All Episodes

April 3, 2025 • 13 mins
  1. Reciprocal Tariffs:

    • President Trump announced new reciprocal tariffs on various countries, aiming to counteract the tariffs these countries impose on the U.S.
    • Examples include China (67% tariffs on the U.S.), European Union (39%), Vietnam (90%), Taiwan (64%), Japan (46%), and India (52%).
  2. Economic Independence:

    • Trump described this day as a declaration of economic independence, emphasizing the rebirth of American industry and the reclamation of America's destiny.
    • He highlighted the suffering of American workers due to unfair trade practices and promised that these new tariffs would protect and prioritize American manufacturing and jobs.
  3. Support from Various Groups:

    • Several industry groups expressed support for Trump's trade policies, including the Coalition for a Prosperous America, National Cattleman's Beef Association, Steel Manufacturers Association, Alliance for American Manufacturing, and National Electrical Contractors Association.
    • These groups praised the tariffs for protecting American jobs, manufacturing, and economic security.
  4. Political Reactions:

    • Various political figures, including Speaker Mike Johnson, Governor Jeff Landry, Senator Jim Banks, and Senator Bill Cassidy, supported the tariffs, emphasizing their benefits for American workers and industries.
  5. Media Criticism:

    • Trump acknowledged that the media might portray these tariffs negatively, but he stressed the importance of standing up for American workers and ensuring fair trade practices.

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 (00:01):
Foreign scavengers have torn apart our once beautiful American dream.
We had an American dream that you don't hear so
much about. Our country and its taxpayers have been ripped
off for more than fifty years.

Speaker 2 (00:13):
But it is not going to happen anymore. It's not
going to happen.

Speaker 3 (00:17):
This is a forty seven Morning Update special edition with
Ben Ferguson.

Speaker 4 (00:23):
Good Thursday morning. Ben Ferguson with you. It's signs to
have you on the forty seven Morning Update, and this
morning will be a special edition dealing with all things
tariffs and the President calling it Liberation Day. The moral
of the story with Donald Trump was this, they charged us,
so we're going to charge them. I'll explain exactly how
the tariffs work, what it means for you, and how

(00:45):
long this could last. It's the forty seven Morning Update
and it starts right now.

Speaker 3 (00:50):
Story number one.

Speaker 4 (00:51):
President Donald Trump on Wednesday revealed they charted detailing the
reciprocal tariffs that he will impose on other countries, wanting
to make it very clear to the American people that
these countries are charging us first, so now we are
going to charge them back. China sixty seven percent tariffs
charged to the US, including currency manipulation and trade barriers.

(01:16):
Was a perfect example of what Donald Trump was talking about,
and that's exactly why he announced his trade policies on
what he has deemed Liberation Day. Here's the President in
his own words at the White House.

Speaker 1 (01:28):
We have some very very good news today, and a
lot of good things are happening for our country. Please
sit down, my fellow Americans. This is liberation Day waiting
for a long time. April second, twenty twenty five will
forever be remembered as today American industry was reborn, the

(01:51):
day America's destiny was reclaimed, and the day that we began.

Speaker 2 (01:56):
To make America wealthy again, going to make it wealthy, good,
and wealthy.

Speaker 1 (02:03):
For decades, our country has been looted, pillage, raped, and
plundered by nations near and far, both friend and foe alike.
American steel workers, auto workers, farmers, and skilled craftsmen. We
have a lot of them here with us today. They
really suffered gravely. They watched in anguish as foreign leaders
have stolen our jobs. Foreign cheaters have ransacked our factories,

(02:27):
and foreign scavengers have torn apart our once beautiful American dream.
We had an American dream that you don't hear so
much about. You did four years ago and you are now,
But you know too often, and for many years and
decades even you didn't hear too much about. Our country
and its taxpayers have been ripped off for more than
fifty years.

Speaker 2 (02:48):
But it is not going to happen anymore. It's not
going to happen.

Speaker 4 (02:54):
The President also making it clear he knows how the
media is going to play this doom and gloom. But
the reality is there's quite a few important groups in
this country that are backing the President's plan, and that
is exactly why the President made it clear to the
world that the day of economic surrender are over. Who
is behind the President well, The Coalition for a Prosperous

(03:14):
America chairman put out a statement saying, this a permanent,
universal baseline tariff, resets the global trade environment and finally
addresses the destructive legacy of decades of misguided free trade policies.
President Trump's decision to implement a baseline tariff is a
game changing shift that prioritizes American manufacturing, protects working class jobs,

(03:40):
and safeguards our economic security from adversaries like China. This
is exactly the type of bold action America needs to
restore its industrial leadership. Today's actions will deliver lasting benefits
the US economy and working class Americans, submitting President Trump's
legacy as the one that ushered in a new golden
age of American industrialization and prosperity. The National Cattleman's Beef

(04:05):
Association put out a statement as well, saying quote, for
too long, America's family farmers and ranchers have been mistreated
by certain trading partners around the world. President Trump is
taking action to address numerous trade barriers that prevent consumers
overseas from enjoying high quality, wholesome American beef. The NCBA

(04:28):
will continue engaging with the White House to ensure fair
treatment for America's cattle producers around the world and optimize
opportunities for exports abroad. The Steel Manufacturers Association also praising Trump,
and again, you will not be hearing these statements from
the media, and that's why I'm giving them to you

(04:49):
right now. The Steel Manufacturers said this, President Trump is
a champion of the domestic steel industry, and his America
First trade policy is designed to fight the unfair trade
that has harmed American workers and weakened manufacturing in the
United States. The recently reinvigorated two three two steel tariffs
have already started creating American jobs and bolstering the domestic

(05:13):
steel industry. President Trump is working to turn America into
a manufacturing powerhouse, and the steel tariffs are driving that movement.
The Alliance for American Manufacturing also putting out a statement
talking about this is a game changer for American workers,
saying today's trade action prioritizes domestic manufacturers and the American workers.

(05:37):
These hard working men and women have seen unfair trade
cut the ground from beneath their feet for decades. They
deserve a fighting chance. Our workers can out compete anyone
in the world, but they need a level playing field
to do it. This trade reset is a necessary step
in the right direction. The National Electrical Contractors Association CEO

(05:59):
also saying that President Trump has consistently prioritized policies that
put the electrical industry as a priority, and we recognize
as commitment to strengthening our nation's economy. As these new
tariffs take effect, we look forward to working with the
administration to ensure that electrical contractors in the entire electrical

(06:19):
industry can continue powering America efficiently while navigating potential costs
and supply chain challenges. These are just some of the
major industries that are backing the president's move. Now, of course,
the media is going to tell you this is a disaster,
that it's going to hurt our economy, that it's starting
a trade war. President of the United States of America

(06:41):
making it very clear I am here to stand up
for the American worker.

Speaker 1 (06:46):
In a few moments, I will sign a historic executive
order instituting reciprocal tariffs on countries throughout the world. Reciprocal.
That means they do it to us and we do
it to them. Very simple. Can't get any simpler than that.
This is one of the most important days, in my opinion,

(07:09):
in American history. It's our declaration of economic independence. For years,
hard working American citizens were forced to sit on the
sidelines as other nations got rich and powerful, much of
it at our expense. But now it's our turn to
prosper and in so doing, use trillions and trillions of

(07:31):
dollars to reduce our taxes and pay down our national
debt and It'll all happen very quickly. With today's action,
we are finally going to be able to make America
great again, greater than ever before.

Speaker 4 (07:47):
President Trump wasn't the only one excited about what this
can do for the country. Speaker Mike Johnson saying President
Trump is sending a clear message with Liberation Day that
America will not be exploited by un fair trade practices anymore.
These tariffs restore fair and reciprocal trade and level the
playing field for American workers and innovators. The President understands

(08:10):
that free trade only works when it's fair. Governor Jeff
Landry of Louisiana, a very important state when it comes
to shipping, said this it's pro jobs, pro business, and
pro America. Senator Jim Banks saying the decision by President
Trump today to impose reciprocal tariffs will be so good
for Indiana. Those are the manufacturing jobs that President Trump

(08:33):
is bringing back from overseas. Senator Bill Cassidy saying the
President's trade agenda can pave the way for stronger trade deals,
fairer rules, and real results. I'm excited to work with
President Trump to make it happen. Louisiana workers and families
deserve it nothing less. And the President wasn't done there.
He also had this to say about the reciprocal tariffs

(08:55):
and why it is working the way that he is
doing it.

Speaker 1 (08:58):
The tariffs will be not a full reciprocal I could
have done that, yes, but it would have been tough
for a lot of countries.

Speaker 2 (09:06):
We didn't want to do that. I'd like to see
the chart. If you have it, could you bring it up, Howard?
This is our great Secretary of Commerce, Howard Lutnick. Thanks all.

Speaker 1 (09:20):
So if you look at that China first row, China,
sixty seven percent, that's tariff charged to the USA, including
currency manipulation and trade barriers. So sixty seven percent. I
think you can, for the most part see it. Those
with good eyes with bad eyes, we didn't want to
bring it's very windy out here. We didn't want to

(09:41):
bring out the big charts because it had no chance
of standing. Fortunately, we came armed with a little smaller charge.
So sixty seven percent. So we're going to be charging
a discounted reciprocal tariff of thirty four percent.

Speaker 2 (09:53):
I think, in other.

Speaker 1 (09:54):
Words, they charge us, we charge them, we charge them less.
So how can anybody be upset. They will be because
we never charge anybody anything. But now we're gonna charge
European Union. They're very tough, very very tough traders. Uh
you know, you think of European Union, very friendly. They
rip us off. It's so sad to see, it's so pathetic.

(10:16):
Thirty nine percent. We're gonna charge them twenty percent. So
we're charging them potentially have Vietnam great negotiators, great people.

Speaker 2 (10:25):
They like me. I like them.

Speaker 1 (10:26):
The problem is they charge us ninety percent. We're gonna
charge them forty six percent tariff. Taiwan where they make
they took all of our computer chips and semiconductors.

Speaker 2 (10:37):
We used to be the king right with everything. We
had all of it. Now we have almost none of it.

Speaker 1 (10:43):
Except the biggest company is coming in they're gonna have
We're gonna end up with almost forty percent. Leez Elden's
working to get their approvals and it's an amazing company,
mister way of one of the great companies of the world. Actually,
they're coming in from Taiwan and they're gonna build one
of the biggest plants in the world, maybe the biggest
for that, but sixty four percent we're going to charge

(11:03):
them thirty two percent. Japan very very tough, great people.
And again I don't blame the people for doing it.
It's I think they're very smart to do it. I
blame the people that sat right in that Oval office,
right over there, right behind the resolute desk, whichever deak
they chose. Japan forty six percent, they would charge us

(11:23):
forty six percent, and much higher for certain items like cars,
you know, little items like cars, forty six percent. We're
charging them twenty four percent. India very very tough, very
very tough. The Prime Minister just left. He's a great
friend of mine. But I said, you're a friend of mine,
but you're not treating us right. They charged us fifty

(11:44):
two percent. You have didn't stand. We charge them almost
nothing for years and years and decades, And it was
only seven years ago when I came in.

Speaker 2 (11:53):
We started with China and charged you.

Speaker 1 (11:55):
We took in hundreds of billions of dollars from China
in tariffs, and they understood. Honestly, Presidency understood. He said, look,
I understand, and the other countries and they all understand.

Speaker 2 (12:07):
We're going to have to go through a little tough love.

Speaker 1 (12:09):
Maybe but they all understand they're ripping us off, and
they understood it.

Speaker 4 (12:13):
So the big takeaway from the President of the United
States of America is this, these are countries that are
doing this to us first and have been doing it
at a much higher rate. We are not going back
with the same number that they're putting on our goods
and services. And this is a time for us to
have free and fair trade where America is not being
taken advantage of. There is no doubt that the media

(12:36):
is going to use this moment to attack the president.
But remember the people that I told you about earlier
in their statements, real American workers organizations saying it is
long overdue and this is going to be good for
America long term. That is exactly why the President's calling
it Liberation Day and why so many American workers are

(12:57):
celebrating this big win.

Speaker 3 (13:00):
Thank you for listening to this forty seven Morning Update
Special edition 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. Tomork
Advertise With Us

Host

Ben Ferguson

Ben Ferguson

Popular Podcasts

Crime Junkie

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.

24/7 News: The Latest

24/7 News: The Latest

The latest news in 4 minutes updated every hour, every day.

Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.