India considers a $23 billion reduction on U.S. tariffs, John Thune backs Sen. John Cornyn, R-Texas, in his primary challenge to Sen. Ted Cruz, D-Texas. Some GOP lawmakers are pressing for an investigation of Trump's Cabinet meeting.
00:00:00.000Hello everybody, I'm John Fawcett with this Great America Show midday update for Wednesday, March 26th.
00:00:05.340Happy Wednesday, folks. I hope your days are all off to a great start and your midweek is going very well.
00:00:11.500Well, the tariffs, you know those tariffs that just about a month ago everyone was complaining about?
00:00:15.860These brilliant economists on the left, brilliant economists on the right, said President Trump was tanking the economy.
00:00:23.360Even the not-so-smart politicians, Democrats and Republicans, the RINOs, saying that the tariffs were killing America.
00:00:29.400They were killing the economy. Well, the statistics and the facts are showing otherwise.
00:00:36.920The reciprocal trades are which are set to go into effect in just about a week, where a reciprocal trade tariff will be placed on nations who have tariffs on us.
00:00:46.780India, we found out today, is considering a $23 billion tariff cut for the United States to avoid those reciprocal tariffs.
00:00:55.720Indian government sources telling Reuters this week that New Delhi is considering that $23 billion tariff reduction on U.S. imports to stave off President Trump's threatened reciprocal tariffs,
00:01:06.940which would affect at least $66 billion in Indian exports if they do take effect on the country on April 2nd.
00:01:15.340According to Reuters, the Indian government ran the numbers and concluded it would fare much better off by lowering its tariffs, even though it will lose a great deal of income.
00:01:23.840India becoming the first nation to wake up and smell the coffee and smarten up a little bit.
00:01:30.720According to their analysis, New Delhi estimated that such reciprocal tariffs would hit 87% of its total exports to the United States worth $66 billion.
00:01:39.800Under this potential restructure by India, India would be open to reducing tariffs on 55% of U.S. goods and its imports that are now subject to tariffs ranging from 5% to 30%.
00:01:50.800I say great on India for being the first ones to wake up and realize that taking advantage of America, taking advantage of the United States and its people is not going to fly much longer, at least under President Trump.
00:02:04.880And John Thune, showing his true colors.
00:02:09.740John Thune, the Senate Majority Leader, has endorsed John Cornyn ahead of what is set to be a thorny primary.
00:02:16.500Now, a primary challenger by Texas Attorney General Ken Paxton could imperil Cornyn's grip on the Senate seat he's held since 2002.
00:02:23.260John Cornyn, a massive rhino, a Trump impeachment rhino, has come out against President Trump multiple times.
00:02:32.480Now, John Thune in his first test, first major test when it came to the party, failing.
00:02:38.040Endorsing a rhino, a man who's not a Republican, not a Republican guaranteed vote, not a man who stands and fights with his party.
00:02:44.640Yet, he's being endorsed by Senator John Thune.
00:02:49.480We hope Ken Paxton, on this show at least, decides to run for that seat.
00:02:54.340Ken's a great American, has done great work for this country and great work for the great state of Texas.
00:02:59.520John Cornyn does not deserve to hold that seat any longer.
00:03:03.560Speaking of rhinos, some GOP lawmakers are pressing for investigations of Trump's cabinet group chat.