Bannon's War Room - Episode 4396： Turn Around Tuesday; Markets Bounce Back

00:00:00.000 The Dow is up more than 700 points, while the S&P and Nasdaq futures have added more than 1% in value.

00:00:08.400 It comes after another volatile trading session yesterday tied to President Trump's tariffs.

00:00:14.580 But the president says he's not backing off his trade wars.

00:00:19.520 And when asked if the overall tariffs are permanent or open to negotiation,

00:00:25.720 a point that his advisors struggled to clarify last week,

00:00:28.980 the president insisted that they can both be true.

00:00:34.840 Would you be open to a pause in tariffs to allow for negotiations?

00:00:39.380 Well, we're not looking at that.

00:00:41.280 We have many, many countries that are coming to negotiate deals with us,

00:00:45.880 and they're going to be fair deals.

00:00:47.340 And in certain cases, they're going to be paying substantial tariffs.

00:00:52.720 They'll be fair deals.

00:00:53.740 There can be permanent tariffs, and there can also be negotiations,

00:01:00.040 because there are things that we need beyond tariffs.

00:01:02.280 We need open borders.

00:01:04.200 So we're going to get fair deals and good deals with every country.

00:01:08.640 And if we don't, we're going to have nothing to do with them.

00:01:10.780 They're not going to be allowed to participate in the United States.

00:01:13.540 And I will say this, virtually every country wants to negotiate.

00:01:21.240 If I didn't do what I did over the last couple of weeks,

00:01:24.960 you wouldn't have anybody wants to negotiate.

00:01:27.320 We would have gone to these countries.

00:01:28.740 You want to talk?

00:01:29.440 And they were, well, we don't want to talk.

00:01:31.120 Now they're coming to us.

00:01:32.860 Well, the tariff battle with China is escalating to a whole new level this morning

00:01:38.840 in a social media post issued yesterday.

00:01:42.120 President Trump threatened an additional 50% tariff on China

00:01:47.220 if the communist nation did not withdraw its 34% retaliatory tariff on U.S. goods by today. 0.84

00:01:55.620 In response, China said it would, quote, fight to the end

00:01:59.800 and take additional countermeasures against the United States.

00:02:04.220 The world's second largest economy hinted that more retaliatory tariffs against the U.S. could be coming.

00:02:11.420 At the same time, the European Commission has proposed counter tariffs on 25%

00:02:17.260 on a range of U.S. goods in response to President Trump's tariffs on steel and aluminum.

00:02:23.200 That's according to a document seen by Reuters which revealed the tariffs on some goods

00:02:29.880 would take effect on May 16th and others later in the year.

00:02:35.940 And the green is going to light up on your screen.

00:02:38.540 The opening bell has rung.

00:02:40.160 They've pressed the button and off we go.

00:02:42.100 I'm eager to see how high we go in the first few seconds of business.

00:02:46.160 The answer is we're up a lot.

00:02:47.940 1,400 points on the Dow still rising.

00:02:49.960 That's over 3.5%.

00:02:52.020 Significant gain.

00:02:53.200 And look at that.

00:02:54.000 Every single one of the Dow 30 in the green.

00:02:57.120 Somebody's buying one.

00:02:58.160 One has just popped into the red.

00:03:00.700 Oh, no, he's popped back into the green.

00:03:02.480 So that's a full house of green.

00:03:04.740 The S&P 500, that's up more than 3%.

00:03:07.520 Three and third percent, 169 points.

00:03:10.640 The Nasdaq composite, solid gain right there.

00:03:13.360 We're up 3.7%, 585 points.

00:03:16.720 Earlier on the show this morning, Treasury Secretary Scott Besson joined us and had this to say on where the U.S. stands on tariff negotiations.

00:03:24.540 President Trump has maximum negotiating leverage right here, right now.

00:03:31.980 And I think it would be a mistake for anyone to think otherwise.

00:03:38.440 And many of, as I said, many of our trading partners, they have queued up and they have kept their cool.

00:03:49.700 They have not escalated.

00:03:51.040 And they will get priority in the queue.

00:03:55.960 I think it was a big mistake, this Chinese escalation, because they're playing with a pair of twos. 1.00

00:04:01.900 We can now look at Republican reaction, a bipartisan Senate bill that would curtail a president's power to implement tariffs,

00:04:09.880 has gained the support of six additional Republicans.

00:04:13.620 Republican Senator Chuck Grassley of Iowa is co-sponsor of the bill.

00:04:17.840 And now Senators Jerry Moran, Lisa Murkowski, Susan Collins, Mitch McConnell, Tom Tillis, and Todd Young have all signed on to support the measure.

00:04:27.360 The legislation would require a president to notify Congress of a new tariff within 48 hours of implementation and explain the reasoning behind it.

00:04:38.640 It would also require new tariffs to expire after 60 days unless Congress approves them.

00:04:44.980 The White House has already said it would veto the bill if it were to pass both the House and the Senate.

00:04:49.440 Meanwhile, two sources tell NBC News that during a House GOP conference call on Sunday,

00:04:56.200 Republican Congressman Daryl Issa of California asked for a detailed briefing from the White House on the tariffs.

00:05:03.740 House Speaker Mike Johnson, for his part, asked that members trust the process and the president.

00:05:10.380 In addition, he told them he'd arrange for someone from the administration to talk to the conference.

00:05:15.060 The rumblings in the House come as the upper chamber has grown more vocal in their concerns.

00:05:21.560 And the green is going to light up on your screen.

00:05:24.260 The opening bell has rung.

00:05:25.860 They press the button and off we go.

00:05:27.800 I'm eager to see how high we go in the first few seconds of business.

00:05:31.880 The answer is we're up a lot.

00:05:33.660 1,400 points on the Dow still rising.

00:05:36.080 That's over three and a half percent.

00:05:37.880 Significant gain.

00:05:38.940 And look at that.

00:05:39.700 Every single one of the Dow 30 in the green.

00:05:42.440 Somebody is buying what was one one has just popped into the red.

00:05:46.280 I know it popped back into the green.

00:05:48.180 So that's a full house of green.

00:05:50.320 The S&P 500, that's up more than three percent.

00:05:53.580 Three and third percent, 169 points.

00:05:56.360 The Nasdaq composite solid gain right there.

00:05:59.020 We are 3.7 percent, 585 points.

00:06:02.780 When do you think the market might turn around?

00:06:05.620 It's finding a bottom now.

00:06:07.060 It's finding a bottom now.

00:06:08.220 But look, here's the thing.

00:06:10.560 It's going to shift over and it's going to be companies in the S&P 500 who are the first to produce here.

00:06:18.820 Those are the ones going to lead to recovery.

00:06:20.780 And it's going to happen.

00:06:21.720 Dow 50,000, I guarantee that.

00:06:23.820 And I guarantee no recession.

00:06:25.520 Okay.

00:06:25.940 Why?

00:06:26.580 Because when we pass the biggest, broadest tax cut in history within a matter of months, that's going to be a great stimulus.

00:06:34.100 There's not going to be any inflation.

00:06:35.320 We've already had a significant drop, a huge drop in oil prices, Lauren.

00:06:40.620 That's like a point off the CPI.

00:06:42.800 We're going to have lower yields of mortgage.

00:06:45.200 But again, the idea that the Speaker of the House, the third most powerful person in America, has no better answer after $11 trillion of wealth wiped clean than to say, trust the process.

00:06:59.260 I bet in the House, that leaves a lot of members of the House not trusting the Speaker.

00:07:05.320 Yeah, it does.

00:07:07.740 I mean, I guess that's Mike Johnson's way of saying we have no collaboration in this process.

00:07:15.060 It's not just true of Republicans in Congress, Republican leaders in Congress.

00:07:19.340 It's true most of the time, seemingly, of Trump's cabinet officials.

00:07:24.260 People like Scott Besant of Treasury are clearly not in the loop here and find themselves floundering on TV trying to explain what Trump has just done.

00:07:35.320 Look, I think the sort of deeper problem here is trust in the American system.

00:07:40.360 The world has got used to, over history and over dealing with America, the very famous, justly famous checks and balances that are built into the American system.

00:07:53.000 What we have happening now is essentially a king or a Roman emperor crooking his finger and the market goes up $2 trillion.

00:08:02.440 Uncrooking it, it goes down $2 trillion.

00:08:04.740 That kind of power in one man is an extraordinary situation that I think is causing real nervousness.

00:08:13.880 We've been amongst foreign investors, and you know that a huge share of American debt, of U.S. Treasury debt, is held by foreign countries.

00:08:24.360 And yesterday, we started seeing 10-year Treasury bonds and 30-year Treasury bonds being sold off.

00:08:30.760 These are the safe assets that you fly to, you know, in COVID, in the 08 meltdown.

00:08:36.500 Whenever there's a panic, you flee to Treasury bonds.

00:08:40.200 I think that there's a re-evaluation now going on about how safe those assets are.

00:08:47.000 And that's because the foreign holders of these assets are worried about who's in charge of the United States.

00:08:54.480 The Speaker doesn't know what he's going to do next.

00:08:57.200 His Treasury Secretary doesn't know what he's going to do next.

00:08:59.860 This is essentially a Roman emperor having fun with this extraordinary power over global asset markets.

00:09:09.160 It's not a good thing, and it's not a very American thing.

00:09:15.260 This is the primal scream of a dying regime.

00:09:20.520 Pray for our enemies, because we're going medieval on these people.

00:09:24.280 The President has not got a free shot at all these networks lying about the people.

00:09:29.900 The people have had a belly full of it.

00:09:31.860 I know you don't like hearing that.

00:09:33.280 I know you've tried to do everything in the world to stop that, but you're not going to stop it.

00:09:35.940 It's going to happen.

00:09:37.200 And where do people like that go to share the big lie?

00:09:40.600 Mega Media.

00:09:41.960 I wish in my soul, I wish that any of these people had a conscience.

00:09:47.360 Ask yourself, what is my task and what is my purpose?

00:09:50.520 If that answer is to save my country, this country will be saved.

00:09:57.560 War Room.

00:09:58.360 Here's your host, Stephen K.

00:10:00.420 Bannon.

00:10:06.280 It's Tuesday, 8 April in the year of our Lord, 2025, at least this morning, overnight in the futures market in Asia and even in Europe.

00:10:15.360 Now it looks like it could be Turnaround Tuesday, started that way in the stock markets here, Dow Jones, S&P, etc.

00:10:24.240 Kind of a robust bounce on heavy trading.

00:10:28.460 As it appears now that the nations of the earth are taking President Trump and Secretary Besant and Peter Navarro seriously,

00:10:37.300 that this is a new reordering of the world trading system.

00:10:42.840 President Trump is standing up like no one's ever stood up for American workers in, to be brutally frank about the history of the United States.

00:10:54.520 All the populist leaders, all the Democratic leaders, even Ronald Reagan.

00:10:58.760 No one's ever stood up for American workers in the American middle class like President Trump.

00:11:04.620 He is bending the nations of the earth to the sovereign will of the American people.

00:11:13.000 They elected President Trump and they elected him on this, that he was going to put America first and he was going to stop the globalists from stealing from this country, from ripping off this country.

00:11:24.620 And that's what's happening.

00:11:25.420 Ed Luce, the last gentleman there, is one of the senior editors from the Financial Times of London.

00:11:33.920 And at the end he goes, I mean, they're just in a tizzy.

00:11:37.380 How can one man have this kind of power?

00:11:39.740 When Speaker Johnson is just repeating the mantra of the war room, trust the process.

00:11:46.360 What do we say over the last couple of days?

00:11:48.080 You have to just set up a process.

00:11:50.100 If you set up a process, and I may say you're negotiating, just to hear your trading partners come in and say, hey, we may have a different calculation on the reciprocity.

00:12:02.460 We don't understand how you calculated currency manipulation and counterfeiting and all the other non-tariff barriers we put up.

00:12:11.020 So there are no Fords sold into Japan or into South Korea.

00:12:18.080 By the way, President Trump just put up a huge post about South Korea, that they've called him the interim president there because they've had a coup by the Chinese Communist Party.

00:12:27.700 The interim president there is all over and sending a team also to sit down, as is Japan.

00:12:34.480 The hammer's been dropped on the Chinese Communist Party.

00:12:38.140 We're going to have more of that as the morning unfolds.

00:12:41.240 But to Scott Besson's point, we have maximum negotiating leverage, and we know President Trump is a maximalist.

00:12:50.660 There's right there from South Korea, President Trump going through.

00:12:54.740 South Korea has been, particularly for non-trade barriers, been very tough.

00:12:58.360 Japan's been very tough for non-trade barriers.

00:13:00.820 The EU's very tough for non-trade barriers.

00:13:02.880 This is all changing in front of us.

00:13:07.880 And what do you have?

00:13:08.620 You still have recalcitrant elements that owe their political careers to President Trump.

00:13:16.840 Tom Tillis of North Carolina and others trying to work with Democrats.

00:13:20.960 Democrats say that they're supporters of the working people and supporting the unions and supporting manufacturing.

00:13:31.040 Outside of Fetterman and Ro Khanna, that's just not true.

00:13:35.820 They're siding with, including Elizabeth Warren, they're siding with the sociopathic overlords of easy money on Wall Street. 0.91

00:13:44.160 They are siding with the narcissistic globalists of the apartheid state of Silicon Valley.

00:13:54.600 This fight can be narrowed down to two things.

00:13:59.900 Number one, to bring high-value-added manufacturing jobs back here to the United States of America

00:14:05.560 and to have American citizens fill those jobs.

00:14:09.340 To recreate the dynamism of America as a manufacturing superpower.

00:14:20.180 This fight continues.

00:14:21.640 The Kochs and Leonard Lear are taking President Trump to court, going to a federal court.

00:14:25.460 Does that surprise you?

00:14:27.440 Big court reversals on trying to stop President Trump on the unitary executive theory.

00:14:32.820 Or as some of the war room engine room tells me,

00:14:37.460 Hey, Steve, just call it Article 2.

00:14:38.960 He's just being President.

00:14:40.060 Not a theory.

00:14:40.820 It's a fact.

00:14:42.500 I'm listening to you.

00:14:44.300 Short commercial break.

00:14:46.720 It's a morning of Turnaround Tuesday here in the war room.

00:14:49.760 You don't go out and buy a life jacket when the boat is already sinking.

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00:16:11.680 A bipartisan, privileged resolution to end the latest crop of global tariffs that are clobbering American families and small businesses.

00:16:23.520 Members on both sides of the aisle ought to know that this is a call to action, and Congress must step in to reign this president on trade.

00:16:32.120 Thank you, Mr. Chairman.

00:16:34.560 Thank you, Senator Wyden.

00:16:36.520 And Ambassador Greer, you may now make your statement.

00:16:40.920 Thank you.

00:16:41.620 Chairman Crapo, Ranking Member Wyden, and members of the committee, I appreciate you taking the time today for this hearing.

00:16:48.140 Last Wednesday, President Trump declared a national emergency in response to the large and persistent trade deficit that has built up in recent years.

00:16:55.580 This deficit is driven in part by non-reciprocal tariffs, trading barriers, and other economic policies pursued by our foreign trading partners.

00:17:03.480 The situation is urgent.

00:17:04.660 President Trump imposed tariffs to address this emergency, and these measures are aimed squarely at achieving reciprocity and reducing our massive trade deficit to reshort production in the United States.

00:17:16.340 This national emergency declaration and tariff action is the most significant change in U.S. trade policy since we allowed China to join the World Trade Organization.

00:17:24.120 The American working class, in particular, has suffered concentrated losses from the so-called China shock and other adverse effects of past trade policy and the conditions that give rise to this massive trade deficit.

00:17:37.220 You've heard some of these numbers before.

00:17:39.400 The United States has lost 5 million manufacturing jobs and 90,000 factories since 1994.

00:17:45.280 President Biden left with a 1.2 trillion trade deficit in goods, the largest of any country in the history of the world.

00:17:52.860 The United States' share of world manufacturing output declined from 2001 to last year.

00:17:58.220 In the fourth quarter of 2024, U.S. manufacturing as a share of gross domestic product was the lowest it had been in 20 years.

00:18:05.460 During COVID, we were unable to procure semiconductors to build our cars or materials for pharmaceuticals and personal protective equipment.

00:18:13.020 During World War II, we built nearly 9,000 ships.

00:18:16.260 Last year, the United States built only three ocean-going vessels.

00:18:19.580 Our agricultural trade balance, which historically resulted in trade surpluses for our farmers, was in deficit the last two years of the Biden administration and likely will take some time to recover.

00:18:30.960 These are all serious indicators of an economic and national security emergency, and we can't ignore it.

00:18:36.840 One important driver of these negative trends has been unfair, unbalanced, and non-reciprocal trade.

00:18:41.100 This includes the effect of higher tariffs imposed by other countries on the United States, the effect of non-tariff measures that promote other countries' exports and obstruct U.S. exports,

00:18:51.120 and other foreign economic policies favoring overproduction and degrading America's manufacturing capacity.

00:18:57.460 And the lack of reciprocity is an important driver of our global trade deficit and with particular countries, so it's common sense to focus on these indicators.

00:19:04.660 For example, the European Union can sell us all the shellfish they want, but the EU bans shellfish from 48 states.

00:19:12.740 The result is a trade deficit in shellfish with the EU.

00:19:16.600 We only charge a 2.5% tariff on ethanol, but Brazil charges us an 18% tariff.

00:19:21.640 The result?

00:19:22.640 We have a large trade deficit in ethanol with Brazil.

00:19:25.380 Our average tariff on agricultural goods is 5%, but India's average tariff is 39%.

00:19:30.660 You understand the trend here.

00:19:33.220 Our trade deficit, driven by these non-reciprocal conditions, is a manifestation of the loss of the nation's ability to make, to grow, to build.

00:19:42.400 And the president recognizes the urgency of the moment.

00:19:45.640 On the first day of his second term, President Trump issued a comprehensive memorandum setting out his trade policy directive.

00:19:52.060 And over the past 10 weeks, he has executed on nearly all of these priorities.

00:19:56.120 He has tightened tariffs on steel and aluminum.

00:19:57.780 He's imposed new measures on auto and auto parts not made in the United States.

00:20:01.740 And on April 2nd, the president declared the national emergency that we've discussed.

00:20:05.700 And so the president has imposed a reciprocal tariff, along with a global baseline tariff, to achieve reciprocity with other countries and to drive the dangerous deficit down.

00:20:14.260 And the president's strategy is already bearing fruit.

00:20:17.140 Over the past few weeks, a planned layoff for an auto production shift in Tennessee has been suspended.

00:20:21.060 Another automaker is hiring additional employees and expanding overtime to increase auto production in Indiana.

00:20:27.580 Companies have announced $4 trillion in new investment in the United States.

00:20:31.760 Nearly 50 countries have approached me personally to discuss the president's new policy and explore how to achieve reciprocity.

00:20:37.720 And they've spoken with many members of the administration.

00:20:40.500 Several of these countries, such as Argentina, Vietnam, India, and Israel, have suggested that they will reduce their tariffs and non-tariff barriers in line with the president's policy.

00:20:48.840 And these obviously are welcome moves.

00:20:51.400 Our large and persistent trade deficit has been over 30 years in the making.

00:20:54.600 And it will not be resolved overnight.

00:20:56.180 But all of this is in the right direction, particularly as we start to negotiate with these countries.

00:21:01.940 We must move away from an economy that's based solely on government spending and the financial sector.

00:21:07.260 And we must become an economy based on producing real goods and services that provide jobs for working class and middle class Americans in their communities.

00:21:14.660 This adjustment may be challenging at times.

00:21:16.560 And in a moment of drastic overdue change, I'm confident, I'm certain that the American people can rise to the challenges they've done before.

00:21:24.480 I appreciate this committee's interest in President Trump's trade agenda.

00:21:27.940 I'm glad we're talking about this.

00:21:29.560 That's created a debate.

00:21:31.120 And we may not agree on everything, but I know that you want to do what's best for America.

00:21:35.800 So does the president, and so do I.

00:21:37.260 And we'll collaborate together on this.

00:21:38.840 Thank you again for your time, and I look forward to our conversation.

00:21:41.180 Let me have it right there at the Senate Finance Committee.

00:21:48.020 Okay, the Senate Finance Committee is having Jameson Greer right there, War Room Posse. 0.94

00:21:53.700 He was Lighthizer's deputy.

00:21:55.860 He is now the USTR.

00:21:57.280 He's taken Bob Lighthizer's position.

00:22:00.800 He's a cabinet official ambassador, Jameson Greer.

00:22:03.740 He's getting grilled today by the Senate Finance Committee.

00:22:06.020 That opening was the senator from Oregon, Ryan Wyden.

00:22:11.640 And Wyden is sitting there and saying this is a total failure as you have 100 countries stacked up.

00:22:19.220 South Korea, Japan, the EU have already said they want to come in and talk.

00:22:24.140 He also said why zero tariffs alone are not enough.

00:22:27.880 This backs up what Peter Navarro said the other day.

00:22:30.760 Peter Navarro, obviously, he and Scott Besson are running this deal with Jameson Greer.

00:22:35.620 So those three are your key folks doing this.

00:22:40.100 Wyden is trying to be part of a rebellion in the Senate.

00:22:43.680 And this is why guys like Tom Tillis and others, Mitch McConnell, are traitors to MAGA and to the American people by backing these radical Democrats.

00:22:55.300 These Democrats are supposed to be for the people, for working class people, for the middle class.

00:23:00.600 Absolutely not.

00:23:01.720 They're showing right now they're running dogs for Wall Street as they try to come in and support the globalist.

00:23:08.360 Very simple.

00:23:09.260 You're either on the nationalist side here or you're on the globalist side.

00:23:12.280 Everybody that's criticizing President Trump, everybody's coming in.

00:23:15.240 And now they're trying to take shots at Peter Navarro.

00:23:19.360 Peter Navarro carries a honey badger.

00:23:22.300 Not just that.

00:23:23.140 His policies are winning.

00:23:25.080 He knows this.

00:23:26.140 The numbers he's running for the president.

00:23:27.940 The president is dug in hard, dug in as hard as I've ever seen.

00:23:31.140 No president of the United States has ever taken on the global system and he's breaking it in front of you.

00:23:38.320 And, of course, people are saying, oh, this is absolutely terrible.

00:23:40.180 It's going to be a massive and is already a massive benefit to the American working people.

00:23:44.980 This is the reason that you have almost a trillion dollars now of commitments of major companies bringing plant and equipment back here for manufacturing purposes.

00:23:54.800 Now bring back the supply chains, the rest of the ecosystem that goes around bringing your plants in.

00:24:01.860 This is a hardball negotiation.

00:24:04.500 That's why President Trump didn't blink.

00:24:06.600 Actually, the tariffs still go in.

00:24:08.100 April 9th is when the reciprocity kicks in.

00:24:10.520 Now, individual countries, as they come in, may or may not get abeyances depends on how serious they are.

00:24:17.300 But right now, President Trump's totally dug in and he's very much dug in and kind of singled out the Chinese Communist Party because the Chinese Communist Party is absolutely.

00:24:25.200 That is the I would say the point of the exercise is we don't get China right. 0.88

00:24:30.880 The rest of it doesn't matter.

00:24:32.320 You have to get China right. 0.98

00:24:33.340 And I believe he's doing the right thing with China, which is to break right now the Chinese Communist Party.

00:24:39.400 The tariffs alone because of their retaliatory nature, what the CCP did, that the tariffs on China, I think, are 104 percent.

00:24:48.420 And let's say this.

00:24:49.440 They're not a functioning economy with that.

00:24:51.140 They don't have a huge consumer market.

00:24:52.640 They've tried to do that.

00:24:53.480 I had a senior executive at one of the most important financial papers try to convince me the other night that their consumer market was going to see China through.

00:25:04.120 That's absolutely not correct.

00:25:05.460 She knows that.

00:25:06.640 The senior cadre leadership of the Chinese Communist Party know this.

00:25:11.080 So right there you see Ron White.

00:25:12.420 So there's two angles of attack on President Trump.

00:25:14.780 One is going to be this political angle to try to gin up the Senate particularly to thwart President Trump's plan.

00:25:22.100 And he let guys like Ron Wyden run trade policy.

00:25:26.600 President Trump declared a national emergency.

00:25:28.940 He's in charge of this.

00:25:30.320 And so far, to be brutally frank, it's working magnificently.

00:25:34.320 Stock market has rebounded.

00:25:35.940 And remember, we're not saying fluctuations in the stock market are so important.

00:25:40.640 But the opposition of President Trump, CNBC, MSNBC, the New York Times, Washington Post, Wall Street Journal, they tried to gin up a crash.

00:25:51.780 They tried to gin up hysteria.

00:25:54.080 They tried to gin up a panic.

00:25:56.260 And the American people just sat there and go, hey, we see what Trump's doing.

00:26:00.240 We're not selling.

00:26:01.620 We're not in a panic mode.

00:26:02.660 The hedge funds that backed the globalists, the highly leveraged hedge funds that helped send the jobs over to China and still deeply invested over there.

00:26:12.700 Yeah, they got a little nervous, started dumping their shares and sometimes maybe even forced to dump some shares.

00:26:18.720 But that's their problem.

00:26:19.900 It's not President Trump's problem.

00:26:21.020 It's not the American people's problem.

00:26:22.460 That's their problem.

00:26:23.520 Sounds like a personal problem.

00:26:25.680 This process so far has worked magnificently.

00:26:27.820 The nations of the earth have had – this is the same type of wake-up call, headshot, that he gave the administrative and deep state.

00:26:38.740 This is exactly what he's doing geopolitically.

00:26:42.020 Geopolitically dropped another bomb yesterday right in front of Bibi.

00:26:45.140 Hey, Bibi's coming over. 0.96

00:26:46.020 Remember, Bibi's coming over to pitch a military invasion or an air attack on the Persians' nuclear compound. 0.87

00:26:55.880 President Trump says, oh, by the way, at the thing, oh, by the way, we're in one-on-one senior-level negotiations about that, and we're meeting next on Saturday at the highest levels.

00:27:04.740 Next question.

00:27:06.980 President Trump, go back to the three verticals on national security.

00:27:11.240 Completely reordering the geopolitical realities of the world off of the Eurasian landmass to a hemispheric defense.

00:27:20.060 Number two, on the geoeconomics of it, he is bending the world trade system to support and benefit citizens of the United States, particularly working class, that it all rests on their shoulders anyway. 0.53

00:27:36.300 And last, he's taking on the administrative state and the deep state.

00:27:39.700 The Kochs and Leo Leonard are running to court on trade.

00:27:43.520 They don't trust the political process to stop Trump.

00:27:46.020 They don't think that the countries of the world will stop him.

00:27:49.640 They're running to, guess what, a federal judge to try to stop President Trump.

00:27:55.080 Note to Leonard Leo.

00:27:57.480 He ain't stoppable.

00:27:59.980 Short commercial break on Turnaround Tuesday in the war room.

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00:29:34.020 Do it.

00:29:35.320 Do it today.

00:29:36.740 Use your agency.

00:29:38.020 Action.

00:29:38.720 Action.

00:29:39.260 Action.

00:29:40.220 Conversations with other countries that if they want to have reciprocal trade with us, that's something that we need to consider as well.

00:29:47.080 And we expect them not to discriminate against our services companies.

00:29:50.300 We have some of the most competitive in the world.

00:29:51.740 I agree with you.

00:29:52.400 And to me, that's part of this calculation.

00:29:54.280 I wrapped up with the services question because it seems to me it's classic Donald Trump.

00:29:59.040 Really good at talking about problems, even saying that there is some reason to go forward, identifying a problem, but pretty damn bad at fixing them.

00:30:09.440 And there's going to be a whole lot of collateral damage in the process if you all continue with these trade policies and services and in other areas.

00:30:16.640 Thank you, Mr. Chairman.

00:30:17.740 Thank you, Senator Cornyn.

00:30:19.220 Okay.

00:30:20.580 Let me have it.

00:30:23.840 Your last thing we need to hear is from Cornyn Wright, Attorney General Paxson.

00:30:29.540 Ron Wyden there throwing the prams.

00:30:32.600 He's big mad. 0.72

00:30:34.620 He's big mad.

00:30:35.760 You know why?

00:30:36.320 He was one of the first guys who came over and saw us in the first term.

00:30:39.120 He thinks he's Mr. Trade and Tariff.

00:30:41.840 Such is not the case, sir.

00:30:44.320 You've really never stood up for the American worker. 0.60

00:30:46.480 And now you're getting smoked. 0.51

00:30:48.840 He's big mad.

00:30:49.960 A lot of people are big mad today.

00:30:51.540 A lot of people going after Dr. Navarro.

00:30:54.800 Folks got to understand, Dr. Navarro, Peter Navarro is a pretty tough nut.

00:31:00.140 I know the doctor quite well, considering I'm not just a close friend, but also a colleague.

00:31:05.700 He's a he's just an incredible piece of work.

00:31:09.220 And nobody is is got the president's back like Dr. Navarro.

00:31:14.580 Of course, he's all over media.

00:31:15.540 But his plan is rolling out.

00:31:17.180 And I think it's rolling out very smartly with Scott Besson.

00:31:20.200 Right there is Jameson Greer.

00:31:21.460 And Jameson Greer is going to be taking incoming from the Democrats.

00:31:24.200 The Democrats who should have done this, who should have stood up for the American people, who should have stood up for the American worker and never did,

00:31:32.220 abandoned them for the sociopathic overlords of easy money on Wall Street and the apartheid state of Silicon Valley and slobbered all over big tech.

00:31:43.440 The tech broligarchs.

00:31:45.140 Where are all the tech broligarchs?

00:31:46.440 Haven't seen the broligarchs come in and really have President Trump's back on that. 1.00

00:31:50.440 Been noticeably quiet.

00:31:51.700 I would actually say crickets.

00:31:54.200 Folks over there should understand this is to the core of President Trump's being.

00:32:00.440 This is why he ran for president of the United States to turn this country around and particularly turn this country around in manufacturing.

00:32:08.460 This is the issue that has energized him for decade after decade after decade and finally convinced him along with mass,

00:32:14.880 the mass immigration, the invasion of the country that was going on of how America was getting weaker, 0.90

00:32:19.820 how America was not great like it used to be.

00:32:22.340 And he was going to come in and return America to her greatness.

00:32:26.020 And so he is doing it and taking on all comers.

00:32:30.180 If you look at the institutions of the world, this has never happened, I don't think, in world history.

00:32:36.320 One individual with a loyal set of followers in a political movement are taking on every institution that has failed the American people,

00:32:45.200 starting with the Congress, starting with the media, the law firms, the universities, high culture, low culture,

00:32:53.420 just even the woke military, the woke elements in the military, now the international trading system.

00:33:01.060 These are every country of the world's coming at him.

00:33:03.420 The EU, Germany, France, Japan, Korea.

00:33:07.280 And they're all after realizing he's not going to be budgeable.

00:33:11.040 There's he can't.

00:33:11.820 He won't budge.

00:33:12.480 OK, fine, fine.

00:33:13.320 I got it.

00:33:13.760 I got it.

00:33:14.420 Take a phone call.

00:33:15.560 Get us in the queue.

00:33:17.040 Let us come over, see Besson and see Navarro and see what we can figure out.

00:33:21.740 And the political class in Washington, D.C. is actually stunned and shocked.

00:33:26.000 They thought they had him.

00:33:27.060 This is why the media spent so much time trying to create hysteria, trying to create hysteria.

00:33:33.100 You know what I haven't heard in the last day?

00:33:36.340 Where's the signal chat?

00:33:37.900 Where was that last thing?

00:33:38.780 They got to go from one thing to the next to the next.

00:33:41.600 Their new one is going to be recession.

00:33:44.080 Recession is going to be here.

00:33:45.440 We're service industries.

00:33:46.840 Ron White was just saying the service industries.

00:33:48.700 You're not considering the service industries.

00:33:51.020 You can't build a nation's vibrant economy off service industries, sir.

00:33:55.000 We're not Singapore.

00:33:56.600 OK, you got to get the joke here of what the United States is and how the United States is empowered.

00:34:03.340 It's not off service industries.

00:34:05.860 Like I said, we're not Singapore.

00:34:07.260 Or you'll turn into what Great Britain has become, which is what the Tory party turned them into and Blair in that part of the labor government, which was Singapore on the Thames.

00:34:20.440 This is why England's having such a tough time surviving.

00:34:23.720 Right.

00:34:23.820 Much of England is is nothing more than a developing nation economically because they've abandoned what they abandoned.

00:34:30.920 They've abandoned manufacturing, high value added manufacturing.

00:34:36.180 And that is coming back to the United States.

00:34:37.880 President Trump is hammering that out even as we speak.

00:34:40.660 And they hate it.

00:34:42.040 They're going to hate him even more.

00:34:43.920 And here's the beauty.

00:34:45.080 You're unmasking everybody.

00:34:46.260 It's not Republican and Democrat.

00:34:49.220 Just please leave.

00:34:50.340 Those are old, old, old kind of groupings that are essentially irrelevant.

00:34:57.500 It is populist nationalism versus elite globalism.

00:35:02.080 And the globalist, the ones who are not in the elites, who are in service to the elites, the great unmasking is happening.

00:35:08.460 And you see you're seeing this by people are talking about open borders with Europe and bringing, you know, all you know, let's just change.

00:35:17.200 Let's say everybody just come across the border and work where they want to work.

00:35:19.380 No, that's not going to happen.

00:35:20.520 That's not going to happen.

00:35:21.600 The American citizen is not going to be flooded with Europeans that come over here and take their jobs, particularly the high value added jobs.

00:35:28.900 That is never going to happen.

00:35:31.060 That is that is repulsive, even as a thought.

00:35:34.520 Just like we stopped the invasion on the southern border for for lower skilled against Hispanics and African-Americans now to have Europeans come in and go after the middle class and the tech jobs and the managerial jobs. 0.95

00:35:47.220 It's not going to happen.

00:35:48.920 It's not going to happen where they where they they come in and against every ethnicity and religion and race.

00:35:54.900 Take all take all the plum jobs. 1.00

00:35:57.060 It's not going to happen.

00:35:58.180 It's not going to happen.

00:35:59.160 People bring it up, don't actually understand the core of what this arguments about.

00:36:04.900 Somebody understands it.

00:36:06.340 President Trump and President Trump is dug in and dug in and dug in quite hard on this.

00:36:12.280 I want to go.

00:36:13.100 By the way, this is the best time ever to go to Birch Gold.

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00:36:24.400 Other precious metals in the era of Trump right now with a stock market.

00:36:30.240 It's going to go up.

00:36:30.920 It's going to go down.

00:36:31.680 You're going to have good movements.

00:36:33.100 You're going to have bad movements.

00:36:34.060 One thing you've got is volatility and turbulence.

00:36:37.460 You have a lot of volatility, volatility and turbulence.

00:36:40.900 You need to know why gold has been a hedge for five thousand years of mankind's history.

00:36:44.620 So start there.

00:36:45.440 You can also go to the end of the dollar empire.

00:36:47.600 We laid out in now six installments.

00:36:49.740 And I'm working on the seventh installment, even as we speak, to make sure we give you a primer for all of it.

00:36:56.480 Tej Gill.

00:36:56.980 Hey, Tej, now more than ever, Tej Gill's with me.

00:36:59.740 I asked him to come on this morning because I need I need another pot of Warpath coffee put on because it's been that kind of last couple of days.

00:37:09.120 Haven't gotten a lot of sleep, brother.

00:37:10.880 My Warpath coffee's got me through it, though.

00:37:13.600 My Mariner's Blend, my Dark Roast.

00:37:15.120 What do you got for us?

00:37:16.960 We've got plenty, Steve.

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00:37:35.180 It is incredible coffee.

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00:37:43.620 Now, tell me real quickly, how do you guys brew this?

00:37:46.380 How do you guys brew this?

00:37:47.540 I know you're holding the line on on on on cost so that prices are in line, but it's it's amazing coffee.

00:37:54.760 Give people I just want to go through the special brewing because, man, it makes it it is the champagne coffee.

00:37:59.040 You don't need cream.

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00:38:00.540 If you've never tried coffee black because it's got too much acid, you know, it's too acidic.

00:38:05.560 That's not this coffee.

00:38:06.880 And particularly the darker roast, which I think are the just the better for coffee aficionados, the espressos and the French roast.

00:38:13.900 This is where you can really drink it and drink it black.

00:38:17.540 Tell me how you do it.

00:38:19.840 Yep.

00:38:20.320 So we we roasted on a perforated drum.

00:38:23.420 And by doing that, we don't burn the coffee at all.

00:38:26.660 We actually caramelize it when we roast it.

00:38:28.760 So you don't need milk and you don't need sugar to drink our coffee because we don't it's not acidic and it's not bitter or sour at all.

00:38:36.900 So you can just drink like a nice cup of smooth black coffee.

00:38:42.020 And it is amazing.

00:38:43.580 People people actually love it.

00:38:45.200 We actually convert non coffee drinkers into coffee drinkers.

00:38:49.280 And then, you know, we bring people over from other brands.

00:38:51.640 This is really good coffee.

00:38:53.760 I think I told you during during the war when I was going back and forth, I was in Kuwait for Ramadan and I had the best cup of coffee I've ever had there.

00:39:04.240 And I'd never drank coffee that wasn't bitter and acidic.

00:39:08.880 So that's when I decided to start coffee.

00:39:11.740 That's the coffee I was going after was a very smooth cup of coffee.

00:39:16.860 And by roasting it on the perforated drum, we don't burn it at all.

00:39:22.480 And sometimes the tips of the burn, the tips of the beans get burnt and that's called tipping.

00:39:27.320 And that also brings the acidity and the sour taste to the coffee.

00:39:31.760 So we've really perfected this smooth coffee and you don't need milk.

00:39:38.220 You don't need sugar.

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00:39:40.160 It's it's amazing coffee.

00:39:41.920 If you haven't tried it, I highly recommend you try it.

00:39:45.460 The website is warpath.coffee.

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00:39:51.000 And I think we'll convert you to being a war path coffee drinker.

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00:40:05.400 And read some of the 8,000 five-star reviews.

00:40:08.780 Read some of the 8,000 five-star reviews.

00:40:10.680 That is your your compatriots here in the war room.

00:40:14.080 Tej, go one more time.

00:40:14.940 Where do people go?

00:40:15.600 Warpath.coffee is a website promo code war room and check out the 8,000 five-star reviews

00:40:25.200 that are real reviews not paid for warpath.coffee promo code war room and check out the reviews.

00:40:32.760 You're going to love the coffee if you try it.

00:40:36.160 Thank you, brother.

00:40:37.160 Appreciate it.

00:40:37.920 Thank you, sir.

00:40:38.480 The return customer right here is also off the charts.

00:40:43.380 The advisors to the company that advise these small companies when they start has never seen anything like it.

00:40:49.080 The reason is once you try it, you will not drink another coffee.

00:40:52.140 This is the coffee you drink.

00:40:53.560 And I say that as an aficionado.

00:40:55.760 And I'm a devotee now of Warpath Coffee.

00:40:59.380 Just a reset.

00:41:00.220 So today, in the courts, huge victory from President Trump last night on the illegal, on the aliens, enemies of 1798 upheld at the Supreme Court levels of President Trump as commander-in-chief can keep shipping Venezuelans out of the country.

00:41:20.460 Designate, particularly ones designated in this terrorist criminal group.

00:41:24.240 We'll try to have a breakdown of that in the second hour.

00:41:26.480 If not, we'll do it at 5 o'clock tonight.

00:41:27.980 On this massive taking on all comers and reorganizing our trading, President Trump is, you know, there's no way you can say it, is winning.

00:41:40.600 Not only do you have a more robust trading market today in stocks and equities throughout the world, not just in the United States, but people understand what he's doing.

00:41:48.720 He is standing up what a nation's leader should do for the first time in decades and decades and decades and decades.

00:41:56.180 He's putting the American people first. 0.65

00:41:58.160 He's putting America first.

00:41:59.940 He's saying, hey, my responsibility is to get the best deal possible for the American people.

00:42:04.820 The problem to date is that presidents came in and thought they were presidents of the world.

00:42:08.720 You're not president of the world.

00:42:10.760 You're president of the United States of America and American citizens.

00:42:14.500 And one of the best things about this process, you're unmasking, unmasking everybody that really stands with President Trump and stands with the MAGA movement and stands with the core tenants of the MAGA movement.

00:42:27.900 And everybody that's just there to hold, to grab on and see how much they can get, to see how much they can grab, why the grabbing is good.

00:42:38.540 Well, President Trump says, hey, we're turning this deal around and we're going to turn this thing around and have stability.

00:42:43.500 We're going to have economic stability and we're just not going to be based upon services.

00:42:47.820 Services can come and go.

00:42:49.060 People are going to put more capital on the back of services and make them more competitive.

00:42:53.660 A sustainable competitive advantage on services, quite difficult, particularly to do it year after year after year.

00:43:02.240 Manufacturing and manufacturing processes with your intellectual property, with your copyright, your trademark, your patents, very sustainable.

00:43:11.900 This is one of the reasons we had the massive war against the Chinese Communist Party.

00:43:15.640 The stealing of the intellectual property, the gaming of the system.

00:43:19.720 And they've thrown down hard.

00:43:21.100 They said they're going to fight to the bitter end.

00:43:23.180 I think I might be able to see that bitter end up near the sunlit Uplands short break.

00:43:39.740 What if he had the brightest mind in the war room delivering critical financial research every month?

00:43:46.500 Steve Bannon here.

00:43:47.280 War room listeners know Jim Rickards.

00:43:49.320 I love this guy.

00:43:50.760 He's our wise man, a former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics and capital markets.

00:43:58.380 Jim predicted Trump's Electoral College victory exactly 312 to 226 down to the actual number itself.

00:44:07.740 Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.

00:44:14.800 His latest book, Money GPT, exposes how AI is setting the stage for financial chaos, bank runs at lightning speeds, algorithm-driven crashes, and even threats to national security.

00:44:27.000 Right now, war room members get a free copy of Money GPT when they sign up for Strategic Intelligence.

00:44:33.600 This is Jim's flagship financial newsletter, Strategic Intelligence.

00:44:37.900 I read it.

00:44:39.460 You should read it.

00:44:40.500 Time is running out.

00:44:41.440 Go to RickardsWarRoom.com.

00:44:43.280 That's all one word, Rickards War Room, Rickards with an S.

00:44:46.660 Go now and claim your free book.

00:44:49.120 That's RickardsWarRoom.com.

00:44:51.640 Do it today.

00:44:52.220 Here's your host, Stephen K.

00:44:55.800 So at the highest level, for the highest stakes, this is being played out on the global stage right now, and President Trump is dug in.

00:45:07.940 At the same time, he's doing an absolute big deal with the Russian on the Russian rapprochement, right, which is this overall kind of arrangement, understanding with the Russians.

00:45:22.700 That includes Ukraine.

00:45:23.880 This includes Persia, the Middle East, also economics.

00:45:27.680 So he's juggling that.

00:45:30.020 He's juggling the economy.

00:45:31.860 They had this reconciliation.

00:45:34.320 I still can't make height or hair of it, so I'm going to defer that until this afternoon.

00:45:39.920 I have more meetings to make sure I go through this because right now the Senate, what the Senate's proposing makes absolutely no sense, I don't think, just mathematically.

00:45:49.180 So we're going to get into all that, but that's another huge thing that's going, as President Trump didn't have enough on his plate, but he's dug in on this right now.

00:45:57.140 So one of the most important parts of this, that's why also it is, I think, now more than ever for you to understand the macroeconomics of it.

00:46:07.400 We try to give you enough information on this, but I really recommend the end of the dollar empire.

00:46:11.700 There we go back.

00:46:12.520 We talk about debt.

00:46:13.660 We talk about deficits.

00:46:15.180 We talk about how the world's economy is structured.

00:46:18.560 It's all totally free, totally free.

00:46:20.960 And just even if you don't understand it the first time, just read through it.

00:46:24.280 I think you'll pick up most of it.

00:46:25.880 The end of the dollar empire.

00:46:27.380 It's now six installments, including the last, which is modern monetary theory.

00:46:32.340 Another crazy idea.

00:46:33.720 This one is why I say the world is $300 trillion just waiting for a margin call.

00:46:39.040 Almost had one the other day, particularly these companies that invested in China and have backed the CCP.

00:46:45.240 They're getting a little shaky right now.

00:46:46.820 But if you go, you'll understand, you'll understand, I think, all of this.

00:46:51.620 So go today.

00:46:52.660 Enter the dollar empire.

00:46:53.960 Birchgold.com slash Bannon.

00:46:55.680 But most importantly, talk to Philip Patrick and the team.

00:46:58.060 That's who you need to get with.

00:46:59.540 You need to talk with those guys.

00:47:01.980 Forrest Cho joins us.

00:47:05.000 He's running the new federal state of China.

00:47:06.580 We're going to have a big conference on 4 June that, hey, Forrest, that we're going to have more details about starting next week.

00:47:14.740 Forrest, the Chinese part of this, the CCP part of this is the one that just jumps out. 0.99

00:47:20.860 The Financial Times over the weekend.

00:47:23.900 Trump defined as Beijing's fight back, defense turmoil.

00:47:27.140 It's only gotten worse over the last 48 hours.

00:47:30.420 They've retaliated.

00:47:31.500 President Trump has said, if you retaliate with 34 percent increase, that we're going to go to over 100 percent.

00:47:38.760 President Trump, they're the ones that have not that have not set up a meeting or discussions.

00:47:43.280 I'm not so sure there's anything to discuss.

00:47:45.980 Give us the outlook of yourself as a freedom fighter and also Lao Baixing that are kind of caught in the cross currents of this, sir.

00:47:54.340 Thank you so much, Steve.

00:47:55.660 I think definitely there is no talk, no negotiation.

00:47:59.480 As Peter Navarro pointed out, this is not about negotiation.

00:48:04.220 There is no negotiation.

00:48:06.260 This is about the security of this country.

00:48:09.780 And also, I think the CCP and Xi is playing a game of chicken with the president, with the American people, which he will lose and the CCP will lose.

00:48:21.080 This tariff is not a war about trade.

00:48:25.000 This is not about the tariff itself.

00:48:27.880 This is regarding the security of this country.

00:48:32.560 I think the war on policy knows too well this is unrestricted warfare.

00:48:37.840 And this is an exciting, exciting threat war for this country.

00:48:48.760 This is between the evil and the good.

00:48:52.120 So I think the Chinese Communist Party, they are always the paper tiger. 0.99

00:48:57.620 They can talk whatever they want to talk.

00:49:00.840 But the fact, the truth is, their economy is weak.

00:49:04.680 It's a paper tag economy, which is enabled by the Wall Street elite and the devils.

00:49:10.420 So they will not survive any real war.

00:49:14.340 So that's the fact.

00:49:15.380 And also, this tariff we are adding will take away, will decouple from the Chinese Communist Party, which we talked about for a long time.

00:49:25.320 This will take their ability to infiltrate any country, to warfare in America, and also take their funding for the military. 0.52

00:49:35.080 This is a big thing.

00:49:36.280 And also, you know, this will encourage the Chinese lobbying and the common people to rise up and taking down the Chinese Communist Party.

00:49:49.100 This is the best time.

00:49:50.480 This is the opportunity for Chinese people and also the people all over the world to taking down the dictatorship.

00:49:59.120 And also, make no mistake.

00:50:02.080 I think this is their last stance.

00:50:05.020 The Chinese Communist Party, with their enablers, they will fight to the better end, as you just mentioned.

00:50:12.340 But the point is, they don't have that capacity.

00:50:17.360 Everything built for the Chinese Communist Party is built on the lies and the fake economy. 0.98

00:50:24.320 So that's something we have to understand.

00:50:27.220 I think the American people is not and should not panic.

00:50:30.720 The real, the truly terrified is the Chinese Communist Party. 0.54

00:50:36.000 That's why they have all this war. 0.55

00:50:38.020 You know, we talk about a wolf warrior.

00:50:41.580 This is all their talk.

00:50:42.940 They have no capacity.

00:50:44.520 And they cannot survive this fight.

00:50:48.540 So this is just a game of chicken.

00:50:52.200 And also, the last thing, I think we have to, the American people has to be prepared because, you know what, the Chinese Communist Party controls the propaganda, even in this country.

00:51:03.840 So in China, they 100 percent control the media.

00:51:07.600 So whatever they do, they fight to the end.

00:51:10.980 They sacrifice the well-being of the Chinese people. 1.00

00:51:15.520 They don't care.

00:51:16.460 Think about the, we talk about Korea recently.

00:51:19.360 Think about the Korean War.

00:51:21.160 They sent 100,000 people and their soldier with no weapon to die.

00:51:26.240 They don't care.

00:51:27.980 All they care is about their power.

00:51:30.380 So for this, they don't care about their economy.

00:51:33.600 It's a fake anyway.

00:51:36.020 So they will fight.

00:51:37.680 They won't hesitate or delay their action.

00:51:42.780 So for us, for the American people, and especially the administration, we have to act swiftly and decisively and boldly.

00:51:53.660 Because that's the way you can take down the Chinese Communist Party.

00:51:57.680 So, Forrest, can you hang on for a second?

00:52:01.560 I want to hold you through the break, through the next, into the next segment.

00:52:06.040 Forrest Chu joins us from the new federal state of China.

00:52:10.140 We're going to put on a big conference on the anniversary of Tiananmen Square on 4 June.

00:52:16.880 Have a number of very prominent speakers.

00:52:19.100 I happen to think we'll still be in the middle of this because it's not going to get sorted quickly.

00:52:24.560 Chinese Communist Party has dug in.

00:52:25.980 They've said, quote, from their finance minister and their trade minister, they will fight Trump in the United States to the bitter end.

00:52:34.460 We're going to find out from Forrest that that means going kinetic around Taiwan.

00:52:38.520 We take a short commercial break.

00:52:40.120 We'll return to the war room.

00:52:41.360 Just a moment.

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Bannon's War Room - April 08, 2025

Episode 4396： Turn Around Tuesday; Markets Bounce Back

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