Bill Handel is BACK! | Trump Sticks with Tariff Plan

let me put it this way. March twentieth was the evening of my marriage, and I would say, right now, it's already starting to fall apart. It's happening a lot sooner than I anticipated. But Neil was there as my best man, and Neil got very sick man. We're the best this man and originally and I wanted to do a lot of shtick. Neil and I are the stickmeisters.

By the way, for those of you that would like to see a little bit of what it was about, you can go to my Instagram page at Bill Handles Show and there's a little short video and there are some photos, and then I think there's a link to Lindsay's page Lindsay Soprano, and that's the wife. And she has put a whole bunch of photos and videos. I mean, she's really into this social media stuff, has been for a lot of years. So she is one of you folks. Am I into? So I'm not in a social anything.

say the least. As I said earlier, when we were traveling through Italy, and people inevitably ask when they hear people speaking, where are you from? You know, hey, what part of the United States are you from? Or where do you come from? Inevitably I would say Los Angeles area or California. She would always start with, start with I didn't vote for him, that's simple, and then the conversation would split off about life in Italy and how great the pizzas are, and they are, I mean the

food they're smoked. Yeah, they know, they know how to make well, they make really good Italian food, and it just it's insane.

got married right outside of Verona in a castle. I mean, if you can imagine.

pretty neat. Northern Italian food, that is Rome North is really good and that's the wealthiest part of Italy. Anyway, the more south you go, the poorer the roads are, or the poorer the economy is. So I'm a big fan of Sicilian food either. It's just not the same as Northern Italy. Okay, doubles, I.

going to see it bounce all over the place. But what I want to do is talk a little bit about short term, long term in terms of what is going on with these tariffs in the world economy and a little bit of history, and I think there is an analogy that should be made, or it has to

be a couple of presidencies have to be compared. First of all, for those of you that hate Donald Trump and you hate what's going on economically, this is not a case of Donald Trump waking up one morning and saying, Okay, what can I do to really destroy the world markets here and wipe out the economies of entire countries, entire hemispheres. No, it's what he believes. And by the way, he's not off is that there is no basic fairness going on. And the reason he's kicking in all these tariffs is

real simple. They tear if us, We're going to teariff them. American products are not seen in many parts of the world. Why because many parts of the world put up tariffs. I just got back from Europe. How many American cars that I see? Not many, that's for sure. It was all European cars or Japanese cars all over the place. No American cars. You won't go to China and find them American car You won't go to Japan and find American cars. Why because they make it difficult to bring

in American cars. They tariff the hell out of them. Someone wants an American car, let's say South America. Guess what you pay. That person has to pay a whole lot more money for it because of the duties, the teriffs. And so what Donald Trump wants to do is just make it fair, that's all. And he is asking for reciprocity. Real simple. You charge us twenty four percent for that product, will charge you twenty four percent for this other product.

It's that simple. Now people think that tariffs twenty four percent across the board. You know that tariffs on are on items. If you actually look at the tariff laws of the United States, when you look at the list of tariff that industries tariff products, there are hundreds of thousands. For example, let's talk about jewelry overseas. You bring in a piece of jewelry a ring, that's one tariff. Now you bring in a stone and a separate setting, that's

another tariff. It's a different thing. Same thing with car parts, same thing with everything that's brought in, different kinds of terrorists, different duties. And what Trump is saying, we're gonna make it just even Stephen or even Donald and long term, that makes sense because look what he's saying. He is saying, because our products are sold over there and their products are not sold here. What tends to happen as Americans are buying foreign products, which means American workers are not

being employed, factories are not being built. And historically he is absolutely right. Look at the factories along the Mexican border, the car manufacturing factories and the assembly factories, the assembly plants just south of the border, Tijuana and beyond the Machiadores, I think is what they call him. Where the worker gets three dollars an hour or two dollars an hour

with none of the benefits. You move that same factory north of the border a mile away, and all of a sudden, you're paying thirty four dollars an hour for a manufacturing worker a car assembly worker, plus benefits, plus union dues that they have to put into I mean, and you've got pensions. All of that doesn't exist in Mexico. So it makes a lot of sense. That's why all those factories there. And Trump is saying, wait a minute,

that means that American workers, American factories are not being built. Here, and he's right. However, this is a case of not only throwing out the bath water with the baby or the baby with the bathwater, but throwing out the tub, the bathroom, the house, the neighborhood. And it's going through well, this is typical trump esque, and that is you go through this like a lawnmower goes through a backyard full of grass, if it is one of those sit down mowers.

What a horrible analogy. It's like a hot knife through butter. That's better, I know, Neil, don't give you that look. Yes, that's terrible analogy. But it's happening so rapidly, so overwhelmingly, where even the government is going, Okay, we made a mistake. Oh my god, we fired everybody. Well, that's the other thing. Not only is it a terriff issue, it's also cutting the expenses of the government, and doing that by letting go of hundreds of thousands of federal employees and unraveling

entire agencies. Department of Education disappearing, for example. It's on its way to just not existing anymore, FEMA not existing anymore. Now, that doesn't mean that the services aren't going to be provided. There'll be another agencies with the philosophy is cut cut cut, cut, cut, and the philosophy is let's be more fair, fair, fair, fair fair, and in the end the American work will do better, factories will be built, all of that. That's if it pans out. Okay, fair enough. Here's the problem.

If it pans out, that's years in the making, assuming that President Trump is right, years in the making. So what happens tonight, Oh, I don't know. A pair of a tariff kicks in tonight, midnight Wednesday, another major era, a tariff kicks in. Well, how about this, A tiff can kick in on midnight on Wednesday, announce the factory being built midnight on Wednesday and have it opened up three minutes later. Doesn't quite work that way. So this is very long term, and we've gone from day one.

Remember the day one promises the economy is going to be better, the costs will costs for everything will come down, Inflation will come down, although inflation was just fine when he took office. But that's beside the point. I mean a lot of day one stuff has not happened. This is certainly not day one. I'm looking at the market as we speak, watching CNN and Fox, etc. And the numbers are bouncing two thousand points one way or the other.

The volatility is insane. First of all, there are rumors that the tariffs are going to end, or that Trump is negotiating right now with countries. Well based on that, the market goes one way. When those rumors say, nah, that's not true, it goes the other way. And the White House has said that there are fifty countries now that are negotiating with the United States regarding to regarding tariffs.

I don't know how much of that is true. And tariffs are a whole world down to themselves, depending on which markets, depending on what industries, what is manufactured, what the business is. For example, range Rover has just stopped thirty days. They're done. They're not importing in the United States.

The problem is you have these countries where the American market is so important to them, where such a huge amount of sales are made in America that the threat of tariffs which effectively stops for example, Okay, champagne, right. I don't know what the percentage is of the market the United States buys and champagne, but it's huge. And all said, if the tariffs go up fifty percent, that's a big problem, and sales drop dramatically, And all of a sudden you have people that are affected here in

that industry are getting nailed. People in the housing industry because tariffs on lumber coming in from Canada. Well, if they're paying that much more for wood, then builders are in a lot of trouble because they just now have to pay twice as much or fifty percent more for wood.

So what's happening here? And I want to share this And as I said earlier, Trump long term, I mean, I think his motivations are pretty clear, and that is he wants manufacturing me to the United States, He wants workers to be employed, and he is willing to turn the US on its ear Now has this happened before with a president literally taking the United States and moving

in an entirely different direction. You bet. Franklin Roosevelt. Franklin Roosevelt invented social security, invented the SEC, invented financial controls on banks, the FDIC, turned America completely into governmental intervention and the safety net. But here is the turn America around before that didn't exist. Now, all of a sudden,

we have quote a socialized government. As a matter of fact, for those people that think that socialism is here, it all started with Franklin Roosevelt at the turn of the Great Depression. But here is the difference. Franklin Roosevelt inherited the depression, and he was reacting to America starving. The Civilian Conservation Corps, for example, where we have all kinds of project. If you go to the San Frano Valley, you see this Pulvid dam. That's a Civilian Conservation Corps

works progress administration just to keep Americans working. That was all about, you know, the Roosevelt administration hired actors and writers and Shakespearean actors go around the country and give speeches anything to pay people. And whether you like it or not, millions of people did not starve to death because of that. So that was reactive. What President Trump is doing is proactive. He didn't inherit an economy that was falling on its ass. He may say he did.

Inflation was out of control. By the time he took office, inflation was under control. Was it nine percent? Yeah? It was horrible and then it dropped and right now it's in pretty good shape. By the way, He also inherited an economy where there was full employment, where businesses were making tremendous amounts of money. Wages in fact, not only were stable, but going up. Now, comparing the economy under Biden to Trump's first administration, the Trump administration first one

out was brilliant. But I'll tell you what the best economic administration we've ever had. For those of you fiscal conservatives, Bill Clinton, his administration those eight years were the best the United States ever had. That was one of the few times where the government was actually not only was the budget balanced, but it was actually paying off its debt. Now today we're running into two trillion dollar deficits, two

trillion dollars per year deficits. Can you imagine during Clinton years it was zero At least one year it was zero. Last time it happened before that was Dwight Eisenhower in the fifties. So what you have here is President Trump, I think, taking a huge chance. Now smaller countries are

going to have no choice but to negotiate. There's no question Israel has just been tagged with seventeen percent of terrorists for all the goods sold in the United States from Israel and nat Now who is in town, and he's basically going to negotiate to give us a break, please, And countries that don't have a lot of economic umph are going to be forced to negotiate. And this is

where Trump may be absolutely right. He goes, I play hardball and you come to the table countries like China, and they're saying no, and they're willing to come to the battle. They're willing to come to the war. And here's the difference. They don't care their economy may suffer. And by the way, under these tariffs, the economies of other countries suffer more than we do. We're too big a market, will I mean, we're going to suffer, but not like them. China doesn't care. China saying, okay, we'll

play tit for tat. I don't know how do you say that in Chinese? I don't even know. Can you look that up? Tit for tat? And no one's looking it up in any case. China is they're gonna go to war with us. She's laughing. Uh, you got other countries that are not prepared to go to war with us, especially the countries that don't have the same economic power. And we don't know what's going to happen at this point,

we don't know. I'll tell you what is probably going to happen, And Jerome Powell of the Fed said this, Probably there's going to be a recession. Certainly inflation is going to go up at least I think it's one hundercent. I think he's giving it less of a chance than that. And we're gonna be in an economic era of turmoil. President Trump has gone from day one beautiful, terrific, it'll be the best times, you're the economy will explode day

one to now. Okay, it's gonna hurt a little bit, but it's gonna be for a very very short time, and it's gonna be just a little bit of a bump. Well, the stock market going down what six thousand points, seven thousand points in less than a week, that's not a little tiny bump. And we'll see what happens today. So we're gonna be looking at a lot of this right the second. The market is down according to BBC eight

hundred and nine points. It opened it down fourteen hundred, went to sixteen hundred dollars south and then went at one point to five hundred dollars plus or five hundred points plus, and now it's down seven hundred and fifty. So you talk about volatility. Man, we are in for a ride like you cannot believe. As I have said, all right, we're done with that. Let's do this. Let's go to old people, as in who's old. Well, a lot of people are, but let's talk about people in

public life. Year old. Former presidents are old. You've got Supreme Court justices old. It used to be sixty five is the age for retirement, by the way, that's been out of that MS makes no sense now for fifty years. But that was based on the fact that you'd retire at sixty five and you die a year later. And that's what So Scary is based on. That's why So Scared is going broke, because we're all getting old and living. Now, tell you use who's old. Members of Congress really old.

Nancy Pelosi is eighty five years old, still a congresswoman, although she gave up her seat as speaker for quote the new generation. Well, the points what's happening is this is in the Democratic Party, is that all of a sudden you have both Senators and congress people who are seventy eighty years old, and you have a younger generation. Is going enough of that? We're done. I think a lot of it has to do with the Democrats that got nailed by the Donald Trump win and missed the

boat completely, and a lot of younger people. You know. For example, there's a Democrat in San Francisco, psychot chak Rabat Barti I think is his name, and he's challenging Pelosi. He's thirty nine years old. Software engineer ran Ocasio Cortes's upset primary in New York in twenty eighteen, and he says, look at all the Democratic Party, look at everybody. They're all old as dirt. And he said, what people are looking for are fighters. And he really got into it

with House Democrats, with the confrontational tactics. He was okay, so Cartes's chief of staff, Cortez's chief of staff in twenty nineteen. And he's just one of several a matter of fact, more and more coming aboard to jump into politics and say, hey, you know what, it is time for millennials, It is time for a younger generation. It is time for us to stir things up. Usually when you look at Republicans they want the status quo. Well,

look who the Republicans have now. Donald Trump is president, the man who is the least status quo president we have had probably in one hundred years. And the Democrats are taking a lesson here saying, this is why I think what we want we don't want old school. What we want is a new way of looking at it. Brad Sherman, who is seventy is now has a campaign going against them. And this is a San Frano Valley

Brad Sherman or West La Brad Sherman. So after November, after these huge losses, the Democrats are going crazy and saying, well, they're going crazy in the sense that they now realize that the age issue is really important. And then I ask you, do you think that Joe Biden has anything to do with the issue of age? What was it? I actually heard Joe Biden, and this is right after the election. He was being interviewed, and he actually said

I could have one against Donald Trump. He actually said that I could have won if they had let me stay in. So imagine this. He had all of the problems that Joe Biden had. This is Joe Biden because remember that Trump won the election by attacking the Joe Biden the entire scenario, including his age, and Joe Biden said, I could have won, including my problems with my age. That is the argument that these young Democrats who are now politicos are having, and they're saying, you know, we're

we the Democratic Party. You're out of touch. Couldn't agree more, could not agree more. Now, the unfortunate part for a lot of people is that these young Democrats are pretty out there on the left. I mean, anybody dealing with Alexandro Occio Cortez. You know that's about as left wing as you're going to get. All Right, we're done, guys, this is KFI AM sixty. You've been listening to the

Bill Handle Show. Catch my show Monday through Friday, six am to nine am, and anytime on demand on the iHeartRadio app.