July 30, 2025 • 14 mins
-
Trump's Trade Strategy & Tariffs
- Trump discusses his willingness to meet with Chinese President Xi Jinping, emphasizing that Xi has requested the meeting.
- He defends his use of tariffs, claiming they led to factory closures in China and better trade deals for the U.S.
- He asserts that tariffs have generated massive revenue for the U.S., citing a $26 billion surplus as evidence.
-
International Trade Deals
- Mentions recent or upcoming trade agreements with countries like Japan, the Philippines, Thailand, and Cambodia.
- Claims that nearly 60% of global GDP is now involved in trade deals with the U.S.
-
Economic Boom Narrative
- Trump and the narrator argue that the U.S. economy is entering a "Golden Age" due to his policies.
- Cites a Bank of America report predicting not just a recovery but an economic boom, driven by:
- Political will ahead of midterms
- Domestic manufacturing incentives
- Global stimulus efforts
- Increased capital expenditures
- A proprietary economic indicator signaling recovery
-
Media Criticism & Clarification
- Trump disputes media reports suggesting he is seeking a summit with Xi, stating he would only go to China by invitation.
- The narrator criticizes the media for misrepresenting Trump’s actions and intentions.
-
Midterm Elections & Political Implications
- The podcast frames the midterms as a referendum on Trump’s agenda.
- Suggests that continued support for Trump’s policies could lead to further economic gains.
Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the Ben Ferguson Show Podcast and Verdict with Ted Cruz Wherever You get You're Podcasts. Thanks for Listening
#seanhannity #hannity #marklevin #levin #charliekirk #megynkelly #tucker #tuckercarlson #glennbeck #benshapiro #shapiro #trump #sexton #bucksexton
#rushlimbaugh #limbaugh #whitehouse #senate #congress #thehouse #democrats
#republicans #conservative #senator #congressman #congressmen #congresswoman #capitol #president #vicepresident #POTUS #presidentoftheunitedstatesofamerica
#SCOTUS #Supremecourt #DonaldTrump #PresidentDonaldTrump #DT #TedCruz #Benferguson #Verdict #maga #presidenttrump #47 #the47morningupdate #donaldtrump #trump #news #trumpnews #Benferguson #breaking #breakingnews #morningupdate
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Did you get to see my driver in the first hall?
Speaker 2 (00:02):
You get a freight pretty long, pretty long.
Speaker 1 (00:06):
That's that's not Joe Biden.
Speaker 3 (00:08):
Let me tell you.
Speaker 1 (00:10):
That's sound Biden Bright. It's a good a good time.
Speaker 4 (00:14):
You're listening to the forty seven Morning Update with Ben ferguson.
Speaker 3 (00:18):
Good Wednesday morning. Nice to have you with us on
the forty seven Morning Update. We've got two major stories
for you this morning coming out of the White House.
First up, the media finally having to tell the real story. Yes,
there isn't just a recovery, it is a boom. Bank
of America now saying the key tail risk is well
that the Trump economy will actually start to take off.
(00:41):
We're gonna break that down for you in just a moment. Also,
the President of the United States shocking the world saying
that ggping wants me to go to China, will most
likely be going and maybe this year. This is more
tariff agreements have been agreed to by the White House,
yet again proving the media wrong. We'll have that. Also,
(01:04):
it's a forty seven Morning Update and it starts right now.
Speaker 4 (01:08):
Story number one, not just.
Speaker 3 (01:10):
A cycled recovery, but a boom. That is how Bank
of America is talking about Donald Trump's economy in a
market landscape that is fixated on fear or stagnation and
modest recoveries. Because Donald Trump's in office and they want
everything to be doom and gloom, the Bank of America
(01:31):
is now having to tell us the truth. They're sounding
the reality and even deciding that they are bullish on
where we are headed. According to a new note from
a Bank of America research analysts, the next phase for
the US economy and equities might not be a routine recovery,
(01:52):
but quote an outright boom. Today, a confluence of factors
argue that the key tale risk that may not be
priced in is not just a cyclical recovery, but a boom.
The note says, exactly so, why is this happening? Well,
there's five reasons, they state for a boom. Bank of
(02:14):
America analysts, citing these five pillars, they say support this
more than bullish case. First is political will. They argue
that the US midterm elections a few quarters away, policymakers
have strong incentive for near term pro growth initiatives. Why
(02:35):
because everybody in Congress, right on the House side is
up for reelection. And there's a lot of members of
the Senate that are up as well. Second, they say,
is Washington's One Big Beautiful Bill Act. Yes, you may
remember the media said it was going to destroy our economy. Nope,
now they're saying the One Big Beautiful Bill. Well, it
is targeting domestic manufacturing and having a huge impact. The
(02:59):
third thing they say is the massive overseas jolt gathering
now with Germany recently enacting the largest stimulus package in
EU history, while global reflationary forces are building elsewhere. Bank
of America says, fourth, they see a broad expansion of
capital expenditures in the US. Companies like Amazon, Meta, Microsoft,
(03:23):
and Alphabet set for nearly seven hundred billion in capital
expenditures between twenty twenty five and twenty twenty six alone.
They also said, in addition, more non US companies plan
to expand manufacturing capacity in the US. Wow, municipalities are
focused on updating aging infrastructure. Now, this goes back to
(03:44):
what Donald Trump promised. If you put American workers in
manufacturing first, and in these tariff agreements that you're doing,
these trade deals you're doing, you make sure that companies
are forced to come back and do work in the
United States of America, it could explode our economy. Bank
of America is saying that is actually working and a reality. Finally,
(04:06):
the last thing on the list the Bank of America
sided is proprietary regime indicator that is a blend of
macro signals including corporate revisions to earnings per share as
well as GDP forecasts and other emerging signals. They say
it's on the verge of flipping from a downturn to
(04:26):
a quote recovery, a change it historically means a rally
in value stocks now the dominant narrative and the indicator
remains conservative. According to the Bank of America team, it
is one they say. In June, seventy percent of fund
managers still predicted stagflation, with only ten percent for seeing
a boom a above trend growth and inflation. Yet Bank
(04:50):
of America argues the catalyst for an upside breakout is
real and now imminent. If the regime Indicator does indeed
flip to recovery in early August, historical presence suggests a
rapid rotation is quote likely. So these are the big
factors that even the banks are now saying are going
(05:11):
to have a huge impact on your life. This also
is going to be a major issue come the midterm elections.
This is exactly why so many people trusted Donald Trump
and voted for him the first time. Well, let's be clear,
the midterms is a referendum on the president's agenda, and
many conservatives have been supporting and advocating for the president,
voting for things like the Big Beautiful Bill. If they
(05:33):
run on it, there's a very good chance the president
will have even more power after the midterms, and that's
good for all Americans.
Speaker 4 (05:40):
Now, story number two.
Speaker 3 (05:41):
President Donald Trump in Scotland, sitting down talking about how
it's time for a meeting with Chinese President Ggping. He
also said that Ggping has been clamoring for a meeting
in person with him soon and that that may happen
as soon as sometime this year, either in China or
at the White House else in the United States of America. Now,
(06:02):
President Trumps sitting down for an exclusive interview with Bright
Martin News and said, not only am my willing to
meet with you, who have had a long and cordial
personal relationship with despite the rising tensions between the US
and China, He also went into detail about the tariffs
and how it worked and Chinese factory shutting down after
the tariffs he put on the country that lasted thirty
(06:22):
days at extremely high level. And now China is moving
forward with a very good deal for American workers because
Trump has all the leverage. Trump has also made it
clears in no rush to accommodate what China is doing
right now. He said, We've got the leverage. I'm a
deal maker in chief. I want to cut several other
(06:43):
massive trade deals as well, and so we're working with China.
Having these meetings, I want you to hear what the
President had to say. And you may notice he's telling
a story. He's very calm, he's not that excited. He's
explained this takes time, and he's putting American workers and
manufacturers first.
Speaker 2 (07:01):
Yet again, so announced in recent weeks deals with Japan,
the Philippines.
Speaker 1 (07:06):
So with the Philippines, which was wonderful, and they're opening
up also everyone. We want everyone to open up. Frankly,
we want China open up. If we could get China
to open up, that's what I've been working on, and
it would be good for unity. Good. You know, our
companies would go in there, they'd compete, they become friends.
A lot of good things happen when you open up.
(07:26):
The European Union was essentially closed to doing business with
the United States. You couldn't really get in. They didn't
take cars, they didn't take agriculture, they didn't take very much.
And they've opened up entirely and we'll be able to
sell a full complement of cars, trucks, SUVs, everything, and
ultimately it's going to be good for them. And I
think they're also going to come over and build plants
(07:48):
in the United States. And when you do that, you
don't have to pay the tariffs, and they'll be paying
a fifteen percent tariff and everything.
Speaker 2 (07:54):
So you've now with the deals that you've already announced,
and now these latest ones. I would imagine that we're
going to see deals with Highland and Cambodia soon, because
that was the condition for the peace deal. But the
point is that we've already seen close to sixty percent
of worldwide GDP are now in deals with the United States.
(08:17):
Close to two billion people worldwide population wise, are now
in these trade packs that you've negotiated.
Speaker 1 (08:23):
The the biggest thing's ever happened. There's never been anything
like it just the deal with Europe. If you look
at that deal, that deal is bigger than any deal
that's ever been made. But the biggest deal of all
is the deal on tariffs. If you look at the
tariff deal, the whole concept of terroiffs, which covers sort
of everybody, the tariff deal that we made is by
(08:44):
far the biggest deal ever made. There's never been a
deal so big. You could buy IBM or one of
our major companies one hundred times, maybe a thousand times,
and it wouldn't equate to the kind of numbers you're
talking about here, and we're taking in the United States.
Is becoming very rich, very fair. Were taken in hundreds
of billions of dollars. You saw last month that a
surplus of twenty six billion dollars, and everyone said where
(09:06):
did they come from? I said, it came from Taro
swit had a surplus for the first time in forty
years of twenty six billion dollars. Everyone was wondering, like,
where did this come from? When I was in Saudi Arabia,
the king and also other people throughout at NATO and
other places, but the head of Qatar also and the
head of UAE and the king in that particular region.
(09:29):
They said almost the same word as they said, you know,
one year ago your country was dead. They actually said dead.
We had a dead country, that country, our country was
maybe not going to make it. They said, now you
have the hottest country in the world, and it's only
been six months, you know, I mean six months, and
we still have things to do. The border is great,
but we have to get a lot of people out
that came in here illegally, and that are criminals at
(09:52):
the highest level, including murderers. We have to get them out.
What the Democrats did to this country is unthinkable. But
and we are getting them out of Tom Holme and
Christie's you know, doing a great job. But we are
really set to have I call it the Golden age,
just as the golden age of America.
Speaker 2 (10:10):
On the tariffs front, with all of these successes and
these deals that you're seeing. We saw a lot of
people criticize your tariffs at the beginning of this thing.
Do you think the critics are you know, they got
egg on their face. Are they wrong? Here? Have you
proven them wrong?
Speaker 1 (10:23):
Many of them have apologized, Many of them didn't understand tariffs.
Even economists they didn't understand it's a negotiation basically. You know,
when you say that you're going to pay x percent
on any product that you put into our country, they're
taking our jobs, they're closing our plants. When they do this,
you know they have to pay a price for it.
So our country was the richest from around eighteen seventy
(10:45):
to nineteen thirteen. Proportionately it was the richest. That was
a golden age in a sense. We were so rich,
we had so much money, we didn't know what to
do with it. That was when we had a tariff country.
We took from money from outside countries, and in nineteen
thirteen they went to an income tax system and the
rest is history. And you know it. Look it's done fine,
(11:06):
But we owe thirty six trillion dollars. You wouldn't know
thirty six trillion dollars with tariffs, and we'll be paying
off debt and we'll be doing a lot of things
with this money. This money that's coming in is at
levels that nobody's ever seen before. Our country has never
seen money, and you you covered better than anybody. Our
country has never seen money come in at this level.
(11:26):
Would you agree?
Speaker 2 (11:27):
I agree with you? Mister President. Yeah, So now your
Treasury Secretary of Scott Bessen is while we're here meeting
with the Chinese delegation on trade in Stockholm, Sweden. I
believe it's this third such trip to meet with them.
What are some of the things you're hoping happens on
that front with China.
Speaker 1 (11:46):
Well, we want to have them open up, we want
to have the certain things we want to be fair.
We're getting along very well with China. The trade deals
so far is good. I actually raised the tariffs. At
one point there were hundred and forty five percent, which
means you can't do any business. But it was a
little bit excessive, to put it mildly, and basically that
(12:07):
stopped trade between the United States and China for one month,
and that was not good for China. That was you know,
they had a tough period of time. They were losing factories,
closing factories, and I don't want that to happen. But
we're having very productive discussions with China. That's all I
can tell you. It's a little bit different than China
is different. The European interestingly is the biggest trading deal,
(12:31):
but the China is very important to us.
Speaker 2 (12:33):
I know you have a great personal relationship with using ping.
Is that do you envision a time down the road
or an in person meeting between the two of you guys,
possibly in China or possibly at the White House or.
Speaker 1 (12:45):
So he wants me to go there, and he's going
to come here and we're just going to work out dates,
but we look forward to it. Actually, it was one
of the most incredible trips in my first term. It
was I think maybe the most incredible trip nobody's ever
I've seen, and Saudi Arabia was incredible also in particular,
those two trips were nobody's ever seen anything like them,
(13:07):
very different but equally incredible. But the China trip was
with the great whole and I don't think you were
there or wasn't, but it was something that was unparalleled.
There's never been anything, and they said they're going to
do it bigger and better this time. So we'll see
what happens, but we'll most likely be going to China
(13:28):
in the not too distant future, maybe before this year
is out, and he'll be coming here.
Speaker 3 (13:33):
You won't be surprised by the way after the interview
you just heard the media lied about exactly what the
president was doing. The President having to send out a
true social text saying this quote. The fake news is
reporting that I am seeking a summit with President G
of China. This is not correct. I'm not seeking anything.
(13:53):
I may go to China, but it would only be
at the invitation of Presion G, which has been extended. Otherwise,
no interests. Thank you for your attention to this matter. Yep.
Leave it to the liberal media to take a great
moment where we're getting closer to a better trade deal
that will help America to put out lies the present's
(14:14):
begging for a meeting with you. Thank goodness, we have
a present that continues to put American workers first and
make sure that we are not getting taken advantage of
any longer.
Speaker 4 (14:23):
Thank you for listening to the forty seven Morning Update
with Ben Ferguson. Please make sure you hit subscribe wherever
you're listening to this podcast right now and for more
in depth news, also subscribe to the Ben Ferguson podcast
and we will see you back here tomorrow.
Did you get to see my driver in the first hall?
Speaker 2 (00:02):
You get a freight pretty long, pretty long.
Speaker 1 (00:06):
That's that's not Joe Biden.
Speaker 3 (00:08):
Let me tell you.
Speaker 1 (00:10):
That's sound Biden Bright. It's a good a good time.
Speaker 4 (00:14):
You're listening to the forty seven Morning Update with Ben ferguson.
Speaker 3 (00:18):
Good Wednesday morning. Nice to have you with us on
the forty seven Morning Update. We've got two major stories
for you this morning coming out of the White House.
First up, the media finally having to tell the real story. Yes,
there isn't just a recovery, it is a boom. Bank
of America now saying the key tail risk is well
that the Trump economy will actually start to take off.
(00:41):
We're gonna break that down for you in just a moment. Also,
the President of the United States shocking the world saying
that ggping wants me to go to China, will most
likely be going and maybe this year. This is more
tariff agreements have been agreed to by the White House,
yet again proving the media wrong. We'll have that. Also,
(01:04):
it's a forty seven Morning Update and it starts right now.
Speaker 4 (01:08):
Story number one, not just.
Speaker 3 (01:10):
A cycled recovery, but a boom. That is how Bank
of America is talking about Donald Trump's economy in a
market landscape that is fixated on fear or stagnation and
modest recoveries. Because Donald Trump's in office and they want
everything to be doom and gloom, the Bank of America
(01:31):
is now having to tell us the truth. They're sounding
the reality and even deciding that they are bullish on
where we are headed. According to a new note from
a Bank of America research analysts, the next phase for
the US economy and equities might not be a routine recovery,
(01:52):
but quote an outright boom. Today, a confluence of factors
argue that the key tale risk that may not be
priced in is not just a cyclical recovery, but a boom.
The note says, exactly so, why is this happening? Well,
there's five reasons, they state for a boom. Bank of
(02:14):
America analysts, citing these five pillars, they say support this
more than bullish case. First is political will. They argue
that the US midterm elections a few quarters away, policymakers
have strong incentive for near term pro growth initiatives. Why
(02:35):
because everybody in Congress, right on the House side is
up for reelection. And there's a lot of members of
the Senate that are up as well. Second, they say,
is Washington's One Big Beautiful Bill Act. Yes, you may
remember the media said it was going to destroy our economy. Nope,
now they're saying the One Big Beautiful Bill. Well, it
is targeting domestic manufacturing and having a huge impact. The
(02:59):
third thing they say is the massive overseas jolt gathering
now with Germany recently enacting the largest stimulus package in
EU history, while global reflationary forces are building elsewhere. Bank
of America says, fourth, they see a broad expansion of
capital expenditures in the US. Companies like Amazon, Meta, Microsoft,
(03:23):
and Alphabet set for nearly seven hundred billion in capital
expenditures between twenty twenty five and twenty twenty six alone.
They also said, in addition, more non US companies plan
to expand manufacturing capacity in the US. Wow, municipalities are
focused on updating aging infrastructure. Now, this goes back to
(03:44):
what Donald Trump promised. If you put American workers in
manufacturing first, and in these tariff agreements that you're doing,
these trade deals you're doing, you make sure that companies
are forced to come back and do work in the
United States of America, it could explode our economy. Bank
of America is saying that is actually working and a reality. Finally,
(04:06):
the last thing on the list the Bank of America
sided is proprietary regime indicator that is a blend of
macro signals including corporate revisions to earnings per share as
well as GDP forecasts and other emerging signals. They say
it's on the verge of flipping from a downturn to
(04:26):
a quote recovery, a change it historically means a rally
in value stocks now the dominant narrative and the indicator
remains conservative. According to the Bank of America team, it
is one they say. In June, seventy percent of fund
managers still predicted stagflation, with only ten percent for seeing
a boom a above trend growth and inflation. Yet Bank
(04:50):
of America argues the catalyst for an upside breakout is
real and now imminent. If the regime Indicator does indeed
flip to recovery in early August, historical presence suggests a
rapid rotation is quote likely. So these are the big
factors that even the banks are now saying are going
(05:11):
to have a huge impact on your life. This also
is going to be a major issue come the midterm elections.
This is exactly why so many people trusted Donald Trump
and voted for him the first time. Well, let's be clear,
the midterms is a referendum on the president's agenda, and
many conservatives have been supporting and advocating for the president,
voting for things like the Big Beautiful Bill. If they
(05:33):
run on it, there's a very good chance the president
will have even more power after the midterms, and that's
good for all Americans.
Speaker 4 (05:40):
Now, story number two.
Speaker 3 (05:41):
President Donald Trump in Scotland, sitting down talking about how
it's time for a meeting with Chinese President Ggping. He
also said that Ggping has been clamoring for a meeting
in person with him soon and that that may happen
as soon as sometime this year, either in China or
at the White House else in the United States of America. Now,
(06:02):
President Trumps sitting down for an exclusive interview with Bright
Martin News and said, not only am my willing to
meet with you, who have had a long and cordial
personal relationship with despite the rising tensions between the US
and China, He also went into detail about the tariffs
and how it worked and Chinese factory shutting down after
the tariffs he put on the country that lasted thirty
(06:22):
days at extremely high level. And now China is moving
forward with a very good deal for American workers because
Trump has all the leverage. Trump has also made it
clears in no rush to accommodate what China is doing
right now. He said, We've got the leverage. I'm a
deal maker in chief. I want to cut several other
(06:43):
massive trade deals as well, and so we're working with China.
Having these meetings, I want you to hear what the
President had to say. And you may notice he's telling
a story. He's very calm, he's not that excited. He's
explained this takes time, and he's putting American workers and
manufacturers first.
Speaker 2 (07:01):
Yet again, so announced in recent weeks deals with Japan,
the Philippines.
Speaker 1 (07:06):
So with the Philippines, which was wonderful, and they're opening
up also everyone. We want everyone to open up. Frankly,
we want China open up. If we could get China
to open up, that's what I've been working on, and
it would be good for unity. Good. You know, our
companies would go in there, they'd compete, they become friends.
A lot of good things happen when you open up.
(07:26):
The European Union was essentially closed to doing business with
the United States. You couldn't really get in. They didn't
take cars, they didn't take agriculture, they didn't take very much.
And they've opened up entirely and we'll be able to
sell a full complement of cars, trucks, SUVs, everything, and
ultimately it's going to be good for them. And I
think they're also going to come over and build plants
(07:48):
in the United States. And when you do that, you
don't have to pay the tariffs, and they'll be paying
a fifteen percent tariff and everything.
Speaker 2 (07:54):
So you've now with the deals that you've already announced,
and now these latest ones. I would imagine that we're
going to see deals with Highland and Cambodia soon, because
that was the condition for the peace deal. But the
point is that we've already seen close to sixty percent
of worldwide GDP are now in deals with the United States.
(08:17):
Close to two billion people worldwide population wise, are now
in these trade packs that you've negotiated.
Speaker 1 (08:23):
The the biggest thing's ever happened. There's never been anything
like it just the deal with Europe. If you look
at that deal, that deal is bigger than any deal
that's ever been made. But the biggest deal of all
is the deal on tariffs. If you look at the
tariff deal, the whole concept of terroiffs, which covers sort
of everybody, the tariff deal that we made is by
(08:44):
far the biggest deal ever made. There's never been a
deal so big. You could buy IBM or one of
our major companies one hundred times, maybe a thousand times,
and it wouldn't equate to the kind of numbers you're
talking about here, and we're taking in the United States.
Is becoming very rich, very fair. Were taken in hundreds
of billions of dollars. You saw last month that a
surplus of twenty six billion dollars, and everyone said where
(09:06):
did they come from? I said, it came from Taro
swit had a surplus for the first time in forty
years of twenty six billion dollars. Everyone was wondering, like,
where did this come from? When I was in Saudi Arabia,
the king and also other people throughout at NATO and
other places, but the head of Qatar also and the
head of UAE and the king in that particular region.
(09:29):
They said almost the same word as they said, you know,
one year ago your country was dead. They actually said dead.
We had a dead country, that country, our country was
maybe not going to make it. They said, now you
have the hottest country in the world, and it's only
been six months, you know, I mean six months, and
we still have things to do. The border is great,
but we have to get a lot of people out
that came in here illegally, and that are criminals at
(09:52):
the highest level, including murderers. We have to get them out.
What the Democrats did to this country is unthinkable. But
and we are getting them out of Tom Holme and
Christie's you know, doing a great job. But we are
really set to have I call it the Golden age,
just as the golden age of America.
Speaker 2 (10:10):
On the tariffs front, with all of these successes and
these deals that you're seeing. We saw a lot of
people criticize your tariffs at the beginning of this thing.
Do you think the critics are you know, they got
egg on their face. Are they wrong? Here? Have you
proven them wrong?
Speaker 1 (10:23):
Many of them have apologized, Many of them didn't understand tariffs.
Even economists they didn't understand it's a negotiation basically. You know,
when you say that you're going to pay x percent
on any product that you put into our country, they're
taking our jobs, they're closing our plants. When they do this,
you know they have to pay a price for it.
So our country was the richest from around eighteen seventy
(10:45):
to nineteen thirteen. Proportionately it was the richest. That was
a golden age in a sense. We were so rich,
we had so much money, we didn't know what to
do with it. That was when we had a tariff country.
We took from money from outside countries, and in nineteen
thirteen they went to an income tax system and the
rest is history. And you know it. Look it's done fine,
(11:06):
But we owe thirty six trillion dollars. You wouldn't know
thirty six trillion dollars with tariffs, and we'll be paying
off debt and we'll be doing a lot of things
with this money. This money that's coming in is at
levels that nobody's ever seen before. Our country has never
seen money, and you you covered better than anybody. Our
country has never seen money come in at this level.
(11:26):
Would you agree?
Speaker 2 (11:27):
I agree with you? Mister President. Yeah, So now your
Treasury Secretary of Scott Bessen is while we're here meeting
with the Chinese delegation on trade in Stockholm, Sweden. I
believe it's this third such trip to meet with them.
What are some of the things you're hoping happens on
that front with China.
Speaker 1 (11:46):
Well, we want to have them open up, we want
to have the certain things we want to be fair.
We're getting along very well with China. The trade deals
so far is good. I actually raised the tariffs. At
one point there were hundred and forty five percent, which
means you can't do any business. But it was a
little bit excessive, to put it mildly, and basically that
(12:07):
stopped trade between the United States and China for one month,
and that was not good for China. That was you know,
they had a tough period of time. They were losing factories,
closing factories, and I don't want that to happen. But
we're having very productive discussions with China. That's all I
can tell you. It's a little bit different than China
is different. The European interestingly is the biggest trading deal,
(12:31):
but the China is very important to us.
Speaker 2 (12:33):
I know you have a great personal relationship with using ping.
Is that do you envision a time down the road
or an in person meeting between the two of you guys,
possibly in China or possibly at the White House or.
Speaker 1 (12:45):
So he wants me to go there, and he's going
to come here and we're just going to work out dates,
but we look forward to it. Actually, it was one
of the most incredible trips in my first term. It
was I think maybe the most incredible trip nobody's ever
I've seen, and Saudi Arabia was incredible also in particular,
those two trips were nobody's ever seen anything like them,
(13:07):
very different but equally incredible. But the China trip was
with the great whole and I don't think you were
there or wasn't, but it was something that was unparalleled.
There's never been anything, and they said they're going to
do it bigger and better this time. So we'll see
what happens, but we'll most likely be going to China
(13:28):
in the not too distant future, maybe before this year
is out, and he'll be coming here.
Speaker 3 (13:33):
You won't be surprised by the way after the interview
you just heard the media lied about exactly what the
president was doing. The President having to send out a
true social text saying this quote. The fake news is
reporting that I am seeking a summit with President G
of China. This is not correct. I'm not seeking anything.
(13:53):
I may go to China, but it would only be
at the invitation of Presion G, which has been extended. Otherwise,
no interests. Thank you for your attention to this matter. Yep.
Leave it to the liberal media to take a great
moment where we're getting closer to a better trade deal
that will help America to put out lies the present's
(14:14):
begging for a meeting with you. Thank goodness, we have
a present that continues to put American workers first and
make sure that we are not getting taken advantage of
any longer.
Speaker 4 (14:23):
Thank you for listening to the forty seven Morning Update
with Ben Ferguson. Please make sure you hit subscribe wherever
you're listening to this podcast right now and for more
in depth news, also subscribe to the Ben Ferguson podcast
and we will see you back here tomorrow.
Host
Ben Ferguson
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.