Episode 4310： Trump Drops New Tariffs; Trump Rebuilds The Geopolitical Alignment
Episode Stats
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Summary
Trump announces $100B in new investment in the United States, including $50B in Arizona, $25B in Mexico, and $15B in Canada. President Trump talks about the importance of the investment, the impact of the announcement, and the impact it will have on the economy.
Transcript
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Introduction to the Brian Glenn show right now. What we're going to do, the president,
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a massive announcement this afternoon in the Roosevelt Room. We're going to play some clips
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from that, and we're going to end with our own Brian Glenn asking two brilliant questions of
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the president of the United States. Let's go ahead and let it roll. Today, Taiwan Semiconductor
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is announcing that they will be investing at least $100 billion in new capital in the United
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States over the next short period of time to build state-of-the-art semiconductor manufacturing
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facilities. I think mostly it's going to be in Arizona, which is what I understand,
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which is a great state. I like it because I won it, but I won most of them, actually.
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But I did. We won it, and we won it big. The most powerful AI chips in the world will be made right
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here in America, and it'll be a big percentage of the chips made by his company. But as you know,
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they're based mostly in Taiwan, and they're far and away the biggest. There's nobody even close.
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This $100 billion in new investment will go into building five cutting-edge fabrication facilities
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in the great state that we just discussed, Arizona, and will create thousands of jobs,
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many thousands of jobs, and high-paying jobs. In total, today's announcement brings Taiwan
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semiconductor investments to about $165 billion they've started already. So we're going April 2nd,
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but very importantly, tomorrow tariffs, 25% on Canada and 25% on Mexico, and that'll start.
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So they're going to have to have a tariff. So what they have to do is build their car plants,
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frankly, and other things in the United States, in which case they have no tariffs.
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Tariffs, is there any room left for Canada and Mexico to make a deal before midnight? And should
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we expect those Chinese tariffs, the extra 10% to take effect tomorrow?
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No room left for Mexico or for Canada. No, the tariffs, you know, they're all set. They go into
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effect tomorrow. And just so you understand, vast amounts of fentanyl have poured into our country
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from Mexico. And as you know, also from China, where it goes to Mexico and goes to Canada.
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And China also had an additional 10. So it's 10 plus 10. And and it comes in from Canada and it
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comes in from Mexico. And that's a very important thing to say. You heard it right there. Donald
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Trump just committed to slapping 25% tariffs on goods imported from Canada and Mexico starts at
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midnight tonight. And I, I just, I wouldn't look down at that little black box right now. It's going
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to make you unhappy Ryan. Go ahead. In addition to the job, you talked about national security.
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And that's one thing I think a lot of Americans don't understand. Explain the national security
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aspect of this. Well, without the chips and semiconductors, nothing runs today. You can't
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buy a car without him. You can't get a radio or television. Not you can't get anything. And we
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thought it was very important. Obviously, business was. But we thought even in terms of national
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security to have this large percentage of the chips, semiconductors and other things
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that they make the most important product and not a product that you can really copy.
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It takes years and years. You know, on the needle of a pin is total genius. I mean, they
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can put things. I mean, something the size of the needle, the point of a pin, they put information
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that is just not even believable. So if you would, if you would see this, it's just really
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One aspect to that. Honda announced they're coming to Indiana because of the tariffs.
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Well, Honda's coming. And I told you about Apple that they're going to be starting to build
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massively here, 500 billion. And we have many other companies going to be announced, but we
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had many that have already announced. And now it's going to be great. It's looking
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really strong. I don't think this country has ever seen anything like we're seeing right
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now. Now, the tariffs, as you know, will start a week earlier than the reciprocal, which
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is going to be on a couple of weeks earlier. Reciprocal starts, reciprocal tariffs start on
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April 2nd. And I wanted to make it April 1st, but I didn't want to do it. I didn't want to
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go April Fool's Day because that cost me. That cost a lot of money, but that one day.
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But so we're going April 2nd. But very importantly, tomorrow tariffs, 25 percent on Canada and 25
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percent on Mexico. And that'll start. So they're going to have to have a tariff.
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So what they have to do is build their car plants, frankly, and other things in the United
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States, in which case they have no tariffs. In other words, you build. And this is exactly
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what Mr. Wei is doing by building here. Otherwise, they'll build. If they did them
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in Taiwan to send them here, they'll have 25 percent or 30 percent or 50 percent or whatever
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the number may be someday. It'll go only up. But by doing it here, he has no tariffs.
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So he's way ahead of the game. And I would just say this to people in Canada or Mexico, if
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they're going to build car plants, the people that are doing them are much better off building
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here because we have the market with the market where they sell the most.
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And so I think it's going to be very exciting, very exciting for the automobile companies,
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very exciting for I can think of any. As an example, North Carolina, they had the
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grid. I used to go there to buy furniture for hotels. And it's been wiped out that business
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all went to other countries. And now it's all going to come back into North Carolina, the
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furniture, furniture manufacturing business, please.
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This is the primal scream of a dying regime. Pray for our enemies, because we're going
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medieval on these people. I got a free shot. All these networks lying about the people.
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The people have had a belly full of it. I know you don't like hearing that. I know you
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try to do everything in the world to stop that, but you're not going to stop it. It's going
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to happen. And where do people like that go to share the big line? Mega media. I wish
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in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task
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and what is my purpose? If that answer is to save my country, this country will be saved.
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It's Monday 3, March, in the year of our Lord, 2025 afternoon show. Big, big, big economic
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developments this afternoon, as we highlight it for you in the morning show. Taiwan Semiconductor,
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$100 billion in the state of Arizona to build one of their advanced facilities. And I think
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it's over four years. I think it's $25 billion a year. This is a massive deal. And President
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Trump right there, just reiterate, Honda in Indiana, Apple Computer, $500 billion commitment.
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And now Taiwan Semiconductor, $100 billion. Like I said, I am not big on foreign capital
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like the Saudis or people come in or was it Mosi Shan from SoftBank comes in his talk, $100
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billion. But when companies are moving manufacturing, all three of those, Honda, Apple, Taiwan Semiconductor,
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and these are platinum names. This is like the best of the best. This is, I think, a shocking
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development and an unbelievable development. It shows you what Donald Trump's, President
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Trump is unlocked here. Brian Glenn is in the room, asked two great questions. Brian, let's
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go back in there. Put us in the room today. Pretty big announcement of President Trump and
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really his economic strategy for the United States. On the eve of his, it's not even the
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eve, it's tonight at midnight. Yeah. 25% tariffs. And people should know the markets are a tad
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rattle on this as he had plays out. Your thoughts, sir? Yeah. Good afternoon. Yeah. What a great
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historic day there in the Roosevelt room. President Trump's stepping out and announcing this massive
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$100 billion investment. Now, mind you, they've already got $65 billion already invested in
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Arizona. So they're going to tack on another $100 billion. But does this once again prove that when
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you put leadership, someone that has America First, a business-minded expert into office, this is what
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you get. Remember the SoftBank press conference, Steve, that we did at Mar-a-Lago? That was $100
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billion, if I'm not mistaken. So it just keeps coming on. And of course, now that the tariffs,
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Honda said, wait a minute, let's go ahead and invest into Indiana. Let's take this next generation
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Civic. Let's build it in the United States and not pay the tariffs. Just a big win, Steve. And you've
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been talking about this forever. And you're financially brilliant in terms of that. And for the person at
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home that just kind of casually follows business news, you know, disregard that little black box
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on the bottom of the screen with the stock market temporarily. Because you and I both know when
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this manufacturing comes back here and we start making stuff here and people start investing in
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those computer chips, Taiwan Semiconductor, it's only going to better this country. And just what a great
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day. You know, this is, I want to go back to that. Like, I am not a huge fan in people like SoftBank or
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people like the Gulf Emirates or the Saudis coming in. It's totally different, though. Honda, Apple,
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and Taiwan Semiconductor, these are massive manufacturing powerhouses. And this is President Trump's
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strategy. If you move it back here, if you move the manufacturing back here and bring high value
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added manufacturing jobs, which drive everything else, all the answerless services and Starbucks and,
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and, you know, Dunkin' Donuts in the, in the, in the laundry, housing, everything. If you bring those
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back, not only do you avoid the tariffs, I'll eventually get to try to cut to corporate tax rates
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and make sure we had the most competitive corporate tax rates in the world so that you can really build and
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think long-term. And this is long-term thinking. President Trump, and it's the, it's the payoff for
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the, for the MAGA. It's that stability. It's that civic stability that they're looking for. And,
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and here's what's amazing, because I think Apple will follow up. People should understand they're
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coming to, wait for it, red states. They're coming to red states. And the reason is the, you know,
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it's, it's safer environment. It's more stable government. It's traditionally lower taxes,
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a little less regulation and the stability of, of family values. And I got to tell you,
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this is why the Sunbelt, this is why the Southern states, this is why the MAGA states are just going
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to continue to, to, to boom. You don't see them putting it up in Connecticut. You don't see these
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factories going in upstate New York. You don't see them going in a lot of these blue states, New Jersey.
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And this is why, and California used to be all go to California, not anymore. This is the driving
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direction of the country, Brian. It is. And he even mentioned that they initially gave,
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uh, Taiwan Semiconductor, I think five or $6 billion in kind of tax credits, if you will,
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to go ahead and get this done. And it's ended up bringing in 65 billion. So, uh, you give a little
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bit, but you get a whole lot. And I think it's, I think it's great. I know I love the national security
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aspect of it too, Steve, because, and that can go into pharmaceuticals as well. If we depend
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on manufacturing of a lot of things that we need, and we saw that in COVID, what would happen,
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how the price of everything went up. You couldn't find a electronic to save your life during that time,
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or some of these prescription drugs, bring the pharmaceuticals, bring the integrated circuits
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back here in our country. Let us manufacture them. Let us have our hands on it. And, uh, I think it's,
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it's, it's great all around. And so it was just a wonderful day. And of course,
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the press conference did pivot to Ukraine as we knew it would, uh, stayed away from asking
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president Trump if he owned a track suit. I didn't go there, Steve. Didn't go there. Kept it,
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kept it business minded there. But, uh, obviously Ukraine did come up in that press conference
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heavily. No, I do want to say the difference between the main street and wall street is seen
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by the box of the stock market dropping. You're right. The, the long-term benefits for main street,
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uh, for president Trump space, but on Ukraine, uh, they're sticking to their guns. Now coming out
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of the white house, correct me if I'm wrong, there's some discussion behind the scenes of
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president Trump having a belly full of it. Why, why the mainstream media is going, Oh, Trump is with
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Putin and these amazing Europeans and, uh, and Zelensky is Churchill, uh, at the white house.
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What I'm hearing, Brian, is that he may cut off, they may cut off, uh, aid altogether,
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both military aid and, uh, economic aid of what are you hearing? Yeah, I'm hearing the same thing,
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Steve. And you, you said it great in that last segment. I mean, if, if, uh, NATO and those European
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countries think they can handle this, go for it. But, uh, yeah, that's what I'm hearing as well.
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So we'll see tomorrow night. It's got that joint session on the house floor. Big thing. They'll
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talk a lot. Yeah. We're going to make some announcements later. Yeah. We're going to make
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some, make some announcements about the coverage of that. Brian Glenn's obviously going to be with
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us. Natalie winners, all of it, Brian, we'll let you get back. Brian is now a getting interviewed
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by the major platforms, BBC, NHK, CCT all over the world. As he's become a star, kind of the same
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level, the real, the, the real American voice in there, you know, Natalie winners, Brian Glenn,
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they get them to the white house to become rock stars. Brian Glenn, what's your social media
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brother? Uh, you can follow me at Brian Glenn TV across the board at Brian on true social.
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And as always, Steve, you're the best. Thanks for having me on. And we'll see you back here
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tomorrow. Brian, great coverage. Uh, we'll see you, uh, probably on the morning show. And
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then tomorrow afternoon, tomorrow night, Brian Glenn got two questions in, in the Roosevelt room
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today. Major economic announcements, Taiwan semiconductor, $100 billion in building the
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most advanced chip design and manufacturing in the world in the great state of Arizona. Uh,
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Natalie winners is going to join us to talk about the strategic relationship with the Chinese communist
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party and also more blowback on the resistance, the color revolution about Ukraine coming after
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Welcome back. Natalie Winters joins us, our White House correspondent. Natalie, you and I have talked
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now for years about this concept of decoupling versus more integration. Of course, the pressure
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on President Trump from Wall Street and from the corporatists, and especially Silicon Valley,
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is more integration. And obviously, the anti-CCP aspect of our movement is we want to decouple.
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And now that decoupling is kind of, you know, Marco Rubio's there, Waltz is there, some of his
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advisors. Why is this Taiwan Semiconductor deal, how does that play into that? And particularly given
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this executive order that really didn't get much coverage that happened a week or so ago, ma'am?
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Well, it's essentially the same voices, right? Whether it's Wall Street, big business, all these
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politicians that are compromised by the Chinese Communist Party that we've documented for what
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years that were telling us what, that tariffs didn't work. And now all of a sudden, you see a
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huge investment, as you were talking about, $100 billion by factories in Arizona coming from,
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obviously, TSMC. But I think that the whole sort of chip semiconductor argumentation that you've
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always sort of heard come really from the deep state talking point has always been, this is why
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we need to stay engaged in Ukraine, right? Because we're going to set a bad precedent and we really
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need Taiwan because of semiconductors, because of these chips, right? The United States economy
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could potentially crater overnight if China were to ever invade. And I think similar to perhaps
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President Trump's out-of-the-box, you know, conception of what to do with Gaza, this is another
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solution to a problem which involves reshoring the American manufacturing, not just to achieve
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supply chain dominance and security, but to effectively, I think, pull the rug out from under
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the Chinese Communist Party in terms of negotiating tactics. But I also think the numbers here too,
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Steve, are just staggering. It's been, what, about one month since President Trump has been in office.
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They've already courted $1.7 trillion in foreign investment. It took the Biden regime four years
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just to get up to a trillion. And frankly, a lot of that FDI was riddled in sort of the Hunter Biden,
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you know, foreign corrupt pay for play. The difference is that I think President Trump
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represents negotiations not from this, you know, perverse geopolitical equity stance where we have
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to act like we're not the American hegemon that we are, but that we sort of have a might, an economic
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might to throw around. And the key difference here, Steve, is that now we're weaponizing our
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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
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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
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activism, right, coming from the rhinos who talk so tough on China, how we need to decouple and
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decouple. Yet when push comes to shove, right, just like these fiscal hawks who did nothing about the
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USAID orgy of spending, President Trump actually acts and is working to decouple them by taking this,
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I think, really, really monumental step in the semiconductor industry, which then, of course,
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has a lot of trickle-down effects. But this is what decoupling, or at least the opening salvo of
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it looks like. He's balancing this, too, at the same time with this Russian rapprochement that would
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be the knife in the heart of Beijing's goal to control the Eurasian landmass with the Mullahs in
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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
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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
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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
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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
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President Trump understanding the geopolitical significance, not just looking at the borders
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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
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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
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
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
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
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
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
00:28:09.200
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.
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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.
00:32:27.340
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.
00:32:36.340
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.
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.
00:32:59.340
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.
00:33:23.340
NATO is what got us into this situation in the first place.
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.
00:33:38.340
Dave Walsh, I've got to bring you in here because the hypocrisy of the European elites,
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.
00:34:10.340
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,
00:34:20.340
and now they're sitting there going, we've got to throw these bums out.
00:34:26.340
Dave Walsh, you're my energy guy, and at the basis of everything is energy.
00:34:36.340
That's what drives an industrial world and a post-industrial world.
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
00:35:54.340
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
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.
00:38:09.340
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.
00:38:46.340
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,
00:39:07.340
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.
00:39:44.340
During the height of this war, it's so hypocritical.
00:39:47.340
Germany, the signal to the United States of the madness of the Greta Thunberg and everything, Germany's,
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.
00:40:21.340
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.
00:41:26.340
Well, now we've got the same guy weeping at the podium last week because of J.D. Vance's speech.
00:41:34.340
Chemical plants moving out, steel plants moving out, car plants moving out.
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.
00:41:56.340
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.
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.
00:42:24.340
So the Russian energy supply restart on a legitimate basis is a key part of a peace action here.
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.
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.
00:42:58.340
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.
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We are going to go through some bumps, folks, as President Trump sorts out this mess.
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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.
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How is this going to impact the folks that are getting tariffs on them and also the United States of America, sir?
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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.
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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.
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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.
00:47:49.340
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.
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I've spent my life working to attempt to export breakers, switchgear, transformers, motors, generators into Europe.
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You can't do it from here, and you can't do it from Japan either.
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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.
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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.
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We're way past the 80-year-ago reconstruction of Western Europe.
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It's just a tactic to void out the importation of largely U.S. and Japanese product that are horrendous.
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.
00:50:02.200
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.
00:50:19.340
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.
00:50:40.180
Sure, it's harsh medicine, but it's the way to do it.
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He'll say something about this tonight in depth more at the State of the Union.
00:50:52.580
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A healthy heart is key to being energetic as we get older.
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It is never too early to take care of your heart.
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You need, if you're going to be part of the posse, you need a strong heart.