April 5, 2025 • 30 mins
-
Tariff Impositions:
- China imposed a 34% tariff on all US imports in retaliation for Trump's tariffs announced earlier.
- Previous tariffs included 15% on coal and liquified natural gas, and 10% on crude oil, agricultural machinery, and certain motor vehicles.
- China also implemented export controls on rare earth materials and halted poultry imports from certain US companies.
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Legal Actions:
- China filed a lawsuit with the World Trade Organization (WTO) against the US tariffs, claiming they violated WTO rules and damaged the international economic order.
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Economic Impact:
- The document discusses the potential impact on the stock market, with some seeing opportunities to buy stocks at a discount.
- Charles Payne from Fox Business and the Fed Chairman provided insights into the economic outlook, emphasizing solid growth and a stable labor market despite the trade tensions.
-
Political Reactions:
- President Trump dismissed China's retaliatory actions, asserting that Beijing panicked.
- The document highlights criticism from various media outlets and politicians, including San Antonio's mayor, who warned of the negative impact on American families.
-
Corporate Responses:
- Big retailers like Walmart expressed displeasure with Trump's tariffs, fearing higher costs for consumers.
- Ford's CEO discussed the company's readiness to increase US production and employment in response to the tariffs.
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Historical Context:
- The document references Nancy Pelosi's 1996 speech on trade deficits and tariffs with China, drawing parallels to Trump's actions.
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Job Market:
- Positive job numbers were reported, with 228,000 jobs added in March, suggesting a strong economy despite the trade war.
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International Negotiations:
- Vietnam and other countries were actively negotiating with the Trump administration to lower tariffs and reach better trade deals.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
China fighting back, imposing a thirty four percent tariff on
all US imports. The announcement coming on Friday morning that
they imposed that thirty four percent tariff on all US
goods in retaliation for President Donald Trump's Liberation Day tariffs
on Wednesday. The Chinese tariff hike is scheduled to take
(00:23):
effect on April tenth. The Chinese government said it had
filed the lawsuit with the World Trade Organization the WTO,
also over the Trump tariffs, saying, quote, the United States
imposition of so called reciprocal tariffs seriously violates WTO rules,
seriously damages the legitimate rights and interests of WTO members,
(00:44):
and seriously undermines the rules based multilateral trading system and
international economic and trade order, the Chinese Commerce Ministry said
in a statement announcing their retaliatory tariffs.
Speaker 2 (00:59):
Now.
Speaker 1 (00:59):
China obviously imposed a fifteen percent tariff on coal and
liquefied natural gas from the United States of America, as
well as a ten percent tariff on crude oil, agricultural machinery,
and certain motor vehicles as part of the escalating trade
war with the United States. The retaliatory actions on Friday
morning also included more export controls on rare earth materials,
(01:24):
which are vital to manufacturing products such as computer chips
and electric vehicles. The ev batteries are something that China
has a major impact on worldwide and in America. Also, more
US firms added to a list of companies under the
trade sanctions for exporting quote dual use products within military
(01:48):
applications that also in this retaliatory tariff. China on Friday
also halted poultry imports from two American companies. They claimed,
and this is not a joke, it was because of
quote banded drugs were detected in the chicken products that
they shipped to China. Pretty rich for a country that
(02:12):
created the well Luhan Corona virus.
Speaker 3 (02:16):
Of course, this is all I in retaliatory. I'm sure.
Speaker 1 (02:20):
China's Customs Administration also issued a separate statement it will
suspend imports of poultry meat and bone meal animal feed
from Mountain Air Farms of Delaware and three other American companies.
President Trump dismissed China's retaliatory actions, saying Beijing played it
wrong and panicked. After his tariffs were announced, Trump said
(02:45):
panicking was the one thing that they cannot afford to do. Now,
it's not all doom and gloom, but many in the
media are doing everything he can to try to use
this to tank Donald Trump. So what is the real
impact of a stock market that is obviously having a
significant change if you're looking at it, Yes, there is
quote panic from some others. However, are seeing a huge
(03:08):
opportunity to buy stocks at a major discount, so when
the market rebounds, it will be huge gains.
Speaker 3 (03:16):
Charles Pain at Fox.
Speaker 1 (03:17):
Business put it this way about what all this means interesting.
Speaker 4 (03:22):
Aspect of the stock market's reaction to quote unquote uncertainty.
When we approach a crosswalk, you know, particularly let's say
a woman out street, a street without traffic lights, there's
always additional risk, right then if there's heavy traffic, there's
even more risk, and then if it's rush hour, there's
even more risk.
Speaker 3 (03:39):
All of that adds up.
Speaker 4 (03:40):
To significant uncertainty, and in some cases we find an
alternative route. Of course, the stock markets the opposite, right,
The hints of this market are kennon to running into
that traffic head on during the height of rush hour.
In other words, folks, the market is acting with a
certainty that the corporate bottom lines are going to be slimmed.
So the question is for investors, at what point is
(04:00):
the damage so excessive that even though it doesn't feel
like the coast is clear, maybe it will be.
Speaker 5 (04:04):
Now.
Speaker 4 (04:05):
A lot of this comes down in the hopes that
with President Trump, maybe as far as that Trump put
that starting in the fad here, because well, listen, this
is just one of the posts from today. He remains
step fast. He says, ignore the markets. The boom will
come later. And a lot of sophisticated investors believe that
because it's worked over two hundred years, it's happened, But
in the midst of it, it does not feel that well.
Speaker 1 (04:25):
Now, Charles Pain isn't the only one saying that, Hey,
relaxed for a moment, and this is going to be
short term pain with major American goals of success, especially
for American workers down the road. Even the Fed chairman
was asked today about the economy, and what did he
say after some record job numbers came in.
Speaker 3 (04:47):
Here is his own words.
Speaker 6 (04:49):
The economy is still in a good place. The incoming
data show solid growth, a labor market in balance, and
inflation running much closer to but still above our two objective.
After a couple of years of solid growth, many forecasters
have anticipated somewhat slower growth this year. The initial reading
(05:09):
for first quarter GDP will be released later this month.
The limited hard data are consistent, though with a slower
but still solid growth outlook. At the same time, surveys
of households and businesses report dimming expectations and higher uncertainty
about the outlook. Survey respondents point to the effects of
the new federal policies, especially related to trade. We are
(05:33):
closely watching this tension between the hard and the soft data.
As the new policies and their likely economic effects become clearer,
we will have a better sense of their implications for
the economy and for monetary policy. Looking across many indicators,
the labor market appears to be broadly in balanced and
not a significant source of inflationary pressure. This morning's jobs
(05:56):
report showed the unemployment rate at four point two percent
in March, still in the low range where it is
held since early last year. Over the first quarters a quarter,
payrolls grew by an average of one hundred and fifty
thousand jobs per month. The combination of low layoffs, moderating
job growth and slowing labor force growth has kept the
(06:17):
unemployment rate broadly stable. Turning to the other leg of
our dual mandate, inflation has declined sharply from its pandemic
highs of mid twenty twenty two. It is done so
without the kind of painful rise in unemployment that has
often accompanied periods of tight monetary policy that are needed
to reduce inflation. More recently, progress toward our two percent
(06:40):
inflation objective has slowed. Total PCEE prices rose two point
five percent over the twelve months ending in February. Core
PCE prices, which exclude the volatile food and energy categories,
rose two point eight percent.
Speaker 1 (06:55):
So even the Fed Chairman Powe is saying, hey, our
economy is good, Our economy can handle this. With the
President's doing right now is something that is long overdue.
And yes, there are some short term hiccups here. And
this is where you have to trust the President of
United States of America. Now let's be very clear. Also,
the Democrats, I've gone all in to attack Donald Trump.
(07:18):
I'll give you a great example of this. On MSNBC,
the San Antonio mayor, on Trump's tariffs, said that America
will pay the brunt of the trade war that the
President is doing right now, and you should all be terrified.
Speaker 3 (07:33):
Fifty past the hour.
Speaker 2 (07:34):
Despite a promise to lower prices for struggling Americans, President
Trump's terrorists, as of right now, are expected to increase
the cost of everything from cars, tools, clothes, groceries, and
so many other things. Americans are already feeling the impact,
especially in cities where the local economies are defined by
international trade. According to one big city mayor, San Antonio's
(07:55):
mayor Ron Narrenberg, quote, international trade helped lift thousands of
San Antonio families into the middle class as our city
became the economic gateway to Mexico. Mayor Nierrenburg is with
us this afternoon. It's good to see Maeric. Thank you
for your time. I know that your city is the
seventh most populous city in the US. What are your
(08:16):
biggest concerns going forward?
Speaker 7 (08:18):
Well, my biggest concern going forward, Hose, is that at
the worst possible time, American families are going to be
the ones to pay for the brunt of this trade war.
We know that tariffs are our job killers and their
price increases for local consumers. And we know that you
know as a result of inflation that's occurred post pandemic.
(08:39):
American workers are already are already struggling at the grocery
aisle and everywhere else. We are fighting to continue the
economic recovery that it began a few years ago in
the soft landing that we achieved, and this is going
to send us back in reverse.
Speaker 1 (08:54):
So if you want to know who's rooting against the
American economy, just watch TV, MSNBE, CNN.
Speaker 3 (09:00):
They're all over this.
Speaker 1 (09:01):
It's telling you Donald Trump is ruining your life. In reality,
it is going to take some time before we see
major changes come. And the President knew this from the
very beginning. This is also something he's been talking about
and campaigned on that America was being taken advantage of,
and that's exactly why he's clearly saying we're gonna stay
(09:24):
the course.
Speaker 3 (09:25):
We also know now.
Speaker 1 (09:26):
That Vietnam has any emergency delegation in the US and
is already working with the White House as we speak
to get a deal done to lower the tariffs on
both sides.
Speaker 3 (09:37):
So if you think it's all doom and gloom, it's not.
Speaker 1 (09:39):
There are many people that are in other countries right
now that are already talking with the Trump administration to
get a better deal, and that better deal was for
all Americans, our workers, and our manufacturing. All right, So
let's talk real quick about what's actually happening in America
and the the purpose of these retaliatory tariffs or reciprocal tariffs,
(10:04):
however you want to describe it was to put American
workers first.
Speaker 3 (10:09):
Is that going to happen?
Speaker 1 (10:10):
Ford Motor Company was asked that exact question their CEO
on Fox Business with Stuart Varney, and I want you
to hear what the Ford CEO said, after Donald Trump's
twenty five percent tariffs on auto imports is in effect.
Listen carefully, Andrew, can you make can full produce a
(10:30):
car one hundred made in the United States?
Speaker 8 (10:35):
Wellow, Stuart, thanks for having me. I really appreciate it.
You know, Ford is a number America's number one auto manufacturer,
and we assemble more US vehicles and we employ more
US hourly autoworkers than any other OEM. And we want
to do more, not less, here in the US.
Speaker 6 (10:51):
Uh.
Speaker 8 (10:51):
You know, eighty percent of what we sell in the
US is assembled right here in the United States. And
it would be helpful to have certain parts here in
the US, and the White House gets that's that.
Speaker 4 (11:00):
So, yeah, how long would it take for you to
be able to make all the pots in the United States?
Speaker 8 (11:07):
Well, like I said, we already assemble eighty percent of
our vehicles right here in the US, including the UP
one fifty which is actually rolling down the assembly line
right behind me here at Dearborn Truck. So relatively speaking,
we're in a good position. But we're in a complex
industry relying on a lot of different suppliers, and we
need to ensure that we have the right supply chain
ecosystem in place here in the US to do so.
(11:30):
And we're working with the administration to get clarity on
parts to grow jobs here in the US for us
to be able to do that.
Speaker 1 (11:35):
You listen to what the president there CEO of Ford
is saying, and he's like, we're ready to go. This
also means that we're hiring, that we're getting more people
asap in to Ford to be able to do what
we think we're going to have happen because of these tariffs.
Speaker 3 (11:52):
That is good news again for the American worker.
Speaker 1 (11:55):
Now you look at what Donald trum Trump said, and
what he said was this is going to be something
we're going to have to fight.
Speaker 3 (12:02):
You also have to ask yourself this question, is the.
Speaker 1 (12:05):
President doing the right thing, especially in reaction to what
big retailers are saying like Walmart. Big retailers are saying
that they are well not happy. They're announcing publicly their
displeasure with President Trump and is America's first policy every
civical tariffs on Wednesday when Trump said it was Liberation Day,
(12:28):
while the big box stores are saying not for their
bottom line, many would think the Corporate America, hoping to
better the nation's workers.
Speaker 3 (12:35):
I say that tongue in.
Speaker 1 (12:36):
Cheek would embrace the trade policies that would put America
on a more even footing with its trading partners. Given
that Corporate America had embraced his America First agenda back
in January, well guess what they really don't care about
American workers.
Speaker 3 (12:51):
They care about their bottom line.
Speaker 1 (12:53):
Walmart CEO met with Trump in January ahead of his inauguration,
with a Walmart spokeman Foksmen saying quote, we stand ready
to help move our country forward. Many of America's business
leaders congratulated Trump on his election last November. Many of
them attending the inauguration and met with the president before
its term in office even started. In March, Trump even
(13:16):
met with these CEOs at a business roundtable and non Parson,
DC based Economic Advocacy Group comprise the more than two
hundred CEOs. Despite what seemed like the apparent embrace between
corporate Americans and Trump, it has become clear that the
National Retail Federation known as NRF no longer backs his
America First policies. Upon announcing these reciprocal tariffs, the NRF
(13:41):
releases statement from its executive vice president of Governmental Relations
contending that more tariffs lead to higher costs for American families, saying, quote,
tariffs are a tax paid by the US importer that
will be passed along to the end consumer. Tariffs will
not be paid by foreign countries or suppliers. The whole
point is that you start making in America so you
don't have to pay the tariffs. That's what clearly Donald
(14:04):
Trump's trying to do. But David French saying no, that's
not the case. We just need you to make this
all go back to how it was before. We want
cheap goods at a cheap price, and we don't care
about American workers. Well, despite the frequent claims from anti
tariff advocates, economists of the Federal Reserve and the National
Bureau of Economic Research found minimal pass through into the
(14:27):
broad inflation. Breitbart News also reporting this, saying that right now,
it looks like the people that are the most mad
are those that have been getting rich off of foreign
workers who are actually living terrible lives in their countries.
They don't care about building back America or building American jobs.
They just want cheap goods from cheap labor, and they
(14:48):
don't want it to be from America. Well, Big Retail
is America first in name only. Apparently after witnessing what
these CEOs are now saying publicly, companies like Walmart are
not happy.
Speaker 3 (15:03):
So if the last.
Speaker 1 (15:04):
Twenty four to forty eight hours have taught us anything
it's that the magabase is growing and corporate America can
no longer ignore us.
Speaker 3 (15:11):
That's number one.
Speaker 1 (15:12):
But number two these companies, they're digging in against Trump
because they want to make maximum profits no matter what
happens to American workers. MAGA voters clearly chose in November
that they didn't want an administration that would continue to
abandon them. And there are many Republican operatives, by the way,
in Washington, d c. That have no problem working now
(15:35):
to undermine Donald Trump. Now, I go back to what
jd Vance said quote. So, for forty years, America has
been the piggy bank of the world. Not only that
we absorb all of the ridiculous trade practices and economic
practices of friend and foe alike. For the first time
in probably forty years, we have an American president who's
(15:56):
saying no more, that it's not going to work. He's
not going to allow America to be taken advantage of
any more. You've already seen a number of American manufacturers
and a number of foreign manufacturers who are saying they're
going to build or expand plants in America. That means
more workers with good middle class jobs. That means more
(16:18):
self sufficientcy in the United States of America. Again, it
can't happen unless you have a president who fights back
against these ridiculous trade policies. Finally, we have a president
who's doing exactly that now, Van saying this in the
Rose Guard event the White House, making it clear that
we're not going to back down and that America he
(16:40):
believes has more than enough leverage to.
Speaker 3 (16:43):
Change the game.
Speaker 1 (16:45):
Many supporters, by the way of the President, are saying,
give it its time, it needs Nothing is going to
be fixed in a number of hours or days. But
I go back to how many countries are now reaching
out to the Trump administration saying, we want to sit down,
we want to have a conversation, we want to get
a deal done. We already know that Vietnam loaded up
(17:08):
their plane and went to America.
Speaker 3 (17:10):
They are now sitting in Washington having meetings.
Speaker 1 (17:13):
Right now trying to work out a deal when it
comes to something that both sides can live with. And
there's many other countries that are staring at Vietnam and
watching to see what happens now. This also all comes
as there's some good news. Job numbers crushed expectations with
two hundred and twenty eight thousand jobs added in March,
(17:36):
as Trump's economy defies the critics. This was not the
news the media or the left wanted to hear, because
employers in the United States of America added two hundred
and twenty eight thousand workers to their payroll in March,
the Department of Labor said on Friday, and the unemployment
rate inched up to four point two percent. Economists had
been expecting only one hundred and forty thousand jobs would
(17:58):
be added in March. The climate the unemployment rate was
also expected. Now, the private sector's hiring was much stronger
than anyone expected, including the Trump administration. Economists had forecast
about one hundred and fifteen thousand jobs.
Speaker 3 (18:13):
Businesses added two hundred nine.
Speaker 1 (18:14):
Thousand jobs, and the workforce participation rate climbed from sixty
two point four percent to sixty two point five percent.
The average workweek lengthened, a sign of increased demand for
labor as well. Average hourly earnings rose zero point three
percent compared with February and three point eight percent compared
(18:35):
with one year ago when the Biden regime was in charge.
So what does this mean. It means the economy is
actually strong. The strong job numbers is the latest piece
of economic data suggesting the economy remains on a solid footing,
just like you heard from the Treasury Secretary earlier, despite
surveys showing quote gloomy consumer sentiment, rising policy uncertainty, and
(19:01):
businesses that are weary of future economic conditions. At the
end of the day, Donald Trump said, give it its time,
it needs to work, and we're also adding record jobs
right now during a time when everyone else said it
was impossible.
Speaker 3 (19:15):
So I'll say this yet again. I think what Donald
Trump is.
Speaker 1 (19:18):
Doing right now is a very smart game of negotiations
with many powers around the world that cannot hang on
as long as America can to win, and that is
exactly why so many Americans will end up winning at
the end of the day. Let me also just give
you a perfect example of what I mean by Donald
(19:40):
Trump is doing the hard thing, okay, the hard thing
that others are not willing to do. And let me
also just give you a perspective for a second. You
know what Mexico's economic policies are Mexico first. You know
what Canada's economic policies are, Canada first.
Speaker 3 (20:03):
Do you know what.
Speaker 1 (20:04):
China's economic policies are China first. You know what India's
economic policy is, India first. So the question is to me,
why shouldn't America's economic policies be specifically America first?
Speaker 3 (20:22):
Like that?
Speaker 1 (20:23):
That is the question that so many people should be
asking right now. This should be a very simple America
first policy. That is what Donald Trump is trying to
shepherd in here. And by the way, there's a lot
of people in Congress that used to agree with this,
but then they decided, for either corruption reasons or lobbyist reasons,
(20:47):
or they just decide to woos out and put America
second and everybody else.
Speaker 3 (20:51):
First, that they were going to change their minds.
Speaker 1 (20:55):
I'm going to take you back to nineteen ninety six,
and I'm going to play for you what Nancy Pelosi
said back in nineteen ninety six speaking on the issue
of tariffs and the trade deficit in nineteen ninety six
with China. Almost all the Democrats out there are hypocrites.
(21:16):
They're wanting the sky to fall, They're wanting you to
abandon Trump. They don't ever want to do the hard thing.
They never want to do the hard thing. So I
want you to hear and listen and listen to Nancy
Pelosi in nineteen ninety six on the four of the
House lose her mind over China, the trade deficit and
the issue of tariffs.
Speaker 5 (21:35):
How far does China have to go? How much more repression,
how big a trade deficit and loss of jobs for
the American worker, and how much more dangerous proliferation has
to exist before members of this House of Representatives will
say I will not endorse the status quo.
Speaker 3 (21:56):
By the way, I like this Nancy Pelosi. I want
to be clear about this.
Speaker 1 (21:59):
This is before she became an insider trading woman who
just said I'm going to get rich and I'm going
to sell out America to China into other countries. This
is when I actually think she thought she was serving
the people. She's abandoned that for the last what thirty years,
But in nineteen ninety six, this is pretty good stuff
(22:19):
from Nancy Pelosi. Keep listening.
Speaker 5 (22:22):
As I mentioned, it's about jobs, proliferation, and human rights.
And there are those who say we shouldn't link human
rights in trade and proliferation and trade. I disagree. But
if we just want to take up this issue on
the basis of economics alone, indeed, China should not receive
Most Favored Nation status for several reasons that I'd like
(22:42):
to go into now. I'd like to call the attention
of our colleagues to this chart on the status quo
that the business community is asking each and every one
of you, to each and every one of us to
endorse today. Right now, we have a thirty four billion
dollar trade deficit with China ninety five figure it will
(23:02):
be over forty billion dollars for nineteen ninety six. Since
the Tenement Square massacre, this figure has increased one thousand
percent from three and a half billion then to about
thirty four billion dollars now. In terms of tariffs, it's
think it's interesting to note that the average US MFN
tariff on Chinese goods coming into the United States is
(23:24):
two percent, whereas the average Chinese MFF tariff on US
goods going into China is thirty five percent. Is that reciprocal?
Speaker 1 (23:34):
Nancy Pelusi in nineteen ninety six is saying the exact
same thing that Donald Trump said at the White House yesterday.
Is that reciprocal average US tariff on Chinese goods two percent,
average Chinese tariff on US goods thirty five percent.
Speaker 3 (23:54):
Keep listening.
Speaker 1 (23:55):
This is Nancy Pelosi ninety six actually saying the honest
and right thing before she sold out on exports.
Speaker 5 (24:03):
China only allows certain industries into China of US industries
into China, and therefore only two percent of US exports
are allowed into China. On the other hand, the US
allows China to flood our markets with thirty a third
of their exports, and that'll probably go over forty percent.
And it's limitless because we have not placed any restriction
(24:25):
in terms of jobs. This is the biggest and cruelest
hoax of all. Not only do we not have market access,
not only do they have prohibitive tariffs, not only are
our exports not let in very specifically, but China benefits.
Speaker 3 (24:41):
With at least at least ten.
Speaker 5 (24:44):
Million jobs from US China trade. The President and his
statement requesting this special waiver said that it China trade
supports one hundred and seventy thousand jobs in the United
States one hundred and seventy thousand jobs, whereas our imports
from China support ten million jobs at least. The fact
(25:07):
is that that US China trade is a job loser,
and one of the reasons that it is is because
in order well first, let me just make another point,
and that is that our colleagues on the other side
of this issue will say the trade with China, exports
to China have increased three times in the last ten years.
They have, but they failed to mention that exports imports
(25:29):
from China have increased eleven times, thereby leading to this
huge trade deficit.
Speaker 1 (25:35):
I go back to back in ninety six, when Nancy
Pelosi was saying this, she truly was sounding the alarm
that China was taking advantage of America and it was
catastrophic to the American worker, and it was catastrophic to
our industries and to manufacturing, and it was costing American jobs.
(25:57):
And the trade deficit was insane, and the tear griffs
were insane that we were dealing with compared to what
we compared to what we were putting on them. And
guess what, it's not gotten any better since ninety six.
So if the problem was this bad in nineteen ninety six,
then put it into perspective about how bad the problem
is in twenty twenty five. You want to know why
(26:19):
Donald Trump is doing this. This is why Donald Trump
is doing this because it has been this bad for
thirty plus years, and nobody has had the cojones to
deal with this issue. For one reason, they didn't want
to upset the apple cart. They didn't want to lose
their approval rating. They didn't want to have a moment
(26:43):
where it things may get tough for a little bit
and have to go out there and explain it to
American people. So what did their advisors say, Hey, don't
touch that, just kick it down the road. You don't
want to go to war on this stuff. You don't
want to deal with US tariffs. You don't want to
deal with China directly. You don't want to. And by
the way, China, despite US tariffs, this is important. China
is currently leading the world in automobile production and exports.
Speaker 3 (27:07):
They're the king.
Speaker 1 (27:08):
We allow them to be the king, and they killed
American jobs in the process.
Speaker 3 (27:15):
They are the.
Speaker 1 (27:17):
King, and everybody knows it. China knows it more than anybody.
China understands it more than anyone. China understands just how
easy it is to take advantage of America because they
knew that we had a bunch of wisses. Why do
(27:38):
you think the last administration didn't do anything? Well, One,
they were compromised by China. We know that from the
Biden crime family. They were on the take, so they
were able to buy off the last administration. Like, doing
great things is.
Speaker 3 (27:48):
Hard, you look at where we are right now. Border
is now closed. That was hard.
Speaker 1 (27:54):
MS thirteen and the TDA gang are being deported that's hard.
No more men and womens. Still a fight going on.
Democrats standing up. That's a hard thing. Food price is
going down. That's a good thing, but it's been a
hard thing. Gas price is going down. That's a good thing.
It's also been a hard thing. Housing is becoming more affordable.
That was a good thing. It's a hard thing to
(28:15):
deal with. Inflation going down. Egg price is going down
five trillion, and new investments in America from companies, no
more DII, hundreds of billions of governments spending. Fraud has
been stopped through DOGE, and there are countries, yes today
that are removing tariffs against the US. Part of this
is you've got to understand that when this happens, okay,
(28:41):
it is if it nothing that is grand.
Speaker 3 (28:44):
Or great usually is easy.
Speaker 1 (28:47):
When we've been taking advantage of and this has become
the status quo, and we keep bowing down and looking
the other way. For the last thirty years, more than that,
thirty five, thirty six to thirty seven years, China's been
like just beating the you know what out of US,
and other countries looked at China and they're like, hey,
we can do this too. There were some countries that
(29:08):
were inspired by China. By the way, there really were.
There was a lot of countries that were inspired by China,
and they're like, if China can get away with this hell,
then maybe we can get away with us too. Maybe
we can maybe we can do the same thing. And
so they learned from this. They learned from watching, They
(29:30):
learned from sitting there and going America's not.
Speaker 3 (29:33):
Doing anything stuff. This is China. Why don't we get
on the action.
Speaker 1 (29:35):
Why do you think it got so out of whack
with all the numbers that Donald Trump said earlier that
I presented to you, they got out of whack because
they watched and they realized that America was not willing
to fight back. And so was the President saying, now
I'm not screwing around. I'm standing up for the American worker.
And this is a thirty five forty year chiropractic adjustment.
(29:57):
It's gonna be hard, but it's an adjustment that should
have happened back in nineteen ninety six when Nancy Pelosi
was talking about it. So to everybody out there that's
going crazy over this, just know, calm down and let
it run its course. Okay, Like, let it run its course.
This isn't just about products made in America. The Chinese
(30:19):
want American products that are made in China. The transfer
of the technology and the transfer of the jobs has
taken place. Those are Nancy Pelosi's exact words in ninety six,
and they said exactly like Donald Trump's words in twenty
twenty five. Don't forget Share this podcast please on social
media wherever you're listening, Grab it, hit that auto button,
(30:42):
that forward button, share it. Put it out there so
other people can find this show. Without you guys doing that,
we don't get new audience members. So if you want
to help fight back against what we're exposing, share it
on social media.
Speaker 3 (30:53):
I'll see you back here tomorrow.
China fighting back, imposing a thirty four percent tariff on
all US imports. The announcement coming on Friday morning that
they imposed that thirty four percent tariff on all US
goods in retaliation for President Donald Trump's Liberation Day tariffs
on Wednesday. The Chinese tariff hike is scheduled to take
(00:23):
effect on April tenth. The Chinese government said it had
filed the lawsuit with the World Trade Organization the WTO,
also over the Trump tariffs, saying, quote, the United States
imposition of so called reciprocal tariffs seriously violates WTO rules,
seriously damages the legitimate rights and interests of WTO members,
(00:44):
and seriously undermines the rules based multilateral trading system and
international economic and trade order, the Chinese Commerce Ministry said
in a statement announcing their retaliatory tariffs.
Speaker 2 (00:59):
Now.
Speaker 1 (00:59):
China obviously imposed a fifteen percent tariff on coal and
liquefied natural gas from the United States of America, as
well as a ten percent tariff on crude oil, agricultural machinery,
and certain motor vehicles as part of the escalating trade
war with the United States. The retaliatory actions on Friday
morning also included more export controls on rare earth materials,
(01:24):
which are vital to manufacturing products such as computer chips
and electric vehicles. The ev batteries are something that China
has a major impact on worldwide and in America. Also, more
US firms added to a list of companies under the
trade sanctions for exporting quote dual use products within military
(01:48):
applications that also in this retaliatory tariff. China on Friday
also halted poultry imports from two American companies. They claimed,
and this is not a joke, it was because of
quote banded drugs were detected in the chicken products that
they shipped to China. Pretty rich for a country that
(02:12):
created the well Luhan Corona virus.
Speaker 3 (02:16):
Of course, this is all I in retaliatory. I'm sure.
Speaker 1 (02:20):
China's Customs Administration also issued a separate statement it will
suspend imports of poultry meat and bone meal animal feed
from Mountain Air Farms of Delaware and three other American companies.
President Trump dismissed China's retaliatory actions, saying Beijing played it
wrong and panicked. After his tariffs were announced, Trump said
(02:45):
panicking was the one thing that they cannot afford to do. Now,
it's not all doom and gloom, but many in the
media are doing everything he can to try to use
this to tank Donald Trump. So what is the real
impact of a stock market that is obviously having a
significant change if you're looking at it, Yes, there is
quote panic from some others. However, are seeing a huge
(03:08):
opportunity to buy stocks at a major discount, so when
the market rebounds, it will be huge gains.
Speaker 3 (03:16):
Charles Pain at Fox.
Speaker 1 (03:17):
Business put it this way about what all this means interesting.
Speaker 4 (03:22):
Aspect of the stock market's reaction to quote unquote uncertainty.
When we approach a crosswalk, you know, particularly let's say
a woman out street, a street without traffic lights, there's
always additional risk, right then if there's heavy traffic, there's
even more risk, and then if it's rush hour, there's
even more risk.
Speaker 3 (03:39):
All of that adds up.
Speaker 4 (03:40):
To significant uncertainty, and in some cases we find an
alternative route. Of course, the stock markets the opposite, right,
The hints of this market are kennon to running into
that traffic head on during the height of rush hour.
In other words, folks, the market is acting with a
certainty that the corporate bottom lines are going to be slimmed.
So the question is for investors, at what point is
(04:00):
the damage so excessive that even though it doesn't feel
like the coast is clear, maybe it will be.
Speaker 5 (04:04):
Now.
Speaker 4 (04:05):
A lot of this comes down in the hopes that
with President Trump, maybe as far as that Trump put
that starting in the fad here, because well, listen, this
is just one of the posts from today. He remains
step fast. He says, ignore the markets. The boom will
come later. And a lot of sophisticated investors believe that
because it's worked over two hundred years, it's happened, But
in the midst of it, it does not feel that well.
Speaker 1 (04:25):
Now, Charles Pain isn't the only one saying that, Hey,
relaxed for a moment, and this is going to be
short term pain with major American goals of success, especially
for American workers down the road. Even the Fed chairman
was asked today about the economy, and what did he
say after some record job numbers came in.
Speaker 3 (04:47):
Here is his own words.
Speaker 6 (04:49):
The economy is still in a good place. The incoming
data show solid growth, a labor market in balance, and
inflation running much closer to but still above our two objective.
After a couple of years of solid growth, many forecasters
have anticipated somewhat slower growth this year. The initial reading
(05:09):
for first quarter GDP will be released later this month.
The limited hard data are consistent, though with a slower
but still solid growth outlook. At the same time, surveys
of households and businesses report dimming expectations and higher uncertainty
about the outlook. Survey respondents point to the effects of
the new federal policies, especially related to trade. We are
(05:33):
closely watching this tension between the hard and the soft data.
As the new policies and their likely economic effects become clearer,
we will have a better sense of their implications for
the economy and for monetary policy. Looking across many indicators,
the labor market appears to be broadly in balanced and
not a significant source of inflationary pressure. This morning's jobs
(05:56):
report showed the unemployment rate at four point two percent
in March, still in the low range where it is
held since early last year. Over the first quarters a quarter,
payrolls grew by an average of one hundred and fifty
thousand jobs per month. The combination of low layoffs, moderating
job growth and slowing labor force growth has kept the
(06:17):
unemployment rate broadly stable. Turning to the other leg of
our dual mandate, inflation has declined sharply from its pandemic
highs of mid twenty twenty two. It is done so
without the kind of painful rise in unemployment that has
often accompanied periods of tight monetary policy that are needed
to reduce inflation. More recently, progress toward our two percent
(06:40):
inflation objective has slowed. Total PCEE prices rose two point
five percent over the twelve months ending in February. Core
PCE prices, which exclude the volatile food and energy categories,
rose two point eight percent.
Speaker 1 (06:55):
So even the Fed Chairman Powe is saying, hey, our
economy is good, Our economy can handle this. With the
President's doing right now is something that is long overdue.
And yes, there are some short term hiccups here. And
this is where you have to trust the President of
United States of America. Now let's be very clear. Also,
the Democrats, I've gone all in to attack Donald Trump.
(07:18):
I'll give you a great example of this. On MSNBC,
the San Antonio mayor, on Trump's tariffs, said that America
will pay the brunt of the trade war that the
President is doing right now, and you should all be terrified.
Speaker 3 (07:33):
Fifty past the hour.
Speaker 2 (07:34):
Despite a promise to lower prices for struggling Americans, President
Trump's terrorists, as of right now, are expected to increase
the cost of everything from cars, tools, clothes, groceries, and
so many other things. Americans are already feeling the impact,
especially in cities where the local economies are defined by
international trade. According to one big city mayor, San Antonio's
(07:55):
mayor Ron Narrenberg, quote, international trade helped lift thousands of
San Antonio families into the middle class as our city
became the economic gateway to Mexico. Mayor Nierrenburg is with
us this afternoon. It's good to see Maeric. Thank you
for your time. I know that your city is the
seventh most populous city in the US. What are your
(08:16):
biggest concerns going forward?
Speaker 7 (08:18):
Well, my biggest concern going forward, Hose, is that at
the worst possible time, American families are going to be
the ones to pay for the brunt of this trade war.
We know that tariffs are our job killers and their
price increases for local consumers. And we know that you
know as a result of inflation that's occurred post pandemic.
(08:39):
American workers are already are already struggling at the grocery
aisle and everywhere else. We are fighting to continue the
economic recovery that it began a few years ago in
the soft landing that we achieved, and this is going
to send us back in reverse.
Speaker 1 (08:54):
So if you want to know who's rooting against the
American economy, just watch TV, MSNBE, CNN.
Speaker 3 (09:00):
They're all over this.
Speaker 1 (09:01):
It's telling you Donald Trump is ruining your life. In reality,
it is going to take some time before we see
major changes come. And the President knew this from the
very beginning. This is also something he's been talking about
and campaigned on that America was being taken advantage of,
and that's exactly why he's clearly saying we're gonna stay
(09:24):
the course.
Speaker 3 (09:25):
We also know now.
Speaker 1 (09:26):
That Vietnam has any emergency delegation in the US and
is already working with the White House as we speak
to get a deal done to lower the tariffs on
both sides.
Speaker 3 (09:37):
So if you think it's all doom and gloom, it's not.
Speaker 1 (09:39):
There are many people that are in other countries right
now that are already talking with the Trump administration to
get a better deal, and that better deal was for
all Americans, our workers, and our manufacturing. All right, So
let's talk real quick about what's actually happening in America
and the the purpose of these retaliatory tariffs or reciprocal tariffs,
(10:04):
however you want to describe it was to put American
workers first.
Speaker 3 (10:09):
Is that going to happen?
Speaker 1 (10:10):
Ford Motor Company was asked that exact question their CEO
on Fox Business with Stuart Varney, and I want you
to hear what the Ford CEO said, after Donald Trump's
twenty five percent tariffs on auto imports is in effect.
Listen carefully, Andrew, can you make can full produce a
(10:30):
car one hundred made in the United States?
Speaker 8 (10:35):
Wellow, Stuart, thanks for having me. I really appreciate it.
You know, Ford is a number America's number one auto manufacturer,
and we assemble more US vehicles and we employ more
US hourly autoworkers than any other OEM. And we want
to do more, not less, here in the US.
Speaker 6 (10:51):
Uh.
Speaker 8 (10:51):
You know, eighty percent of what we sell in the
US is assembled right here in the United States. And
it would be helpful to have certain parts here in
the US, and the White House gets that's that.
Speaker 4 (11:00):
So, yeah, how long would it take for you to
be able to make all the pots in the United States?
Speaker 8 (11:07):
Well, like I said, we already assemble eighty percent of
our vehicles right here in the US, including the UP
one fifty which is actually rolling down the assembly line
right behind me here at Dearborn Truck. So relatively speaking,
we're in a good position. But we're in a complex
industry relying on a lot of different suppliers, and we
need to ensure that we have the right supply chain
ecosystem in place here in the US to do so.
(11:30):
And we're working with the administration to get clarity on
parts to grow jobs here in the US for us
to be able to do that.
Speaker 1 (11:35):
You listen to what the president there CEO of Ford
is saying, and he's like, we're ready to go. This
also means that we're hiring, that we're getting more people
asap in to Ford to be able to do what
we think we're going to have happen because of these tariffs.
Speaker 3 (11:52):
That is good news again for the American worker.
Speaker 1 (11:55):
Now you look at what Donald trum Trump said, and
what he said was this is going to be something
we're going to have to fight.
Speaker 3 (12:02):
You also have to ask yourself this question, is the.
Speaker 1 (12:05):
President doing the right thing, especially in reaction to what
big retailers are saying like Walmart. Big retailers are saying
that they are well not happy. They're announcing publicly their
displeasure with President Trump and is America's first policy every
civical tariffs on Wednesday when Trump said it was Liberation Day,
(12:28):
while the big box stores are saying not for their
bottom line, many would think the Corporate America, hoping to
better the nation's workers.
Speaker 3 (12:35):
I say that tongue in.
Speaker 1 (12:36):
Cheek would embrace the trade policies that would put America
on a more even footing with its trading partners. Given
that Corporate America had embraced his America First agenda back
in January, well guess what they really don't care about
American workers.
Speaker 3 (12:51):
They care about their bottom line.
Speaker 1 (12:53):
Walmart CEO met with Trump in January ahead of his inauguration,
with a Walmart spokeman Foksmen saying quote, we stand ready
to help move our country forward. Many of America's business
leaders congratulated Trump on his election last November. Many of
them attending the inauguration and met with the president before
its term in office even started. In March, Trump even
(13:16):
met with these CEOs at a business roundtable and non Parson,
DC based Economic Advocacy Group comprise the more than two
hundred CEOs. Despite what seemed like the apparent embrace between
corporate Americans and Trump, it has become clear that the
National Retail Federation known as NRF no longer backs his
America First policies. Upon announcing these reciprocal tariffs, the NRF
(13:41):
releases statement from its executive vice president of Governmental Relations
contending that more tariffs lead to higher costs for American families, saying, quote,
tariffs are a tax paid by the US importer that
will be passed along to the end consumer. Tariffs will
not be paid by foreign countries or suppliers. The whole
point is that you start making in America so you
don't have to pay the tariffs. That's what clearly Donald
(14:04):
Trump's trying to do. But David French saying no, that's
not the case. We just need you to make this
all go back to how it was before. We want
cheap goods at a cheap price, and we don't care
about American workers. Well, despite the frequent claims from anti
tariff advocates, economists of the Federal Reserve and the National
Bureau of Economic Research found minimal pass through into the
(14:27):
broad inflation. Breitbart News also reporting this, saying that right now,
it looks like the people that are the most mad
are those that have been getting rich off of foreign
workers who are actually living terrible lives in their countries.
They don't care about building back America or building American jobs.
They just want cheap goods from cheap labor, and they
(14:48):
don't want it to be from America. Well, Big Retail
is America first in name only. Apparently after witnessing what
these CEOs are now saying publicly, companies like Walmart are
not happy.
Speaker 3 (15:03):
So if the last.
Speaker 1 (15:04):
Twenty four to forty eight hours have taught us anything
it's that the magabase is growing and corporate America can
no longer ignore us.
Speaker 3 (15:11):
That's number one.
Speaker 1 (15:12):
But number two these companies, they're digging in against Trump
because they want to make maximum profits no matter what
happens to American workers. MAGA voters clearly chose in November
that they didn't want an administration that would continue to
abandon them. And there are many Republican operatives, by the way,
in Washington, d c. That have no problem working now
(15:35):
to undermine Donald Trump. Now, I go back to what
jd Vance said quote. So, for forty years, America has
been the piggy bank of the world. Not only that
we absorb all of the ridiculous trade practices and economic
practices of friend and foe alike. For the first time
in probably forty years, we have an American president who's
(15:56):
saying no more, that it's not going to work. He's
not going to allow America to be taken advantage of
any more. You've already seen a number of American manufacturers
and a number of foreign manufacturers who are saying they're
going to build or expand plants in America. That means
more workers with good middle class jobs. That means more
(16:18):
self sufficientcy in the United States of America. Again, it
can't happen unless you have a president who fights back
against these ridiculous trade policies. Finally, we have a president
who's doing exactly that now, Van saying this in the
Rose Guard event the White House, making it clear that
we're not going to back down and that America he
(16:40):
believes has more than enough leverage to.
Speaker 3 (16:43):
Change the game.
Speaker 1 (16:45):
Many supporters, by the way of the President, are saying,
give it its time, it needs Nothing is going to
be fixed in a number of hours or days. But
I go back to how many countries are now reaching
out to the Trump administration saying, we want to sit down,
we want to have a conversation, we want to get
a deal done. We already know that Vietnam loaded up
(17:08):
their plane and went to America.
Speaker 3 (17:10):
They are now sitting in Washington having meetings.
Speaker 1 (17:13):
Right now trying to work out a deal when it
comes to something that both sides can live with. And
there's many other countries that are staring at Vietnam and
watching to see what happens now. This also all comes
as there's some good news. Job numbers crushed expectations with
two hundred and twenty eight thousand jobs added in March,
(17:36):
as Trump's economy defies the critics. This was not the
news the media or the left wanted to hear, because
employers in the United States of America added two hundred
and twenty eight thousand workers to their payroll in March,
the Department of Labor said on Friday, and the unemployment
rate inched up to four point two percent. Economists had
been expecting only one hundred and forty thousand jobs would
(17:58):
be added in March. The climate the unemployment rate was
also expected. Now, the private sector's hiring was much stronger
than anyone expected, including the Trump administration. Economists had forecast
about one hundred and fifteen thousand jobs.
Speaker 3 (18:13):
Businesses added two hundred nine.
Speaker 1 (18:14):
Thousand jobs, and the workforce participation rate climbed from sixty
two point four percent to sixty two point five percent.
The average workweek lengthened, a sign of increased demand for
labor as well. Average hourly earnings rose zero point three
percent compared with February and three point eight percent compared
(18:35):
with one year ago when the Biden regime was in charge.
So what does this mean. It means the economy is
actually strong. The strong job numbers is the latest piece
of economic data suggesting the economy remains on a solid footing,
just like you heard from the Treasury Secretary earlier, despite
surveys showing quote gloomy consumer sentiment, rising policy uncertainty, and
(19:01):
businesses that are weary of future economic conditions. At the
end of the day, Donald Trump said, give it its time,
it needs to work, and we're also adding record jobs
right now during a time when everyone else said it
was impossible.
Speaker 3 (19:15):
So I'll say this yet again. I think what Donald
Trump is.
Speaker 1 (19:18):
Doing right now is a very smart game of negotiations
with many powers around the world that cannot hang on
as long as America can to win, and that is
exactly why so many Americans will end up winning at
the end of the day. Let me also just give
you a perfect example of what I mean by Donald
(19:40):
Trump is doing the hard thing, okay, the hard thing
that others are not willing to do. And let me
also just give you a perspective for a second. You
know what Mexico's economic policies are Mexico first. You know
what Canada's economic policies are, Canada first.
Speaker 3 (20:03):
Do you know what.
Speaker 1 (20:04):
China's economic policies are China first. You know what India's
economic policy is, India first. So the question is to me,
why shouldn't America's economic policies be specifically America first?
Speaker 3 (20:22):
Like that?
Speaker 1 (20:23):
That is the question that so many people should be
asking right now. This should be a very simple America
first policy. That is what Donald Trump is trying to
shepherd in here. And by the way, there's a lot
of people in Congress that used to agree with this,
but then they decided, for either corruption reasons or lobbyist reasons,
(20:47):
or they just decide to woos out and put America
second and everybody else.
Speaker 3 (20:51):
First, that they were going to change their minds.
Speaker 1 (20:55):
I'm going to take you back to nineteen ninety six,
and I'm going to play for you what Nancy Pelosi
said back in nineteen ninety six speaking on the issue
of tariffs and the trade deficit in nineteen ninety six
with China. Almost all the Democrats out there are hypocrites.
(21:16):
They're wanting the sky to fall, They're wanting you to
abandon Trump. They don't ever want to do the hard thing.
They never want to do the hard thing. So I
want you to hear and listen and listen to Nancy
Pelosi in nineteen ninety six on the four of the
House lose her mind over China, the trade deficit and
the issue of tariffs.
Speaker 5 (21:35):
How far does China have to go? How much more repression,
how big a trade deficit and loss of jobs for
the American worker, and how much more dangerous proliferation has
to exist before members of this House of Representatives will
say I will not endorse the status quo.
Speaker 3 (21:56):
By the way, I like this Nancy Pelosi. I want
to be clear about this.
Speaker 1 (21:59):
This is before she became an insider trading woman who
just said I'm going to get rich and I'm going
to sell out America to China into other countries. This
is when I actually think she thought she was serving
the people. She's abandoned that for the last what thirty years,
But in nineteen ninety six, this is pretty good stuff
(22:19):
from Nancy Pelosi. Keep listening.
Speaker 5 (22:22):
As I mentioned, it's about jobs, proliferation, and human rights.
And there are those who say we shouldn't link human
rights in trade and proliferation and trade. I disagree. But
if we just want to take up this issue on
the basis of economics alone, indeed, China should not receive
Most Favored Nation status for several reasons that I'd like
(22:42):
to go into now. I'd like to call the attention
of our colleagues to this chart on the status quo
that the business community is asking each and every one
of you, to each and every one of us to
endorse today. Right now, we have a thirty four billion
dollar trade deficit with China ninety five figure it will
(23:02):
be over forty billion dollars for nineteen ninety six. Since
the Tenement Square massacre, this figure has increased one thousand
percent from three and a half billion then to about
thirty four billion dollars now. In terms of tariffs, it's
think it's interesting to note that the average US MFN
tariff on Chinese goods coming into the United States is
(23:24):
two percent, whereas the average Chinese MFF tariff on US
goods going into China is thirty five percent. Is that reciprocal?
Speaker 1 (23:34):
Nancy Pelusi in nineteen ninety six is saying the exact
same thing that Donald Trump said at the White House yesterday.
Is that reciprocal average US tariff on Chinese goods two percent,
average Chinese tariff on US goods thirty five percent.
Speaker 3 (23:54):
Keep listening.
Speaker 1 (23:55):
This is Nancy Pelosi ninety six actually saying the honest
and right thing before she sold out on exports.
Speaker 5 (24:03):
China only allows certain industries into China of US industries
into China, and therefore only two percent of US exports
are allowed into China. On the other hand, the US
allows China to flood our markets with thirty a third
of their exports, and that'll probably go over forty percent.
And it's limitless because we have not placed any restriction
(24:25):
in terms of jobs. This is the biggest and cruelest
hoax of all. Not only do we not have market access,
not only do they have prohibitive tariffs, not only are
our exports not let in very specifically, but China benefits.
Speaker 3 (24:41):
With at least at least ten.
Speaker 5 (24:44):
Million jobs from US China trade. The President and his
statement requesting this special waiver said that it China trade
supports one hundred and seventy thousand jobs in the United
States one hundred and seventy thousand jobs, whereas our imports
from China support ten million jobs at least. The fact
(25:07):
is that that US China trade is a job loser,
and one of the reasons that it is is because
in order well first, let me just make another point,
and that is that our colleagues on the other side
of this issue will say the trade with China, exports
to China have increased three times in the last ten years.
They have, but they failed to mention that exports imports
(25:29):
from China have increased eleven times, thereby leading to this
huge trade deficit.
Speaker 1 (25:35):
I go back to back in ninety six, when Nancy
Pelosi was saying this, she truly was sounding the alarm
that China was taking advantage of America and it was
catastrophic to the American worker, and it was catastrophic to
our industries and to manufacturing, and it was costing American jobs.
(25:57):
And the trade deficit was insane, and the tear griffs
were insane that we were dealing with compared to what
we compared to what we were putting on them. And
guess what, it's not gotten any better since ninety six.
So if the problem was this bad in nineteen ninety six,
then put it into perspective about how bad the problem
is in twenty twenty five. You want to know why
(26:19):
Donald Trump is doing this. This is why Donald Trump
is doing this because it has been this bad for
thirty plus years, and nobody has had the cojones to
deal with this issue. For one reason, they didn't want
to upset the apple cart. They didn't want to lose
their approval rating. They didn't want to have a moment
(26:43):
where it things may get tough for a little bit
and have to go out there and explain it to
American people. So what did their advisors say, Hey, don't
touch that, just kick it down the road. You don't
want to go to war on this stuff. You don't
want to deal with US tariffs. You don't want to
deal with China directly. You don't want to. And by
the way, China, despite US tariffs, this is important. China
is currently leading the world in automobile production and exports.
Speaker 3 (27:07):
They're the king.
Speaker 1 (27:08):
We allow them to be the king, and they killed
American jobs in the process.
Speaker 3 (27:15):
They are the.
Speaker 1 (27:17):
King, and everybody knows it. China knows it more than anybody.
China understands it more than anyone. China understands just how
easy it is to take advantage of America because they
knew that we had a bunch of wisses. Why do
(27:38):
you think the last administration didn't do anything? Well, One,
they were compromised by China. We know that from the
Biden crime family. They were on the take, so they
were able to buy off the last administration. Like, doing
great things is.
Speaker 3 (27:48):
Hard, you look at where we are right now. Border
is now closed. That was hard.
Speaker 1 (27:54):
MS thirteen and the TDA gang are being deported that's hard.
No more men and womens. Still a fight going on.
Democrats standing up. That's a hard thing. Food price is
going down. That's a good thing, but it's been a
hard thing. Gas price is going down. That's a good thing.
It's also been a hard thing. Housing is becoming more affordable.
That was a good thing. It's a hard thing to
(28:15):
deal with. Inflation going down. Egg price is going down
five trillion, and new investments in America from companies, no
more DII, hundreds of billions of governments spending. Fraud has
been stopped through DOGE, and there are countries, yes today
that are removing tariffs against the US. Part of this
is you've got to understand that when this happens, okay,
(28:41):
it is if it nothing that is grand.
Speaker 3 (28:44):
Or great usually is easy.
Speaker 1 (28:47):
When we've been taking advantage of and this has become
the status quo, and we keep bowing down and looking
the other way. For the last thirty years, more than that,
thirty five, thirty six to thirty seven years, China's been
like just beating the you know what out of US,
and other countries looked at China and they're like, hey,
we can do this too. There were some countries that
(29:08):
were inspired by China. By the way, there really were.
There was a lot of countries that were inspired by China,
and they're like, if China can get away with this hell,
then maybe we can get away with us too. Maybe
we can maybe we can do the same thing. And
so they learned from this. They learned from watching, They
(29:30):
learned from sitting there and going America's not.
Speaker 3 (29:33):
Doing anything stuff. This is China. Why don't we get
on the action.
Speaker 1 (29:35):
Why do you think it got so out of whack
with all the numbers that Donald Trump said earlier that
I presented to you, they got out of whack because
they watched and they realized that America was not willing
to fight back. And so was the President saying, now
I'm not screwing around. I'm standing up for the American worker.
And this is a thirty five forty year chiropractic adjustment.
(29:57):
It's gonna be hard, but it's an adjustment that should
have happened back in nineteen ninety six when Nancy Pelosi
was talking about it. So to everybody out there that's
going crazy over this, just know, calm down and let
it run its course. Okay, Like, let it run its course.
This isn't just about products made in America. The Chinese
(30:19):
want American products that are made in China. The transfer
of the technology and the transfer of the jobs has
taken place. Those are Nancy Pelosi's exact words in ninety six,
and they said exactly like Donald Trump's words in twenty
twenty five. Don't forget Share this podcast please on social
media wherever you're listening, Grab it, hit that auto button,
(30:42):
that forward button, share it. Put it out there so
other people can find this show. Without you guys doing that,
we don't get new audience members. So if you want
to help fight back against what we're exposing, share it
on social media.
Speaker 3 (30:53):
I'll see you back here tomorrow.
Host
Ben Ferguson
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