, of their goods and their services that

00:42:42.180 they're offering. So people say tariffs are actually a tax that we pay and spending more money on these

00:42:48.480 products. So some people are saying that's a bad thing. It's also not conservative, and this should

00:42:53.980 go through Congress. And then other people are saying it's short-term pain for the ultimate good.

00:42:59.560 Trump is telling those companies, hey, if you don't want to pay those tariffs, then you should

00:43:04.240 bring your manufacturing to the United States rather than to China or to Vietnam or to Thailand,

00:43:10.080 where they are now. So what is your take on that debate?

00:43:14.500 Well, first of all, tariffs are legal. So Congress has already said tariffs are okay. Now, if they want

00:43:20.080 to change it, they can do that. But it rests where it rests with the executive, you know, with the

00:43:27.160 executive department. The idea about it not being conservative, I disagree with that. And what the

00:43:34.280 reason I do is because fairness is always conservative. And President Trump is not saying,

00:43:41.100 hey, you charge us 2%, so we're going to charge you 20%. That's not what he's saying. Now, he might put

00:43:46.960 that out there initially to get people to the bargaining table. But what we're looking for is kind

00:43:53.820 of tit for tat, that 2% versus 2%, 10% versus 10%. And I think that's where we'll get to. Hopefully,

00:44:00.300 we'll get to zero in a lot of them. And I would tend to agree with him. And some of this is, you know,

00:44:06.540 what happened when we put together NAFTA. And a lot of the jobs went to Mexico and to Canada. And we have

00:44:14.800 to, you know, rein that back in so that some of those jobs can come home. It won't be all of them.

00:44:19.740 But some of those jobs need to come back home. And companies, I believe, will realize that.

00:44:25.960 Yeah. President Trump, like you said, he is exercising his authority under the International

00:44:30.940 Emergency Economic Powers Act of 1977. He's declaring this a national emergency or economic

00:44:38.060 situation. And he's imposing these tariffs under the IEPA in order to address the, quote,

00:44:44.980 national emergency posed by the large and persistent trade deficit that is driven by the absence of

00:44:50.100 reciprocity in our trade relationships. The explanation for that is what you've already

00:44:54.000 given, that we are funding federal governments that not only don't have our interest in mind,

00:44:59.020 but are actually trying to compete against us in very nefarious ways, especially China, 0.86

00:45:03.980 which is why they are taking some of the worst tariffs. You've got Prime Minister of Israel,

00:45:08.800 Netanyahu. He met with Trump on Monday, pledged to eliminate Israel's trade deficit with the United

00:45:15.480 States after the administration imposed 17% tariffs on Israeli goods last week. The European

00:45:23.160 Commission President Ursula von der Leyen said the European Union is ready to negotiate with President

00:45:29.060 Donald Trump over tariffs, offering the zero for zero tariffs on industrial goods. He, I guess,

00:45:34.640 rejected that deal. He didn't think it was a good deal. But it does seem to be at least

00:45:38.780 right now. It looks like it's kind of working that these leaders are saying, yeah, OK, we'll do what

00:45:45.140 you want. Yeah, and I agree. And the stock market overreacts, right? Yeah. I mean, there's nothing

00:45:51.240 that's happened to an individual company in the last week, OK, relating to what, you know, they haven't

00:45:59.300 lost a bunch of revenue or business or anything like that. The stock market overreacts on the good and

00:46:07.180 the bad. And that's what's happened. It's overreacted. You have people in the market that

00:46:12.020 what they call short sellers, they want to bet the markets going down. And so they essentially in ways

00:46:19.200 which I don't agree with, don't think it should even be legal, but it is essentially can force the

00:46:25.360 market down. Some of these big traders, especially in this high frequency trading, which is where they're

00:46:31.300 trading, literally making thousands and thousands of trades every second. And that's what ends up

00:46:39.160 making these big swings in the market. And that's why you have to, if you're going to be in the market,

00:46:44.060 you have to be in it for the long term. And it will almost always perform well for you over a long

00:46:51.140 term period. So I would just tell you, people, don't panic. I don't see it increasing prices at home on the

00:46:56.180 things that you and I buy every day. You don't think? Very much. Because that's something that

00:47:00.120 we're hearing a lot. Maybe a little bit temporarily, but not in the long term. I believe it's just going

00:47:04.600 to be fine. There will be some more bumpy roads. I think they can communicate a little bit better

00:47:09.180 than what they have. Maybe get somebody else other than the president communicating about it in a little

00:47:14.960 bit better way. But I'm confident. Listen, what people need to understand too, Allie, and I know

00:47:20.880 we're probably running out of time, but people need to understand that we are witnessing a potential

00:47:28.660 transformational change in our federal government. And I think change is, for the most part, for the

00:47:35.820 good. And it's not easy to overcome what essentially has been, since the Civil War, a pretty center-left

00:47:46.280 ruling as far as it goes on taxes and spending and our dealings with other countries. And so

00:47:53.260 I believe that this is something that we're witnessing that I think in the long term will

00:47:59.580 benefit your kids, my grandkids, and their kids and kids of theirs for generations to come.

00:48:06.720 So when we hear short-term pain, that's a phrase that I keep hearing. It's short-term pain. I've even

00:48:12.560 seen some commentators say, oh, if you feel like you can't buy that new device, it's fine. Don't look

00:48:18.520 at your 401ks right now. It'll all be okay. Like, how short-term are we talking? When do you think

00:48:26.280 people are going to start to see, okay, that worked and I'm feeling the benefits of this trade war?

00:48:33.100 Well, I think the benefits will be that the market stops going down, obviously, from a stock market

00:48:40.720 standpoint, which I think that'll be very soon. And then as far as the benefits that they'll see

00:48:49.080 individually, like when they go to the grocery store or go shopping, which is, I guess, what we're

00:48:53.740 talking about, is I think that'll be gradual over time. I don't think it will. But here's what I don't

00:48:59.920 think. I don't think you're going to see a radical increase in prices, right? I just do not see that

00:49:05.180 happening. It hasn't happened yet. Maybe if there's a big ticket item or something that you're looking

00:49:09.720 at, you know, if you're looking to buy a new Rolex until they get it worked out with Switzerland or

00:49:13.960 whomever it is that's selling those these days, you know, where they have a 25% tariff now, maybe you

00:49:19.620 should wait on that. But as far as grocery store items and things like that, I don't see there being a

00:49:25.220 big change in those. I mean, I could be wrong on that, but I just don't see it.

00:49:29.920 Interest rates. A lot of people are thinking about, you know, they've asked me,

00:49:36.220 what is a good time to buy a house? And I don't know the answer to that, but I want to know if you

00:49:41.760 do. Well, the interest rate, what happened, Allie, it's not y'all's fault. Your generation and the

00:49:49.260 generations behind you is that you were exposed to historically low interest rates where you could

00:49:57.300 buy a house with a 3% mortgage, right? The interest rate, which is crazy. The average mortgage

00:50:03.660 over the last century or so has been about 6% interest rate. So we're not far from it. I would

00:50:11.300 like to see it get down to 5%. I do not see it getting back down to 2% and 3%. I actually think

00:50:16.940 that was not great for the economy. It allowed people to buy houses that they really couldn't

00:50:22.280 afford. And some of those were on these adjustable rate mortgages that have now are getting ready to

00:50:27.760 bump up to 5%, 6% and they're going to be in a world of trouble. I would never buy an adjustable

00:50:33.100 rate mortgage. I would only buy fixed mortgage and I would try to do it on 15 years if you can.

00:50:39.300 And anywhere, I think anywhere in the 5% range, whether it's 4, 7, 5 or 5 and a half, I think you're

00:50:46.320 fine. You're fine on that. Now, the challenge we have in the U.S., in most parts of the U.S., we have,

00:50:51.460 we still have a housing shortage. So that makes prices higher just because we have a housing

00:50:57.060 shortage. We're having a hard time keeping up with especially single family homes. And in the

00:51:05.220 fast growing places, that's going to make prices be a little bit higher. But I don't think that

00:51:11.000 you're going to see a big fall off the cliff of interest rates right now. I do think they'll come

00:51:17.040 down some. And I don't think housing prices are going to just fall out of the bottom. So if you're

00:51:24.120 looking at buying a house and you can afford it and you've got a reasonable interest rate,

00:51:28.680 what I've mentioned before, then again, houses should be long-term purchases if possible.

00:51:34.860 Here's what I would love the government to crack down on too, because all of this also intersects with

00:51:40.120 the immigration debate and H-1Bs and all of that. And we both agree there's a level of immigration,

00:51:47.060 good immigrants that can be good, but there's a lot of reform that's needed, especially with 0.99

00:51:52.640 overstaying visas and illegal immigration. But something that happens is that many of these

00:51:58.060 immigrants who are coming in on H-1Bs or they're coming in from poorer countries, they will 1.00

00:52:04.420 infiltrate a neighborhood and they will have multiple generations living in one house who are 0.94

00:52:12.680 all income earners. And the typical American family who is trying to live on one income,

00:52:19.480 the mom and the dad with the two kids, cannot compete against the offers that are being made

00:52:25.300 on these houses. And typically what happens is that it actually ends up being this kind of chain

00:52:30.520 effect, this domino effect. I mean, people know they'll go into a neighborhood and it's people

00:52:35.980 from all one country or all one ethnicity who are living in these multi-generational homes,

00:52:42.080 and that changes the market. And that makes it very hard for the normal young couple to be able to

00:52:48.000 afford a house. And these are supposed to be single family homes. So I would like to see a crackdown

00:52:53.700 on that kind of thing. I think, I mean, I'm not an economist. It seems to me common sense that that

00:52:59.800 would help the housing market. So immigration, the economy, the price changes of these houses,

00:53:05.140 it seems to all kind of intersect. And I just hope that the Trump administration is looking at all of

00:53:09.940 it. Well, you know, I don't, you and I may not be totally in sync on this. I mean, if, if someone's

00:53:17.980 here legally and they want to have their parents live with them or whatever the scenario is, I mean,

00:53:25.700 that's just, I mean, that that's their freedom to do that. And I agree, it does change the dynamics,

00:53:32.660 especially have, you know, multiple earners in the household. It can make, they'd be willing to pay 0.97

00:53:38.120 more because you got, you know, more than one family living in there. I'm not so sure what you

00:53:43.220 can do about that though. I'm not, you know, I think we'd have a hard press saying, okay, there's a

00:53:49.340 maximum number of five people that can live in this home. Now, maybe there is a top number there that

00:53:54.160 you could crack down on, but that's an interesting dynamic, Ali. I don't really know the solution to 0.95

00:54:01.940 that one, but I do understand the concern and the effects are real. You're, you're not missing that

00:54:06.640 at all. It's just that that's a little bit more complicated when you are talking about people's

00:54:12.900 liberty and their freedom on their own property. Well, if we have less immigration overall, then that 0.94

00:54:19.320 will solve at least one part of the problem. Maybe that's not where, maybe we don't. One reason our

00:54:24.120 society, I will agree with Chuck Schumer on one thing. We just don't tell anybody. Okay. Everybody,

00:54:30.160 let's keep this a secret. And that is our population is not growing fast enough. We need more babies.

00:54:37.100 I mean, that's part of the problem that we have is we need, we need families to, you know, have more

00:54:42.860 than, you know, one or two children. They need to have, you know, at least three children so that

00:54:48.620 you've replaced yourself and added to it. And, you know, I think we're seeing some of that, but

00:54:54.080 that's still, it's still our average birth rate is certainly down. Yeah. And that's a whole big

00:55:00.520 cultural, spiritual problem that we got. We got issues. We got issues, but you're here to tell us

00:55:05.220 that it's going to be okay. It's going to be okay. It's going to be good. Okay. Well, thank you so

00:55:10.940 much, dad. I really appreciate it. You always calm us down and tell us what's really going on.

00:55:16.580 Next time we'll have you back in the studio and we'll have a longer conversation about

00:55:21.420 everything, but thanks so much. Okay. All right. Take care. Bye.

00:55:26.100 All right. I hope you enjoyed that conversation with my dad. I hope that made you feel better.

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00:55:58.780 the commentary in it is truly unique and original. It's going to make you think it's going to make

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00:56:28.320 here tomorrow.

Relatable with Allie Beth Stuckey - April 09, 2025

Ep 1169 ｜ You Need to Calm Down (About Tariffs) ｜ Guest： Ron Simmons

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