It s a once in a multiple generation opportunity to rebalance our trade problems. We explain President Trump s tariff strategy in great detail. Senator Rick Scott comes to talk about that topic as well. The Trump administration is planning its biggest round of tariffs yet this Wednesday.
00:00:57.000He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:01:04.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:16.000Noble Gold Investments is the official gold sponsor of The Charlie Kirk Show, a company that specializes in gold IRAs and physical delivery of precious metals.
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00:01:41.000We have a huge week in store and this is gonna be a very very intense News week and we are here for all of it.
00:01:49.000It's called liberation day coming up on April 2nd That is later this week on Wednesday President Donald Trump has said that there is going to be a liberation in this country.
00:02:02.000There will be tariffs put on Every country that has tariffs against us, there will be reciprocity and there will be tariffs across the board.
00:02:12.000The Trump administration is planning its biggest round of tariffs yet this Wednesday.
00:02:16.000Now, do not look at your stock portfolio.
00:02:36.000Now, we already have tariffs on Canada and Mexico, but what we're getting now is a big wave of reciprocal tariffs.
00:02:44.000These are tariffs that President Trump is imposing as retaliation for similar tariffs that have been imposed on American goods in other countries.
00:02:51.000For example, India has a huge tariff on Harley Davidsons.
00:04:34.000What else do we actually physically make?
00:04:36.000Now, there are some small manufacturing companies that have still persisted.
00:04:41.000But we signed a series of trade agreements.
00:04:45.000The North Atlantic Free Trade Agreement, NAFTA.
00:04:49.000We allowed China to go into WTO in the late 1990s.
00:04:53.000We also have decided to Get rid of almost all tariffs over the last 30 to 40 years because we believed that free trade would make us richer.
00:05:03.000Now, while free trade has allowed us to get more stuff, has it actually made us a richer country?
00:05:09.000I had this debate with a strict libertarian on campus.
00:05:14.000He called himself a libertarian economist.
00:05:17.000And I said, the political question is not just whether or not we are getting economically wealthier, It's whether or not our communities are strong, our families are staying formed.
00:05:27.000It's whether or not an average worker can afford to have his or her part of the American dream.
00:05:34.000It's whether or not we have a vibrant and connected culture in our country.
00:05:42.000We have lost 5 million manufacturing jobs in the last 20 years.
00:05:50.000And what we have learned is that when we lose those manufacturing jobs, when those factories are closed, there is a wage reduction for that worker by 11 to 22 percent.
00:06:03.000This was a bipartisan study done by Congress.
00:06:06.000So when a factory worker is no longer building a dishwasher, or a big screen TV, or a pickup truck, and they find a replacement job, there is a wage reduction of 11 to 22 percent.
00:06:21.000Wages, since the World Trade Organization entrance of China into this compact, and since NAFTA was passed, wages for the bottom 10% have only rose 4% over the last 30 years.
00:06:35.000We have closed 60,000 factories in the last 12 years.
00:07:42.000Which means that One of two things have to happen.
00:07:45.000The family has to go into debt to just support a family of four, or the wife has to go into the workforce, which then means the kid has to go to daycare.
00:07:53.000And if you have to do daycare, that's obviously necessary for a lot of people, but it's not ideal for many families.
00:08:01.000Many moms would prefer to be with their kids when they're two, three, four, five, six, seven years old.
00:08:06.000They would prefer to be stay-at-home moms during those formative years.
00:08:10.000Free trade absolutism Has hurt our nuclear families.
00:08:17.000So we have one shot to do this We have one shot and there is going to be a hardware renaissance the same way that we have seen a software renaissance Advanced robotics and advanced manufacturing is going to be the new economic growth curve Where are these tools of the future going to be built?
00:08:40.000The hardware renaissance to build the rockets and the potential flying cars and the autonomous vehicles.
00:08:46.000President Trump understands that there is this window.
00:08:50.000There is this momentary window where we can finally rebalance and course-correct the mistakes of the last 40 or 50 years.
00:08:59.000And you can only do that while you are still the incumbent economic player.
00:09:04.000And as that window is starting to close, President Trump is trying to run right through it.
00:09:09.000And that is what he means by Liberation Day.
00:09:14.000Germany does not allow us to sell Ford vehicles in Germany without ridiculous tariffs.
00:09:21.000So why is it that we should allow the importation of VWs and Mercedes-Benz and BMWs?
00:09:47.000But on the other side of this bumps is a recalibration of how we finance our government and how our economy is structured.
00:09:55.000Because if we do nothing and we continue to engage in the cheap money spigot brought to you by Unfettered free trade policies, we will have no manufacturing base.
00:10:11.000We'll be nothing but a consumerist economy where we are just a colony that buys stuff.
00:10:17.000No, a country is definitionally strong based on whether or not you make stuff in your nation.
00:10:28.000And if you don't, you're no longer a country.
00:10:30.000You're simply A colony that barters goods.
00:10:34.000It is a geopolitical restructuring on our terms.
00:10:37.000And President Trump has the political courage and mandate to make it happen.
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00:12:15.000The president of the UAW understands that all of the parts associated with making a vehicle These companies might have to bite the bullet, and they might have to say no to their McKinsey consultants, and bring them back to America.
00:12:40.000This is a video before I was born in 1992 of a frontline report in Allentown, Johnstown, Pennsylvania.
00:12:49.000Where they were talking about one of these 60,000 factories that were closed.
00:12:53.000Listen to this frontline news report and then multiply this by 60,000.
00:13:00.000We just handed China global superpower status.
00:13:05.000What we did throughout all of this is we handed China global superpower status.
00:13:09.000Here China, go become our greatest enemy.
00:13:12.000Why? Because we want cheaper plastic and trinkets, and the Wall Street class wants to be able to go make an extra couple hundred million bucks.
00:13:19.000The people like Mitt Romney and Bain Capital.
00:14:17.000In fact, Ryan, we should cut up parts of that movie Wall Street.
00:14:20.000As far as in drama form, it goes to show the moneyed Wall Street class that parachuted in and closed and de-industrialized our country.
00:14:29.000The top 1% benefited massively from this because they got higher margins.
00:14:36.000It used to be Where you were able to build an automobile, a computer, a skyscraper, an ocean liner, a fighter jet, entirely with parts manufactured in the United States.
00:14:45.000The era where you could do that was the apex of American success and power.
00:14:50.000Now, the country that can build all those things on its own is China.
00:14:55.000Is it any surprise that they're now our number one rival and probably our enemy?
00:14:58.000Is it any surprise it looks like they are winning?
00:15:01.000When you make things, you learn how to design them.
00:15:03.000When you stop making them, you forget.
00:15:06.000The brain power, the design power, the skills, the ability to fix things, build things, poof!
00:15:46.000Or even if you did, maybe it's time for an enjoyable refresher.
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00:17:39.000They don't comply with any trade deals.
00:17:42.000Their quality, in many cases, is horrible.
00:17:45.000So if we want good-paying American jobs, we've got to protect American manufacturers.
00:17:51.000So what Trump is trying to do with having fair, fair trade protection policies is saying, look, if you are going to protect American companies from being able to sell into your country, which China, as an example, does not let us compete fairly in their country.
00:18:09.000If you're not going to be fair, then we're going to put tariffs on you because we're going to protect American jobs.
00:18:16.000If we go to war, we're going to want to know that we can build things in our own country.
00:18:21.000We want to buy our drugs built in our country.
00:18:23.000We want to buy our military equipment built in our country.
00:18:25.000We want to buy everything we can built in this country and protect American jobs.
00:19:11.000A new survey from a Japan-based news agency pulled executives at 144 major Japanese corporations, and around 30% said they were expanding their operations in the U.S. And another 20% said they were exploring options for expansion.
00:19:26.000So, President Trump's 25% tariffs on imported cars and car parts, that is expected to start next week.
00:19:34.000Tell us about the changes that we're actually already seeing with regards to foreign automakers making ahead of this.
00:19:41.000Yeah, so according to a list released by the White House, which they got from reporting by Reuters, Honda will be producing its new Civic Hybrid in Indiana instead of Mexico.
00:19:51.000Also, Hyundai Motor and Stellantis have announced their plans to set up shop here too.
00:26:07.000By the way, I saw President Trump Friday night down in Mar-a-Lago.
00:26:10.000He is absolutely on board to figuring out how to balance this budget.
00:26:13.000So what we've got to do is we've got to go back to pre-pandemic spending because we can't be running these $2 trillion deficits.
00:26:20.000We've got to give the President the money he needs for the border, the money we need to make sure we plus up our military, and we've got to make sure we keep the Trump tax cuts in place so we keep this economy going.
00:26:29.000I'm very optimistic all those things are going to happen.
00:27:11.000In this story, the twins learn about their rights, that true laws protect people, and that we should help others, and that stealing is always wrong.
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00:27:40.000I want to play more piece of tape here.
00:27:42.000Here is how much money that could be raised through tariffs.
00:27:46.000Now, mind you, this is only taking imports, then dividing the percentage that could come in as revenue.
00:27:55.000I actually hope it's not this much because I want the manufacturing base to then onshore into the United States of America.
00:28:03.000But just look at the enormity of money that we've been leaving on the table.
00:29:30.000but also a Christian principle that is directly at odds with third world nations.
00:29:35.000A Christian principle that is directly at odds with why people stay poor.
00:29:40.000If you had to distill all the reasons why somebody stays poor, there's one major reason.
00:29:48.000Instant gratification versus delayed gratification.
00:29:52.000It's one of the main reasons why people stay poor, there are cycles of poverty, If you look at third world nations, they consume what they grow immediately.
00:30:32.000They think in terms of 50, 100, and 250 years.
00:30:36.000In order for us to compete, we need to think longer than your three-month 401k Wall Street portfolio.
00:30:43.000We need to have the intergenerational maturity to say, my goodness, this is a once-in-a-lifetime opportunity.
00:30:50.000And if we fail to do it, if we fail to rebalance, to reconfigure, to re-domicile, We will never be able to bring back that domestic industrial base.
00:31:02.000We have to set right four decades of degradation.
00:31:08.000Four decades of Wall Street going in and raping 60,000 factories.
00:31:17.000Of the moneyed class parachuting in and telling union labor that worked at their hands, you're done.