The China Trade War

Episode Transcript

Speaker 1 (00:00):
Good morning, Cooner. Contrary.

Speaker 2 (00:04):
Okay, my friends, we are now living through momentous days,
and as I said on X last night, what Trump
is now doing, I truly believe is one of the
most historic actions taken, probably since Ronald Reagan helped bring
down the Soviet Union and the Communist Empire in Eastern Europe.

(00:29):
And I'm not embellishing or exaggerating for dramatic effect. We
are now potentially witnessing Reagan two point zero if Trump
can play out his strategy regarding China. So let me
set the table, because the stakes now could not be higher, frankly,
for the Trump administration, for Trump's legacy, for the United States,

(00:53):
for China, and really for the world. President Trump, as
you know, has now house slapped tariffs on almost every
country in the world, a ten percent baseline tariff. From this,
he is now going after some of the worst abusers
who have been taking advantage of US for twenty to

(01:15):
thirty years. Most of these countries, in fact, over seventy
countries already. I'm talking Japan, South Korea, the entire European Union.
I can run down the whole list. Taiwan, Vietnam are
practically begging Trump, begging Trump ter renegotiate a deal. They're

(01:39):
lining up outside the door. Japan sending their prime minister,
South Korea is sending their entire delegation. Taiwan wants to
meet with him yesterday. The Europeans now want to deal desperately,
so one after another they are bending the knee to
Donald Trump. He is already negotiating much better tariff terms

(02:03):
for our country and for our workers and our manufacturing.
But there is one country that is now not just doubling,
tripling down.

Speaker 1 (02:14):
They are now.

Speaker 2 (02:15):
Mobilizing for a protracted, prolonged trade war. And I believe
it is the biggest mistake China and Beijing has ever made.
The Chinese Communist Party may now signal their own death knell.
The Chinese responded to Trump's tariffs by blasting Trump being

(02:37):
extremely nationalistic, saying that this was a threat on China's
economic and national security. And so remember the Chinese already
were tariffing our goods. This is going back decades now,
sixty seven percent, sixty seven percent. In other words, they

(03:02):
had massive tariffs and trade barriers to us. This is
why we hardly sell them anything. All this talk about
our big trading partner is China. Yes, it's mostly a
one way street. And as President Trump has rightly pointed out,

(03:23):
the Chinese manipulate their currency. They lower the value artificially
to make their exports cheaper so they can dump into
the American market. They steal our technology and our intellectual property,
which is a violation of every international trading rule in

(03:43):
the business. And they dump their products. Their companies and
products are subsidized, so their goods, their cheap goods, their
plastic toys, everything that they make pretty much go to
Walmart and it's a Chinese outlet store. So all of
their cheap products and goods. They have been dumping them

(04:06):
into our country now for decades. But they We do
hardly any trade with China in terms of exporting our
goods to them. So this has caused massive trade deficits,
huge trade imbalances, which has amounted to and I'm not exaggerating,

(04:28):
trillions and trillions and trillions of dollars literally over the
last twenty years of our wealth, our jobs, our factories,
all of it being outsourced to China. To show you
how bad the discrepancy has been. Communists China and the

(04:50):
United States trade about five hundred and eighty billion dollars
in goods. Almost all of that is from China into
the United States every year. Every year, China sells four
point fifty five hundred billion into the US market. In

(05:15):
other words, we are their number one customer. We are
their number one buyer. We sell practically nothing to them.
They sell almost everything to us. They need us, we
don't need them. And the problem now is that Jijinping,

(05:40):
the dictator of China, who, by the way, is trying
to revive the legacy of one of the greatest mass
murderers that ever existed, Mao Setang Mao, a vicious communist butcher. Jijinping,
drunk with power, as they say, cometh before the fall,

(06:02):
believing now that China is an unstoppable military economic juggernaut,
has now come out and said, we are in a
fight his words to the end with the Americans on trade.
We will not back up an inch. He has now

(06:24):
staked his entire prestige of his leadership and that of
the Communist Chinese Party on winning this trade war and
breaking Donald Trump and with it America. He then imposed
retaliatory tariffs on Trump. Remember they were tariffing US before

(06:46):
sixty seven percent, we had practically no tariff on their goods.
Trump then hit him with a twenty percent tariff. They complained,
they retaliated. Trump then retaliated, saying, oh hey, you guys, hey,
you guys want to play this game. He hit him
then with a thirty four percent tariff. Now, let me

(07:08):
tell you if the Chinese were smart, here's what they
would say. Largest customer, our biggest market. Exports drive China's economy,
and it's massive military build up. We need the Americans,
We need the American consumer. We need this massive market. Okay,

(07:29):
we won't make five hundred billion every year. We'll make
four hundred or three hundred and fifty billion. We're still ahead.
Take a hit on some tariffs. By the way, Trump
was only tariffing them half of what they were tariffing US.
So I would say, you know what, guys, Okay, I mean,

(07:50):
we don't buy much American anyway, So who cares as
long as we can continue to sell Chinese goods. Maybe
not as much, but we still got a two to
one advantage. No, no, no, no, they're getting greedy. They're
getting greedy, and Trump specifically warned them, saying, resind and

(08:15):
pull back those retaliatory tariffs that you just imposed of
thirty four percent extra, or I'm telling you the next
number I'm going to hit you with is fifty percent.
Jijinpeng released a statement essentially telling Trump to go fly
a kite, that China will never back down, and that

(08:39):
now this is a fight to the end. So at
midnight this morning, twelve oh one this morning, the fifty
percent tariff extra Trump now has slapped on China goes
into effect. China now is being hit in total with

(08:59):
a one one, one hundred and four percent tariff on
every single Chinese good. We are now in a full
scale economic and trade war with China. And let me
tell you, I have never supported President Trump more in

(09:23):
my life than at this moment. I have never been
more proud of President Trump than I am at this moment,
because I believe if he holds the line, and I
believe he will, China now cannot afford to lose face,
not after everything that she has said in public, not

(09:44):
after everything the media is telling the Chinese population that
America is bullying China, that America is attacking China economically,
and that China now, according to them, will not and
will never concede an inch in this trade war. So
we hold the cards. They don't hold the cards. In

(10:06):
the end, they cannot win this trade war. And the
longer now this tariff war goes on between US and China,
China's economy will begin to buckle, it will crack, and
it will eventually crash. And if Donald Trump crashes the

(10:27):
communist Chinese economy, and this is the path now we
are on. If Trump breaks China, as I believe he will,
then China's crashing economy, like the Soviet Union, will lead
to its utter military collapse as well. Okay, my friends,
we are now living through very very historic days. And

(10:50):
we'll see how historic it is probably the next couple
of days or weeks. But we are now officially in
an all out economic trade war, eventually now a cold
war between the United States and China. As I speak
to you, just about six hours and what is it.
Nineteen minutes ago at twelve oh one, the Trump administration,

(11:13):
thank you Jesus, has slapped China now with a massive,
crippling one hundred and four percent tariff on every single
Chinese good, every single Chinese product. The Chinese have already retaliated.
They're going to hit us something with like a five
hundred percent tariff. Now it ultimately doesn't matter because we

(11:35):
don't sell anything in China practically anything anyway. They've been
tariffing US for decades. They also have all these non
trade barriers and regulations, so this has been a one
way relationship really since two thousand and one, when I
think the United States made one of the biggest mistakes
in our history, and this was directly because of Bill

(11:57):
Clinton and the globalist Republicans to that was the birth
of the Uniparty where they agreed to allow China to
enter what's called the wto the World Trade Organization, and
the United States gave China the one thing it most
coveted and wanted, most Favored Nation status, and so for

(12:21):
the last twenty five years they have had unrestricted access
to our wealthy, vast market. Remember we're the wealthiest.

Speaker 1 (12:32):
Market in the world in the world.

Speaker 2 (12:36):
And the Chinese not only got unrestricted access, they were
able to dump their products. They used slave labor, sweatshops,
literally slave labor. They manipulate their currency, They have no
environmental or labor regulations, so they can make products at

(12:59):
an incur credibly cheap price.

Speaker 1 (13:02):
And that's when you began to see.

Speaker 2 (13:04):
The phenomenon of you go to Walmart and literally everything
is made in China. Everything is made in China. And
that's when they began racking up these massive trade surpluses
against US. For US trade deficits three hundred four hundred
five hundred billion dollars a year over the last twenty

(13:25):
five years, trillions of dollars of our wealth was outsourced
and transferred to China.

Speaker 1 (13:33):
Our jobs.

Speaker 2 (13:34):
You can't compete against slave labor, You can't compete against
companies that are being subsidized by the Chinese government and
with no environmental or labor regulations. So our company said,
why should we build you know, I'm just going to
make an example. Why should we build washing machines here?

(13:56):
Why should we make t shirts here? Why should we
make sauce for running shoes or sneakers here? Just make
them in China and then they'll come in Tira free
and so millions. In fact, according to one major report,
China alone has taken away four million jobs from the

(14:17):
United States. Good paying, working class manufacturing jobs gone gone,
sixty thousand factories gone gone. Trump now says this is over.
It is bleeding our middle class. We have lost our

(14:39):
entire industrial base. In fact, just to show you how
dire the situation is, many of our military national security
systems that we have require parts made or chips or
aspects of it made in China. We have now become

(15:03):
dependent upon China for some of our top military and
national security weapons systems. This is a recipe for economic
ruin and suicide. Now, as we learn during COVID, are
prescription drugs China China, never mind the fentinel that they're

(15:28):
deliberately pouring in that are killing one hundred thousand Americans
every single year. Okay, I'm not talking. I'm talking about
here my insulin. My insulin is made in China. We
can't make insulin here. Many of our needed prescription drugs
and medications that we need for as Americans to stay alive,

(15:49):
to stay healthy, it's made in China. So we have
outsourced our most vital supply chains to the communist Chinese,
which is making us increasingly dependent upon them. Trump is
now saying this is over. The supply chains are gonna
come back. We're gonna produce everything in America that we

(16:12):
need for our military, national and economic security. And moreover,
we're gonna cut this military monster off, this communist monster
that wants to dominate Asia and eventually dominate the world.
We are gonna cut him off now at the economic knees.

(16:35):
This tariff. If we stick, if he holds the line,
if he stands his ground, this tariff will economically break China. Jijinping.
It's like the Japanese attack on Pearl Harbor. They got
too greedy, too arrogant, two cocky, too over confident, and

(17:01):
they thought they could beat us, and they can't. They
weren't in a position yet to beat us. Xi Jinping
now has launched a war, an economic trade war against
the United States that I believe he cannot win. We
hold most of the cards, and now the Chinese are

(17:24):
going to learn the hard way. I've been waiting twenty
five years now for a president of the United States
to finally stand up to communist China, and this is
now what President Trump is doing to me this The
stakes could not be higher. I believe his entire presidency
potentially now is on the line. And I believe, like

(17:47):
Ronald Reagan, if he sticks to his guns, and of
course Reagan in nineteen eighties it was more the military
build up and arming the mujahideen in Afghanistan. I mean,
it was obviously a different time, different circumstances. But to me, now,
for US to be able to bring China to its
economic needs and potentially end this massive threat that they

(18:09):
posed to the world without firing a single shot, just
like Reagan ended the Cold War, just like Reagan ultimately
brought down the USSR, I believe that Trump now could
end our Cold War with China and bring the Chinese
Communist Party down. And what I just want to tell

(18:30):
everybody is, as I said on x last night, for
twenty five years, the Chinese Communist Party has been waging
a war against US, an economic war, a trade war,
a technology war, a political war, an ideological war, an

(18:52):
espionage war, and in some ways even a biological weapons war.
Never forget what they did to us with COVID ever,
how they created it in that lab, how they released
it from that lab, how Xi Jinping deliberately lied about
what they did in Wuhan, and how they allowed it
to go into the world.

Speaker 1 (19:13):
And millions of people died.

Speaker 2 (19:15):
China must pay the Chinese Communist leadership in particular, must
pay for what they've done. Never, never, never forget. And
I want to read this from Mark on Messenger, and
I'm telling you it's absolute genius. I think he hit

(19:36):
the nail right on the right on the head. Jeff
Trump on this issue is one thousand percent right. China
needs us more than we need China. This trade war,
these Trump tariffs will cripple the CCP. There is no
reason why we can't make the same products here in

(19:58):
the United States that China makes with slave labor. By
the way, if you look at all the products you
buy in the United States, they all say made in
China on them. This will create more jobs here. In fact,
it would be awesome if we did, because then we
could tell China we don't need your products anymore because

(20:21):
we're making the same products here in America. China will
regret having this trade war with Donald Trump. I agree Mark.
I think it's Gee's biggest mistake, and I think it's
the it's the Communist Party's biggest mistake. They took on
the American giant at a time when they don't hold

(20:45):
the cards. As Scott Besson put it on an interview
on CNBC China, China has a pair of twos. We've
got a royal flush our hand and beats their hand.
Will Trump now fight to the end the way China

(21:07):
now is vowing to fight to the end.

Speaker 1 (21:09):
Will Trump hold the line? That's the question.

Speaker 2 (21:13):
Now listen to White House Press Secretary Caroline Levitt. She
speaks for the president, and she says, I just spoke
to President Trump. Here's our message to China. Here's our
message to Ji Jinping Roll caught six a MIC.

Speaker 3 (21:34):
Countries like China who have chosen to retally and try
to double down on their mistreatment of American workers are
making a mistake. President Trump has a spine of steel,
and he will not break, and America will not break.
Under his leadership. He is guided by a firm belief
that America must be able to produce essential goods for
our own people and export them to the rest of

(21:55):
the world. A strong America cannot be solely dependent on
foreign countries for our food, medicines, and critical minerals. And
America must always maintain a robust defense supply chain. Reprioritizing
and strengthening our manufacturing industry are essential national and economic
security issues of the utmost importance to President Trump. By

(22:16):
focusing on supercharging the on shoring of American manufacturing, the
President is already delivering on his promise to usher in
an economic golden age for our country.

Speaker 2 (22:26):
President Trump, Don't get me wrong, buddy, I only have
eyes for my wife. But I love you in a
non sexual way, my friend. So yes, he's renegotiating with
seventy countries already, we're hammering out better deals. Already, they're
coming saying they're willing to bend the knee. So already

(22:49):
we're going to see massive benefits for American workers, for
American manufacturing, for American industry, for the American economy. But
the number one issue is with China. Everything comes down
now to China, and that G instead of pulling back
from the brink, has now crossed the line. If Trump

(23:13):
now says it's on and we're going to fight this
to the finish, I can't believe the Chinese were this
stupid G.

Speaker 1 (23:20):
Now the only.

Speaker 2 (23:21):
Way for him is to lose face, And if he
loses face, he cannot hang on to power. So watch
what's happening now between US and China. These tariffs now
may be the most consequential and historic in human history
six one, seven two six six sixty eight sixty eight.

(23:42):
Let me set the table, and I want to go
to the phone lines because they're jammed. What do you
make now of Trump's tariff wall? What do you make
in particular of him slapping one hundred and four percent
tariff on all Chinese goods? Do you fear it will
lead to rising prices at home? That's what many are

(24:05):
complaining about because they buy Chinese goods. Everywhere you go,
everything's made in China. Now, do you support Trump's trade
war with China? And in this battle of wills between
communists China and Trump's America, which side are you on?

(24:27):
And who do you think will win? Ronnie in Boston,
You're gonna kick us off, Ronnie. Thanks for holding and welcome.

Speaker 4 (24:38):
Hey, good morning, Jeff, Ronnie in the country. It's a pleasure.
It's a pleasure, you know, Jeff. I was listening on
Monday when you talked about Bill Ackman urging the president
to please put a pause on this and please put
a and it was making me smile, Jeff, because what
occurred to me is that following that advice is the

(25:00):
one and only way that this all fails, which is
why he's being given that advice by these shills and
these hacks, is because they know better than anybody else
that Trump has all the leverage and this is going
to be a massive victory for Trump. And you know,
like for Trump's part, Jeff, you can't just walk back

(25:21):
if Liberation Day, you can't just walk back everything he
said on April second, and six days later buckle under
the pressure. Well, I'm going to put a pause on things.
It means the whole thing was a publicity stunt. It
destroys Trump's credibility on any other major issue. And you know,
when I listen to what Trump said on Liberation Day,

(25:43):
I knew right then and there this guy is in
it for keeps, because you don't walk away from making
a stand like this, not just to let the American
people know that a golden age of renaissance of manufacturing
and investments coming back, but to also put the entire
world on notice, know that stupid uncle Sucker is done
playing these games, you know, and we're gonna start using

(26:06):
our leverage.

Speaker 2 (26:07):
Ronnie, can you please do me a do me a favor?
Hang on China, and the United States are now in
a full scale economic and trade war. To the United States,
last night, in response to China's predatory retaliatory tariffs, slapped
one hundred and four percent in total tariff on all

(26:28):
Chinese goods. China now says they will not back down.
G has come out and vowed he will fight this
to the bitter end. No surrender, no retreat. So someone's
gonna have to blink. The question now is who six
one seven two six, six, sixty eight sixty eight. Let's

(26:49):
go right back to Ronnie in Boston. Ronnie, I thought
you made an amazing point after announcing Liberation Day and
this economic renaissance in manufacturing and invent and how all
of these jobs we're going to start coming back to
the United States. How can Trump now give up or
you know, implement the pause or backtrack six seven days

(27:12):
in with Wall Street panic and media pressure bearing down
on him, he's got to see this thing through. You're right,
He's got no choice. Plus it's the right thing to do. Ronnie.
My question now to you is this China has become

(27:33):
in many ways the outlet store for so many Americans.
I don't care what it is, whether it's sneakers, whether
it's a flat screen TV, whether it's our iPhones, you
name the product. Everything is made in China. You put
one hundred and four percent tariff on those goods, those

(27:56):
duties on those on those goods coming in. It is
going to raise prices across the board here in the
United States, at least in the short term. Can the
American people handle short term economic pain to defeat China
in this trade war? In the end, Who's got who

(28:19):
by the tonsils? Is it g or is it Trump?

Speaker 4 (28:27):
It is definitely Trump holding all the cards. And I'll
tell you why because number one, like you know outlets
like Amazon, Amazon is basically a Chinese goods app Jeff,
I mean practically everything on Amazon is made in China.
And you don't think that Amazon, with all of their influence,

(28:47):
isn't going to put incredible pressure on China to back
down from this, you know, I mean, are you kidding me?
Of course they are, you know, And you know, China
says it'll retaliate to the very with what you know,
like they're going to retaliate with what, you know, like
our goods you know, on a big presence and in

(29:08):
China made it America isn't something that Chinese people see
on anything. In China. That market is essentially close to us,
So you know, there's no leverage on his part. And
look at what's happened already. You know, countries have lined
up to renegotiate. The market is rebounding, you know. I mean,

(29:28):
it's all working out exactly as Trump said it would
if you just stayed the course and didn't turn into
a panocrat.

Speaker 5 (29:36):
You know.

Speaker 4 (29:37):
So I trust the guy, and I don't pretend to
be a financial expert. I have a four oh one
K Jeff, but I don't pretend to be any expert
on economics. But I do know you know that we're
the number one market in the world, and that we've
been rated for decades, and I know that this recalibration
of trade is the single best thing to happen to
the American business owner, the America and worker, and the

(30:01):
American taxpayer. In decades, decades, we're going to have so
much money pouring in that all the concerns about the
insolvency of social Security and medicare that's all going to
get wiped away. It's all going to get wiped away.
We're going to see a boom like we've never seen,
and the markets are already coming back to prove it.
And these countries know the writing is on the wall,

(30:22):
and because they know Trump will not back down, they're
lining up to get the best deal they can in
this new global reckoning that Trump has brought about. He's
moved the entire world.

Speaker 1 (30:34):
Jeff, Ronnie, drop the mike. Thank you very much for
that call.

Speaker 2 (30:41):
He's reordering global trade in front of our eyes, and
he's done something that people thought was in the impossible.
He's reordering global trade and the global economy, and especially
here in America, to favor the American worker, the American
middle class, American business, small business owners, American manufacturing, American interests.

(31:10):
It's honestly, they said it couldn't be done.

Speaker 1 (31:13):
He's doing it.

Speaker 2 (31:14):
Larry in Lemonster, Thanks for holding Larry, and welcome.

Speaker 5 (31:21):
Good morning, Jeff. You are right, yes, sir.

Speaker 1 (31:24):
Okay, go ahead, my friend, go ahead, Larry.

Speaker 5 (31:28):
So, yeah, it does seem like everything that is made
on the face of the earth comes from China. Well
except for babies, those come from China, but that's another story.
So I backed this one hundred percent, just like you.
You know, people seem to forget how this happened to us.

(31:49):
You you touched on it earlier. This was Bill Clinton.
This was a bunch of rhino, you know, neo Kon Republicans.
They all swore to us, like hand to heart, that
if we gave China Most Favored Nation status, if we
did these trade deals, they would become democratized, Their middle

(32:12):
class would thrive, slavery would end, and all that stuff.
And it's only gotten worse.

Speaker 1 (32:19):
Oh, you're dead on See.

Speaker 2 (32:20):
That's what I find incredible, Larry the very and you
tell me if you agree or not on this. The
very same media elites, and I'm talking, I'm gonna call
them out. The Wall Street Journal, the Washington Post, the
New York Times, this is CNN, MSNBC. Frankly most of

(32:41):
Fox News. I'm like ninety five percent the Fox, with
the rare exception here or there. So I can go
across the board Wall Street, the Bushes, the Pelosis, the Schumers,
the Carries, the Obamas, the Bidens, the Clintons. I can
go right across the board. Republicans and Democrats, the establishment

(33:05):
who gave us the Iraq War they did, who gave
us the twenty year war and then eventually the disaster
that turned out in Afghanistan.

Speaker 1 (33:13):
They did.

Speaker 2 (33:15):
Who is the one that told us most favored nation
trade status for China.

Speaker 1 (33:20):
It's the key.

Speaker 2 (33:22):
It'll bring China into the world order, the international trading system.
It's going to civilize China. It'll democratize China. As you
put it, China's get wealthy, to have a middle class.
The middle class will demand democracy. They were wrong about China.
In fact, they unleashed a military monster, an economic military

(33:46):
monster that now threatens forget their neighbors, forget Asia. You've
got now that they're buying up ports, seaways, minerals, property,
land in America, across Latin America, in in Africa, in Europe.

Speaker 1 (34:08):
I mean they've they've.

Speaker 2 (34:09):
Created this, uh this really this this this replaced this
successor to the Soviet Union. That's what China really now
has become a successor to the Soviet Union.

Speaker 1 (34:22):
And we propped them up. So the very same elites.

Speaker 2 (34:28):
That were wrong about Iraq, that we're wrong about Afghanistan,
that we're wrong about NAFTA, that were wrong about China,
that were wrong about COVID, that we're wrong about the
Russia collusion, hoax that have been wrong, wrong, wrong, wrong,
going back to the last thirty years. Suddenly now we're
supposed to believe them that Trump's tyra for war is

(34:50):
going to be this disaster, when we know they're the
ones who are profiting and benefiting from this, because I
can tell you this Larry trade with China has put
a lot of money in the pockets of a lot
of politicians, a lot of politicians, and it's put a

(35:11):
lot of money into big media conglomerates. The New York
Times is a mouthpiece for Beijing. The Wall Street Journal
is a mouthpiece for Beijing. CNN is a mouthpiece for Beijing.
So they've infiltrated our universities, They've infiltrated Congress.

Speaker 1 (35:31):
They owned Joe Biden, they.

Speaker 2 (35:34):
Owned them like a ten dollars street walker, him and
his entire family. So I'm looking at them and I'm saying,
look at the influence, the infiltration, and here big story
front page, Wall Street Journal, front page, Today's Wall Street Journal.
Wall Street billionaires are now fuming, fuming, saying he's not this.

(36:02):
The Trumps were telling him, we don't want this trade war,
and we don't want this trade war. With China in particular.
He won't listen. He won't take our calls. He doesn't
care that we're upset, he doesn't care that we're angry.
He doesn't care that we tried to tank the stock
market last week in a little bit yesterday to punish him.

(36:23):
He won't listen. We don't own them, we can't control them.
Yet these are the very same people I'm talking about
the media now, the fake news media, and the Democrats
and the Libs. He's owned by the oligarchs, He's owned
by the rich. He's a puppet of the rich. Really,
So tell me, if he's a puppet of the rich,

(36:45):
why does Wall Street want to hang them? I mean,
he's the most hated guy on Wall Street right now.
Trump is the globalist elites want to shoot them. The
rich can't stand him because us, for the first time
since Ronald Reagan, we have a president now who's going
to put working people, the working middle class America first.

(37:13):
And they're losing their minds here, Larry, I want to
get your reaction. Don't take my word for it. This
is deliberate. Trump knows exactly what he's doing. He was
speaking at the National Republican campaign Committee. And he wasn't
just speaking to the audience. He was speaking to Wall Street.

(37:35):
He was speaking to the wealthy globalist elites. He was
speaking to the entire establishment, Republican and Democrat. He goes,
I want you guys to know there's a new sheriff
in town. You want to know what my tariffs are about.
Here's what my tariffs are about. Suck on this roll,
cut one, Mike.

Speaker 6 (37:57):
I'm proud to be the president for the workers, not
the outsources. The president stands up from main Street, not
Wall Street, who protects the middle class, not the political class,
and who defends America not trade cheaters all over the globe.

Speaker 1 (38:11):
They're trade cheaters. They cheated on us. I love you.
They cheated with tariffs on us. I love you.

Speaker 6 (38:17):
They stole our money, they stole our jobs.

Speaker 4 (38:20):
I love you.

Speaker 2 (38:21):
I love I've been saying this for thirty freaking years.
Everything that he said is the It's the Lord's truth. Larry,
indulge me. Let me play one more.

Speaker 4 (38:33):
So.

Speaker 2 (38:34):
Everybody said it's a horrible idea. Everybody said, oh, it'll
lead to a great depression. Oh my god, the mother
of all stock market crushes. Oh my god, it's all
the sky is gonna fall. You don't impost tariffs. You
don't do this, You don't stand up to the globalists,
you don't stand up to Wall Street, you don't defend

(38:58):
Main Street.

Speaker 1 (38:59):
What the hell?

Speaker 2 (39:00):
Hey, we've been calling the shots for thirty years now,
who do you think you are?

Speaker 1 (39:06):
Now?

Speaker 2 (39:07):
Seventy countries and counting. And I don't mean not to
insult Mozambique. Okay, I'm not talking about Mozambique or Liechtenstein. Okay,
I'm not talking about very small, the entire European Union, Japan,
South Korea, Vietnam, Taiwan, Australia, one after another, they're all

(39:32):
lining up. His phone is really it's literally it's ringing
off the hook. Can we meet Donald? We want to
fly delegation, Donald, Donald, you misunderstand our tariffs. No, Donald, okay,
let's forget about the last twenty five years and how
much we've ripped you off. Donald, Let's make a deal.

(39:55):
Listen out to Trump roll cut two.

Speaker 1 (39:58):
Mike.

Speaker 6 (40:00):
I think we're going to do much better than that
this time, because this time I'm doing what I want
to do with respect to the tariffs. I think we're
going to do much better and just remember the numbers.
When you get up to two billion a day, two
billion a day.

Speaker 1 (40:12):
They're saying, sir, tip you that tenant.

Speaker 6 (40:14):
I said, yeah, I can. It's the biggest, the biggest
transaction ever made. This is bigger than any deal. You guys,
some of you work for companies. Your companies are peanuts.
I don't care how big they are compared. There's the
largest transaction in the history of our country. And don't
let some of these policies to go around and say,
you know, because I'm telling you, these countries are calling

(40:35):
us up, kissing my ass.

Speaker 1 (40:37):
They are, they are dying to make it to you.
Please please make it to you.

Speaker 6 (40:42):
I'll do anything.

Speaker 1 (40:43):
I'll do anything, sir.

Speaker 6 (40:45):
And then I'll see some rebel Republican, you know, some
guy that wants to grandstand say I think that Congress
should take over negotiations. Let me tell you, you don't
negotiate like I negotiate.

Speaker 1 (40:56):
I He's completely right.

Speaker 2 (40:58):
There's talk now among Republicans and Democrats to strip Trump's
authority to negotiate tariffs. They want these crooks in Congress,
the same ones that have sold us out for thirty years,
the idiots that gave US NAFTA, the idiots that gave
us the World Trade Organization, the idiots that gave us

(41:19):
China and most Preferred nation status. Okay, these idiots, they
who say no, no, we should be in the driver's
seat again. Oh so you could sell us out one
more time, Larry, my question to you, and you know
I'm playing devil's advocate because I'm with them a thousand,
not one hundred, one thousand percent to the gates of

(41:40):
Hell and back on this one, okay, because I think
it's that important for the world and for our country.
Many people do buy Chinese goods. It's a fact, especially
in this country. Many people have gotten addicted to cheap
goods from China. Their prices are going to go up.

(42:01):
It's gonna be short term pain. There's no question. Is
Trump going to face a political revolt at home because
he's now willing to go toe to toe with China.
Do you fear that many Americans will turn on China
once they start going to Walmart and they see their

(42:21):
iPhones going up, they see their video games going up,
they see their whatever, everything that they buy, everything that
they buy, everything starts.

Speaker 1 (42:33):
To go up.

Speaker 2 (42:34):
The sneakers are going up. The underwear is going up.
What everything? Electronics is going up. Their alarm clocks are
going to go up. Everything is going to go up
when they go to Walmart? Is Trump risking political collapse
at home in this trade war with China?

Speaker 1 (42:54):
Are you nervous? Are you anxious? Larry?

Speaker 5 (42:58):
Jeff? You give me so much to talk about? Oh
my god, throwing it all at me? Okay, really quick.
I think you meant Matt at Trump, not China in
that last statement. But that's fine. Why do they call
it an October surprise, Jeff?

Speaker 1 (43:12):
Because it happened just before the election.

Speaker 5 (43:14):
Why is that important?

Speaker 1 (43:15):
Because it influences the late people who are voting.

Speaker 5 (43:18):
So why don't they do it in August?

Speaker 1 (43:22):
Interesting?

Speaker 5 (43:23):
Where I'm going with this?

Speaker 1 (43:24):
Interesting.

Speaker 5 (43:25):
He's doing it now, right at the beginning, so he
can take all the arrows and then by the time
the midterms roll around, we're not going to be dealing
with this in two years or eighteen months. However you
want to couch it, that's all well and good. He's
doing a great job on articulating why he's doing this.
We as kuner country, as mega country, need to get

(43:50):
on board with this. Simple ways you would mention all
the fat cats in Washington getting rich, all the crooks
that want to take this back over. I would refer
people to to Peter Schweizer's book Hidden Empires, explained everything
about how much the politicians got rich Cowtown did China

(44:10):
at the expense of us. People will say, oh my god,
you're going to be paying so much more. My counter
for that is, oh, so you approve of slave labor
so you can have cheap stuff, because that's all it
is in China is slave labor. Just admit that you
approve of slave labor so you can get your sneakers cheap.

(44:31):
Like I said, before qt time's over, you have to
play hardball with these people. They were mocking Trump for
picking a couple countries that only have penguins.

Speaker 4 (44:45):
Well, that's great.

Speaker 5 (44:45):
The reason why they're doing that is because people are
using that country as a stepping point to get their terroriffs.
That's right, you know, And we can't let them. You'll
write the narrative. You have to be able to counter.
And that's the key to this. Like I said, I
don't this is not going to last for two years.
It can't. China economically is a paper tiger. It's all

(45:11):
a facade. They have invested in so much crappy real
estate in their own country. They've we have they have
no they have an accounting, but they don't have the
same Oh what am I trying to say? Where we
know how much money is being printed? They're flooding their
own country with fake printed money, kind of like our

(45:35):
quantitative easing. But they don't tell their people what they're doing.
They lie, and so they We're in a much even
though we're at thirty four to thirty five trillion in debt,
we're in a far better position to handle these blows
than China, ever is. They're on the break of economic disaster.

Speaker 2 (45:56):
Well, I agree, Larry, again, brilliant analysis. I agree. Their
economy is very brittle. They had a property market crisis.
They've got young people. Now listen to this, young people
in China twenty twenty five percent unemployment. Their economy is
in big trouble, and the only thing they have are
these exports. Know, the free access or the unrestricted access

(46:18):
to our market. You cut off that access, the Chinese
economy is going to crater. And remember the Chinese Communist
Party made a deal, a pact going back decades saying
you'll accept our totalitarian rule. We will be your dictator,
We will be your you know, your overlord. We will
control your life. But in exchange, we're going to give

(46:41):
you much better living standards, much better higher standard of living.

Speaker 1 (46:45):
You're all going to start getting more and more wealthy.

Speaker 2 (46:48):
Now, if the economy tanks because of this trade war,
and I'm telling you it will tank for China, You're
going to see a massive, massive political backlash. Jijinping is
gonna fall, and the Chinese Communist Party itself may fall.
And that's why I'm saying Trump may bring down communist

(47:09):
China the way Reagan brought down the Soviet Union without
firing a shot. Jijinping made the biggest mistake of his
entire life. And already the communist Chinese around him at
the leadership level, the Politburo are already there are talks

(47:30):
about overthrowing g The long knives are out because they're
asking him how do we win this? Because you're right, Larry,
they have no leverage over us because they've blocked us
out of their market. So what are you a fight?
You can put a million percent tariff, nobody buys any
American goods in China. So all that matters is with

(47:53):
this one hundred and four percent tariff, nobody's gonna buy
Chinese goods because now they're.

Speaker 1 (47:58):
Going to be too expensive.

Speaker 2 (47:59):
So who's China going to sell to India they don't
want Chinese goods. Vietnam they don't want Chinese goods, South Korea, Taiwan.

Speaker 1 (48:08):
You see, they've alienated all of their neighbors.