Bannon's War Room - Episode 4367： New Tariffs Announced; American Car Manufacturing Is Back

00:00:00.980 Kaitlin's having a rough couple of 72 hours or so.

00:00:04.680 Dissed and dismissed.

00:00:07.560 I got a question, Bowling.

00:00:09.460 You know our guy Pete Hex is better than anybody.

00:00:12.400 Is Pete going to back up one inch on these guys?

00:00:14.480 No.

00:00:15.020 No, Pete is a great guy.

00:00:16.920 Pete is doing a great job.

00:00:18.380 If you listen and watch some of the things he's doing right now,

00:00:20.820 he's doing that no one's done before.

00:00:23.080 He knows it.

00:00:24.060 He lived it.

00:00:26.260 What a wonderful guy.

00:00:27.400 They better not.

00:00:28.420 They better not.

00:00:29.080 They just better back off Pete Hex.

00:00:31.340 They'll be very, very sorry if they do.

00:00:34.600 I think he survives.

00:00:36.700 Eric, I think all of us are very proud of the fact of all the work people did

00:00:41.240 to get Pete Hex confirmed.

00:00:42.660 It's paid off many fold already.

00:00:45.500 Great man.

00:00:46.220 Yes, sir.

00:00:46.700 All your stuff.

00:00:47.140 Eric Bowling.

00:00:48.020 And by the way, Mad Dog got great clips, great polls.

00:00:54.760 Caroline Love was fantastic.

00:00:57.080 Dissed and dismissed.

00:00:58.060 We'll send it to you.

00:00:58.980 We'll send it to Cameron and Collins.

00:01:01.460 All right, brother.

00:01:02.000 See you soon.

00:01:02.740 Thank you.

00:01:03.580 Thank you, brother.

00:01:04.640 See you.

00:01:05.700 Okay.

00:01:06.120 We got MTG at the White House.

00:01:08.220 We're going to do a compression today.

00:01:10.640 It's full on attack on multiple fronts against President Trump and his team from the federal courts.

00:01:18.700 And we just heard the federal court, the appellate court in Washington, D.C. refused to remove, what is it, Bosberg.

00:01:25.040 Let's play the cold open.

00:01:26.600 We're going to go to the White House.

00:01:27.780 Marjorie Taylor Greene is with us.

00:01:30.500 Let's hit it.

00:01:31.300 This morning we learned that the signal chat included the following update, forward-looking update from the Secretary of Defense.

00:01:40.720 Time now.

00:01:42.040 11.44 Eastern Time.

00:01:43.680 Weather is favorable.

00:01:44.600 Just confirmed with CENTCOM.

00:01:45.840 We are go for mission launch.

00:01:47.140 12.15 Eastern Time.

00:01:48.380 F-18 launch.

00:01:49.280 First strike package.

00:01:50.360 13.45.

00:01:51.380 Trigger-based F-18.

00:01:52.680 First strike window starts.

00:01:54.060 Target terrorist is at his known location, so should be on time.

00:01:57.500 Also, strike drones launch.

00:01:59.420 MQ-9s.

00:02:00.540 14.10.

00:02:01.560 More F-18s launch.

00:02:02.960 Second strike package.

00:02:06.720 Do either of the directors want to reflect on their testimony yesterday in the context of what I just read?

00:02:12.380 Sure.

00:02:12.820 One, I was not on that signal chat.

00:02:14.520 Two, I have not reviewed it.

00:02:16.020 And three, as you just indicated, that was made public this morning.

00:02:19.860 But, Director, you didn't, prior to yesterday, you were on the signal chat, correct?

00:02:25.460 No.

00:02:25.640 Okay, but did you review the material on the signal chat?

00:02:29.220 No, I wasn't on it.

00:02:30.220 Director Gabbard?

00:02:32.960 Yes, Ranking Member.

00:02:34.240 My answer yesterday was based on my recollection or the lack thereof on the details that were posted there.

00:02:42.560 I was not, and what was shared today reflects the fact that I was not directly involved with that part of the signal chat

00:02:50.620 and replied at the end reflecting the effects, the very brief effects that the National Security Advisor had shared.

00:02:59.200 Director Gabbard, you've reasserted that there was no classified information.

00:03:04.580 I think we can all agree that that information shouldn't have been out there.

00:03:07.940 But let me ask you this.

00:03:09.040 Are you familiar with the ODNI's classification guidance?

00:03:13.140 I'm familiar with it.

00:03:13.740 I've actually got a copy right here.

00:03:15.080 If I read you a part of that guidance, I wonder if you could tell me what the level of classification indicated is.

00:03:23.520 I'm reading from your classification guidance, and the criteria is information providing indication or advance warning

00:03:33.040 that the U.S. or its allies are preparing an attack.

00:03:37.020 Do you recall what your own guidance would suggest that that be classified?

00:03:40.760 I don't have the specifics in front of me, but it would point to what was shared would fall under the DOD's classification system

00:03:50.440 and the Secretary of Defense's authority to determine what is classified and what is not.

00:03:54.020 Let me help you because there's a very clear answer.

00:03:56.320 I guess you don't have it, but information providing, and this is the ODNI guidance,

00:04:02.020 information providing indication or advance warning that the U.S. or its allies are preparing an attack

00:04:07.020 should be classified as top secret.

00:04:08.960 Just piggybacking off of what some other members have said, using the DOD's manual,

00:04:15.560 as well as the executive order in operation today with the Trump administration,

00:04:20.040 this text message is clearly classified information.

00:04:24.500 Secretary Hegseth has disclosed military plans as well as classified information.

00:04:29.540 He needs to resign immediately.

00:04:31.920 He needs to resign immediately, and a full investigation needs to be undertaken with regard to

00:04:37.820 whether other similar signal chats are occurring in this administration.

00:04:43.420 Unfortunately, all of this good is happening for our country.

00:04:46.860 This administration is working hard on behalf of the American public every day,

00:04:50.540 but the mainstream media continues to be focused on a sensationalized story from the failing Atlantic magazine

00:04:57.480 that is falling apart by the hour.

00:05:00.000 Here are the facts.

00:05:02.700 The National Security Advisor has taken responsibility for this matter,

00:05:06.260 and the National Security Council immediately said, alongside the White House Counsel's Office,

00:05:11.920 that they are looking into how a reporter's number was inadvertently added to this messaging thread.

00:05:17.280 We have said all along that no classified material was sent on this messaging thread.

00:05:23.480 There were no locations, no sources or methods revealed, and there were certainly no war plans discussed.

00:05:30.620 Nobody is willing to come to us and say this was wrong.

00:05:35.000 This was a breach of security, and we won't do it again.

00:05:37.560 It is outrageous, and it is a leadership failure, and that's why Secretary Hegseth,

00:05:43.640 who undoubtedly transmitted classified, sensitive operational information via this chain,

00:05:50.840 must resign immediately.

00:05:53.520 There can be no fixes.

00:05:55.800 There can be no corrections until there is accountability,

00:05:58.820 and I'm calling on the administration to move forward with accountability.

00:06:04.100 I yield back.

00:06:04.760 One on a follow-up on something you just said, but since we have these messages released,

00:06:08.860 and you said that the president has now personally reviewed them,

00:06:12.400 at the chat, at one point, Pete Hegseth wrote,

00:06:15.360 1415 strike drones on target, and in all caps, he said,

00:06:18.920 this is when the first bombs will definitely drop.

00:06:22.160 Does the president feel that he was misled by his national security advisors,

00:06:26.160 whoever it was that told him there was no classified information in there,

00:06:28.820 now that he's seen these messages?

00:06:30.420 I've now been asked and answered this question three times by the both of you,

00:06:34.080 and I've given you my answer.

00:06:35.440 The president feels the same today as he did yesterday.

00:06:37.800 Okay, and I'm my, sorry, I'm my follow-up on what you had just said.

00:06:40.160 No, go ahead, Philip.

00:06:41.280 Caitlin, I'm not taking your follow-up.

00:06:42.580 I have a follow-up on something you just said, though, Caroline.

00:06:44.960 That's Caitlin, I'm not taking your follow-up.

00:06:47.520 Philip, go ahead.

00:06:48.440 I have called in.

00:06:48.780 Thank you.

00:06:49.400 And so if you, as the DNI, see such a thing anywhere within your organization's purview,

00:06:55.340 you have the obligation to begin an investigation to report back to us on that.

00:06:59.900 Would this seem to qualify to you as something worthy of that investigation?

00:07:05.840 Thank you for your question, Congresswoman.

00:07:08.140 In this situation, Secretary Hegseth has the classification and declassification authority over DOD information.

00:07:18.300 This chat did not have the auspice of being a DOD chat.

00:07:21.840 There's no such thing as labeling it as DOD.

00:07:24.020 This was a chat amongst a great variety of people, and you, according to our law that we passed here bipartisanly,

00:07:31.260 have an obligation when you think there has been a tangible, significant leak of information to instigate an investigation.

00:07:38.960 Do you not think it's important to do such a thing?

00:07:41.520 Well, the National Security Council is investigating this inadvertent leak.

00:07:46.160 And again, I point to Secretary Hegseth as having the classification and classification authority.

00:07:49.700 I would argue that Secretary Hegseth, if he had the dignity that he needs to have, should be walking his resignation in,

00:07:55.400 because I believe that his probably is heading toward being relieved of his duty based on what I think are significant and illegal leaks, most likely.

00:08:03.640 Very successful.

00:08:04.700 Is it classified, the information?

00:08:06.960 Well, the Pentagon says it was not.

00:08:08.700 And not only did they say it was not, they make very clear that it didn't put in danger anyone's life or the mission.

00:08:13.440 There was no intelligence information.

00:08:15.720 And understand, when this survey first broke, they were sort of alluding to whether there were war maps or this, there was no war plans on there.

00:08:21.780 This was a sort of description of what we could inform our counterparts around the world when the time came to do so.

00:08:31.100 Ultimately, the buck stops with the President of the United States of America,

00:08:33.960 which is why I made clear to President Trump yesterday in my correspondence that the Secretary of Defense should be fired immediately if he's not man enough to own up to his mistakes and resign in disgrace.

00:08:48.640 Additionally, the main person who was involved in this thread that a lot of people want to talk to is Secretary of Defense Hegseth.

00:08:56.800 And a lot of questions were brought up regarding his drinking habits and his confirmation hearing.

00:09:04.900 To your knowledge, do you know whether Pete Hegseth had been drinking before he leaked classified information?

00:09:11.900 I don't have any knowledge of Secretary Hegseth's personal habits.

00:09:17.380 Director Radcliffe, same question.

00:09:22.740 Yes or no?

00:09:23.740 You know, no, I'm going to answer that.

00:09:25.900 I think that's an offensive line of questioning.

00:09:28.100 The answer is no.

00:09:29.380 I find it interesting that you want to...

00:09:31.240 Hey, I yield back.

00:09:31.820 No, I'm going to answer...

00:09:32.820 This is my time.

00:09:33.120 You asked me a question, do you want an answer?

00:09:35.100 No, listen, it's a yes or no.

00:09:35.880 You don't want to focus on the good work that the CIA is doing, that the intelligence community...

00:09:40.520 Director, I reclaim my time.

00:09:42.320 Director, I reclaim my time.

00:09:44.140 I have huge respect for the CIA, huge respect for men and women in uniform.

00:09:51.080 But this was a question that's on the top of minds of every American.

00:09:55.900 This is what we're here to do.

00:09:57.940 Nobody's texting war plans.

00:10:00.760 Well, I noticed this morning, out came something that doesn't look like war plans.

00:10:06.460 And as a matter of fact, they even changed the title to attack plans because they know it's not war plans.

00:10:12.280 There's no units, no locations, no routes, no flight paths, no sources, no methods, no classified information.

00:10:23.880 You know who sees war plans?

00:10:25.540 I see them.

00:10:26.900 Every single day.

00:10:28.860 It's breaking right now.

00:10:32.580 There's a lawsuit on Signalgate that a leftist group called American Oversight has already filed.

00:10:38.920 And guess who the judge is that's been appointed to oversee the case?

00:10:45.420 It's Boesberg, the same judge that we've been talking about for the last two weeks.

00:10:50.880 This whole thing is they are at war with President Trump.

00:10:55.580 And everyone in the White House, from Caroline Levitt to Susie Wiles, on down, everyone else in there needs to understand that we are at war with these radical left psychopaths and these establishment media people.

00:11:10.600 The NBC News, Fox News, CBS News, they are not your friends.

00:11:18.320 Wake up.

00:11:19.580 They are not your friends.

00:11:20.760 They want to take down the president.

00:11:23.020 We've all worked together before.

00:11:24.900 And recent events, notwithstanding, we need you to succeed.

00:11:29.680 Your people and our safety requires you to succeed.

00:11:33.740 I really hope you do.

00:11:36.820 But let me say now that if some over-caffeinated 20-year-old succeeds in firing your linguists or your mathematicians or your paramilitary officers,

00:11:46.340 if you shut down some unit because Steve Bannon or Seb Gorka doesn't like it, America will be less safe and people will get hurt.

00:11:56.320 And I and this committee and history will be very unkind.

00:12:01.040 Wednesday, 26 March, Year of the Lord, 2025.

00:12:06.120 Himes, you be as unkind as you want.

00:12:07.640 We could care less.

00:12:08.600 We want to bring in Congressman Marjorie Taylor Greene of Georgia.

00:12:11.840 Congressman Greene, we cut in between the House Intelligence and your committee today.

00:12:17.300 We'll play your highlight reel in the second hour of the show.

00:12:19.980 But I like your assessment right now of there's obviously a big focus on taking out Pete Hegseth.

00:12:27.800 Ma'am, your thoughts?

00:12:28.920 Well, it's the same old Democrat play, right?

00:12:33.520 Repeat the lie enough times and somehow they make it truth.

00:12:36.700 And that's what we just heard over and over again.

00:12:39.220 There was no classified information shared.

00:12:41.820 There was no major breach of national security.

00:12:44.940 But the Democrats and their friends and the mouthpiece of the Democrat Party, the media, are going to repeat the lie over and over again.

00:12:52.920 So it's like Russia collusion lies 2.0.

00:12:56.520 Same playbook.

00:12:57.260 It's not going to sell, Steve.

00:13:00.140 And the truth that we saw in those chats was I saw a vice president that I'm proud of.

00:13:06.640 And I saw a secretary of defense that I'm proud of.

00:13:10.120 They weren't rushing off into another foreign war.

00:13:13.200 And they were diligently and carefully talking about this.

00:13:17.180 I didn't see any classified information.

00:13:19.000 And no matter how many times they lie, this one isn't going to stick.

00:13:26.440 You're very close to the president.

00:13:28.520 Are we under a no scalps policy, ma'am?

00:13:31.940 We've got about 30 seconds.

00:13:33.060 We're going to hold you through the break.

00:13:34.060 Is this no scalps?

00:13:37.160 This is no scalps.

00:13:38.600 We are not holding back.

00:13:39.980 We do not care.

00:13:41.340 We will accomplish our agenda.

00:13:42.820 President Trump is committed.

00:13:45.040 And there is nothing that is going to stop him.

00:13:49.280 Congressman Greene, if you could hang on for a moment at the White House.

00:13:52.480 It's a short commercial break.

00:13:53.700 When we come back, we're going to talk to Congressman Marjorie Taylor Greene about a hearing today on NPR and PBS,

00:14:01.920 chaired by her at the Doge Oversight Committee.

00:14:04.900 It was just barely less intense than the House Intelligence.

00:14:11.140 It was on fire.

00:14:13.120 Short commercial break.

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00:14:27.820 Short commercial break.

00:14:28.700 Johnny Kahn, who will be live in the second hour, will take us out with the Tea Party Anthem,

00:14:33.760 American Heart.

00:14:35.420 Back at the White House with Congressman Marjorie Taylor Greene in just a moment.

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00:19:25.140 Here's your host, Stephen K. Bannon.

00:19:27.740 Friend and foe.

00:19:34.640 And, frankly, friend has been oftentimes much worse than foe.

00:19:38.940 And this is very modest.

00:19:41.440 What we're going to be doing is a 25% tariff on all cars that are not made in the United States.

00:19:47.480 If they're made in the United States, there's absolutely no tariff.

00:19:50.120 We started off with a 2.5% base, which is what we were at.

00:19:54.560 And we go to 25%.

00:19:56.940 And, basically, as you know, and as you've been seeing, not reporting as accurately as it should be reported, because it's a massive story.

00:20:05.540 Business is coming back to the United States so that they don't have to pay tariffs.

00:20:09.580 And I think also because of November 5th, the election, they're very happy.

00:20:14.960 AI is coming back to levels that nobody's ever seen before.

00:20:18.660 It's sort of a new business, I guess, when you think about it.

00:20:22.060 But plants are going up all over the United States, and many of them have already been started.

00:20:27.780 We're getting early electricity taken care of.

00:20:31.340 We're getting permits very quickly for them.

00:20:34.300 And we're going to make their life very happy.

00:20:36.060 They're coming in with tens of billions of dollars.

00:20:39.600 Individual plants will cost $10, $15, $20 billion.

00:20:43.500 We're going to let them build electricity-generating plants along with their plant.

00:20:49.320 And they can't even believe it.

00:20:51.160 And we're going to get them very quick permits, as I've done always.

00:20:54.300 I did that in Louisiana with two LNG plants.

00:20:57.480 I got one permit in one day after waiting 14 years and the other one in one week after waiting for 12 years.

00:21:04.620 But this is very exciting to me.

00:21:06.180 This is the automobile industry, and this will continue to spur growth like you haven't seen.

00:21:12.880 Before I was elected, we were losing all of our plants.

00:21:15.440 They were being built in Mexico and Canada and other places.

00:21:18.660 Now those plants largely have stopped, and they're moving them to our country.

00:21:22.980 And Indiana, the great state of Indiana.

00:21:25.460 I love Indiana.

00:21:26.260 Honda is building one of the biggest plants anywhere.

00:21:31.680 And they've just started.

00:21:34.040 They wouldn't have done it without this.

00:21:36.040 In all cases, they wouldn't have done it without what we're doing.

00:21:40.200 So we'll effectively be charging a 25% tariff.

00:21:44.300 But if you build your car in the United States, there is no tariff.

00:21:47.280 And what that means is a lot of foreign car companies.

00:21:50.120 A lot of companies are going to be in great shape because they've already built their plant.

00:21:53.620 But their plants are underutilized, so they'll be able to expand them inexpensively and quickly.

00:21:57.880 But others will come into our country and build, and they're already looking for sites.

00:22:04.320 They're looking for mostly sites.

00:22:06.920 They don't want to take the old buildings that are empty and falling down.

00:22:09.780 They want to build new.

00:22:11.760 And there's tremendous action.

00:22:14.000 There is likewise for other companies and countries like the chip-making process.

00:22:19.640 Your chip bill was a disaster done by Biden.

00:22:22.480 All he does is give tremendous amounts of billions of dollars to chip companies.

00:22:28.180 That will do nothing with the money.

00:22:31.060 They're not going to use the money here.

00:22:32.720 They're going to just keep it.

00:22:33.800 They have plenty of money.

00:22:35.040 The one thing they have is they have a lot of money.

00:22:37.400 In our case, all we're doing is saying you can't come in unless you build here.

00:22:41.640 And the largest chip company by far is manufactured from Taiwan is building here.

00:22:47.860 And it will give us almost 40% of the chip market just with that.

00:22:50.740 They're spending almost $200 billion in the United States to build a plant.

00:22:55.660 And they've almost started.

00:22:56.640 And they'll be doing much of the work in Arizona.

00:23:00.100 So we have a lot of exciting things.

00:23:01.760 But to me, this is one of the most exciting.

00:23:03.700 Now, outside of one specific day, and that's Liberation Day.

00:23:07.740 That's the real Liberation Day of America.

00:23:09.820 And that's going to be in April 2nd.

00:23:13.300 And I look forward to it.

00:23:14.540 We'll have a little news conference.

00:23:16.280 We'll talk about it.

00:23:17.520 But this is very exciting.

00:23:18.760 So we're signing an executive order today that's going to lead to tremendous growth in the automobile industry.

00:23:27.680 As you know, the electric mandate that we did allows you to buy a car now electric or gasoline-powered or hybrid.

00:23:37.360 You can buy any car you want.

00:23:39.280 We had it so that within a short period of time, you had to buy all electric.

00:23:42.500 And the country could never get, they could never provide the money necessary to build all of those power plants that you would need all over the country.

00:23:52.540 As you know, in the Middle West, they built eight power stations.

00:23:57.060 That's like the size of this desk or smaller.

00:24:01.100 And they ended up spending $9 billion on eight.

00:24:04.840 And of the eight, four of them didn't work.

00:24:08.220 And we're not doing that.

00:24:09.780 So you can buy electric or you can buy gasoline or you can buy hybrid or you can buy whatever you want to buy.

00:24:17.440 And that's the way it should be.

00:24:18.620 The market's going to determine that.

00:24:20.920 And you're going to see prices going down.

00:24:23.360 But it's going to go down specifically because they're going to buy what we're doing, incentivizing companies to, and even countries, but companies to come into America and build.

00:24:34.900 And we're already setting records for new plants.

00:24:37.580 I think the new plant number, the tally is just within a period of a few weeks.

00:24:42.120 It's very large.

00:24:44.060 I want to be accurate.

00:24:45.000 It's very large.

00:24:46.380 And I'd like to ask Will just to come and give some of the basics and then I'll sign it.

00:24:50.900 And it's off to the races.

00:24:54.020 I think our automobile business will flourish like it's never flourished before.

00:24:58.020 Yes, please, Will.

00:24:58.940 Thank you, sir.

00:24:59.900 As you stated, we've prepared for your attention a proclamation imposing a 25 percent tariff on foreign-made cars and light trucks.

00:25:08.180 This is in addition to tariffs that are already in place on those goods.

00:25:12.580 In addition to, as you said, spurring increased domestic manufacture of cars and trucks, we expect that these tariffs will result in over $100 billion of new annual revenue to the United States of America in tariff revenue.

00:25:29.120 I think ultimately we could probably anywhere from $600 billion to $1 trillion will be taken in over the relatively short-term period, meaning a year from now.

00:25:44.440 But starting right away, starting right away, I think we'll go from $600 to $1 trillion within two years.

00:25:52.780 And I think we'll be very, I mean, right from the beginning, we're going to be at a very high number, right from the beginning.

00:25:57.920 And right from the beginning, you're going to have a lot of construction jobs, but you're also going to have a lot of automobile jobs.

00:26:04.100 So this is very exciting.

00:26:05.700 But it's also exciting because of what's happening with other aspects.

00:26:09.860 We're going to be doing tariffs on pharmaceuticals in order to bring our pharmaceutical industry back.

00:26:16.320 We don't make anything here in terms of drugs, medical drugs, different types of drugs that you need, medicines.

00:26:24.580 It's in other countries, largely made in China, a lot of it made in Ireland.

00:26:30.160 Ireland was very smart.

00:26:31.560 We love Ireland.

00:26:32.880 But we're going to have that.

00:26:34.780 We're going to have lumber.

00:26:35.600 We're going to free up some of our land.

00:26:37.480 And you'll be able to meet a lot of other standards like fire cuts.

00:26:41.680 If Los Angeles had fire cuts, which they didn't have, that's a gap of half a football field between areas.

00:26:49.540 You wouldn't have had the fires.

00:26:50.660 They would have been contained.

00:26:52.580 But you have fire cuts.

00:26:53.760 And by the way, you sell that wood for a lot of money, a lot of profit is made from that.

00:26:58.460 But we're going to be doing lumber.

00:26:59.660 We're freeing up our land so that people can, so that we don't have to use outside sources of lumber.

00:27:05.520 Energy we're doing fantastically well at.

00:27:07.740 You know, the energy prices have been coming down rapidly as we increase supply.

00:27:12.960 And we've already done that.

00:27:14.160 We have Chris and Doug are doing a fantastic job in that.

00:27:17.520 That's Department of Energy and Department of Interior.

00:27:20.720 And they're working together hand in hand because interior has the land and energy has the ability to do the drilling and do what they have to do.

00:27:30.460 Our coal areas are going to be open up for clean, beautiful coal.

00:27:35.540 Germany is opening up many coal plants now.

00:27:38.680 You know, they tried the wind and it didn't work.

00:27:40.360 They almost went out of business.

00:27:41.580 They almost went bankrupt.

00:27:43.280 They tried wind, which is a disaster because it's too expensive and it doesn't look good.

00:27:47.820 It kills all the birds.

00:27:48.760 A lot of problems.

00:27:50.160 But Germany is now building a lot of coal plants.

00:27:52.500 China is building one a week.

00:27:55.060 Think of that.

00:27:56.300 And they're using coal, which is very powerful.

00:27:58.540 Coal is a very powerful energy.

00:28:01.040 And we're opening up our coal mines again.

00:28:04.160 And we're going to do, I call it beautiful, clean coal.

00:28:06.960 The technology is so good now that coal can give you tremendous power at the same time.

00:28:12.760 It can be very clean.

00:28:14.300 But we're also obviously doing oil and gas and various other things.

00:28:18.100 You can do pretty much whatever you want.

00:28:19.760 We don't like the wind because we think it ruins the landscapes, the plains, ruins them.

00:28:25.900 And it's got a lot of problems.

00:28:27.620 It's also the most, by far, the most expensive energy.

00:28:31.920 It looks horrible in the oceans.

00:28:33.960 It's dangerous in the oceans in terms of navigation.

00:28:37.340 And if you look at what's happening with whales, you know, in one area, they lost two whales, like in 20 years, washed ashore.

00:28:46.140 And this year they had 17 wash ashore.

00:28:50.700 So there's something that happened out there.

00:28:52.560 There's something driving the whales, a little bit of loco.

00:28:54.900 But they lost two in 20 years.

00:28:57.140 And now they lost 17 in a short period of time.

00:28:59.720 So it's something wrong out there.

00:29:01.920 So this is very exciting.

00:29:03.460 This is going to lead to the construction of a lot of plants.

00:29:08.380 And a lot, in this case, auto plants.

00:29:10.000 And you're going to have, you're going to see numbers like you haven't seen, both in terms of employment.

00:29:14.700 It takes a little while.

00:29:16.520 You're going to have great construction numbers initially.

00:29:18.640 And then you're going to have, ultimately, you're going to have a lot of people making a lot of cars.

00:29:23.100 And one other thing, we are trying, we have the Speaker of the House with us who's doing a fantastic job.

00:29:29.200 And where's Mike?

00:29:30.980 And we're trying to get approved.

00:29:32.540 Mike, thank you very much for being here.

00:29:34.040 We're trying to get approved, if we can.

00:29:38.000 If you borrow money to buy a car, you're allowed to deduct interest payments for purposes of income tax.

00:29:45.260 But only if the car is made in America.

00:29:47.500 So if the car is made in America, you get a loan, you can deduct the interest.

00:29:51.260 That's a big saving.

00:29:52.920 A lot of people in that part of the world, in terms of buying cars, a lot of them don't think in terms of deductions.

00:30:00.520 People that think in terms of deductions are very wealthy people.

00:30:04.040 But people are going to start understanding what a good deduction is all about.

00:30:08.300 So when you get a loan to buy a car, and I think it's going to pay for itself.

00:30:14.760 I don't think there's any cost.

00:30:15.860 I think that's going to, you're going to have so many cars built.

00:30:19.160 But you're only going to get that deduction of interest if the car is made in the United States of America.

00:30:26.200 So I'm going to sign this.

00:30:27.840 And Mike, I hope you can get that, because I think it's going to be amazing in terms of the number of cars that are made.

00:30:34.040 It's going to be made because of it.

00:30:35.380 And I want to thank Howard Lutnick, our fabulous commerce chairman.

00:30:41.480 That's what he is.

00:30:42.000 He's a chairman.

00:30:42.740 He's a very successful guy, a great guy.

00:30:45.600 And we have a big day, Howard, coming up next week.

00:30:49.180 Liberation Day.

00:30:49.960 That's Liberation Day.

00:30:50.980 That's going to be on the 2nd.

00:30:52.080 And that's going to be reciprocal.

00:30:53.940 And I think people will be impressed.

00:30:56.820 We're going to be very fair.

00:30:58.920 We're going to be very nice, actually.

00:31:00.740 We have not been treated nicely by other countries, but we're going to be nice.

00:31:04.780 So I think people will be pleasantly surprised.

00:31:07.820 But it's going to make our country very rich, because we're the piggy bank that everybody steals from.

00:31:14.260 And they've been doing it for many years, for decades.

00:31:17.540 So we're not going to let it happen.

00:31:19.460 But we're going to treat people very nicely.

00:31:21.820 We're going to treat other countries very, very nicely.

00:31:23.940 And I think it's going to have a very positive effect on everybody, including those other countries.

00:31:29.200 So I'll sign this.

00:31:30.580 And we will see you again on April the 2nd.

00:31:35.140 In terms of this, it's going to be another round.

00:31:37.920 And it's about making America great again, making it strong and prosperous again.

00:31:41.800 Thank you very much.

00:31:43.260 So, Mr. Griffin, on tariffs.

00:31:45.460 Can I ask you about tariffs, Mr. President?

00:31:46.820 On the car tariffs, how do you assure that a car coming into the country is fully built?

00:31:51.940 Could an automaker in Germany, say, leave the tires off?

00:31:58.180 Policing.

00:31:59.340 And it's pretty easy to do.

00:32:01.200 If parts are made in America and a car isn't, those parts are not going to be taxed or tariffed.

00:32:07.780 And we'll have very strong policing as far as that's concerned.

00:32:10.660 For the most part, I think it's going to lead cars to be made in one location.

00:32:13.900 You know, right now, a car would be made here, sent to Canada, sent to Mexico, sent all over the place.

00:32:19.800 It's ridiculous.

00:32:20.580 So this is a very simple system.

00:32:24.160 And the beauty of the 25, it's one number.

00:32:27.280 It's not up or down, depending on the cost of the car.

00:32:29.720 It's one number.

00:32:30.300 And that number is going to be used to reduce debt greatly in the United States and to build things, reduce taxes.

00:32:37.820 I mean, basically, I view it as reducing taxes and also reducing debt.

00:32:43.600 And within a fairly short period of time, I think we're going to have a balance sheet that's going to be outstanding.

00:32:48.660 How do you assure Americans, then, that this will not cause a long-term increase in prices?

00:32:55.980 Well, look, I think we're going to have a market the likes of which nobody's ever seen before, not in this country.

00:33:01.200 You know, we had the best market ever in my first term.

00:33:05.380 It was the strongest market ever, the best economy ever.

00:33:08.820 And I think you're going to have – I think this blows it away.

00:33:11.380 But this is something that people have wanted to do, presidents have wanted to do for a long time.

00:33:16.420 A lot of them didn't understand it.

00:33:17.940 It wasn't a priority for them.

00:33:20.360 But foreign countries understood it very well.

00:33:23.340 And they've really ripped us off at levels that nobody's seen before.

00:33:27.520 But that's not going to happen.

00:33:29.260 Mr. President, is this for today or on April 2nd, the auto tariffs, sir?

00:33:32.440 Say it.

00:33:32.820 Is these auto tariffs going to affect today or on April 2nd?

00:33:35.720 They're going to affect on April 2nd.

00:33:38.100 We're signing today.

00:33:39.340 It's – it goes into effect April 2nd.

00:33:44.480 We start collecting on April 3rd.

00:33:46.580 Are there any more sector tariffs that are coming in on April 2nd?

00:33:50.720 What does that mean?

00:33:51.280 Any more tariffs on any other sectors on April 2nd, for example, chips or pharmaceuticals?

00:33:55.480 Not then, but we will be putting a tariff on lumber.

00:33:59.640 We, as you know, have a tariff already on steel and on aluminum of 25 percent.

00:34:05.000 And we're taking in tremendous amounts of dollars.

00:34:07.780 More importantly, our steel factories and aluminum factories are roaring.

00:34:13.440 They're starting to roar.

00:34:14.940 They're building new ones.

00:34:15.940 I just heard from Nucor, which is a big company, a very big steel company.

00:34:20.340 And they're building a massive plant for steel that they wouldn't build without this.

00:34:26.240 So we're going to – you're going to see – you're going to see things that are going to be actually amazing.

00:34:30.380 And I think you already have.

00:34:33.040 You know, we've had some news conferences where – I can't – I can't have enough.

00:34:36.620 They want to do news conferences where they announce they're going to spend $20, $30, $40 billion.

00:34:41.260 But Apple, as an example, is spending $500 billion.

00:34:47.020 Okay?

00:34:47.200 On the signal chat, Senator Roger Wigrich –

00:34:52.100 Hold on one second.

00:34:53.200 Go ahead.

00:34:53.760 For a civil tariff next week, will those be immediately effective April 2nd on all countries,

00:34:58.780 or will you focus on the horse defenders?

00:35:01.140 No, we're going to make it all countries.

00:35:03.780 And we're going to make it very lenient.

00:35:06.260 I think people are going to be very surprised.

00:35:08.080 It'll be, in many cases, less than the tariff that they've been charging us for decades.

00:35:13.660 So I think people are going to be very, very surprised.

00:35:16.580 On these auto tariffs –

00:35:17.820 I think they'll be pleasantly surprised.

00:35:20.020 I think we're trying to keep it somewhat conservative.

00:35:22.840 And on these auto tariffs, we saw, obviously, the NASDAQ of 100 go down 2% at close as a piece,

00:35:28.420 500 down 1%.

00:35:29.660 What are you – are you concerned about how to react to this?

00:35:32.440 I didn't say that.

00:35:33.760 I want to see the jobs.

00:35:35.080 I want to see – that'll all take care of itself.

00:35:36.780 That could take care of itself in one day, two days, or one week.

00:35:40.160 Are there any conditions under which you'd remove these auto tariffs?

00:35:42.880 Or is this permanent for the rest of your term?

00:35:46.040 Oh, this is permanent, yeah.

00:35:48.160 100%, yeah.

00:35:49.060 Are you calling it auto tariffs?

00:35:50.560 Did Elon Musk advise you at all on these auto tariffs?

00:35:53.480 No, because he may have a conflict, so we don't talk.

00:35:55.880 I've never talked to him.

00:35:56.940 Elon's amazing.

00:35:58.260 He's never asked me for a favor in business whatsoever.

00:36:02.940 I'm actually a little surprised by it.

00:36:05.220 I might do it.

00:36:05.900 I might not do it.

00:36:06.700 I do what's right.

00:36:07.420 And he'd want me to do what's right.

00:36:09.000 No, he's a patriot.

00:36:10.420 He has never – you know, these are big deals we're talking about.

00:36:13.460 This is probably nothing like this.

00:36:15.340 And I've never had Elon come and say, would you do me a favor with the mandate or the electric mandate or anything.

00:36:22.280 He's never asked me for anything.

00:36:23.620 Sir, also, what's your response to the administration should take more accountability and not downplay?

00:36:34.180 Well, I don't know about downplay.

00:36:35.640 The press upplays it.

00:36:36.740 I think it's all a witch hunt, that's all.

00:36:38.320 I think it's a witch hunt.

00:36:39.240 But I wasn't involved with it.

00:36:42.380 I wasn't there.

00:36:43.460 But I can tell you the result is unbelievable because the Houthis are looking to do something.

00:36:49.200 They want to know, how do we stop?

00:36:51.460 How do we stop?

00:36:52.560 Can we have peace?

00:36:53.540 The Houthis want peace because they're getting the hell knocked out of them.

00:36:57.540 It's been very, very strong.

00:36:59.420 The Houthis are dying for peace.

00:37:01.760 They don't want this.

00:37:03.280 And they're bad.

00:37:03.920 Look, they were knocking chips out of the ocean.

00:37:06.360 You know, we had in the Suez Canal, they only have about 20 percent of the ships going through.

00:37:10.860 They have to go through a different way.

00:37:18.980 These have been hit hard and they want to negotiate peace.

00:37:22.620 But I don't think.

00:37:33.920 But I can only say that the attacks, you know, it's attacks every day, every night.

00:37:41.280 It's not just the one.

00:37:42.280 You're talking about one.

00:37:43.780 The attacks have been very successful, even beyond our wildest expectations.

00:37:49.340 We've hit them very hard, very successfully.

00:37:52.440 And we're going to do it for a long time.

00:37:54.040 We're going to keep it going for a long time.

00:37:55.500 Senator Republicans have asked, said that they have formally asked the administration for an inspector's general report on the signal issue.

00:38:06.380 Will you agree to that?

00:38:07.720 It doesn't bother me.

00:38:08.980 I don't know.

00:38:09.420 You know, I want to find if there's any mistake or if a signal doesn't work.

00:38:14.500 It could be that signal is not very good.

00:38:16.280 You know, it's a company.

00:38:17.860 Maybe it's not very good.

00:38:18.940 I think we'd rather know about it now.

00:38:20.560 There was no harm done because the attack was unbelievably successful that night.

00:38:25.680 And it has been unbelievably successful every single night for the last four or five nights.

00:38:32.400 So that's the thing that you should be talking about.

00:38:36.420 This is something that should have been done by sleepy Joe Biden.

00:38:39.600 But he was asleep at the wheel other than when it came to stealing money, of course.

00:38:43.860 Joe Biden should have done this attack on Yemen, which is basically a certain group within Yemen.

00:38:49.660 The Houthis.

00:38:51.500 And this should have been done by Joe Biden.

00:38:54.400 And it wasn't.

00:38:55.700 And that causes this world a lot of damage and a lot of problems.

00:38:59.300 I don't know how he's responsible.

00:39:01.020 But he's also overseeing the investigation to find out what went wrong.

00:39:04.560 Who's responsible?

00:39:05.960 Mike Walsh says that he's responsible.

00:39:08.080 Well, yeah, Mike Walsh, I guess he said he claimed responsibility, I would imagine.

00:39:12.020 Had nothing to do with anyone else.

00:39:13.440 It was Mike, I guess.

00:39:14.560 I don't know.

00:39:14.920 I was told it was Mike.

00:39:15.960 But, again, the attacks were unbelievably successful.

00:39:22.440 And that's ultimately what you should be talking about, I think.

00:39:25.740 Mike, he took responsibility for it.

00:39:29.020 Should Secretary Hankseth consider his position over the signal?

00:39:36.060 Hankseth is doing a great job.

00:39:37.580 He had nothing to do with this.

00:39:39.540 And it's right.

00:39:41.080 Hankseth.

00:39:41.620 How do you bring Hankseth into it?

00:39:43.060 He had nothing to do.

00:39:44.220 Look, look, it's all a witch hunt.

00:39:46.640 Here we are talking about some of the greatest business deals ever made.

00:39:50.040 The greatest companies in the world are moving into the United States.

00:39:52.920 And you want to ask about whether or not signal works.

00:39:55.740 I don't know that signal works.

00:39:57.040 I think signal could be defective, to be honest with you.

00:39:59.960 And I think that's what we have to do.

00:40:01.340 Because you use signal, and we use signal, and everybody uses signal.

00:40:05.080 But it could be a defective platform.

00:40:07.120 And we're going to have to find that out.

00:40:08.240 Have you been briefed about the soldiers in Lithuania who are missing?

00:40:15.200 No, I haven't.

00:40:16.360 Mr. President, have you spoken, sir, with the big three automakers, about these tariffs?

00:40:22.340 What was their reaction?

00:40:23.020 I have.

00:40:23.940 What was their reaction?

00:40:24.860 It depends on whether or not they have factories here.

00:40:27.500 I can tell you, if they have factories here, they're thrilled.

00:40:31.120 If you don't have factories here, they're going to have to get going and build them.

00:40:34.060 Because otherwise, they have to pay tariffs.

00:40:35.520 Very simple.

00:40:36.840 And most of those have pretty big factories here.

00:40:39.240 Like General Motors has big factories here.

00:40:41.620 They're going to move their parts divisions back to the United States.

00:40:44.540 Because some of them were made in Canada.

00:40:46.260 And some of them were made in Mexico and other places.

00:40:49.300 And they'll be moving their parts division back to the United States.

00:40:52.220 In factories where they may be at 60% capacity.

00:40:55.660 So they don't even really have to build too much of a factory.

00:40:58.740 But generally speaking, if they have factories here, plants here, where they make their cars

00:41:04.940 and equipment, but they make their cars here, they are thrilled.

00:41:09.420 Same thing with the steel industry.

00:41:11.300 Steel industry is now paying a 25% tariff.

00:41:14.000 As you know, I put it on last week.

00:41:16.040 And the business is roaring in the United States.

00:41:18.980 And we can't, because of military, we can't lose the steel industry.

00:41:22.220 If I didn't put the initial tariffs on steel in my first term, you wouldn't be able to have a military.

00:41:28.440 Because we wouldn't have, every steel company, every steel company would be bankrupt in the United States.

00:41:35.060 And every plant would be closed.

00:41:37.220 But now they're booming.

00:41:38.780 And putting this tariff on this additional tariff for steel and aluminum, it's making them thrive.

00:41:44.900 And it's already happened.

00:41:46.140 Mr. President, we have a deadline for the TikTok sale.

00:41:49.380 Will you extend that deadline if you don't have a deal?

00:41:51.600 Do you support or...

00:41:52.420 Well, we will have a form of a deal.

00:41:54.840 TikTok is very popular, very successful, very good.

00:41:59.300 We're going to have a form of a deal.

00:42:00.700 But if it's not finished, it's not a big deal.

00:42:02.780 We'll just extend it.

00:42:03.700 I have the right to have the deal and to extend it if I want.

00:42:08.200 So we'll see whether or not we have a deal.

00:42:10.080 We have a lot of interest in TikTok.

00:42:12.180 Is there a way for a U.S. company to operate it and buy dance to still have a share of the algorithm?

00:42:16.380 Well, there are numerous ways you can buy TikTok.

00:42:19.200 And we will find the one that's best for the country, for our country.

00:42:22.760 I'm worried about our country more than anything else with respect to TikTok.

00:42:28.140 And China is going to have to play a role in that, possibly, in the form of an approval, maybe.

00:42:34.980 And I think they'll do that.

00:42:36.180 Maybe I'll give them a little reduction in tariffs or something to get it done.

00:42:41.520 You know, because every point in tariffs is worth more money than TikTok, if you think.

00:42:47.800 Every point.

00:42:48.340 Tariff is a much bigger world, and TikTok is big.

00:42:51.160 But every point in tariffs is worth more than TikTok.

00:42:54.980 So in order to get China to do it, maybe I'd give them a reduction in tariffs, as an example.

00:43:01.700 Sounds like something I'd do.

00:43:03.560 Do you think those tariffs are going to be good for Tesla, sir?

00:43:06.800 Good for who?

00:43:07.640 Tesla.

00:43:08.340 Which makes it's good.

00:43:09.400 Well, he makes, he is a fantastic Tesla.

00:43:12.240 Will tariffs be good?

00:43:13.760 I think they may, it could be a net neutral or they may be good.

00:43:17.580 He has a big plant in Texas.

00:43:19.600 He has a big plant in California.

00:43:21.240 And anybody that has plants in the United States, it's going to be good for, in my opinion.

00:43:26.980 Mr. President, you said you want to return education control to the states.

00:43:30.900 How would you handle it if a state like California were to put in place education?

00:43:34.560 You know, I haven't seen a mask in so long.

00:43:36.740 You're wearing a mask.

00:43:37.740 So nice of you.

00:43:38.900 I haven't seen anybody wearing a mask in a long time.

00:43:41.580 It's good.

00:43:42.340 You feel more comfortable, right?

00:43:43.920 Yes.

00:43:44.440 Good.

00:43:44.900 That's good.

00:43:46.260 So go ahead.

00:43:47.080 You said you want to return education control to the states.

00:43:51.240 How would you handle it if a state like California were to put in place education policies you

00:43:55.660 disagree with?

00:43:56.300 Well, I think that California is going to be tougher because they are, they're doing badly

00:44:01.640 on everything they do.

00:44:02.740 You know, they, everything they touch turns bad.

00:44:05.620 So a place like California would be tougher for education.

00:44:08.620 But what I would see with California is you'd have a Los Angeles department and you'd have

00:44:14.320 Riverside.

00:44:15.160 You'd have, you know, you'd go to various places and I think you'd have some great areas

00:44:19.100 in California and you'd have some like everything else that doesn't work so well.

00:44:22.820 But ultimately, I think it would be very successful.

00:44:24.960 I think in New York, as an example, you'd go to Long Island, Westchester, you may have

00:44:29.660 Nassau County, Queens, you'd have, you'd break it up in certain ways so that have maybe

00:44:34.180 five departments, you know, because of the size that have five departments instead of

00:44:38.020 one, a state like Iowa, you'd have one.

00:44:41.120 And I mean, they're just chomping at the bit to get going.

00:44:43.840 So many states are chomping at the bit to get education and it's going to happen fast to

00:44:49.520 get the education.

00:45:08.020 Okay, the White House feed right there.

00:45:17.100 President Trump's in the Oval Office.

00:45:18.640 It's frozen.

00:45:19.280 As soon as it unfree, we're going to keep the camera on this.

00:45:21.800 This is the White House.

00:45:23.360 This is the White House feed.

00:45:24.800 Both cameras from the White House are down.

00:45:26.460 It looks like Fox is down.

00:45:28.220 Got to talk to Stephen Chung.

00:45:29.300 Hey, bro, get some more bandwidth at the White House.

00:45:32.660 I know everybody's pulling on it right now.

00:45:34.680 President Trump, incredible.

00:45:36.540 25% tariffs on autos.

00:45:39.640 This is his geoeconomic and geostrategic pivot, which is historic since World War II.

00:45:47.300 This is why this text issue is, is that President Trump?

00:45:52.640 Is he back?

00:45:53.240 Let's go ahead.

00:45:54.080 Let's go back to President Trump in the Oval.

00:45:56.760 Be equal to them.

00:45:58.420 But they can't be equal if it's going to be run in Washington.

00:46:01.020 We don't want that.

00:46:01.900 Yeah.

00:46:03.020 President Gabbard testified that any information that would indicate that the U.S. or its allies

00:46:08.400 are going to make an attack should be classified.

00:46:12.280 The Secretary of Defense has said that the information in those messages was not classified.

00:46:17.540 Are you going to ask them to review whether it should have been, should flight time?

00:46:23.300 I would.

00:46:26.500 You can view that two ways, frankly.

00:46:29.020 There's a lot of ways to answer that question.

00:46:30.720 But I'd certainly ask them to take a look at it.

00:46:32.840 So, Mr. President, can you hear me?

00:46:33.840 Should I say it when they do this, would I say it, should they, like, go?

00:46:36.640 Well, there may be a problem with the platform.

00:46:39.880 And if there's a problem with the platform, nobody should use it.

00:46:42.460 You know, they could have a basic problem.

00:46:44.760 But, you know, I say it again.

00:46:50.100 Not that I'm looking for lethality.

00:46:53.420 I wish we didn't have to do it at all.

00:46:54.940 But they're shooting down our ship.

00:46:58.080 And we can't allow that to happen.

00:46:59.880 And again, this time ago, or one or two more.

00:47:03.960 So, Charles?

00:47:04.640 Is there any of the Vice President's comments that he doesn't agree with that?

00:47:10.020 Well, I understand where he's coming from.

00:47:24.480 Take this back.

00:47:25.480 Right now, the feed is – we've got to get Chung on the phone.

00:47:28.880 This is not acceptable to have the feed from the Oval Office.

00:47:30.980 The President's on a roll right now.

00:47:32.560 Let's go back.

00:47:33.280 We'll pick up President Trump.

00:47:34.180 So, let's see your last question.

00:47:35.080 Let's go ahead and hear it.

00:47:38.980 Millions and millions of their cars.

00:47:43.760 And they have non-monetary tariffs where it's impossible for us to sell a car, almost, in Europe.

00:47:50.420 And so, I understand what he's saying.

00:47:52.240 Same thing with NATO.

00:47:53.300 When I got involved, these mostly European countries, as you know, we had 28 at the time.

00:48:00.800 And only seven were paid.

00:48:02.940 And most of them were not paid.

00:48:04.960 Twenty-some-odd countries were not paid.

00:48:07.740 Or they were substantially less than they're supposed to be.

00:48:11.820 And the United States was literally making up the difference in Europe.

00:48:16.340 And it's very unfair.

00:48:17.140 So, I understand.

00:48:17.820 I didn't know he made that statement.

00:48:19.160 But if he did, I mean, I'm okay with it.

00:48:22.100 I complain about it all the time.

00:48:24.220 The European Union treats us horribly on trade.

00:48:27.020 And NATO has traded now.

00:48:30.720 I raised a lot of money for NATO.

00:48:32.620 Hundreds of billions of dollars.

00:48:34.000 You were here last week when the Secretary General said,

00:48:36.320 because I got them to pay money.

00:48:41.160 It was unfair.

00:48:41.760 The United States was paying 80, 90, 100 percent.

00:48:44.380 I think if I was, if I did to them what they did.

00:48:52.520 You'll see on April 2nd, I'm going to be much more lenient.

00:49:05.700 They were really bad with us, I tell you.

00:49:11.900 And then should have stepped up.

00:49:13.740 They should have stepped up and done something.

00:49:15.440 And they didn't do it.

00:49:16.640 And hence, we have 36.

00:49:19.820 Mr. President, you've criticized Jeffrey.

00:49:23.020 Okay, that's just not acceptable.

00:49:40.940 I mean, the team over there has got to get some bandwidth

00:49:43.280 or just hook it up to a hardware camera.

00:49:45.400 Okay, President Trump signing the 25 percent auto tariffs a day.

00:49:50.520 Breaking news nonstop.

00:49:51.820 Let's go back to the core of what he was talking about.

00:49:54.760 He says these tariffs, you're either going to build the cars here in the United States,

00:49:59.160 you're going to pay 25 percent.

00:50:01.200 To be very specific, he said Honda, I think the plant in Indiana is 20 billion.

00:50:06.980 I think it actually may be more than 20 billion.

00:50:08.680 I want to double check that.

00:50:09.840 Hyundai in Louisiana is 20 billion.

00:50:13.080 He's talking about automakers bringing plants back here to the United States

00:50:18.320 to avoid these tariffs.

00:50:19.200 He's putting in 25 percent tariffs as a predicate to next Tuesday, excuse me, Wednesday,

00:50:27.820 August, April 2nd, the day after April Fool's Day.

00:50:32.560 He's going to have the reciprocity of the tariffs.

00:50:34.640 This is a major underpinning of President Trump's economic plan.

00:50:37.680 President Trump said he is calculating with, I guess, Navarro and Lutnik and the Secretary of Treasury,

00:50:44.940 $600 billion, $600 billion of tariff revenue.

00:50:49.960 Remember, external revenue, $600 billion up to $1 trillion from tariffs.

00:50:56.480 He's saying that the tariffs on automotive alone should generate $100 billion in the first year.

00:51:05.940 This is a cornerstone of his plan.

00:51:08.800 He says the key to this plan is to bring manufacturing jobs back to the United States.

00:51:12.540 And he cited once again Apple Computer with $500 billion,

00:51:16.900 Taiwan Semiconductor with $100 billion spent in $25 billion increments, basically roughly in Phoenix.

00:51:25.120 He's got NVIDIA, the advanced chip design company, talking about hundreds of billions of dollars.

00:51:32.320 I think if you calculate it, it's almost $1 trillion.

00:51:35.880 The White House puts out $1.7 trillion as overall.

00:51:39.740 When you count UAE, you count Saudi Arabia, you count these sovereign wealth funds,

00:51:44.300 you count, what, Mosseson at SoftBank.

00:51:48.400 That comes up to $1.7.

00:51:50.220 I back out all the private equity, all the hedge fund money,

00:51:53.100 and just talk major industrial corporations like Johnson & Johnson is talking about $50 million in North Carolina starting ASAP.

00:52:03.200 This is the cornerstone of President Trump's tariff program.

00:52:06.420 That's part of, on the flip side, his national security program, and he talked.

00:52:11.680 He took a lot of questions about the situation with the techs, and he was, to be brutally frank, just dismissive.

00:52:22.100 He says, yeah, if somebody wants to do a review, if Pete wants to do a review, they ought to do a review.

00:52:26.860 But he went to the key point.

00:52:28.160 He said, hey, this was a successful attack.

00:52:31.420 He says, I made a determination as commander-in-chief that for free navigation and others strategically on the Arabian Peninsula.

00:52:40.660 I realize everybody doesn't agree with President Trump on that.

00:52:43.380 But he made a decision, and he's carried it out.

00:52:46.640 I would tell people also, if you look at military endeavors,

00:52:50.400 since President Trump's first term, when he, when General Mattis was over at the Pentagon,

00:52:57.580 we had a lot of problems with Mattis.

00:52:58.820 But one thing Mattis did very well under President Trump's leadership was to take down the physical,

00:53:04.300 remember the ISIS caliphate between Syria and Iraq?

00:53:07.340 They'd taken over part of Syria.

00:53:08.520 They'd taken over part of Iraq.

00:53:10.340 In fact, I think the territorial ambitions of ISIS,

00:53:12.780 they were getting 10,000 recruits a month just from Europe alone.

00:53:15.360 They were starting to have tax revenues.

00:53:17.640 They had oil fields.

00:53:18.640 They had all of them.

00:53:19.000 They were essentially becoming a country.

00:53:24.320 Obama told us there's a generational problem.

00:53:26.280 President Trump and Mattis destroyed it in its entirety,

00:53:29.900 and salted the earth around it in six months.

00:53:32.680 Since that time of a successful attack, this is the second most.

00:53:36.640 I mean, President Trump went in,

00:53:37.720 and whether you agree geostrategically with the president or not,

00:53:41.680 it was handled flawlessly.

00:53:43.940 In destruction, they've been pounding it since then.

00:53:46.960 The president goes, we've been doing it since then.

00:53:48.680 Why has no one asked that?

00:53:49.640 Why are you people here not asking that question?

00:53:52.640 Because once again, as we showed in the cold open,

00:53:54.900 this has nothing to do with bettering the United States.

00:53:57.800 This has nothing to do with the geostrategic positioning of the country.

00:54:02.000 It has nothing to do with bringing peace and prosperity.

00:54:05.900 Look at the news that's come out of the negotiation of Ukraine.

00:54:09.360 It's going so smoothly, mainstream media won't cover it.

00:54:11.720 The Ukrainians are agreeing, you know, you can't have shooting,

00:54:15.660 you can't have some sort of naval conflict in the Black Sea,

00:54:18.420 that they're working through the problems.

00:54:21.300 And President Trump and Steve Witkoff working through on this Russian rapprochement,

00:54:26.440 which hopefully includes something in Persia in it,

00:54:28.820 because that's what the Houthi part of this is.

00:54:30.780 President Trump on the tariffs gave up, he says, hey, next week is going to be Liberation Day.

00:54:38.240 To April 2025 is going to be Liberation Day.

00:54:40.920 He's saying we are going to just reciprocate reciprocity on what tariffs,

00:54:47.340 and you're going to be shocked at countries like India, countries like Canada, like the EU.

00:54:51.260 When you see the numbers of what they really charge, not just the tariffs, but the non-tariff barriers,

00:54:56.620 Korea, Japan, people whose defense we underwrite,

00:55:03.240 you're going to be quite, quite, quite stunned when you see it.

00:55:05.880 This is what President Trump wants to do.

00:55:07.100 He calls it Liberation Day.

00:55:08.680 He's already talked about lumber, additional steel, other products.

00:55:13.680 This is how he gets to his trillion dollar number.

00:55:15.380 He also mentioned pharmaceuticals.

00:55:17.340 One of the things we talk about here, all Jace Medical, what did the president say?

00:55:19.800 We don't make any pharmaceuticals in the country.

00:55:23.400 Now, he's going to put tariffs on them, and I don't know what's going to do the Jace business

00:55:27.940 because they do not get their material from China on the artificial, on the API.

00:55:35.440 Pharmaceutical ingredients, advanced pharmaceutical ingredients, activated pharmaceutical ingredients.

00:55:40.940 Remember, vitamin C, all of it, all comes from China.

00:55:46.400 Generic drugs, all from China.

00:55:47.720 President Trump's sitting there right there on all pharmaceuticals, significant tariffs.

00:55:52.660 Wall Street absolutely melts down when you talk tariffs.

00:55:55.800 If you don't have a tariff policy, you are not a populist.

00:56:00.740 It's evident.

00:56:02.300 These jobs have all come back.

00:56:03.620 And somebody asked me that day in some interview, well, hold it.

00:56:05.760 If Kamala Harris, they put all this chips designed, if she was president, wouldn't it all come back?

00:56:09.160 I'd go, no.

00:56:10.320 It wasn't coming back.

00:56:11.140 If it was coming back, they would have announced it during the Biden administration, or they certainly would have announced it in her run for the presidency.

00:56:19.100 They waited after the election to President Trump, and then they're coming in droves.

00:56:22.380 It's almost $1 trillion, $1 trillion of major manufacturing companies in the world, world class.

00:56:30.380 These are not bucket shops, world class, coming to the United States and putting heavy plant equipment, whether it's in Indiana, whether it's in Louisiana, whether it's in North Carolina, whether it's in Texas.

00:56:41.440 You notice a trend there?

00:56:43.080 Boy, I think those are red states, aren't they?

00:56:46.260 Because they're looking for better run states, and they're looking for states that have high quality people ready to go to work and don't have woke schools and don't have all this neo-Marxist culture.

00:56:56.360 President Trump today talking about, we started the show this morning with these attacks, attack, attack, attack.

00:57:02.120 They had the Intelligence Committee, and we played.

00:57:04.440 I want to thank my young producing team for that great cold open.

00:57:07.680 It was one attack after the other.

00:57:09.420 Pete Hexeth, Pete Hexeth, Pete Hexeth, Pete Hexeth, Pete Hexeth, Pete Hexeth.

00:57:12.400 Pete Hexeth, Pete Hexeth's extraordinary secretary of defense.

00:57:17.880 Look at what he just pulled off.

00:57:19.080 He's motivated.

00:57:19.980 The Defense Department has a whole new spirit out there, camaraderie out there.

00:57:25.580 Pete Hexeth's out there with the warrior ethos.

00:57:28.580 Pete Hexeth's out with the Indo-Pacific Command right now, getting people very focused on what Captain Fennell says is the main thing.

00:57:35.280 That is the Chinese Communist Party, the threat they cause not just to East Asia but also to the Pacific.

00:57:40.560 And Pete's out there because guess what?

00:57:44.400 And he got Vice President Vance going to Greenland, from Greenland to Panama, right?

00:57:49.560 From the Arctic to the Pacific, and you got the vast Pacific as our kind of heartland, to the three island chains.

00:57:56.500 And where's Pete Hexeth going?

00:57:58.400 Pete Hexeth's going to Guam.

00:58:00.940 Hello.

00:58:02.300 Right?

00:58:02.820 Second island chain right there.

00:58:04.140 He's making a statement on his first big trip.

00:58:10.080 That is the strategic center of the United States.

00:58:12.620 This is called a hemispheric defense.

00:58:15.340 President Trump is doing a massive pivot.

00:58:18.100 Now, he's got some cleanup in aisle three in the Middle East, right?

00:58:22.860 He's trying to bring peace to that area and make sure that the Persians don't go buck wild with this nuclear weapon they're trying to create, nuclear weapons they're trying to create.

00:58:33.100 A massive performance right there.

00:58:35.100 President Trump taking on all questions after a historic day.

00:58:38.280 25% tariffs on the automotive industry.

00:58:42.640 And his word is, hey, make it here or pay.

00:58:45.880 Make it here or pay.

00:58:47.240 And you're going to make it here.

00:58:48.420 You're going to make it with U.S. citizens are going to be your employees.

00:58:52.280 High value added jobs.

00:58:54.080 Almost $1 trillion of capital investment into factories here in the United States of America within the first 60 days.

00:59:03.740 From companies, not hedge funds, not private equity, not sovereign wealth.

00:59:07.800 We're going to take a short commercial break.

00:59:09.540 The second hour, we're going to have to kind of move some things around.

00:59:13.280 But we're proud to because it's a great, great visit with the president of the Oval Office.

00:59:18.160 Short commercial break.

00:59:18.860 Back in a moment.

00:59:21.280 Health isn't just a personal issue.

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Bannon's War Room - March 26, 2025

Episode 4367： New Tariffs Announced; American Car Manufacturing Is Back

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