This is the Cater Daily podcast for Friday, March 7th, 2025. I'm Caleb Brown. Trade is good.

It advances prosperity. The tariffs pushed by the new administration, however, will be a disaster.

According to U.S. Senator Rand Paul of Kentucky. As to his own branch of government, Congress,

all the problematic spending pointed out by the so-called Department of Government Efficiency

without Congress won't amount to much. We spoke on Wednesday.

So I'm speaking to you from central Kentucky, and with respect to the new tariffs and threats of

further tariffs, I thought about Toyota, a Japanese company that makes a lot of automobiles

in Kentucky. Martin Rhea has big facilities in Kentucky as well,

and to say nothing of the exports that Kentucky engages in. What have you heard from businesses

in the Commonwealth about the impact that these tariffs are going to have on them.

I've yet to hear of any business in Kentucky that's come forward and say,

please have the tariffs. In fact, it's the opposite. So we have Toyota. We have General Motors

and Ford. They do business between the United States, Mexico and Canada to make these cars. Steel tariffs, aluminum tariffs

affect the price of cars. Recently, an article was published this week saying that some cars will go up

on average $9,000 to $10,000 per car. So none of the automobile manufacturers are for this. But above and beyond that,

I hear the same from the bourbon folks. We have a lot of bourbon distilleries. We are the state of

bourbon. Kentucky's the place to go. We sell it internationally, and many of these countries are

now putting retaliatory tariffs on us that will hurt our bourbon sales as well. The farmers,

we export 20, 25 percent of our farm goods. They're not for the tariffs as well. It's important

to remember that when people say, well, we're going to protect the steel industry. So you can look at

a steel plant and say, oh, they have a000 workers and tariffs could give them 1,200 workers.

But there are 83 workers working in industries buying steel for every worker that's making steel.

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