The Charlie Kirk Show - What the Trump's Tariffs Mean for You, Today and For The Future

00:00:00.000 Hey everybody, I know the market is down.

00:00:01.000 What does that mean for you?

00:00:03.000 It's happening, but will it stay down?

00:00:05.000 Is it going to go back up?

00:00:06.000 President Trump is trying to rebalance the global economy with tariffs.

00:00:10.000 It is a risky move, one that voters voted for.

00:00:13.000 We discuss.

00:00:14.000 Email us as always freedom at charliekirk.com.

00:00:16.000 Subscribe to our podcast.

00:00:18.000 at the charlie kirk show podcast page and become a member today members.charliekirk.com that is members.charliekirk.com buckle up everybody here we go charlie what you've done is incredible here maybe charlie kirk is on the college campus i want you to know we are lucky to have charlie kirk charlie kirk's running the white house folks I want to thank Charlie.

00:00:39.000 He's an incredible guy.

00:00:40.000 His spirit, his love of this country.

00:00:42.000 He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.

00:00:48.000 We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.

00:00:57.000 That's why we are here.

00:01:00.000 Noble 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.

00:01:11.000 Learn how you could protect your wealth with Noble Gold Investments at noblegoldinvestments.com.

00:01:17.000 That is noblegoldinvestments.com.

00:01:19.000 It's where I buy all of my gold.

00:01:21.000 Go to noblegoldinvestments.com.

00:01:25.000 Look at the main Stories.

00:01:31.000 The stock market does matter.

00:01:40.000 62% of Americans have something that they have worked hard for in the stock market.

00:01:45.000 Should not be diminished.

00:01:46.000 Should not be minimized.

00:01:48.000 Now, markets did know that this was coming.

00:01:51.000 Markets knew that there was going to be some sort of a recalibration.

00:01:56.000 There's going to be some sort of a Hiccup and you're seeing you're seeing it and experiencing it The President Trump ran on tariffs and let me bring you into the room of the calculus if he knows that he wants to do tariffs to get better trade deals and rebalance the deficit if He knows he has to rebuild American manufacturing on one side and he also simultaneously knows that he is going to have Which

00:02:33.000 one would you do first?

00:02:35.000 Would you do the tough stuff first?

00:02:38.000 Or the easy popular stuff first.

00:02:41.000 So President Trump, knowing he has to do tariffs and that people voted to have him do tariffs to reindustrialize the country and onshore jobs.

00:02:53.000 He said and has decided that.

00:02:56.000 To do the tough fight first.

00:02:58.000 Get it out of the way.

00:02:59.000 Shock and awe.

00:03:01.000 Now, out of all the tariffs that President Trump has applied, the ones on China are the most bold of them all.

00:03:11.000 The boldest, I should say.

00:03:14.000 You see, the Chinese Communist Party could very well go into an economic depression over this.

00:03:19.000 Now, whether or not we will go into a recession, we will see.

00:03:22.000 But the Chinese Communist Party is so reliant and so dependent, they are so married to the American market, that they require unfettered free trade, even though we do not have free trade with the Chinese Communist Party.

00:03:39.000 We are not able to open our banks in China, many of our goods and services and our products.

00:03:45.000 We're not able to import many of our vehicles.

00:03:48.000 It is not a reciprocal market.

00:03:50.000 Every U.S. tech company is restricted in China.

00:03:55.000 Out of all of the tariffs that President Trump has issued, the one that is making the markets the most jittery, the one that is making the markets most nervous, is China.

00:04:09.000 The Chinese Communist Party is showing its hand.

00:04:12.000 They know that this could mean the end of the current Chinese Communist Party uptick over the last 25 years.

00:04:22.000 They know it, they sense it, and they feel it.

00:04:25.000 But understand the sequence of events because what's coming after this is going to be almost nothing but good news.

00:04:31.000 You start with the tariffs, and then what is coming next?

00:04:36.000 Deregulation, drill baby drill, oil permits, and then no tax on tips, No tax on Social Security, extending the Trump tax cuts, major middle-class tax cut, heavy machinery depreciation.

00:04:52.000 So you start with the stuff that is going to kind of be a little bit of a gut punch to the markets, and then you build your way up from there.

00:05:00.000 All the while what tariffs do is they are a forcing function to re-domicile companies to the United States.

00:05:07.000 These systemic changes will help us long-term.

00:05:11.000 President Trump is looking to implement a long-term systemic change to help make our country stronger.

00:05:19.000 But it will undoubtedly come with some bumps and some hiccups and, for some people, some short-term economic pain.

00:05:32.000 What is going on here, what is unfolding on the markets, which right now is a red bloodbath, is a moral question.

00:05:41.000 Are we willing to delay the immediate sugar high of gratification, even though we know it is unsustainable and bad for us, to break through on the other side to have a vibrant and strong and long-term durability?

00:06:00.000 That is the question in front of us.

00:06:02.000 And ever since the Greenspan put, ever since the tradition of easy money and the influx of Artificially low interest rates?

00:06:14.000 The stock market has gone up and up and up and we have seen us enter into an era where we don't make stuff but we certainly consume it.

00:06:24.000 You cannot print wealth and the trade deficits coupled with our national debt have left us in a rather precarious situation.

00:06:33.000 You know how easy it would be for President Trump to just punt, to delay, and not confront this problem head-on?

00:06:40.000 America has for decades operated on a plan of trading U.S. dollars for things produced in other countries.

00:06:48.000 We trade paper for goods.

00:06:52.000 We trade paper for goods.

00:06:55.000 If people ever decide they don't want the paper anymore, we are helpless.

00:07:01.000 China makes things.

00:07:03.000 They engineer them.

00:07:04.000 They design them.

00:07:06.000 they have tens if not hundreds of millions of people that are in the manufacturing sector and We believe the propaganda from the free trade absolutists That you are somehow liberated and an enlightened economy if you do nothing But brain work,

00:07:24.000 but no body work as the vet great Victor Davis Hanson said in our program Instead you need both you need both the brain and the body of an economy in fact Despite what all of the experts and the prognosticators told us, we are about to see the greatest hardware demand that humanity has had since the Industrial Revolution.

00:07:52.000 Almost all of the wealth that has driven the stock market over the last 10 years, outside of Apple, Apple is the exception, Has largely been software breakthroughs.

00:08:04.000 Tesla could be the other exception.

00:08:06.000 But you look at Google, you look at Amazon, you look at Meta or Facebook, you look at Netflix.

00:08:15.000 So much of that is software breakthroughs.

00:08:19.000 It's applications, social media, data companies.

00:08:23.000 Now Nvidia to their credit does do a fair amount of hardware.

00:08:28.000 But it's coupled with some software If we are serious about entering this golden era of America, we have to strip ourselves of the old economic alliances and worldview, the allegiances that have plagued us for quite some time.

00:08:47.000 And the easy decision, the simple decision would be delay it.

00:08:54.000 Extend the good times.

00:08:57.000 Who cares?

00:08:58.000 Draw down the inheritance.

00:09:00.000 It's not our problem.

00:09:02.000 And understand that during COVID, during the lockdowns, we saw on display the instant gratification moral issue.

00:09:14.000 The instant gratification during the lockdowns was print as much money as you can, flood the zone with cheap money, inflate the market, Who cares if your 15 year old grandkid is going to commit suicide?

00:09:33.000 Who cares if they're going to get fat?

00:09:35.000 Live for the moment.

00:09:36.000 We baby boomers have earned it and we are going to sell our kids off and it doesn't matter if they'll be indebted and sick and helpless and abused.

00:09:46.000 That was the moral decision made during COVID.

00:09:49.000 Now we are finally embracing A delayed gratification strategy.

00:09:54.000 One that built the West.

00:09:55.000 And it is not necessarily going to be warmly received by the people that are used to sugar highs and dopamine hits.

00:10:01.000 This is the tough stuff.

00:10:04.000 And on the other side will be a country that can last another 250 years.

00:10:11.000 Private student loan debt in America is a major problem.

00:10:14.000 WhyRefi.com, they help make all of that possible.

00:10:17.000 If you go to WhyRefi.com, you can read testimonials from other people who have been where you are and how they've escaped.

00:10:23.000 You can even see what their monthly payments were versus what they are now.

00:10:26.000 Just call 888-WHY-REFI-34 or log on to WhyRefi.com.

00:10:31.000 That's WhyRefi.com.

00:10:32.000 May not be available in all 50 states.

00:10:35.000 Many clients are not even able to make the minimum monthly payment on their private student loans when they come in.

00:10:43.000 Let's do it!

00:11:02.000 anymore, go to YREFI.com.

00:11:05.000 That is Y-R-E-F-Y.com.

00:11:08.000 you you This is the great Rick Santelli from CNBC, who of course had the original Chicago Tea Party rant.

00:11:17.000 Let's play Cut 364.

00:11:19.000 Ultimately, if you live in the US, or you live in Europe, or you live in China, ultimately what goes on at home is very important.

00:11:27.000 We are the most dynamic economy in the world.

00:11:30.000 And much of that money we spent was in debt.

00:11:34.000 The debt was financed by foreigners.

00:11:36.000 Some of that money.

00:11:37.000 They enabled us just like the Fed enabled us with those capital accounts.

00:11:41.000 I'm saying there is a dark side to the trade deficits.

00:11:45.000 In a different way, I think, than Trump looks at it, I look at it like it does.

00:11:50.000 It does underscore and underpin a type of financial behavior that in the long term, That financial behavior that Rick Santelli is pinpointing beautifully is that We will import piles of plastic that we do not need.

00:12:06.000 We will no longer make stuff here.

00:12:10.000 And regardless of the consequences to our own citizenry, we will continue to trade paper for stuff.

00:12:19.000 Paper for stuff.

00:12:21.000 You see, the one advantage that we have is that when a trade war escalates, is that traditionally, The country that is in the trade deficit will almost always win the trade war because we have far more cards than the country that is in the trade surplus.

00:12:43.000 So China is actually very reliant on us right now.

00:12:48.000 So much of their material wealth has been built on trading with us.

00:12:53.000 And we have not decided to do anything about it.

00:12:55.000 And also understand, it is easy And quite honestly, intellectually lazy to blame Donald Trump for this.

00:13:04.000 Blame the people that created the mess.

00:13:07.000 He is attempting to fix it.

00:13:09.000 And it's going to take a Herculean effort to go through the fact that a lot of people are losing money right now.

00:13:16.000 And I am not diminishing that.

00:13:18.000 I'm not minimizing it.

00:13:20.000 A lot of people are losing 10-15% of their earnings.

00:13:24.000 I believe they will get it back and then some because of the tax cuts, the deregulation, the drill baby drill, the no tax on tips, the tax bill is going to boost the psyche and the mentality and you have to look long term.

00:13:40.000 But he is attempting to fix the inherited broken global trade order.

00:13:47.000 We have sold our wealth away.

00:13:50.000 And we're starting to see a reinvestment of foreign direct investment of building and manufacturing, well over five trillion dollars that is going to be spent in this country.

00:14:00.000 And remember, when Ronald Reagan was president, there was a short-term economic dip before the massive roaring 1980s.

00:14:10.000 This is Stephen Miller on Laura Ingraham, play cut 366.

00:14:14.000 All of that manufacturing, all of that industry, was ripped apart by our elites, shipped to foreign countries, and then they sent us the bill.

00:14:21.000 They said, you have to protect Korea, you have to protect Europe, you have to protect Canada, you have to protect Japan.

00:14:27.000 We won't take your cars, we won't take your agriculture, we'll take away your steel industry, your aluminum industry, your copper industry, your electronics industry.

00:14:34.000 So what President Trump is saying is, these are the injustices you have to remedy.

00:14:38.000 This isn't just about moving around some lines on a ledger.

00:14:40.000 This is about This is another important point.

00:15:02.000 I think at its core a lot of Americans appreciate certain forms of trade and importation.

00:15:08.000 If your country is full of great artisans and craftsmen, and you're importing something that is incredibly unique, something that that nation is known for, for example, Colombian coffee, fair enough, or Canadian maple syrup, French wine is a great example.

00:15:32.000 The tariffs are not targeted towards that.

00:15:35.000 I mean, they might be caught up in that, but the essence of the tariffs is not trying to go after Italian olive oil.

00:15:41.000 It's not trying to destroy the native cultural export of a certain nation.

00:15:50.000 No, instead, what we have a problem with is trading when a nation becomes an industrial mill of unnecessary piles of plastic, unnecessary amount of garbage, That then floods our streets, our communities, and we have no attachment with what we're actually buying.

00:16:12.000 We become so hyper-materialistic.

00:16:16.000 We are not here to try and stop French wine from coming to the United States.

00:16:23.000 In fact, though, I will say the wine producers in Fredericksburg, Texas and Napa Valley would love that.

00:16:29.000 Instead, we want American products, the stuff that we're good at making, Which is a couple things here or there to be able to go into other nations without penalty or tariff.

00:16:43.000 Hey everybody, Charlie Kirk here.

00:16:44.000 The April 15th tax deadline is coming fast.

00:16:47.000 Do you have an unfiled tax return?

00:16:48.000 Can't pay the IRS?

00:16:50.000 The IRS is more aggressive than ever and the longer you wait, the worse it gets.

00:16:53.000 Wage garnishments, bank levies, even property seizures are on the table.

00:16:58.000 You need to get ahead of this.

00:17:00.000 But going up against the IRS alone is a mistake.

00:17:02.000 Take my advice.

00:17:03.000 Call the experts at Tax Network USA.

00:17:05.000 They know the system.

00:17:06.000 And they have an edge, a preferred direct line to the IRS.

00:17:09.000 They know which agents to deal with and which ones to avoid.

00:17:12.000 Whether you owe $10,000 or $10 million, their genius strategies are designed to quickly settle your tax problems in your favor.

00:17:20.000 Tax Network USA attorneys and negotiators have already resolved over $1 billion in tax debt.

00:17:25.000 Tax Network USA can help you too, but you need to move fast.

00:17:28.000 April 15th is almost here.

00:17:30.000 Talk with one of their strategists today.

00:17:32.000 It's free.

00:17:33.000 Stop looking over your shoulder and put this behind you.

00:17:35.000 Call Tax Network USA at 1-800-958-1000.

00:17:38.000 That is 1-800-958-1000.

00:17:40.000 Or visit tnusa.com slash charlie.

00:17:45.000 Email us freedom at charliekirk.com to help us make sense of the tariffs and the philosophy behind them is Oren Kass, the chief economist at the American Compass.

00:17:56.000 Oren, great to see you.

00:17:57.000 Oren, what is your take on President Trump's tariff announcements?

00:18:00.000 But even more broadly, let's start with why are tariffs a good idea for the United States of America to implement?

00:18:06.000 Well, at the end of the day, I think tariffs are important because making things matters.

00:18:11.000 I've found you have to start all the way back there because we've gone through, you know, 30 or 40 years where economists and policymakers said making things doesn't matter.

00:18:21.000 We're going to have a free trade system where we are perfectly happy if all of our manufacturing jobs go to China.

00:18:27.000 They'll make cheap stuff for us and we'll find something else to do.

00:18:31.000 And what we've seen is that's a terrible model.

00:18:33.000 It is terrible for working people who see good jobs leave and not-so-good jobs replace them.

00:18:39.000 It's terrible for the economy.

00:18:41.000 We've seen less innovation, lower growth, and it's certainly terrible for our national security.

00:18:46.000 If you can't make stuff, you can't defend the country with bowling alleys.

00:18:52.000 The entire argument for free trade and just saying we don't care where things get made If that's not right, then, in fact, you probably do need some sort of tariff.

00:19:03.000 You need a finger on the scale that says, all things equal, we would rather things be made here.

00:19:08.000 And by having a tariff, you change prices a little bit so that people deciding where to build, where to make things, will think harder about doing them here in America.

00:19:18.000 What do you have to say to critics that will say, well, tariffs are a tax and it will raise prices on Well, tariffs are a tax, but at the end of the day, you have to raise revenue from somewhere.

00:19:34.000 So if you have more revenue coming in from a tariff, you can also reduce some other tax instead.

00:19:39.000 You can also reduce our enormous deficit.

00:19:43.000 If you want to.

00:19:44.000 So I don't think we should choose, yes, we do want a tariff or no, we don't, based on the fact that it's a tax.

00:19:51.000 We should think about the goal that we have.

00:19:53.000 And if the goal that we have is to encourage people to find ways to make things here, then we do want that to show up in prices.

00:20:01.000 And what we've seen historically is that when you actually do this, The result is that people do come make stuff here, and once people invest here, they can make it very efficiently.

00:20:11.000 I mean, look at Japanese cars.

00:20:12.000 You know, they all used to be imported from Japan.

00:20:15.000 It was the Reagan administration that basically forced Japan to send Honda and Toyota to come build cars in America instead.

00:20:23.000 No one's walking around complaining that Toyotas and Hondas are too expensive.

00:20:26.000 We're happy that we have them investing here, and hundreds of thousands of jobs as a result.

00:20:32.000 The consensus of Wall Street right now is that these tariffs will create a bitter ongoing trade war of which there will be no resolution.

00:20:43.000 Comment on the details of these tariffs, President Trump's strategy, and any feedback you might have.

00:20:49.000 Well, I think it's important to notice that there are kind of three different tariffs that he's pursuing.

00:20:56.000 One is China.

00:20:58.000 And, you know, he has at this point come in and put very high tariffs on China.

00:21:01.000 They're getting up toward 50 or 60 percent.

00:21:04.000 He has also endorsed Trump—and this is a bipartisan position at this point—that we should revoke what's called permanent normal trade relations, that we should sort of permanently say we don't want free trade with China.

00:21:18.000 China is an adversary.

00:21:19.000 China is not a market economy.

00:21:22.000 And so I would expect to see that trading relationship go downhill.

00:21:25.000 And frankly, I think we should want it to go downhill.

00:21:28.000 That doesn't concern me at all in terms of what the long-term strategy is.

00:21:34.000 The second piece is the kind of global 10% tariff.

00:21:37.000 And that's the piece that I think fits the view that I was describing at the beginning, that if we have a preference for making things in America, then we should want to have some sort of tariff that puts a finger on the scale.

00:21:50.000 And if other countries want to do the same thing, I think we should say that's reasonable.

00:21:55.000 Tariffs at that level will create some friction that I think we should want in the system that encourages domestic production.

00:22:03.000 It's not going to ruin the global economy or whatever else.

00:22:07.000 And then the third piece, which I think is the most complicated, is what they're calling these reciprocal tariffs, where they went country by country and looked at how big a trade deficit do we have with the country, how big is the imbalance, The bigger that imbalance is, the bigger the tariff we're going to put on you.

00:22:24.000 I think my interpretation is that that is clearly what I would call a negotiating tariff.

00:22:29.000 What they're saying is, look, if we can get trade back to balance, we would love to get rid of these tariffs.

00:22:34.000 We would love to have no extra tariff on you and have balanced trade with you.

00:22:39.000 What we're not going to tolerate anymore is this situation where we have highly imbalanced trade.

00:22:44.000 I think what you'll see, and what will be in the best interests of other countries, They would much rather work that out and have balanced trade than have a trade war.

00:22:53.000 That's better for them, and it's better for us.

00:22:56.000 What I hope we're moving toward and what the Trump administration is pushing toward is, look, we can have a big free trade zone of market democracies that all commit to balanced trade, that have very low tariffs, and that keep China out.

00:23:09.000 That would be a much better economy for the United States, and I think it would be a very good arrangement for our allies as well.

00:23:16.000 So, if President Trump decided to ignore this problem and do nothing, I'm curious what would actually end up happening, which is the further deindustrialization of America.

00:23:27.000 You've been studying the Reagan years, and in order to get inflation under control, they sparked a recession.

00:23:33.000 Tell us any parallels that we might see in the ensuing prosperity that happened.

00:23:38.000 Yeah, I think it's really interesting to look at how all the sort of, you know, what I call very serious people who spend their time pontificating About our politics, they usually say, oh, you know, our democracy is broken, politicians don't make hard choices, they won't accept costs or ask people to make sacrifices to pursue the common good.

00:23:58.000 And here you have the Trump administration doing exactly that.

00:24:01.000 They're acknowledging that there are costs to this, but they're saying it's worthwhile because we have very big challenges, and it is going to take real effort to get out of them.

00:24:11.000 I think the last time we really did that was when Ronald Reagan came into office.

00:24:15.000 We were in this period of what was called stagflation.

00:24:19.000 Inflation was very high, growth was very low, and And what Reagan and the chair of the Federal Reserve, Paul Volcker, did was they shocked the economy.

00:24:28.000 The interest rate went up to 20%, if you can imagine that.

00:24:32.000 Unemployment went up to about 10%.

00:24:34.000 The S&P 500 went down 40%.

00:24:37.000 This was all early in Reagan's first term, and it actually took a long time to turn back around.

00:24:45.000 By 1984, on Election Day in 1984, the market was lower than it had been So,

00:25:15.000 what would you consider to be A good resolution with some of these negotiating tariffs.

00:25:21.000 No tariffs at all.

00:25:22.000 No boundaries or barriers.

00:25:25.000 There's a debate right now of what does success look like?

00:25:28.000 Because some of these tariffs are so extremely high.

00:25:31.000 Is that going to be the new normal?

00:25:33.000 In your estimation, for the American worker, what would be the best resolution?

00:25:38.000 So I think the best resolution is that we get to balanced trade, and what that means is that trade is working the way it's supposed to, the way that we have sold it to workers all along, right?

00:25:48.000 When you hear politicians or economists tell people we should have free trade, what do they say?

00:25:54.000 We're going to have better opportunities for better American jobs, making more things for the rest of the world.

00:26:00.000 We're going to specialize in the things we can make best.

00:26:02.000 Other places will specialize in the things they can make best.

00:26:05.000 That all sounds great.

00:26:06.000 I would love for that to be the case.

00:26:09.000 That's not what we got.

00:26:10.000 Instead, we got a world where we stopped making things, and those jobs and those factories moved to overseas.

00:26:16.000 The rest of the world made stuff for us, but we didn't get to trade that for stuff that we made for the rest of the world.

00:26:22.000 And that's not some weird fluke or magical effect.

00:26:27.000 It's really because of policies that other countries choose.

00:26:30.000 Policies That they are pursuing because they want to make things, they know that making things matters, and they want to sell them into the American market.

00:26:39.000 And so what I'd like to see us do is use these tariffs, the reciprocal tariffs for negotiations, to make it very clear that that kind of arrangement that was not good for Americans is no longer an option.

00:26:52.000 If countries try to pursue that, they are going to see real consequences.

00:26:56.000 But there is another way that would be better for them, and it would be better for us, and it would look like them changing their policies.

00:27:04.000 Instead of pursuing policies to try to take advantage of the U.S., to try to take the jobs into their countries, to grow by exporting into our country and not buying anything from us, what they should be doing is asking, what are the policies we can pursue that create balanced trade?

00:27:20.000 Maybe that's like in the case of Japan.

00:27:22.000 We're actually going to tell some of our companies and create policies that Lead them to go invest more in America.

00:27:28.000 Maybe it's going to be they pursue policies to buy a lot more from America.

00:27:32.000 There's a lot they can do if we make it so that that's what they want to do.

00:27:37.000 And I think that should be the goal.

00:27:42.000 Hey, Charlie Kirk here.

00:27:43.000 Ever see your dog slowing down or having health issues and wonder what can I do to make them better?

00:27:49.000 Well, my friend, add Rough Greens to your dog's food for 90 days and you'll see changes that will amaze you, guaranteed.

00:27:55.000 Invented by naturopathic Dr. Dennis Black, Rough Greens wants to invite you and give your pup the Rough Greens 90 Day Challenge.

00:28:04.000 In the first 30 days, you'll see shinier coats and increased energy.

00:28:08.000 By day 60, your dog will have a stronger immune system, less shedding, and improved joint function all due to live nutrients you've added to their diet.

00:28:16.000 And at 90 days, better digestion, reduced inflammation, improved heart health, and you might even have reduced their cancer risk.

00:28:24.000 Fetch a free Jumpstart Trial Bag for your dog today.

00:28:27.000 Go to RUFFGREENS.COM.

00:28:29.000 Just use promo code CHARLIE.

00:28:30.000 That is RUFFGREENS.COM.

00:28:32.000 Promo code CHARLIE.

00:28:33.000 And just cover shipping.

00:28:34.000 You don't have to change your dog's food.

00:28:36.000 To improve your dog's health, just add a scoop of RUFFGREENS.

00:28:39.000 That is RUFFGREENS.COM.

00:28:43.000 So Oren, how many weeks of labor a year does it require a father or a dad in order to sustain a family of four in 2025?

00:28:52.000 So my best estimate, and actually we looked at this kind of before you got the biggest COVID inflation, because that obviously threw things off in a lot of ways, but if you take the kind of core basics of middle-class security, which I would define as health insurance, housing,

00:29:09.000 sort of, you know, typical average housing, transportation, operating a car, being able to pay for tuition at a public university in your state, and affording the food that your family needs, And if you ask how many weeks of work for the typical male worker does that take, in modern America now, it's well above 52. It's well above 60, in fact, which is a problem.

00:29:34.000 There are obviously only being 52 weeks in a year, and it didn't used to be that way.

00:29:38.000 If you go back and look at the 1980s, the sort of comparable package of stuff that you needed for middle-class security, you could buy with about 40 weeks of work.

00:29:49.000 In order for us to be able to restore that balance, what is required from an economic policy perspective beyond tariffs?

00:30:00.000 What else would you be recommending for this administration to embrace?

00:30:03.000 Well, I think for one thing, it's really important to focus on what I would call the supply side.

00:30:08.000 So, you know, tariffs obviously create an incentive to come in and build more here in the United States.

00:30:14.000 We also do a lot more to then help people do that.

00:30:17.000 Um, and some of that is things like better tax policy.

00:30:20.000 We need, you know, to deregulation.

00:30:23.000 We also need a lot of workforce training.

00:30:25.000 I think education is one of the most important places that, that we can be doing a lot better.

00:30:30.000 Right now we have a model that sort of just says, look, we're going to try to get you into college and, and we hope that works for you, but that's, that's pretty much all we do.

00:30:37.000 And the reality is that that does not work for the vast majority of people.

00:30:41.000 Uh, either they, they don't go to college at all, or they, they don't complete college.

00:30:45.000 Where even if they do, a large share, you know, can't find a job that's the kind of job that it's typically for people with a college degree.

00:30:53.000 And so I think what we need is to invest much more heavily in other pathways that actually connect people to jobs that help cover the cost of their training that, you know, put them into community college programs that actually give them real skills.

00:31:05.000 And obviously that's going to be very good for them.

00:31:08.000 That's going to ensure that, you know, those younger workers are getting pretty quickly to a place where they feel like they can start a family.

00:31:16.000 And it's going to be incredibly important for the employers, for these companies that we're asking, please come build here.

00:31:22.000 You know, I'm not sure we can do that and then just say, but all we have like for you to hire are college dropouts and English majors.

00:31:30.000 I think it will speed along this transition if we have the right program so that That we make sure we're preparing workers to be productive in this kind of economy.

00:31:42.000 Or in closing here, the trade, let's just say, situation has put a lot of our audience in a little bit place of anxiety.

00:31:51.000 Any message to them of everyday retail investors that are quite worried about the effects of the application of tariffs?

00:32:00.000 Well, if you're talking about an investment in the stock market, I think it's important to say that there is certainly a sort of adjustment going on here.

00:32:08.000 I mean, everybody knows that globalization was very good for corporate profits.

00:32:13.000 If the goal was to maximize corporate profits and telling companies they could just shut down their American operations, they could stop dealing with American workers, and they could just set up shop in China, There's no question that that drove a lot of profit and that drove a lot of appreciation in stock prices.

00:32:30.000 And so if we're turning that around, if we're reversing that, we should expect that to have an effect on corporations.

00:32:38.000 But just as it had a really negative effect on workers, I would expect this to have a much more positive effect on workers.

00:32:46.000 And the reality is that if you look at the long term, It's not that whatever is good for corporations is good for America.

00:32:52.000 It's that whatever is good for America is going to be good for corporations as well.

00:32:58.000 And if we can get our house in order and actually have a more productive economy, a growing economy, and a healthier nation and a healthier society, I think in the long run that's going to be plenty good for investors as well.

00:33:12.000 But we really do have to focus on getting our ducks in order first.

00:33:16.000 Oren, thank you so much.

00:33:17.000 Really appreciate it.

00:33:18.000 Talk to you soon.

00:33:19.000 Thank you.

00:33:20.000 My pleasure.

00:33:20.000 Good to see you.

00:33:21.000 Thanks so much for listening everybody.

00:33:23.000 Email us as always freedom at charliekirk.com.

00:33:25.000 Thanks so much for listening and God bless.

The Charlie Kirk Show - April 04, 2025

What the Trump's Tariffs Mean for You, Today and For The Future

Episode Stats

Length

Words per Minute

Word Count

Sentence Count

Misogynist Sentences

Hate Speech Sentences

Summary

Transcript