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The John Batchelor Show

#SmallBusinessAmerica: The approaching storm of tariffs. @GeneMarks @Guardian @PhillyInquirer

The John Batchelor Show

John Batchelor

Arts, News, Society & Culture, Books

4.52.8K Ratings

🗓️ 23 November 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

#SmallBusinessAmerica: The approaching storm of tariffs. @GeneMarks  @Guardian @PhillyInquirer

1880s New Orleans

Transcript

Click on a timestamp to play from that location

0:00.0

This is CBSI on the world. I'm John Batchel. Fargo, South Dakota with Gene Marks, on the road with Gene Marks, small business columnist for the Gardy newspaper, UK and U.S. edition, and our hometown newspaper, the Philadelphia Inquirer and other distinguished publications.

0:16.4

Gene travels, this time to Fargo, South Dakota, before it snows, to visit with the Pioneer Equipment

0:23.7

Dealers Association. How's business, Gene? Good day to you. Hi, John. Yeah, I spent a couple

0:30.0

days in Fargo earlier this week at the Pioneer Equipment Dealers Association. Three, 400

0:36.1

equipment dealers assembled to hear content and to network

0:41.2

and drink beers.

0:42.3

This is at the holiday in Fargo, John.

0:45.0

Just want to throw that out to you.

0:46.2

It wasn't exactly the four seasons, but the hotel was very nice.

0:50.8

And it, very interesting to hear, these are manufacturers and distributors of equipment, primarily farm equipment.

1:00.2

And they're all, you know, on pins and needles about tariffs.

1:04.7

Now, I think I told you a few weeks ago, I had spoken to the, you know, to a furniture manufacturing group, and they were all thrilled about

1:12.9

tariffs because, you know, their raw materials and their finished products are being undercut

1:17.0

by Chinese imports that were underpriced and supported by the Chinese government.

1:21.6

Well, it's a different story for the, for the, you know, pioneer equipment, the farm equipment

1:26.0

dealers, they're selling into farms.

1:28.3

And this group was from North Dakota, South Dakota, and Minnesota, those three states.

1:33.7

And, you know, a lot of cowboy hats, a lot of dungarees, you know, a lot of flannel shirts.

1:39.2

People there are nervous about tariffs and how it's going to impact their farming customers.

1:46.0

They have customers there that sell soybean and corn and other types of food to the Chinese

1:53.0

and buy from the Chinese as well.

1:56.0

And they're very concerned that they're going to be impacted significantly by these tariffs.

...

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