Bannon's War Room - Episode 4310： Trump Drops New Tariffs; Trump Rebuilds The Geopolitical Alignment

00:00:00.000 Introduction to the Brian Glenn show right now. What we're going to do, the president,

00:00:03.860 a massive announcement this afternoon in the Roosevelt Room. We're going to play some clips

00:00:08.800 from that, and we're going to end with our own Brian Glenn asking two brilliant questions of

00:00:13.960 the president of the United States. Let's go ahead and let it roll. Today, Taiwan Semiconductor

00:00:17.980 is announcing that they will be investing at least $100 billion in new capital in the United

00:00:24.600 States over the next short period of time to build state-of-the-art semiconductor manufacturing

00:00:30.320 facilities. I think mostly it's going to be in Arizona, which is what I understand,

00:00:34.340 which is a great state. I like it because I won it, but I won most of them, actually.

00:00:41.700 But I did. We won it, and we won it big. The most powerful AI chips in the world will be made right

00:00:47.720 here in America, and it'll be a big percentage of the chips made by his company. But as you know,

00:00:53.860 they're based mostly in Taiwan, and they're far and away the biggest. There's nobody even close.

00:01:00.380 This $100 billion in new investment will go into building five cutting-edge fabrication facilities

00:01:07.340 in the great state that we just discussed, Arizona, and will create thousands of jobs,

00:01:13.580 many thousands of jobs, and high-paying jobs. In total, today's announcement brings Taiwan

00:01:19.400 semiconductor investments to about $165 billion they've started already. So we're going April 2nd,

00:01:27.340 but very importantly, tomorrow tariffs, 25% on Canada and 25% on Mexico, and that'll start.

00:01:35.040 So they're going to have to have a tariff. So what they have to do is build their car plants,

00:01:39.100 frankly, and other things in the United States, in which case they have no tariffs.

00:01:42.960 Tariffs, is there any room left for Canada and Mexico to make a deal before midnight? And should

00:01:47.160 we expect those Chinese tariffs, the extra 10% to take effect tomorrow?

00:01:50.560 No room left for Mexico or for Canada. No, the tariffs, you know, they're all set. They go into

00:01:56.120 effect tomorrow. And just so you understand, vast amounts of fentanyl have poured into our country

00:02:02.080 from Mexico. And as you know, also from China, where it goes to Mexico and goes to Canada.

00:02:08.900 And China also had an additional 10. So it's 10 plus 10. And and it comes in from Canada and it

00:02:15.820 comes in from Mexico. And that's a very important thing to say. You heard it right there. Donald

00:02:21.800 Trump just committed to slapping 25% tariffs on goods imported from Canada and Mexico starts at

00:02:28.580 midnight tonight. And I, I just, I wouldn't look down at that little black box right now. It's going

00:02:33.440 to make you unhappy Ryan. Go ahead. In addition to the job, you talked about national security.

00:02:39.920 And that's one thing I think a lot of Americans don't understand. Explain the national security

00:02:44.720 aspect of this. Well, without the chips and semiconductors, nothing runs today. You can't

00:02:50.740 buy a car without him. You can't get a radio or television. Not you can't get anything. And we

00:02:57.420 thought it was very important. Obviously, business was. But we thought even in terms of national

00:03:02.060 security to have this large percentage of the chips, semiconductors and other things

00:03:07.560 that they make the most important product and not a product that you can really copy.

00:03:13.740 It takes years and years. You know, on the needle of a pin is total genius. I mean, they

00:03:19.100 can put things. I mean, something the size of the needle, the point of a pin, they put information

00:03:25.120 that is just not even believable. So if you would, if you would see this, it's just really

00:03:30.620 something. Yes, Brian.

00:03:31.620 One aspect to that. Honda announced they're coming to Indiana because of the tariffs.

00:03:36.440 Once again, additional jobs in the factory.

00:03:39.680 Well, Honda's coming. And I told you about Apple that they're going to be starting to build

00:03:44.620 massively here, 500 billion. And we have many other companies going to be announced, but we

00:03:49.800 had many that have already announced. And now it's going to be great. It's looking

00:03:56.040 really strong. I don't think this country has ever seen anything like we're seeing right

00:04:00.480 now. Now, the tariffs, as you know, will start a week earlier than the reciprocal, which

00:04:06.800 is going to be on a couple of weeks earlier. Reciprocal starts, reciprocal tariffs start on

00:04:11.800 April 2nd. And I wanted to make it April 1st, but I didn't want to do it. I didn't want to

00:04:16.500 go April Fool's Day because that cost me. That cost a lot of money, but that one day.

00:04:21.340 But so we're going April 2nd. But very importantly, tomorrow tariffs, 25 percent on Canada and 25

00:04:28.440 percent on Mexico. And that'll start. So they're going to have to have a tariff.

00:04:32.920 So what they have to do is build their car plants, frankly, and other things in the United

00:04:37.160 States, in which case they have no tariffs. In other words, you build. And this is exactly

00:04:41.480 what Mr. Wei is doing by building here. Otherwise, they'll build. If they did them

00:04:45.900 in Taiwan to send them here, they'll have 25 percent or 30 percent or 50 percent or whatever

00:04:52.260 the number may be someday. It'll go only up. But by doing it here, he has no tariffs.

00:04:57.860 So he's way ahead of the game. And I would just say this to people in Canada or Mexico, if

00:05:03.600 they're going to build car plants, the people that are doing them are much better off building

00:05:08.220 here because we have the market with the market where they sell the most.

00:05:12.040 And so I think it's going to be very exciting, very exciting for the automobile companies,

00:05:17.220 very exciting for I can think of any. As an example, North Carolina, they had the

00:05:22.680 grid. I used to go there to buy furniture for hotels. And it's been wiped out that business

00:05:28.740 all went to other countries. And now it's all going to come back into North Carolina, the

00:05:34.380 furniture, furniture manufacturing business, please.

00:05:40.200 This is the primal scream of a dying regime. Pray for our enemies, because we're going

00:05:47.480 medieval on these people. I got a free shot. All these networks lying about the people.

00:05:54.260 The people have had a belly full of it. I know you don't like hearing that. I know you

00:05:57.960 try to do everything in the world to stop that, but you're not going to stop it. It's going

00:06:00.740 to happen. And where do people like that go to share the big line? Mega media. I wish

00:06:06.900 in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task

00:06:13.820 and what is my purpose? If that answer is to save my country, this country will be saved.

00:06:21.680 War Room. Here's your host, Stephen K. Band.

00:06:30.740 It's Monday 3, March, in the year of our Lord, 2025 afternoon show. Big, big, big economic

00:06:38.680 developments this afternoon, as we highlight it for you in the morning show. Taiwan Semiconductor,

00:06:45.940 $100 billion in the state of Arizona to build one of their advanced facilities. And I think

00:06:53.540 it's over four years. I think it's $25 billion a year. This is a massive deal. And President

00:06:57.140 Trump right there, just reiterate, Honda in Indiana, Apple Computer, $500 billion commitment.

00:07:03.500 And now Taiwan Semiconductor, $100 billion. Like I said, I am not big on foreign capital

00:07:10.880 like the Saudis or people come in or was it Mosi Shan from SoftBank comes in his talk, $100

00:07:16.220 billion. But when companies are moving manufacturing, all three of those, Honda, Apple, Taiwan Semiconductor,

00:07:22.740 and these are platinum names. This is like the best of the best. This is, I think, a shocking

00:07:30.740 development and an unbelievable development. It shows you what Donald Trump's, President

00:07:35.460 Trump is unlocked here. Brian Glenn is in the room, asked two great questions. Brian, let's

00:07:42.940 go back in there. Put us in the room today. Pretty big announcement of President Trump and

00:07:46.500 really his economic strategy for the United States. On the eve of his, it's not even the

00:07:52.000 eve, it's tonight at midnight. Yeah. 25% tariffs. And people should know the markets are a tad

00:07:57.740 rattle on this as he had plays out. Your thoughts, sir? Yeah. Good afternoon. Yeah. What a great

00:08:03.940 historic day there in the Roosevelt room. President Trump's stepping out and announcing this massive

00:08:11.000 $100 billion investment. Now, mind you, they've already got $65 billion already invested in

00:08:19.020 Arizona. So they're going to tack on another $100 billion. But does this once again prove that when

00:08:24.760 you put leadership, someone that has America First, a business-minded expert into office, this is what

00:08:32.880 you get. Remember the SoftBank press conference, Steve, that we did at Mar-a-Lago? That was $100

00:08:38.240 billion, if I'm not mistaken. So it just keeps coming on. And of course, now that the tariffs,

00:08:43.740 Honda said, wait a minute, let's go ahead and invest into Indiana. Let's take this next generation

00:08:50.500 Civic. Let's build it in the United States and not pay the tariffs. Just a big win, Steve. And you've

00:08:56.540 been talking about this forever. And you're financially brilliant in terms of that. And for the person at

00:09:02.920 home that just kind of casually follows business news, you know, disregard that little black box

00:09:09.020 on the bottom of the screen with the stock market temporarily. Because you and I both know when

00:09:13.360 this manufacturing comes back here and we start making stuff here and people start investing in

00:09:17.460 those computer chips, Taiwan Semiconductor, it's only going to better this country. And just what a great

00:09:23.160 day. You know, this is, I want to go back to that. Like, I am not a huge fan in people like SoftBank or

00:09:32.900 people like the Gulf Emirates or the Saudis coming in. It's totally different, though. Honda, Apple,

00:09:43.360 and Taiwan Semiconductor, these are massive manufacturing powerhouses. And this is President Trump's

00:09:50.700 strategy. If you move it back here, if you move the manufacturing back here and bring high value

00:09:57.420 added manufacturing jobs, which drive everything else, all the answerless services and Starbucks and,

00:10:03.840 and, you know, Dunkin' Donuts in the, in the, in the laundry, housing, everything. If you bring those

00:10:10.160 back, not only do you avoid the tariffs, I'll eventually get to try to cut to corporate tax rates

00:10:14.440 and make sure we had the most competitive corporate tax rates in the world so that you can really build and

00:10:19.360 think long-term. And this is long-term thinking. President Trump, and it's the, it's the payoff for

00:10:24.100 the, for the MAGA. It's that stability. It's that civic stability that they're looking for. And,

00:10:30.720 and here's what's amazing, because I think Apple will follow up. People should understand they're

00:10:35.500 coming to, wait for it, red states. They're coming to red states. And the reason is the, you know,

00:10:41.300 it's, it's safer environment. It's more stable government. It's traditionally lower taxes,

00:10:46.320 a little less regulation and the stability of, of family values. And I got to tell you,

00:10:52.260 this is why the Sunbelt, this is why the Southern states, this is why the MAGA states are just going

00:10:57.920 to continue to, to, to boom. You don't see them putting it up in Connecticut. You don't see these

00:11:03.360 factories going in upstate New York. You don't see them going in a lot of these blue states, New Jersey.

00:11:08.920 And this is why, and California used to be all go to California, not anymore. This is the driving

00:11:14.480 direction of the country, Brian. It is. And he even mentioned that they initially gave,

00:11:20.280 uh, Taiwan Semiconductor, I think five or $6 billion in kind of tax credits, if you will,

00:11:26.780 to go ahead and get this done. And it's ended up bringing in 65 billion. So, uh, you give a little

00:11:31.800 bit, but you get a whole lot. And I think it's, I think it's great. I know I love the national security

00:11:36.440 aspect of it too, Steve, because, and that can go into pharmaceuticals as well. If we depend

00:11:41.160 on manufacturing of a lot of things that we need, and we saw that in COVID, what would happen,

00:11:47.500 how the price of everything went up. You couldn't find a electronic to save your life during that time,

00:11:52.220 or some of these prescription drugs, bring the pharmaceuticals, bring the integrated circuits

00:11:57.180 back here in our country. Let us manufacture them. Let us have our hands on it. And, uh, I think it's,

00:12:04.180 it's, it's great all around. And so it was just a wonderful day. And of course,

00:12:07.500 the press conference did pivot to Ukraine as we knew it would, uh, stayed away from asking

00:12:13.740 president Trump if he owned a track suit. I didn't go there, Steve. Didn't go there. Kept it,

00:12:18.560 kept it business minded there. But, uh, obviously Ukraine did come up in that press conference

00:12:25.140 heavily. No, I do want to say the difference between the main street and wall street is seen

00:12:31.100 by the box of the stock market dropping. You're right. The, the long-term benefits for main street,

00:12:35.200 uh, for president Trump space, but on Ukraine, uh, they're sticking to their guns. Now coming out

00:12:40.400 of the white house, correct me if I'm wrong, there's some discussion behind the scenes of

00:12:45.300 president Trump having a belly full of it. Why, why the mainstream media is going, Oh, Trump is with

00:12:49.060 Putin and these amazing Europeans and, uh, and Zelensky is Churchill, uh, at the white house.

00:12:56.340 What I'm hearing, Brian, is that he may cut off, they may cut off, uh, aid altogether,

00:13:01.680 both military aid and, uh, economic aid of what are you hearing? Yeah, I'm hearing the same thing,

00:13:07.380 Steve. And you, you said it great in that last segment. I mean, if, if, uh, NATO and those European

00:13:12.480 countries think they can handle this, go for it. But, uh, yeah, that's what I'm hearing as well.

00:13:17.820 So we'll see tomorrow night. It's got that joint session on the house floor. Big thing. They'll

00:13:23.760 talk a lot. Yeah. We're going to make some announcements later. Yeah. We're going to make

00:13:27.160 some, make some announcements about the coverage of that. Brian Glenn's obviously going to be with

00:13:31.040 us. Natalie winners, all of it, Brian, we'll let you get back. Brian is now a getting interviewed

00:13:36.020 by the major platforms, BBC, NHK, CCT all over the world. As he's become a star, kind of the same

00:13:43.940 level, the real, the, the real American voice in there, you know, Natalie winners, Brian Glenn,

00:13:48.840 they get them to the white house to become rock stars. Brian Glenn, what's your social media

00:13:52.240 brother? Uh, you can follow me at Brian Glenn TV across the board at Brian on true social.

00:13:57.480 And as always, Steve, you're the best. Thanks for having me on. And we'll see you back here

00:14:01.900 tomorrow. Brian, great coverage. Uh, we'll see you, uh, probably on the morning show. And

00:14:07.980 then tomorrow afternoon, tomorrow night, Brian Glenn got two questions in, in the Roosevelt room

00:14:13.260 today. Major economic announcements, Taiwan semiconductor, $100 billion in building the

00:14:22.920 most advanced chip design and manufacturing in the world in the great state of Arizona. Uh,

00:14:29.720 Natalie winners is going to join us to talk about the strategic relationship with the Chinese communist

00:14:35.680 party and also more blowback on the resistance, the color revolution about Ukraine coming after

00:14:42.760 president Trump. All next in the war room.

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00:16:39.820 Here's your host, Stephen K. Bannon.

00:16:42.300 Welcome back. Natalie Winters joins us, our White House correspondent. Natalie, you and I have talked

00:16:54.060 now for years about this concept of decoupling versus more integration. Of course, the pressure

00:17:00.700 on President Trump from Wall Street and from the corporatists, and especially Silicon Valley,

00:17:06.540 is more integration. And obviously, the anti-CCP aspect of our movement is we want to decouple.

00:17:14.340 And now that decoupling is kind of, you know, Marco Rubio's there, Waltz is there, some of his

00:17:19.020 advisors. Why is this Taiwan Semiconductor deal, how does that play into that? And particularly given

00:17:26.780 this executive order that really didn't get much coverage that happened a week or so ago, ma'am?

00:17:31.720 Well, it's essentially the same voices, right? Whether it's Wall Street, big business, all these

00:17:37.720 politicians that are compromised by the Chinese Communist Party that we've documented for what

00:17:42.400 years that were telling us what, that tariffs didn't work. And now all of a sudden, you see a

00:17:48.000 huge investment, as you were talking about, $100 billion by factories in Arizona coming from,

00:17:54.060 obviously, TSMC. But I think that the whole sort of chip semiconductor argumentation that you've

00:18:00.520 always sort of heard come really from the deep state talking point has always been, this is why

00:18:05.280 we need to stay engaged in Ukraine, right? Because we're going to set a bad precedent and we really 0.94

00:18:10.140 need Taiwan because of semiconductors, because of these chips, right? The United States economy

00:18:15.000 could potentially crater overnight if China were to ever invade. And I think similar to perhaps

00:18:20.320 President Trump's out-of-the-box, you know, conception of what to do with Gaza, this is another 0.96

00:18:24.960 solution to a problem which involves reshoring the American manufacturing, not just to achieve

00:18:32.420 supply chain dominance and security, but to effectively, I think, pull the rug out from under

00:18:37.420 the Chinese Communist Party in terms of negotiating tactics. But I also think the numbers here too,

00:18:42.600 Steve, are just staggering. It's been, what, about one month since President Trump has been in office.

00:18:48.220 They've already courted $1.7 trillion in foreign investment. It took the Biden regime four years

00:18:55.420 just to get up to a trillion. And frankly, a lot of that FDI was riddled in sort of the Hunter Biden,

00:19:01.680 you know, foreign corrupt pay for play. The difference is that I think President Trump

00:19:06.640 represents negotiations not from this, you know, perverse geopolitical equity stance where we have

00:19:12.740 to act like we're not the American hegemon that we are, but that we sort of have a might, an economic

00:19:18.280 might to throw around. And the key difference here, Steve, is that now we're weaponizing our

00:19:24.140 government, our economy, you know, our United States dollar on behalf of the American people

00:19:30.940 instead of against them. And obviously, President Trump has staffed his cabinet, his administration

00:19:36.260 with people who are China hawks, who are CCP hawks. And I think for so long, you know, every guest we've

00:19:42.360 ever had on the show, you and I have always sat there. We've seen this sort of performative

00:19:46.180 activism, right, coming from the rhinos who talk so tough on China, how we need to decouple and

00:19:51.560 decouple. Yet when push comes to shove, right, just like these fiscal hawks who did nothing about the

00:19:56.480 USAID orgy of spending, President Trump actually acts and is working to decouple them by taking this,

00:20:04.500 I think, really, really monumental step in the semiconductor industry, which then, of course,

00:20:09.040 has a lot of trickle-down effects. But this is what decoupling, or at least the opening salvo of

00:20:13.480 it looks like. He's balancing this, too, at the same time with this Russian rapprochement that would

00:20:20.620 be the knife in the heart of Beijing's goal to control the Eurasian landmass with the Mullahs in 0.98

00:20:27.420 Persia. You have two aspects of this, and we're covering, Dave Walsh is going to be on in a second,

00:20:32.880 we're talking about the energy aspect of it and the governmental aspect. We'll also discuss some of the

00:20:37.900 stuff that's going on with NATO and what's happened. But there's another darker side that

00:20:42.340 actually may be more effective, and this is the resistance you've been covering from day one to

00:20:47.400 President Trump. And it has a very dark aspect. In fact, you could say a lot of it started around

00:20:52.680 the color revolution in Ukraine with Victoria Nuland. You've had some great reporting and come

00:20:58.320 up with something that's kind of shocking. Can you walk us through the resistance as an element of the

00:21:04.720 Ukraine fight? And what have you found out about some of the darker aspects of it, ma'am?

00:21:10.140 Well, I think the Ukraine issue is sort of inextricably linked to the decoupling from the

00:21:14.400 Chinese Communist Party issue that we were just talking about, right? I think the sort of

00:21:19.080 myopia, monomania of the idea that Ukraine is the forefront of democracy that sort of plagues the

00:21:24.840 Washington, D.C. class here, it sort of misses the forest for the trees, right? This is about

00:21:30.740 President Trump understanding the geopolitical significance, not just looking at the borders

00:21:34.720 of Ukraine, but understanding that the Chinese Communist Party is trying to bring Russia into

00:21:39.920 their sphere of influence or certainly more than that, right? And really, I think, instigating and

00:21:45.480 instituting a sort of geopolitical alignment, right? The Chinese Communist Party is not content with a

00:21:51.640 unipolar or rather bipolar world order. They want a unipolar world order whereby they replace

00:21:57.340 the United States and reorienting kind of global political affairs through that paradigm is what

00:22:03.440 they are trying to do, not just, you know, ostensibly with Russia in terms of the Ukraine conflict,

00:22:09.100 but also just by bogging us down in another, shall we say, graveyard of empires, Afghanistan-type 0.99

00:22:14.880 conflict, right? They would love nothing more than to have the United States peacekeeping forces

00:22:19.440 in Ukraine or anywhere. And, you know, I know you always say you've got to focus on the big

00:22:24.280 picture, but, you know, I love drilling down on sort of the minute details. And I don't know if

00:22:29.240 you want to get into it now, but, right, the story about Victoria Nuland's son, who's busy working for

00:22:34.480 a think tank that's actively lobbying against President Trump's peace plan, the proposed mineral

00:22:40.000 deal. He's listed as a researcher contributing to the Center for European Policy Analysis. This shows you

00:22:46.520 how it is not just a family grift, but it really is the Washington consensus whereby they view

00:22:53.320 these sort of foreign, endless, forever wars as a way—I mean, everyone in the Nuland family

00:23:00.200 makes a paycheck off of killing young American boys and girls in the name of democracy. Literally

00:23:07.920 every single person in that family. And I think that that is quite remarkable because it's replicated

00:23:14.140 time and time again, right? The story of Hunter Biden is not just one incident. That is a pattern

00:23:21.540 that replicates itself because these people have never been called out. And their business model

00:23:27.620 is one of global collusion with powers that be, like in Ukraine. And they hate the idea

00:23:34.880 of people like President Trump or, frankly, this movement being able to sort of run the tables on

00:23:41.700 them and say, hey, actually, foreign policy is going to be conducted to benefit the United States of

00:23:47.300 America and not line your pockets while you're lecturing us with your, you know, monotone voices,

00:23:54.500 your pseudo-intellectualism, and your dysgenic, you know, look, telling us, I guess we have to call her 1.00

00:24:00.340 the color revolution dominatrix in honor of Darren Beattie. But that is what represents a transformational

00:24:06.660 shift. And I have to say, Steve, for all the, you know, Beltway elites, the think tank, the K-street

00:24:11.860 crowd who think that they're so frickin' smart and that the reason why we need to protect Ukraine and

00:24:17.220 destroy this country and trash our economy is so we set an example so the Chinese Communist Party 1.00

00:24:23.140 won't invade Taiwan. Well, here's two things that just happened. President Trump just essentially

00:24:28.520 blocked that by reshoring that industry here to the United States. And two, President Trump is

00:24:34.760 actually showing that the United States actually is someone who's able and willing to negotiate from

00:24:38.660 the standpoint of putting America first, unlike these fake think tank hacks who are quite literally

00:24:44.840 funded by the Chinese Communist Party and their big tech counterparts. So President Trump, as you

00:24:50.440 always say, is a blunt force instrument and an armor-piercing shell. And sometimes it's the thing

00:24:56.160 itself, right? It's the deal. It's the investment. It's the meeting in the Oval Office. But it's also

00:25:03.140 just, I think, more symbolic, too, in calling out, I'd call it a grift, maybe racket is a better

00:25:08.720 terminology for it. But the racket that is the incestuous deep state that I think the Newland

00:25:13.980 family just epitomizes. And on top of that, you've got the geostrategic and geoeconomic. I mean,

00:25:21.440 tonight at midnight, the 25 percent tariffs go in on two of our three biggest trading partners,

00:25:26.700 Mexico and Canada. He says you just haven't lived up to being really kind of allies. In addition,

00:25:31.880 I think he's hitting 10 percent on China tonight. On the morning of, right, his speech is really his

00:25:40.260 first State of the Union or address to Congress, as it's called right at the beginning of your first

00:25:44.180 term. Your thoughts on that, ma'am? Well, look, Steve, all these people who are now telling us that we

00:25:49.860 have to melt down, right, and feel so bad and sympathetic for all these poor people who've been

00:25:54.820 fired by USAID. I'm sorry. Those are the same brilliant geniuses who've crafted the policies

00:26:02.800 that have forced President Trump to need to institute these tariffs, crafted the immigration 0.89

00:26:07.300 policies that have stolen the jobs, livelihoods and, frankly, dignity by forcing American workers

00:26:12.700 to train their replacements. So I have absolutely zero sympathy, empathy, whatever you want to qualify

00:26:18.480 it as for these people. And you bring up these tariffs. That's, again, another thing that I think

00:26:23.300 is effectively evaluated through the paradigm of it's not just the thing itself, right? The tariff

00:26:27.900 in and of itself is an effective economic tool like Peter Navarro has outlined better than I ever

00:26:33.180 could. But I think it also just demonstrates that President Trump and, by extension, the United States

00:26:39.920 is back. And when they melt down, make no mistake, about how President Trump is appointing loyalists,

00:26:45.640 right, the nasty, dirty L word, to his cabinet, they're not melting down because he's appointing people

00:26:52.180 who are loyal to President Trump. They're melting down because he's appointing people who are loyal

00:26:57.580 to the United States of America, because that is so fundamentally transformational, not just from

00:27:03.640 what we've seen under Joe Biden, but really to the existence, the raison d'etre. I don't even like

00:27:09.280 calling it the deep state, but the sort of Washington establishment, you know, beltway class,

00:27:14.060 where they view Canada, these countries that we're now hurling tariffs against,

00:27:18.180 as just trading partners. Because you know what? To them, they are. They're, you know,

00:27:22.540 expanded market access, right? It's the trope of when we thought letting China into the WTO,

00:27:27.820 that we would change them. It seems like every country, you can extrapolate that critique,

00:27:32.860 every country that we've somehow gotten into business with. And when I say we, I'm not talking

00:27:37.000 about the American people, right? I'm talking about, well, the elites, they've benefited,

00:27:42.260 but the average American worker has been totally screwed over. And President Trump is actually

00:27:47.180 fighting for American workers. And that's why they're in meltdown over it. And it's glorious to 0.53

00:27:52.580 see.

00:27:55.180 Natalie, you're going to be with us tomorrow on our wall-to-wall coverage of the State of the Union.

00:27:58.420 What is your social media in the interim, ma'am?

00:28:01.920 Natalie G. Winters on all social media platforms. Look forward to seeing you guys tomorrow. Thank you

00:28:06.300 for having me on.

00:28:09.200 Great hit, Natalie. Thank you so much. We're going to take a short commercial break. Dave Walsh is

00:28:14.480 going to join us. We're going to talk some geoeconomics, and it's going to shock you about

00:28:20.100 the hypocrisy and all this. Take your phone out. Bannon, text Bannon, B-A-N-N-O-N-9-8-9-8-9-8-9-8.

00:28:27.780 The ultimate guide for the purchase of gold in the era of Trump. Today's a day you might want to look at

00:28:33.740 that. Check it out. Birch Gold.

00:28:40.120 We've seen all the headlines, cyber attacks on our power grids, drones in the sky, violent attacks

00:28:44.660 on everyday Americans. The ugly truth is no leader, no system can protect you from everything.

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00:29:46.980 Has to get into a room, so to speak, and we have to make a deal. And the deal can be made

00:29:52.980 very fast. It should not be that hard a deal to make. It could be made very fast. Now, maybe

00:29:57.780 somebody doesn't want to make a deal. And if somebody doesn't want to make a deal, I think

00:30:01.560 that person won't be around very long. That person will not be listened to very long because

00:30:07.220 I believe that Russia wants to make a deal. I believe certainly the people of Ukraine want

00:30:12.340 to make a deal. They've suffered more than anybody else. Has there been any communication

00:30:17.840 with the administration since the Oval Office meeting? Have they reached out to you? And separately,

00:30:24.440 you talked about resignation a few days ago. How are you thinking about elections?

00:30:33.340 Yes. There is communication. Not on my level. Yes. As regards resignation, my resignation.

00:30:58.340 If I am to be changed and I'll hear, how can I put it? What's happening with the support

00:31:14.340 to change me, it will not be easy. Because it is not enough to simply hold elections. You

00:31:23.340 would need to prevent me from participating in the elections. And it will be a bit more difficult,

00:31:32.340 so they'll have to negotiate with me. And I said that I'm exchanging it for NATO membership.

00:31:40.340 And then it means that I have fulfilled my mission. There is NATO. It means I have fulfilled my mission.

00:31:51.340 Although, honestly, it looks like the people, and I will not be calling their posts, naming their posts, but the citizens of other countries are telling Ukrainians which president they should have.

00:32:06.340 Especially if these people occupy official posts, it seems to me a bit undemocratic and unconstructive.

00:32:18.340 But we are speaking about the values, and it definitely looks not very democratic.

00:32:25.340 Although, I'm...

00:32:27.340 You know, President Trump, please, President Trump, don't get in a room with him.

00:32:31.340 I know there's a lot of pressure on you and a lot of people.

00:32:34.340 You can...

00:32:36.340 You don't need them for a peace deal. They have no interest. They have no interest.

00:32:40.340 All they're trying to do is entangle the United States, entangle the United States in what will be a long protracted exit like in Vietnam. 0.96

00:32:48.340 With more money, and they want a security guarantee, they're going to whine.

00:32:51.340 They're recalcitrant. They're like nine-year-old children that are ornery.

00:32:57.340 He's not trustworthy. 0.99

00:32:59.340 The whole oligarchy of Ukraine, they're a group of criminals.

00:33:03.340 Remember, they're the third most corrupt nation on earth by independent people that assess those types of things.

00:33:09.340 It's hard enough to negotiate with Putin and the KGB.

00:33:14.340 The Europeans are just going to have to do whatever you decide to do. 0.91

00:33:17.340 Full stop.

00:33:18.340 Full stop.

00:33:20.340 Full stop.

00:33:22.340 This...

00:33:23.340 NATO is what got us into this situation in the first place. 0.61

00:33:26.340 By their insisting, and he insisting, that they wanted to be a member of NATO, which would be right up in Russia's grill.

00:33:35.340 Also a member of the EU.

00:33:38.340 Dave Walsh, I've got to bring you in here because the hypocrisy of the European elites,

00:33:43.340 and this is why I am so...

00:33:46.340 ...verently opposed and have been to the European elites who have dragged America into war after war after war.

00:33:51.340 And remember, folks, all of you were all kicked out of those countries.

00:33:56.340 Your grandparents, your great-grandparents, your great-great-great-grandparents.

00:34:01.340 We're all given the boot by your betters in these countries.

00:34:05.340 We don't owe these people anything, zero, nothing.

00:34:09.340 The folks over there are fine.

00:34:10.340 You see now a sovereignty movement, a populist national revolt, country by country,

00:34:14.340 because they've taken the inspiration of President Trump and the MAGA movement, 0.96

00:34:20.340 and now they're sitting there going, we've got to throw these bums out. 0.99

00:34:24.340 But those bums still call the deal. 1.00

00:34:26.340 Dave Walsh, you're my energy guy, and at the basis of everything is energy.

00:34:31.340 Plentiful, consistent, cheap energy.

00:34:36.340 That's what drives an industrial world and a post-industrial world. 0.98

00:34:41.340 It's going to drive the algorithmic age even more than it drove the industrial age

00:34:47.340 because of the massive power requirements of artificial intelligence.

00:34:52.340 Dave Walsh, what is the blatant hypocrisy of the European elites in this situation around Ukraine

00:34:58.340 and potential rapprochement of the United States and Russia, sir?

00:35:03.340 Well, focusing on Starmer and Macron's visit here right before Zelensky came,

00:35:08.340 with the virtue signaling, chest-beating, and shameless demands of the U.S.

00:35:13.340 to step up and continue to heavily fund this Ukraine war,

00:35:18.340 I'm sure President Trump in private reminded them they're below net zero in respect to

00:35:24.340 they have purchased from the beginning of this war $221 billion worth of Russian natural gas,

00:35:31.340 oil, coal, and uranium for their energy supply.

00:35:35.340 While they've lent $100 billion, roughly, to the Ukraine, lent for the war effort,

00:35:41.340 they've spent $221 billion in Russia on Russian fuels to fuel their economy

00:35:46.340 because the net zero decarb wind-solar battery storage movement in Europe

00:35:51.340 produces about 8% of their all-in energy.

00:35:54.340 It has been a drastic failure because of the minimal nature of that kind of energy.

00:35:59.340 And, oh, by the way, during this war they've spent another equivalent $250 to $275 billion

00:36:04.340 on Russia's ally China for solar panels and batteries, battery storage for power, the Western European nations.

00:36:12.340 So here they are heavily funding this war effort through Russia's ally, but more directly Russia,

00:36:17.340 $61 billion every $220 billion over a three-year period,

00:36:21.340 $70 billion a year in spending in Russia for substances they must have to exist as a society.

00:36:28.340 So there is no way that they're going to get involved in hand-to-hand combat in actual kinetic warfare against Russia.

00:36:36.340 They're heavily supporting this war cause on a two-to-one basis over that which they're lending the Ukraine.

00:36:42.340 It's obscenely shameless that they're demanding the U.S. to fund what they are actually spending in Russia on oil, gas, coal, and uranium.

00:36:53.340 What is the potential you see if we work through in some rapprochement with Russia,

00:37:02.340 in particular the fact that we want to break them up from the CCP?

00:37:07.340 Isn't energy, if we talk about the first thing to do is to lay down the guns in Ukraine 0.74

00:37:14.340 but then figure out how we build some prosperity around that ceasefire or at least the beginnings of peace.

00:37:21.340 Are the possibilities with leadership by the United States and then Western Europe

00:37:27.340 an integration into the energy aspect of that part of Europe and Eurasia, sir?

00:37:33.340 Yeah, I mean we're going to have to take this out of the closet.

00:37:37.340 First, this invasion took this subject out of the closet.

00:37:41.340 The fact that the European attempted reliance on wind, solar, and battery storage has produced net zero energy for them,

00:37:50.340 a lack of energy driving industry out of the U.K., out of England, out of Austria, and the like,

00:37:56.340 they do have a heavy localized dependence in the region on Russian oil and gas.

00:38:01.340 I think a very large part of any peace process is certainly reinitiating all of that trade for them.

00:38:07.340 They desperately need that.

00:38:09.340 And that needs to come out of the closet, out in public.

00:38:12.340 Those economies, especially for home heating, commercial heating is all,

00:38:16.340 98% in Western Europe is oil and gas driven, not wind and solar.

00:38:21.340 You don't have that in the morning between 5 a.m. and 9 a.m. at all.

00:38:25.340 So that, I mean, their dependence on the Russian economy for energy resources, that makes sense,

00:38:31.340 can be a key part of settling this whole thing because it would actually drive up legitimate Russian supply

00:38:38.340 and bring them back into a harmonious conclusion of the real relationship that's there.

00:38:45.340 That's what I'm pointing to.

00:38:46.340 Germany, this whole thing with the pipeline, we now know more about the U.S.-Ukrainian collaboration

00:38:52.340 and the Nord Stream explosion, was all about attempting to induce Germany to get into this fray with money.

00:38:58.340 As we all recall, the first six months of it, they had no interest in participating at all in the Ukraine conflict,

00:39:05.340 which, you know, is a decision.

00:39:07.340 So our efforts to help with that Nord Stream pipeline calamity was about attempting to induce them to be troubled into supporting the Ukraine effort.

00:39:17.340 That's how cross-linked these countries are with Russian oil and gas supply.

00:39:22.340 Russia natural gas supply just reached the top of the list.

00:39:26.340 The number one exporter of natural gas, LNG, to Europe became Russia last June, June of 2024.

00:39:32.340 Again, vis-a-vis tankers, LNG, displacing the U.S. and Qatar as number one suppliers in Western Europe of natural gas.

00:39:40.340 This only happened seven months ago. 0.77

00:39:44.340 During the height of this war, it's so hypocritical. 0.93

00:39:47.340 Germany, the signal to the United States of the madness of the Greta Thunberg and everything, Germany's, 0.96

00:39:57.340 and this is why the government just got turfed out, got crushed, and it should be a lesson to Democrat politicians.

00:40:02.340 Germany's economy is shrinking at 3-5% because, as you called it a couple of years ago,

00:40:07.340 they're de-industrializing because they're shutting down major sources of consistent, plentiful, and cheap energy, right?

00:40:16.340 I mean, this is a way that you drive an economy into a ground.

00:40:20.340 And this is my point.

00:40:21.340 If you integrate the entire area, as you say, take those deals out of the closet and dust them off.

00:40:25.340 But the first thing you've got to do is get away from this madness of net carbon zero, is it not?

00:40:31.340 No, their supposed conversion to dependence on their energy wind program, wind and solar,

00:40:38.340 has really resulted in what typically happens with this year in California and New York, the same thing.

00:40:42.340 For example, massive imports of electrification to offset the tiny, weeny fractions of energy actually available from wind and solar.

00:40:51.340 So Germany in the last five years has been largely dependent on Russia for heating and cooling for commercial activities in homes,

00:40:59.340 on French nuclear power, on Polish coal-fired power, to displace those coal plants and all of the nuclear plants that were closed in Germany by Merkel.

00:41:08.340 The absolute disastrous move by her to attempt to depend on tiny, tiny fractional portions of wind and solar that simply aren't there enough to matter.

00:41:17.340 So the dependence on Russia grew mightily in Germany, as President Trump pointed out at the UN six and a half years ago.

00:41:24.340 And they thumbed their nose at him.

00:41:26.340 Well, now we've got the same guy weeping at the podium last week because of J.D. Vance's speech.

00:41:31.340 I mean, they've ruined their economy.

00:41:34.340 Chemical plants moving out, steel plants moving out, car plants moving out.

00:41:38.340 It's a disaster.

00:41:39.340 England has seen this already, economy on its knees, for exactly the same reason.

00:41:44.340 The destitution of its prior energy strength only 15 years ago in the UK.

00:41:49.340 North Sea oil, coal plants, nuclear plants being shuttered now.

00:41:53.340 It's just an energy disaster.

00:41:56.340 So, I mean, the reality of their dependence on Russia does need drug out of the closet and made a key part of settling all this.

00:42:03.340 Because that economic cross-link is, in the long run, it's a good thing if, you know, Russia hopefully behaves with the settlement and the peace agreement, then we're back in business. 0.89

00:42:14.340 We're not going to be able to beat the cost of their LNG pipeline gas with U.S. LNG at a $6 premium coming from the U.S. to displace it.

00:42:22.340 It makes no economic sense.

00:42:24.340 So the Russian energy supply restart on a legitimate basis is a key part of a peace action here.

00:42:32.340 Without question.

00:42:33.340 Dave, can you hang on for a second?

00:42:37.340 After the break, I want to ask you the question about tariffs tonight.

00:42:41.340 They kick in in Mexico and Canada, and I think the 25%, the 10% tomorrow also, I believe, in China. 0.72

00:42:47.340 President Trump has said at midnight, when the clock strikes midnight, it's all systems go.

00:42:52.340 They've had their warning, and it's going to happen, and later in the month, reciprocity.

00:42:56.340 Dave Washington will join us after the break.

00:42:58.340 Financial markets were quite turbulent after President Trump was in the Roosevelt Room.

00:43:04.340 The positive nature of the Taiwan semiconductor was offset by the uncertainty they saw in the tariffs.

00:43:10.340 This is why now, more than ever, birchgold.com.

00:43:13.340 Slash Bannon.

00:43:14.340 Get to Philip Patrick and the team.

00:43:16.340 Understand.

00:43:17.340 Spend your time.

00:43:18.340 We've got all kind of free material under the dollar empire.

00:43:21.340 You've got all the brochures about investing in gold in the era of Trump.

00:43:24.340 But get to Philip Patrick and the team about why gold is a hedge in times of financial turbulence.

00:43:30.340 I think it was a 500-point drop in the market at one point today.

00:43:33.340 We are going to go through some bumps, folks, as President Trump sorts out this mess.

00:43:39.340 Some bumps.

00:43:40.340 Birchgold.com.

00:43:41.340 Slash Bannon.

00:43:42.340 Short commercial break.

00:43:43.340 Dave Walsh on the other side.

00:43:44.340 Let's take down the CCP.

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00:45:23.340 Here's your host, Stephen K. Bannon.

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00:46:27.340 Speaking of times of turbulence, tariffs tonight on China, 25% tariffs on Mexico and Canada.

00:46:36.340 He's talking about reciprocity of tariffs on Europe very quickly.

00:46:40.340 And I think 10% hit China.

00:46:42.340 So it's all systems go.

00:46:44.340 Walk us through the energy aspect of this.

00:46:46.340 How is this going to impact the folks that are getting tariffs on them and also the United States of America, sir?

00:46:53.340 Well, let's talk China first.

00:46:56.340 We've got to, I mean, without congressional ability to dismantle these incentives on solar and wind.

00:47:01.340 But by the way, I do think the national energy emergency helps us do that.

00:47:06.340 In the short range, in the absence of that ability, going ahead and putting massive tariffs on Chinese solar panels, thin-film PV inverters, batteries for utility-scale storage, that's a huge deal.

00:47:18.340 51% of new capacity in the U.S. this year will be solar, 29% battery storage, all of that, essentially all of that, imported from China.

00:47:29.340 That's a disaster.

00:47:30.340 That's a disaster.

00:47:31.340 So imposing stiff tariffs on a country that will not accept U.S.-made steam turbines, U.S.-made generators, will not accept U.S.-made switchgear, will not accept U.S.-made transformers, will not accept U.S.-made gas turbines.

00:47:46.340 Parts they do, but not the whole unit.

00:47:49.340 They have soft programs against the importation of any of that from Japan, here, and Western Europe.

00:47:56.340 So the tariffs in reciprocity on solar, wind, and battery storage especially make complete sense with respect to our energy policy that's now dominated by Chinese-supplied equipment displacing American fuel.

00:48:10.340 Europe, the same situation with respect to all basic industry.

00:48:15.340 I've spent my life working to attempt to export breakers, switchgear, transformers, motors, generators into Europe.

00:48:22.340 You can't do it from here, and you can't do it from Japan either. 1.00

00:48:26.340 The trade wall in Europe, Western Europe particularly, has been up so high for 55 years due to their defense of their social labor governments acting hand-in-hand with their government-controlled industry behemoths to void out any notionality of participating in global trade.

00:48:43.340 You must buy generation and electrical equipment and steel and cars in Europe that are made in Europe hard stop, and they defend that with tariffs, and they defend that position with a lot of soft regulatory jargon against imports.

00:48:57.340 And for some reason, the Wall Street, the New York Times never mentioned this, that the trade wall in Europe has been up so high for so long.

00:49:05.340 We're way past the 80-year-ago reconstruction of Western Europe.

00:49:08.960 It's just a tactic to void out the importation of largely U.S. and Japanese product that are horrendous. 1.00

00:49:17.300 Mexico, strong message, needs delivered.

00:49:19.560 He's delivering it on the border.

00:49:21.680 We're serious about the border.

00:49:23.480 So we've got to make the tariff stick for a good while to assure she understands we're very serious about the border.

00:49:29.620 And they need to keep that border manned with their troops, they need to bolster the troops, and they need to get after the cartels.

00:49:37.320 And I think Pete Hegseth is on the right page in discussions now opening up about going after them in country.

00:49:44.680 And you've got the same issue with Canada and not really being that egregiously supportive of our border needs up north, nor accepting of our products over a long history, including mainly ag products.

00:49:56.460 So he's working reciprocity, and that makes complete sense.

00:50:01.100 And people understand that.

00:50:02.200 So if it's well explained, and I'm sure it will be, people grasp what the essence of reciprocity is on that topic, like for like.

00:50:10.720 People blocking us, they've got to see the same medicine coming back, and then there's a chance.

00:50:15.280 In the longer picture, he is a free trade guy.

00:50:18.300 He said that eight years ago.

00:50:19.340 It's going to, you know, you've got to do this to bring people to sanity on Western Europe specifically, China specifically, accept products from others.

00:50:29.000 Don't dump products here, and then not accept anything from the U.S., from Japan.

00:50:35.220 Be rational about it.

00:50:36.420 This is a way to bring them to heel.

00:50:38.440 This is the logical way to do it.

00:50:40.180 Sure, it's harsh medicine, but it's the way to do it.

00:50:43.160 Trump's geoeconomic plan.

00:50:45.600 He'll say something about this tonight in depth more at the State of the Union.

00:50:48.280 Dave Walsh, social media.

00:50:49.740 Brain analysis, sir, social media.

00:50:51.400 Thanks, Steve.

00:50:52.580 Dave Walsh, energy, true social, X, and getter.

00:50:56.220 Thank you, Steve.

00:50:59.100 Thank you, brother.

00:51:00.160 Fantastic.

00:51:00.780 Get more of this geostrategic thought, geoeconomic thought, capital markets, geopolitics.

00:51:08.060 Jim Rickards, one of our contributors, Rickards, warroom.com.

00:51:12.220 You get money, GPT, his new book about artificial intelligence and capital markets.

00:51:16.480 It's quite scary.

00:51:18.280 He also, you have available the Strategic Intelligence Newsletter.

00:51:22.540 I guarantee if you get it, it'll be your best read every month.

00:51:26.040 Strategic intelligence at a special price.

00:51:29.220 Rickardswarroom.com.

00:51:30.840 Go check it out today.

00:51:31.940 Jim gives it to us because he's one of the contributors here.

00:51:35.380 Loves coming on the show and loves the audience.

00:51:38.220 Mike Lindell, we got great news on Tina Peters in the next hour.

00:51:42.200 Mike Davis is going to join us.

00:51:43.780 Let's hopefully get Pat McSweeney, the lawyer.

00:51:46.100 Big news out of Colorado.

00:51:47.600 Sir, what's happening in Minnesota with you and your fight against that corrupt attorney general in the great state of Minnesota, sir?

00:51:57.240 Well, it's great news about Tina.

00:51:59.800 I hope it's what I hope.

00:52:01.500 I hope it's a get her out because this has been one of the biggest injustices this country's ever seen.

00:52:07.700 Just like what's going on right now in Minnesota, Keith Ellison has attacked my Lindell recovery network.

00:52:15.620 Steve, I actually am in Texas.

00:52:16.980 I actually had to completely go over what the network was down here.

00:52:20.980 I'm in a big megachurch, and we were talking about that, and it got brought up today.

00:52:25.620 He's attacking this recovery network, Lindellrecoverynetwork.org that I set up, all my funds that went into it.

00:52:34.020 And he just doesn't like the fact that it's a Christian network.

00:52:38.500 It gets people off of addiction.

00:52:40.620 But the big reason is he wants to silence my voice. 0.94

00:52:43.580 And it's disgusting.

00:52:45.140 We're not going to stop fighting.

00:52:47.060 And that's it.

00:52:47.960 And you guys can help out.

00:52:50.160 MyPillow, he's attacking MyPillow, too, the IRS is, and Keith Ellison.

00:52:54.440 So we're giving back to you guys $9.98, all of our commemorative War Room collection exclusives for these $9.98, MyPillow 2.0 pillows.

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00:53:07.780 You guys have given us the greatest support that our company could ever ask for.

00:53:13.100 And help yourself get the best sleep of your life.

00:53:15.720 Thanks, Steve.

00:53:17.800 Thank you, brother.

00:53:18.780 Andy Biggs, Mike Davis, Todd Benzman next in the War Room.

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Bannon's War Room - March 04, 2025

Episode 4310： Trump Drops New Tariffs; Trump Rebuilds The Geopolitical Alignment

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