Episode 4311： Flooding The Zone With MAGA; Start Of The Trade Wars
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Summary
Trump announces new tariffs on Canada and Mexico, and doubles the tariffs on Chinese goods to 20% and 25% respectively. What does that mean for the rest of the world, and what will it do to the economy? And what does it mean for U.S. relations with its allies?
Transcript
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stories. President Trump hitting Canada and Mexico with 25 percent tariffs on imports to the United
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States and doubling tariffs on Chinese goods to 20 percent. President Trump saying the three
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countries had failed to do enough to stop the flow of the drug fentanyl into the United States.
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Retaliation coming immediately from China, mostly on agricultural products. Canadian Prime Minister
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Justin Trudeau said that his country would respond immediately with 25 percent tariffs on about 20
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billion dollars worth of U.S. imports and more than 80 billion dollars of additional dollars worth of
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imported goods in just about three weeks if the new U.S. tariffs were still in place. Mexico's
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economy ministry said that President Claudia Sheinbaum was expected to announce Mexico's
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response during a news conference this morning. Who is this for? Tell me, tell me who is the swing
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state voter in Pennsylvania or Nevada or North Carolina whose issue in this election was,
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I don't think Vladimir Putin is getting enough of what he wants. Tell me who is the median voter in
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some bellwether county in Arizona who thinks, you know what, Russian cyber attacks have gotten so
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bogged down and difficult, it's getting so it's really difficult to just ransomware a hospital in
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Arizona these days. Isn't there anything we can do to help with that? Is there a single voter in
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the United States who thinks that Canada is the bad guy in the world and Russia is the good guy in
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the world? And so let's threaten Canada and learn Russian. Is there anyone? Who is this for?
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And what did they do to get all of this? What has Russia given up
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to get this list of things that they have received in the first six weeks that Donald Trump
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has been back in the White House? He's the dealmaker, right? What's the other side of the deal?
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This weekend, the foreign policy chief of the European Union said, quote,
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the free world needs a new leader. The first rest of the free world is trying. This weekend,
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the prime minister of Great Britain and the president of France announced that they would
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form a new coalition of the willing to support Ukraine. And they hoped they might get support
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from the United States for that effort. The United States, our government, has changed sides
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in the world. And it seems pretty clear they will not be doing that. Our government now sides with
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Russia and against America's allies. And we spent years trying to figure out why the Republican Party
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and its new leader would be inclined in that direction. It now sort of doesn't matter.
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What matters is the new reality is that he controls the government. And that's the way that he has
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changed the U.S. government's orientation in the world. And it really is hard to imagine what else
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Putin might want that Trump hasn't already given him in just these six weeks.
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David, Warren Buffett calls these tariffs an act of war. Like Donald Trump, I said it the other day,
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has sort of done the unthinkable. The guy that was willing to deregulate the hell out of anything
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wants to lower taxes as much as possible for corporates and be pro-business has somehow killed animal spirits.
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What are we in for here? Because corporates I've talked to are like grinding to a halt
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because they don't know what these tariffs are going to do to them.
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Well, that's just it. I'll pick up on something that Greg said a moment ago, and that is
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who knows if the president's satisfied or when he will be. And I sat down with Chrystia Freeland,
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who's making a run to lead the Liberal Party in Canada. And I said, look, Chrystia, this is a dumb question,
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but what do you have to do? What does Canada have to do to satisfy Donald Trump?
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But she said, it's not a dumb question. I think that's been kind of the animating feature of this
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entire debate. As he talks about fentanyl, he talks about immigration, but there's no clear
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parameters for what these two countries, these two very close allies of the United States need to
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do. You ask what's going to happen next. I mean, we have been on this very rough journey since
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inauguration day. Would those tariffs be put in place right after the inauguration? They weren't.
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There was a research study commission that was floated that these would be postponed once and then
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again. We're still seeing floated the notion that there could be more tariffs on specific
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products and retaliatory tariffs. We know this is a thing he loves, but the uncertainty that
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Greg's talking about permeates all of this. And to your point, does nothing positive to the animal
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spirits, to businesses, to consumers who are just frankly wondering how this is all going to play
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out. Overnight imposing tariffs on America's closest allies. The strategy from the White House seems to
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be to shed as many friends as possible as fast as possible. And the long term question is,
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does that leave America safer, stronger and greater? Or does it leave it weaker? I mean,
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if you just, you just look, we've at the risk at the moment is you push the Europeans closer to
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China, you push the Canadians closer to China, you push the South Koreans closer to a nuclear weapon.
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I mean, it's hard to see how this strategy plays out well for the United States in the long run.
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It's hard to see how it plays out well in the short run as well. I mean, I think what the
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Trump people would say is that, if you caught them in private moments, is that friendship and
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economic deals between the US and Russia, between Trump and Putin, will unleash all kinds of animal
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spirits and energy deals. And of course, the deal for Ukrainian minerals, which presumably in one form
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or another, Zelensky will be corralled into accepting. That's going to be boom time for American
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businesses. His view of the world is about deals. It's also about an affinity with Putin. I'm not
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overlooking that. But it's chiefly his, if you want to summarize Trump's view of economics, it's about
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having lots of deals and punishing those who are in surplus with the United States. There are no
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friends in that world. There's just deals that Trump has skin in the game in. And so that's how they
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would justify this as a success, because there is no sort of ethical, philosophical or strategic
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Yeah, I think sometimes, Kate, we get a little too complicated in our questions. So I think the
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easiest way we can kind of just ask this is, do Americans like the way that Trump's handling his
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job and compared to how they felt about Joe Biden? So this is the net approval rating. You look at Joe
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Biden back in 2024, he was 22 points underwater. Holy cow. You look at Donald Trump, it's just a
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different planet entirely. I mean, the gulf between these two is wider than the Gulf of America or
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Mexico, depending on which side of the aisle you stand on. He's at plus two. So look, at this
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particular point, Americans are giving Donald Trump the benefit of the doubt. He's doing considerably
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better than Joe Biden was doing on the handling of the Russia-Ukraine conflict. And so on this simple
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question, I think Americans are saying, OK, Donald Trump's doing all right on this.
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What about specifically on how they feel about bringing the war to an end?
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Yeah. OK. So, you know, look, questions on this can be quite complicated, but I think this kind
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of gets at sort of where the American trend line is. Americans on the Russia-Ukraine war
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want a quicker end of the war, but Russia keeps its captured land. Look at this. 50 percent,
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50 percent, bare majority, bare majority coming in here, support Ukraine's right to fight,
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even if it means a longer war. That's at 48. This is very, very close. But the trend line on this
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question is so important because that want a quick end of the war. Look at this. You go back to August
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of 2022. It was at 31 percent. Now we're at 50 percent. I mean, that is a rocket ship upwards in
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terms of the Americans who want a quick end to the war, even if it means Russia keeps the captured
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Ukraine land. Americans are moving closer and closer to wanting a compromise, even if it means
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that Ukraine doesn't really get what it set out to want, at least at the beginning of this war.
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And Americans' views on Russia are shifting as well.
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Absolutely. I mean, one of the reasons why we're seeing this is Americans who say Russia is an
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enemy. You go back to 2023, it was 64 percent. And that CBS News YouGov poll, it was down to 34 percent.
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Now, there is a chunk that believes that Russia is an unfriendly nation, but the percentage who
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believe that they're either an ally or friendly, that's up to 34 percent as well, basically equal
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to the percentage who say that they're an enemy. So views on Russia have become, let's say, a little
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less isolated in terms of wanting Russia to be way out there on their own, thinking that they're an
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enemy. At this particular point, they're starting to see Russia a little bit more friendly. And I
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think that's part of the reason why Americans want to see a compromise at this particular hour.
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This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on
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these people. I got a free shot. All these networks lying about the people. The people
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have had a belly full of it. I know you don't like hearing that. I know you try to do everything
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in the world to stop that, but you're not going to stop it. It's going to happen. And where do
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people like that go to share the big line? Mega media. I wish in my soul, I wish that any of these
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people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer
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is to save my country, this country will be saved. War Room. Here's your host, Stephen K. Vance.
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It's Tuesday, 4 March in the year of our Lord, 2025. Today is the president addresses a joint
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session of Congress. We normally call it a State of the Union, but traditionally right after the weeks
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after a president's inaugurated, it is called a joint sessions, a speech to the joint session.
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That'll take place tonight. We'll have wall-to-wall coverage on that on this, the most all of important
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days. The reason is economic warfare kicked in last night, the stroke of midnight, 12 Eastern Standard
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Time, 25% tariffs on two of our three largest trading partners. That would be Mexico and Canada,
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and a 20% tariff on the Chinese Communist Party. It's historic. And the way to look at this, and also
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all these negotiations or phony negotiations in Europe, this is geostrategic on one hand of what
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President Trump's doing with the rapprochement to Russia, and geoeconomic on the other, as he
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redoes the business model of the United States of America to make sure that people that want to have
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access to this market, and that means access to you, the underlying, underpinning civic society
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of this country. It's made this country free and made the most prosperous nation on earth.
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They have to pay a premium. And the easiest way to avoid those tariffs is, guess what, or avoid that
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premium, is move your manufacturing here. You cannot separate out yesterday's announcement by
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Taiwan Summit Conductor Manufacturing Company, the largest and most important of all the chip,
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advanced chip design and chip manufacturers in the world, announcing a $100 billion investment
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in the state of Arizona to offshore their manufacturing away from the Chinese Communist Party
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to the United States of America. You couple that with Apple's $500 billion
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announcement a week or so ago, announcing they were moving their manufacturing from China and even
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some from India to the United States. They're following President Trump's game plan. What
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President Trump is saying is that, hey, if you move your manufacturing here and create and invest
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massive amount of capital equipment, and I think yesterday, they said there's already been $1.7 trillion
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of investment commitments in the first 40 days. Now, some of that is from Massasan and SoftBank and
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the Gulf Emirates and Qatar and Saudi, and you know, I'm not crazy about that money, but close to a trillion
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dollars is from the Hondas and the Apples and the Taiwan Semiconductor, the greatest companies in the world
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and going to bring high-value-added, high-paying jobs. And also, it looks like virtually all of those
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states are going into red states or MAGA. The world wants to be associated with MAGA. The world feels
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comfortable and safe, putting its money in states that are controlled by MAGA. And so, this is why
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President Trump ratched up, you know, last night the economic war. Now, there's other answerly things
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that he wants to do with this, fentanyl, destroy the cartels, all that. But hey, it's economic warfare.
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And this is why he's shutting down the kinetic part of the Third World War in Ukraine. He's shutting
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down the kinetic part of the Third World War in Israel. He is shutting down the potential,
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the potential for a kinetic part of a Third World War in the Straits of Taiwan, the South China Sea on
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invasion of Taiwan, as he extracts right now the manufacturing of the advanced chips that would
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destroy the American and world economy. And simultaneously, he's going to economic war
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with the Chinese Communist Party, 20% tariffs. And the Chinese Communist Party, unlike Mexico and
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unlike the EU and unlike Canada, they didn't say, well, you know, maybe there's a counter,
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we'll throw another tariff. They said, hey, we understand exactly what this is. It's economic
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warfare. And what the Chinese Communist Party say, we will fight you to the bitter end.
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I like an enemy that's straightforward enough, up in your grill. Okay, we're going to walk through
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the tariffs. We're going to walk through how the tariffs and the economic warfare tie to what's
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going on in Ukraine. President Trump called their bluff last night. No more arms, no more money for
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Ukraine. Hey, Europe, you talk a big game. You talk 800 billion here, all this. You haven't put up any
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money. You've sent no troops. You talk a big game. Put up or shut up. Because peace is going to come to
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Ukraine. And Donald John Trump is going to ensure that. Short commercial break. Birch gold now more than
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So throughout the day, we're going to be with you all day today. We have two hours, obviously,
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live in the morning, our morning war room, then the afternoon, five to seven. Natalie's going to
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be at the White House this afternoon. Brian Glenn's at the White House right now. We're also going to
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be anchoring the Real America's Voice coverage with all of the personnel of Real America's Voice.
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Brian Glenn, Natalie. We got John Solomon, Amanda Head. Grant will be with us. The team at Studio 8H.
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Hopefully, Grant Posos will be pregame coverage, then after the State of the Union, or the joint
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address to Congress, whatever your feeling is. We'll do postgame analysis, all that. We're trying to get
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some people live in the field at watch parties. So you're going to want to keep it here at Real
00:17:27.800
America's Voice all day. Let's go to, we have Brian Glenn. Brian, let's go to, I've got Eric
00:17:32.500
Tietzel at CRA. I'm going to get to in a second. He's going to explain everything to you. Spencer
00:17:36.740
Morrison wrote this amazing new book called Reshoring. He'll be with us. Brian, today is kind
00:17:43.200
of game day, and President Trump timed this perfectly, and the White House staff want to
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give a hat tip to Susie Wiles, the entire team over there, not just comms, but kind of organizing
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everything. You kick off the economic war at midnight, then you roll throughout the day.
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You tell NATO to put up or shut up, and then you roll in to address not just the nation,
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but the world. How's it over there today, Brian? Get us up to date.
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Yeah, good morning, Steve. Good morning, War Room. It's kind of quiet here at the White House right
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now, as there's nothing officially on President Trump's schedule other than him departing the White
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House to the Capitol with the First Lady Melania Trump at around 830, but you teed it up perfectly.
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I mean, you want to talk about the news cycle, an economic war going on right now, and Alina
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Habba just did a quick gaggle in the break, and she mentioned, hey, you know, this is what
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it's all about. America first. Build your product in America, and you avoid the tariffs. That's
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what President Trump campaigned on. That's what the MAGA movement was all about. So, yes,
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there might be some temporary pains for the consumer lives, but Steve, you and I both know
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this is what we've been pushing for for a long time, and it's the reality of this world.
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And in regards, as far as Ukraine and NATO, hey, he said go. If you guys think you can
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handle it, go for it. And I think that's a bold move he said last night as well.
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It's a call. It's a call. It's you have to do it. You have to call their bluff and say
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you guys are big talkers. You let's be brutally frank. NATO and the EU, the party of Davos and
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Brussels got us into this war. They kept pushing and pushing and pushing. And it's never it when
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I was back in the Pentagon in the early 80s, the mere conception that NATO would be as far
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as in the Ukraine would have been looked at as madness, as pure madness. You know why?
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Because it is pure madness. They're the ones that push it. The European elites push it.
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They put up really no money. The United States put up $350 billion according to President Trump.
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We've got the forces that they want our security. This was with the punk Zelensky the other day
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was in the Oval forcing the entire time because that meeting at the Hay Adams with the senators,
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he thought he had cards to try to get the security guarantee. And President Trump says,
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quote, you have no cards. He's calling out NATO. And you cannot look, look, $700 billion. Let me repeat
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that. $700 billion of state of the art advanced high value added manufacturing by the premier companies
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in the world have been announced in the last three or four weeks. That has to be tied to the tariffs.
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It's working. Not only is it working, it's working on a level. The entire investment of foreign companies
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in Obama, excuse me, in the Biden regime, I think was, you know, $1.5 trillion. President Trump
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has surpassed that already in his first 40 days. It's extraordinary. And I'm just counting the real
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ones as the companies, but they're all top of the line. It's Apple. It's Taiwan Semiconductor.
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It's Honda, right? These are the best companies in the world, Brian Glenn. It's working right now.
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I will tell you, it's quiet on the outside, but in behind the scenes, Susie Wiles and the team,
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Peter Navarro, I've already talked to a bunch of them. They are, they're beavering away on this
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to make this an incredible day for President Trump, culminated in an incredible speech,
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Yeah, and wait till we hear pharmaceuticals moving their production to the U.S. That is a national
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security aspect as well. That will be huge. I saw a report last night that we have provided
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in this war 3.45 million rounds of ammunition. The EU combined was just over a million. So not only
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have we depleted a lot of the ammunition we have here, we've sent it over there, but we've done our
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fair share, as Joe Biden loves to say. But it's a bold move. But, you know, he is the master of
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the deal. Fair share. It should be some far. Fair share. We've paid our fair share. Fair share, dude,
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bro, bro, what do you, the head, hang on, the head of the Indo-Pac command, which is all the Indian
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Ocean, all the Western Pacific and East Asia, he said a year ago, unless we dial this down, he said the
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Europeans are putting in nothing as far as small arms and weapons go. And we're putting everything,
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we're not going to be able to defend Taiwan. He went on a congressional record. Also, Tucker Carlson.
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Tucker makes the point that all the arms we sent over there, and the Financial Times in London had
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this story that Harnwell and I went through a couple of years ago, that it's all being taken by the
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oligarchs, you know, 30 to 50 percent of it is being taken by the oligarchs and resold to criminal
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gangs, radical jihadists, criminal gangs in Europe and the rest of the world. They're taking our thing that
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the United States is giving them and they're taking and monetizing for themselves. These are
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the most corrupt people on earth. And they've finally gotten called out by President Trump,
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Yeah, no, you're absolutely right. And as far as what we can expect tonight, Steve, on the House floor,
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even though this is not an official State of the Union, but it's like one, the shenanigans will
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start probably from the very beginning as we will see House Democrats show their defiance with
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President Trump and talk about threats of democracy. And of course, Republicans will stand up and support
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the agenda. But Steve, you and I need to get on a side note on a lot. And this is a whole nother
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episode. But this this CR is it bothers me. There's a what's going on on the Hill right now is
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disturbing. It's a whole nother sideshow. I know that. But we need Republican Party to to do the
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right thing. And let's just see what that speech says tonight. Let's let's just see if we can change
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some attitudes there on the Hill. Well, hang on, hang on, hang on, hang on, hang on. It's got to
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include this. This is the best. Let me give you some bad news, brother. I don't know if you saw it,
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but Bloomberg came out late last night, early this morning with Doge's first report from the
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Pentagon. It's 80 million dollars. Doge has got to step up here. The whole CR is going to hinge on
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Doge and what they call these anomalies. You cannot pass a CR unless you have the Doge spending cuts in
00:24:18.680
there. And now the issue gets to be in the last 12 hours. Is there any there there? Doge, I think,
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has to step up to the plate right now. Elon Musk has got to walk through and we have to understand
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exactly, exactly, exactly what these cuts are have to be in the CR. CR is going to be very tough
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to pass. It's just going to be very tough to pass. It's going to be very tough. I think now I'm
00:24:40.080
hearing word it may be a 30 day to get their house in order on appropriations. But Brian, we'll talk
00:24:44.660
about that in more detail maybe this afternoon at five o'clock. How do people get you during the day?
00:24:49.920
It'll be a lot of activity in the White House. 830, 830. They leave at 830 to the Capitol. The
00:24:55.100
speech will start approximately about nine o'clock. Yeah, but nine o'clock. You can follow me at
00:25:03.020
BrianGlennTV across the board at Brian on True Social. And I'll get with you later and give you
00:25:08.800
a full rundown of how the BBC interview went last night and what they did not air and what they chose
00:25:18.600
Well, hopefully we'll get it and we'll air the whole thing ourselves. Brian Glenn now become a
00:25:24.640
major media star. I don't know who's getting the most clicks, Natalie Winters or Brian Glenn? I knew
00:25:31.680
that Rav and War Room would get a couple of White House correspondents and they would cause trouble
00:25:35.380
immediately, right? They would become controversial. Brian Glenn, oh, we just lost the feed on
00:25:41.760
Brian Glenn. Brian Glenn at the White House. So tonight, coverage live here for the first two hours
00:25:47.840
this morning as usual. Back at five to seven live. Now we'll be back over the White House and then
00:25:53.380
we will recommence from eight o'clock until 11. We'll have some pregame coverage, have the entire
00:26:00.980
America, Real America's Voice team. Then the president will leave, actually leave with the first lady to
00:26:06.360
the to the Capitol around 830. We'll cover all that. The speech approximately nine o'clock should take
00:26:11.600
at least an hour. I believe he's going to talk about disruption, other topics like that. Let's go
00:26:18.320
to let's go to Eric Tietzel. Eric from CRA. Eric, I know you guys cover both. And of course, Russ
00:26:25.320
vote is in the middle of the CR. He's in the middle of the tariffs. Let's talk about Ukraine, sir. Your
00:26:30.900
thoughts about where we stand in all this. Good morning, Steve. And good morning to the posse and
00:26:36.240
team Natalie, for what it's worth here on my end. No offense to Brian, of course.
00:26:44.420
I got to stick with my Claremont fellow classmate.
00:26:51.260
Yeah, I like the way you talk about this as economic warfare. You're exactly right. Of course,
00:26:55.760
we know that war is just politics by another means, right? What the president is engaged in
00:27:02.420
is statesmanship. It's statecraft. He is putting America first in every aspect of policy, whether
00:27:11.620
that's trade or war or the economy. For the first time in my entire life, we have a president who is
00:27:20.360
willing to do things on behalf of the American people that have not been done before. And it's
00:27:26.020
breaking out right into the open just in the last couple of days. It truly is historic.
00:27:30.320
Um, let's, let's, let's talk about that. When you say that this is a whole new, what I call
00:27:37.820
geoeconomics, he's looking, he's not, this is not a tariff on a tomato in Mexico. It's not a tariff
00:27:43.800
on a, on a, like a part under the hood. I tell you what, let's take a break and we'll, uh, and we'll
00:27:48.280
come back. Eric Tiesel for Center for Renewing America. We have, uh, Spencer Morrison, the great
00:27:54.600
author of the book. By the way, it's Studio 6B. They're going to join us. There's actually a live,
00:28:01.360
I think they're having a live watch party. We're going to have people there. What we want to do,
00:28:06.400
if you have a watch party, put it in the chat right now. Let Grace and Moe see it. We want to cover as
00:28:12.340
much of that as possible as the MAGA movement and the nation and the world gather around their
00:28:18.660
televisions tonight, no matter what time it is in Europe or in Asia, to watch the president
00:28:23.760
of the United States on the days of thunder and the years of lightning, flooding the zone
00:28:29.220
with MAGA and Donald John Trump. Short commercial break. Back in a moment.
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...is largely implicit or indirect or customary. We actually have specified our commitment through
00:31:10.180
things like the designation of Taiwan as the pacing scenario for the department. So my view that the
00:31:15.500
combination of the greater threat from China and the lack of preparedness on our part, I have a
00:31:20.660
different assessment with respect, Senator, about Taiwan's efforts. I think actually as a proportion
00:31:24.360
of GDP, it's well below 3%. I agree with President Trump that they should be more like 10% or at
00:31:28.920
least something in that ballpark, really focused on their defense. So we need to properly incentivize
00:31:33.740
them. So together, that means that my focus has been, again, with the shooting the flare metaphor
00:31:38.040
I used earlier, Senator, to get Taiwan motivated to avoid precipitating a conflict that is not
00:31:44.460
necessary with Beijing and giving us time and space to be able to try to rectify this problem
00:32:00.660
Thank you, Mr. Chairman. Welcome, Mr. Colby, to you and your family.
00:32:04.860
I ask the following two initial questions with relevance to...
00:32:08.860
We're going to listen for a few minutes. This is the controversial hearing over Eldridge Colby
00:32:15.460
to be one of the assistant undersecretaries of defense. Very controversial. Let's go back and watch.
00:32:22.240
Have you ever faced discipline or entered into a settlement relating to this kind of conduct?
00:32:29.720
I think it's interesting that you would not say whether Russia invaded Ukraine and saying that this is a
00:32:38.580
complicated kind of a situation right now, but I think I also heard you say that you would give the
00:32:44.260
president your best advice, advice regardless of what you think he might want to hear.
00:32:50.220
So I'm going to ask you a simple question relating to whether Russian military forces invaded
00:32:57.820
Ukraine. In February 2022, did Russian forces cross the border and invade Ukraine? Yes or no?
00:33:04.640
Well, Senator, you're describing a factual reality that is demonstrably true.
00:33:09.740
Yes. So that would mean that Ukraine invaded... I'm sorry, Russia invaded Ukraine. So that was a question
00:33:15.800
that you would not answer. I think that's pretty important because if you... We care about what Xi Jinping
00:33:22.080
thinks about what this president does and thinks. And if Xi Jinping thinks that we have a president who
00:33:30.800
does not separate fact from fiction, such as who invaded Ukraine, I would think that maybe
00:33:36.280
the president has some conclusions that he would draw, maybe having to do with, as our ranking member said,
00:33:46.020
U.S. fecklessness. And I also think that one of the reasons that our NATO allies are increasing their
00:33:52.800
spending on military is that they do not think that they have a particularly stable partner in the U.S.
00:34:00.740
and therefore they better look to their own interests because they can no longer rely on the U.S.
00:34:07.280
I think that is a very bad situation for the United States to be in, especially as we identify China as a
00:34:14.380
pacing threat and also whatever Russia is thinking along these lines. Clearly they think that they now have
00:34:21.860
a friend in the president. I don't think that helps us vis-a-vis our strength regarding Russia,
00:34:33.260
regarding China. In fact, I think that we are placing ourselves in a very weakened position with regard to
00:34:41.720
how we are viewed by our adversaries, that would be China as well as Russia, and our allies are
00:34:48.580
like not a good situation to be in. We need a president who can separate fact from fiction.
00:34:54.240
Let me move on. Since the administration has identified China as a pacing threat and the
00:35:00.960
importance of Indo-PACOM to face that threat, would you agree with that? Yes, I think the
00:35:07.620
department has identified China as the pacing threat, as I understand. But Indo-PACOM provided
00:35:11.860
Congress with an $11 billion unfunded priorities list, and this says to me that there is a
00:35:20.220
misalignment of our funding decisions and strategy. If we consider Indo-PACOM to be a priority, and yet
00:35:27.600
you have Indo-PACOM putting forward an $11 billion unfunded priorities, what would you do to decrease
00:35:35.940
the unfunded priorities and align our strategy and the importance of Indo-PACOM with the resources
00:35:42.700
that it gets? And would you agree that maybe we should provide Indo-PACOM with more direct input
00:35:53.180
into the department's budgeting and resourcing priorities? Well, Senator, what I'd like to say
00:35:58.600
is, if I may, is I think this is exactly the kind of baseline reality that I think so much of my
00:36:05.400
strategic argumentation proceeds from. A lot of what I'm saying is that, you know, many of us
00:36:11.280
in the public debate and so forth are acting as if, you know, we can do everything, but the reality is
00:36:17.460
that there's an $11 billion unfunded priority list from Indo-PACOM, and realistically, I bet the real
00:36:22.600
deficit is even higher, given that that's just what came out. So, Senator, if confirmed, I would make
00:36:27.920
it an absolute priority, given the priority that China must get across administrations. I think this is
00:36:32.640
now a matter of strategic consensus to try to not only drive that down, but to, you know, reform the
00:36:39.680
department and reprioritize it to actually go through and carry out the strategic shift that's been
00:36:44.880
talked about in some ways since probably Bob Work was Deputy Secretary of Defense at the end of the
00:36:48.720
Obama administration. So would you agree that Indo-PACOM, that command should be provided with more
00:36:55.940
direct input into the department's budgeting and resourcing process? Senator, I don't have enough
00:37:01.540
information to say specifically organizationally where I would fall on that, but certainly that
00:37:05.780
perspective needs to get, I would say, an elevated. I hope so, because an $11 billion unfunded priority,
00:37:10.580
that is the largest unfunded priority list of any of our combatant commands. Thank you, Mr. Chairman.
00:37:16.260
Thank you. And let me observe, Mr. Colby, that I have been somewhat critical of the COCOMs that have
00:37:29.380
not come forward with... Let me bring in... In the middle of this... Okay, you have the beginning of the
00:37:36.820
Third World War. The kinetic part. This is more dangerous, as I keep saying, as the time between
00:37:44.500
1939 and 1941. That would be the invasion of Poland by the Wehrmacht. And in June 1941, the invasion of
00:37:51.540
Russia by the Wehrmacht. That time, the invasion of Poland, later the fall of France, later the Battle of
00:37:59.860
Britain, the air war over Britain, what we call the Blitz. Different operations in both Norway
00:38:06.740
and in North Africa. All of those combined until the Wehrmacht unleashed on the Russians in June of
00:38:15.380
1941. Those two allies at the time turned on each other. The killing was, I don't know, a tenth
00:38:22.500
what has been in Ukraine and in Israel. We are in the Third World War, and now you see the economic
00:38:29.220
part. In fact, the Chinese Communist Party has been at war with us since at least May of 2019,
00:38:35.620
when they declared a people's war. She declared a people's war. They fight called unrestricted
00:38:39.620
warfare. A big part of this is economic warfare. This controversy, and what you're seeing right
00:38:46.340
there, and I think Bridge did a great job. The book, his name is Elbridge Colby. That last name,
00:38:53.620
he's the grandson of William Colby, a hero in World War II with the OSS, but one of the more
00:39:01.380
controversial directors of the Central Intelligence Agency, and so Bridge Colby comes from kind of that
00:39:07.620
Ivy League, you know, the folks that have been kind of running the country. I know him. I'm a big
00:39:14.820
admirer of this book, and Bridge falls in an unfortunate category. This is a very controversial
00:39:22.660
position that President Trump has elevated him to. He has to be Senate confirmed. Michael Anton over at
00:39:27.700
the State Department and Bridge Colby run what are called the policy sectors. Michael Anton actually
00:39:33.940
sits in the seat of George F. Kennan, who wrote the long memorandum. It was called the X Memorandum,
00:39:41.140
I think in the late 1940s, that basically laid out the containment strategy against the Soviet Union,
00:39:47.940
who we realized quickly after funding them in World War II that the Russian people might be our allies,
00:39:53.540
but that the Bolsheviks and the Soviets were certainly not our allies. So Michael Anton has
00:40:00.900
that position. People know Michael very well. He was in the National Security Council with us in the
00:40:05.700
first term and wrote the famous memorandum on Flight 93 in the 2016 campaign. Bridge Colby is going to take
00:40:14.260
the equivalent job in the Pentagon. And the reason this becomes so controversial is, and one of the
00:40:20.740
reasons I did that long interview with Kurt Mills is that Tucker Carlson has come out and been a big
00:40:24.740
supporter of Bridge Colby. Bridge Colby's theory of the case is the following, that he thinks we ought to
00:40:29.860
wrap up this situation in Ukraine and that we shouldn't be in a war, we shouldn't be supporting a war
00:40:35.780
on the erasian landmass. He also has said consistently, as we have, we have to pivot away from CENCOM. We have to
00:40:43.620
pivot away from the Middle East. The Middle East is a interesting theater, but it's not the
00:40:49.620
existential theater, okay? It's like in World War II. The decision was made by the FDR that although the
00:40:57.220
Japanese attacked us at Pearl Harbor, and that's what got us into the shooting point, shooting part of
00:41:02.660
World War II in December of 1941. And in fact, we never declared war in Germany. Germany actually declared war on us,
00:41:09.620
I think three or four days later, because they had a secret treaty with the Japanese,
00:41:13.700
that the priority would be Germany first, hold ground to the Pacific, and then later
00:41:19.620
drive to Tokyo. Bridge Colby's just said, he says, hey, look, I don't think CENCOM is as important as
00:41:25.940
it is. I just don't think CENCOM is the center of gravity of our strategy, has to be to defeat, or in
00:41:33.380
his case contain the Chinese Communist Party. My colleagues and my brethren over at the Committee
00:41:40.260
on the Present Danger, and people like Captain Fennell, and Bill Gertz, the great Bill Gertz,
00:41:46.420
and Frank Gaffney, all the people over there, they think Bridge Colby's too weak, way too weak on the
00:41:51.780
Chinese side. They say, look, he's for containment, he's for Kissinger's detente, he's not that strong on
00:41:58.580
Taiwan, he's not like we are, that won't take down the Chinese Communist Party. But the biggest hit he
00:42:03.300
gets, and some of this comes from that he's not a defender of Israel. And this has made him a very
00:42:08.660
controversial figure. I think Bridge Colby, if you look at the other possibilities, I think Bridge
00:42:13.460
Colby's going to do a fine job. And like I said, I don't support Bridge Colby in all these policies,
00:42:17.380
I'm much more aggressive when it comes to the Chinese Communist Party. But Bridge's book, A Strategy,
00:42:22.580
of denial, kind of is what a great power struggle is, where you basically have command by negation.
00:42:29.540
And his command is to stop them from becoming a hegemon in East Asia.
00:42:35.140
Brother Tetzel, with Ukraine, Bridge Colby, where do you stand? Where do you stand with Bridge Colby?
00:42:40.420
Because this is controversial. I think one of the controversies is that Tucker, who's thought this
00:42:46.020
through, and I appreciate Tucker's opinion on this a lot. I think Tucker's one of the brightest guys
00:42:50.100
out there. Tucker, and kind of the Kurt Mill School. I love Kurt. I've known Kurt for years
00:42:55.700
and years and years. Kind of the American conservative, the paleo-conservatives, right?
00:42:59.700
They think that we way overemphasize the Middle East, and we have to get much smarter. They really
00:43:05.940
are more of an America first. Would love the Panama Canal to Greenland strategy, the hemispheric
00:43:11.540
defense that President Trump is picking up. But where do you come down on Bridge Colby? And folks,
00:43:16.020
we'll be dipping in and out of this throughout the day. In fact, Grace, if we
00:43:20.020
can put that up on one of our other channels on Rumble, I think it'd be great, because this is
00:43:23.860
one of the more controversial selections that President Trump has had.
00:43:29.940
Yeah, Bridge Colby is a special guy, and just the right guy for this job, in my view. I think
00:43:36.020
it's a testament to him that, as you say, he was raised really in the swamp, in the regime. And he's
00:43:44.020
qualified in all of the ways that a typical person for a role like this would be qualified.
00:43:48.900
Yet he somehow managed to get through with his brain still screwed on correctly, not having been
00:43:53.940
infected by the same ideology that has led the world for the last generation or more. He's an
00:43:59.460
independent thinker. He has done much to stand up and certify a next generation of foreign policy thinkers
00:44:09.220
outside the blob who are putting America first. And it's perfectly reasonable to disagree with some of the
00:44:15.860
specifics around the edges of what he thinks and to argue about those things. That's good. That's
00:44:20.900
healthy in the America first movement. But at the end of the day, Bridge Colby is the kind of person
00:44:26.180
who's going to carry forward the president's agenda alongside a guy like Mike Anton. And I'll say this,
00:44:32.100
if nothing else, if he can sit there and listen to Maisie Hirono talk for five minutes, he'll be
00:44:37.540
She did have a good point. Now she's from Hawaii and Pearl Harbor is in her. She did have a good
00:44:44.980
point. Indo-Pac command has a, and this, this gets back to the CR. This gets back to Doge being over
00:44:50.900
at the Pentagon. This gets back to hemispheric defense. I'm a huge believer right now that what
00:44:55.540
Pete ought to do is we got to take a, we just passed a $900 billion NDAA. We then add in the,
00:45:03.140
in the reconciliations, we've added another about a buck 25. So we're over a trillion dollars in
00:45:08.100
current funding of, of the, of the Pentagon. And you saw the first cut that, that, that, uh,
00:45:13.780
Elon had was $80 million. So it's not going to be relevant unless he gets serious about this.
00:45:18.820
The point of the CR, the point of this fight over Ukraine, the point of calling the bluff of the
00:45:23.220
Europeans is that this cost the, the strategy of the United States, right? To be kind of a hegemon
00:45:30.500
and be everywhere and support fighting everywhere, supporting all these fights. It's ridiculous
00:45:35.780
strategically. And it's even more ridiculous economically. President Trump, that Panama to
00:45:40.740
Greenland is more of a naval strategy. And this is where, and I think bridge and Michael Anton are
00:45:45.860
two of the smartest guys I know. And I think that's what it, what it, how it fits in. I also,
00:45:50.180
and I addressed this Israel 365 in Dallas, and I want to thank Rabbi Walecki and others for having
00:45:56.420
me. There was a great audience, kind of a MAGA audience. And, and, and what I said is that,
00:46:00.740
hey, what we have to do, and I think bridge is a big proponent of this. I think Tucker's a
00:46:04.900
proponent of this. I'm a proponent of this. We have to make sure in everything that's going on
00:46:09.300
in the Middle East right now, that the United States of America and Israel does not get sucked
00:46:14.260
into a land campaign against the Persians, or even an air campaign against the Persians. There's
00:46:19.060
other ways to deal with this situation. And, and I keep saying, hey, as bad as the Persians are,
00:46:24.660
you just, you just crushed Hezbollah in Lebanon. Now you've got Turkey that took down Syria. The
00:46:30.660
threat is to me, Qatar's money, Qatar's money and, and Turkey's, you know, uh, reestablishing
00:46:38.020
the Ottoman Empire and the Caliphate. That's a problem. And we, we've got to be very focused,
00:46:42.420
but we cannot get into another land war. And there's a lot of people itching to go,
00:46:47.220
go shoot it out, uh, with the Persians. And as a guy, as a young man was on a destroyer off the
00:46:52.260
coast there, I will tell you that place is like the surface of the moon, right? It's,
00:46:56.820
it is so vast and so big and we don't want any part of it. Your thoughts, uh, brother, uh, Tietzel.
00:47:02.900
There's a time and a place for war, uh, a just war. But I think what people are waking up to is
00:47:08.580
the extent to which America's entire approach to economic growth has been dependent on war.
00:47:14.580
Uh, we do have an industrial policy and it's war. That's why we've been at war for, uh, half of my
00:47:21.220
life, if not more. Um, the president is putting a stop to that and rightly so. Uh, there's this theory
00:47:27.860
of economics that people may be familiar with. Uh, it's called the broken windows theory.
00:47:33.300
And it's basically the argument that you make a bunch of windows and then have somebody break
00:47:37.220
them and that creates economic development because you got to make new windows, right?
00:47:40.820
But of course it's fallacious, uh, because they're not counting the cost of the broken glass. And what
00:47:46.260
we've seen over the last generation is a broken bodies theory of economics. It's fine if Ukrainians
00:47:52.260
are dying, it's fine if Russians are dying, it's fine if Afghans are dying or somebody has to die
00:47:57.620
because don't you understand that we're giving sub grants to weapons manufacturers and every
00:48:02.420
congressional district in America that cannot be the way that we grow as a country. And that's
00:48:08.740
why you're exactly right to prove that all of this is tied together tariffs, Ukraine, Russia, Israel,
00:48:15.940
Gaza. The president is taking a whole of economy, whole of nation approach to say, we're not going
00:48:21.220
to be that anymore. We're going to revitalize areas of America with real industry apart from the
00:48:27.540
military industrial complex. You know, Tucker Carlson, Kurt Mills, Steve Bannon, Eric Tietzel,
00:48:35.300
uh, other people in our movement. We're not doves. We're far from it. Uh, we're just not neocons.
00:48:42.260
We don't want to be everywhere. And as a naval officer, as a young man, you know, I, we went from
00:48:46.900
the Western Pacific and one deployment all the way to the North Arabian Sea in the, in the Persian Gulf.
00:48:51.620
So I got a tour of my, my, uh, uh, other members of the family, the same thing. And it's a vast
00:48:57.380
world that we can't be everywhere and we can't be fighting everywhere because it's ridiculous.
00:49:01.860
It's just ridiculous. And you're a hundred percent correct. Hang on for a second. I want to get to
00:49:05.060
the economic warfare part of this, Eric, if you can hang on a second. I want to bring in Spencer.
00:49:09.940
The new, the book is reshoring. It's absolutely brilliant. The timing of this is exquisite,
00:49:15.140
sir. You launched the book on the day of, uh, on the day, uh, that we start the economic war
00:49:20.420
against the Chinese communist party and also give a love tap to both, uh, Mexico and Canada.
00:49:26.180
What, what is president Trump's theory of the case here, sir? Wall Street's going crazy. Uh,
00:49:31.220
the, the business press is, oh, this is terrible. It's the end of it. I think your theory is very
00:49:36.660
close to president Trump. You think the exact opposite, do you not? Yeah. President Trump has
00:49:42.340
been saying this ever since he was a young man. I remember an interview we did. I think it was on
00:49:47.460
Oprah and he was talking all about how America is losing its industrial might and its industrial
00:49:53.300
capacity. Uh, and tariffs are the prime tool to reshore our factories and to bring those good middle
00:49:59.860
class jobs back to America. And tariffs have two main policy components. Okay. There's an economic
00:50:06.980
side of the coin. The other side of the coin, uh, is, uh, is power. It's national defense.
00:50:12.260
Uh, money is power, right? Um, so what tariffs are going to do and president Trump,
00:50:18.500
his latest executive order as of yesterday says, look, we're going to slap another 10%
00:50:22.980
tariffs on China. Uh, the reason for that, uh, you know, the purported reason is he says,
00:50:28.740
look, they're bringing all this fentanyl into the country. They need to be punished. But when taken
00:50:33.140
into consideration with all of the other policy objectives and things that the president is doing,
00:50:38.420
you can see that as part of a much broader, uh, agenda, uh, to strengthen America and the
00:50:44.900
backbone of this country, the backbone of this country since, uh, you know, since the late 1800s
00:50:50.340
has always been our industry. How do we beat the Germans in World War II? How do we beat the
00:50:55.540
Japanese? We beat them because we were able to build so much more, uh, military, uh, products
00:51:03.540
than them. Not only that we were ahead of the curve in terms of technology, right? So we, we had a
00:51:10.420
wonderful confluence of economic production, uh, and technological growth. And unfortunately,
00:51:16.980
since 1974, all of that has been bleeding out of this country. We've been sending our factories to
00:51:22.740
China. We've been sending our technology industry over to Europe and to India, and we're losing the
00:51:28.820
edge. Uh, right now America is buying the future that we used to build. Uh, and case in point is
00:51:35.380
this trade deficit, right? America spends almost a trillion dollars every year buying foreign products,
00:51:42.020
stuff that we should be making in this country. And that's displaced.
00:51:45.300
Okay. But the wall, hang on, hang on, but the wall, yeah, but hang on the wall street guys and
00:51:50.740
particularly Gary Cohen and I fought this every Navarra and I versus Gary Cohen and Mnuchin every
00:51:55.620
day in the first term, every day. And they would say, uh, they were both Goldman Sachs guys and they
00:52:01.380
would look me in the ISA trade deficits don't matter. That is a ridiculous way to look at the
00:52:06.260
world. Your thoughts, sir. Well, they're completely wrong. Trade deficits matter because of the way the
00:52:12.820
books are actually balanced. So when, when we spend a trillion dollars abroad on foreign goods,
00:52:18.500
the Chinese aren't giving us all of that for free. We have to pay for it somehow. And there's
00:52:22.580
only two ways we can pay for it, Steve. We either pay for it by selling assets or we pay for it by
00:52:28.980
selling debt. Now, what does it look like on the asset side? Because we have to balance the books,
00:52:33.540
right? Uh, assets are real estate. Assets are ownership of America's companies.
00:52:39.460
So a really good example, last year, foreign buyers bought up a $62 billion worth of American
00:52:46.020
real estate, everything from ranch land in Iowa to real estate in Manhattan and San Francisco.
00:52:53.140
And this is putting huge pressure on our real estate markets. I mean, we talk about all of these
00:52:58.820
people, uh, young people who are unable to afford to grow up in the communities, uh, you know,
00:53:04.660
where they were raised. They can't buy houses in the cities they grew up in.
00:53:08.420
The big part of the reason for that is all of these foreigners are buying up all of that land
00:53:12.260
with money that we give them for goods. Uh, look at ownership of America's corporations.
00:53:17.300
When China joined the World Trade Organization in 2001, uh, about 7% of our, uh, corporations were
00:53:25.540
owned by foreign entities. Today it's up to 17%. We're giving them money to buy our land and to buy our
00:53:32.900
corporations. Uh, not only that they're buying up, uh, our debt. They're basically, uh, when we
00:53:39.540
send money abroad, that money has to be spent in America. So we're giving them money to fund the
00:53:45.460
federal government's debt. Uh, and not, so essentially what we're doing is we're borrowing money from, uh,
00:53:51.460
these countries and paying them interest for the privilege of purchasing their goods, the goods
00:53:56.020
that we should be building in this country. So wall street's got it totally backwards. Uh,
00:54:01.380
they're, uh, essentially covering, uh, covering their own tracks.
00:54:06.340
It doesn't matter that the books are balanced. It also matters how they're balanced.
00:54:12.660
Um, what about, uh, I'll tell you what you hold on. We're gonna go to the top of the hour. Uh,
00:54:17.780
Eric Tietzel, we got to bounce. What's your social media? Where do people get you at CRA? Uh,
00:54:22.580
you know, you've, you're, you're the stand in, you've replaced Russ vote, the Grace Russ vote.
00:54:27.380
People still want to get all the information. I know what you guys are up to, where they go.
00:54:30.660
Yeah. No one will ever replace Russ, but we're, we're doing our best. You can find me at Eric
00:54:35.780
Tietzel and at center for renewing America to follow all the great work that the team's doing
00:54:40.580
over here. Thank you, Steve. Great to talk to you. Thank you, brother. Um, we're gonna take a short
00:54:48.820
commercial break. The 11 o'clock hour, we got Tom Fenton also going to go to Rome to, uh, get, uh,
00:54:55.940
some perspective on what president Trump's doing, the economic warfare side and Ukraine.
00:55:02.260
We have Ben Harnwell teed up. We also have Spencer Morrison, this amazing new book,
00:55:08.100
reshoring that puts the lie, everything you've been told about terrorists. President Trump
00:55:13.220
understands this. This is economic warfare flat out. And guess what? He's going to win this one,
00:55:20.820
just like he took down ISIS, just like he's going to take down the cartels.
00:55:24.820
He's going to stop the chemical warfare attack, the second opium war driven by the Chinese Communist
00:55:30.340
Party and a lot more from the EU to Canada, to Mexico, all of it. President Trump, winner takes
00:55:38.340
all short break. We're going to leave you going out with the right stuff. We'll be back in a moment.
00:55:53.940
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