Valuetainment - “Daddy Is Home” – Trump’s Tariff POWER Move Shakes Global Markets As EU Pauses Reciprocal Tariffs

00:00:00.000 Let me give you the timeline of what's going on with tariffs.

00:00:02.020 Tom, I'm going to come to you, then Benny, I'll come to you next.

00:00:04.480 All right, so timeline on tariffs.

00:00:05.920 January 20th, hours before being sworn in,

00:00:09.020 Trump announced 25% tariffs on Canada and Mexico, starting February 1st.

00:00:13.320 January 26th, he announced immediate 25% tariffs on all goods from Colombia,

00:00:17.340 rise to 50% in a week.

00:00:19.620 After Colombia turned back deportation planes,

00:00:22.460 Colombia agreed to all the president's terms within hours.

00:00:26.080 February 1st, then Trump signed an executive order imposing 25% tariffs

00:00:30.380 on nearly all goods from Canada and Mexico and 10% on China,

00:00:33.840 citing fentanyl smuggling, illegal immigration.

00:00:35.940 Canada and Mexico planned retaliation.

00:00:37.660 China threatened countermeasures.

00:00:39.480 The second, facing criticism, Trump acknowledged on social media

00:00:42.540 becoming an economic downside, saying, will there be some pain?

00:00:46.100 Yes, maybe, maybe not.

00:00:47.960 The third, he paused the tariffs on Mexico and Canada for 30 days

00:00:51.040 while threatening new tariffs.

00:00:52.520 On the fourth, 10% tariffs on Chinese imports took effect.

00:00:55.900 China retaliated with additional tariffs on products.

00:00:57.880 Seventh, he planned to broaden his trade war with reciprocal tariffs.

00:01:02.000 Tenth, another 25% on foreign steel and aluminum,

00:01:05.280 reviving a first-term policy.

00:01:07.720 Thirteenth, outlined broad reciprocal tariffs.

00:01:10.460 Fourteenth, confirmed plans to unspecified tariffs on foreign cars

00:01:14.080 starting April 2nd.

00:01:15.440 Twenty-fifth, executive order tasked on Commerce Secretary Lutnik

00:01:18.860 with investigating its foreign copper production.

00:01:21.160 This kept going, going, going.

00:01:23.380 Then it went to 13th of March, citing EU's planned 50% tariffs on whiskey.

00:01:27.740 Mr. Trump proposed a 200% tariff on EU's wines.

00:01:31.240 Twenty-fourth, he said a 25% tariff.

00:01:34.660 Effective second, all exports from U.S.

00:01:36.720 counting, buying Venezuela oil.

00:01:38.820 Twenty-six, 20% tariff on all cars and car parts shipped into U.S.,

00:01:42.020 including American brands.

00:01:44.060 Twenty-ninth, said he couldn't care less if car prices rose due to his tariffs.

00:01:49.200 Obviously, they're not telling the whole story.

00:01:51.180 Then 31st, Trump declared no exemptions for tariffs starting April 2nd.

00:01:55.820 Ten percent tariff on the second hit all nations across the board.

00:01:59.900 Then the fourth, China's finance ministry imposed a 34% tariff on all imports.

00:02:04.220 Trump planned a 34% tariff on China and barred 11 U.S. companies.

00:02:08.840 Then on the fifth, 45-day delay with Vietnam because they were the first to come out. 0.99

00:02:12.840 Then Bangladesh on the seventh, saw a three-month reprieve from U.S. tariffs.

00:02:16.300 All of this is going on.

00:02:18.360 And in the interim, EU comes out saying we're going to have retaliatory tariffs.

00:02:23.820 And then this morning, Tom, specific to EU, can you give us an update what they just did this morning?

00:02:29.440 Yeah, there she is. 1.00

00:02:31.360 Now, the prime ministers and the presidents in Europe, they want to go out with populist anti-Trump messaging.

00:02:37.000 And they want to go scream and pound their fist.

00:02:39.100 So they send her out, who's the president of the EU Commission, Ursula von der Leyen.

00:02:43.820 And she's the mouthpiece for the economic Europe. 0.55

00:02:48.280 And so she comes out, 7 to 5 today.

00:02:50.240 We are pausing on our retaliatory tariffs.

00:02:53.880 And it's because Europe was looking over at China and seeing Trump says, I'll see you're 75 and I'll raise you 100.

00:03:00.800 And they don't want to play that poker game.

00:03:02.720 And so Europe has come back and said, we'd like to negotiate and we're going to pause our retaliatory tariffs.

00:03:07.620 She was the one that also said three days ago, Europe recognizes a good deal when we see it and we want a good deal, if anybody saw her comments.

00:03:16.000 So that's what's going on with her.

00:03:17.880 Why is everyone so surprised?

00:03:20.060 Why is everyone so surprised?

00:03:21.400 Trump ran on tariffs and said two things.

00:03:23.780 I'm going to get fairness back for America.

00:03:26.020 There's tariffs out there that we don't know about.

00:03:28.140 And I want fairness and I want to bring jobs and manufacturing back to America.

00:03:31.700 I'm running on tariffs.

00:03:33.200 It's the most beautiful word.

00:03:34.480 So why is everybody so surprised?

00:03:35.960 Why is the timeline here from the New York Times?

00:03:38.980 Why is this timeline?

00:03:40.340 Because it's a negotiation.

00:03:42.640 Negotiations go back and forth, back and forth.

00:03:45.620 Want to learn about negotiation?

00:03:46.680 Come to the vault.

00:03:47.420 You know, come see us.

00:03:48.720 PBD talks about negotiation.

00:03:50.360 Negotiation is not, hi, how are you doing?

00:03:52.440 How about six?

00:03:53.280 Yeah, okay.

00:03:54.120 All right, bye.

00:03:55.020 That's not how negotiation works.

00:03:56.300 It goes back and forth.

00:03:57.480 And on an international stage, people are playing to their home audience, playing to their parliaments,

00:04:02.420 playing to a lot of things.

00:04:03.580 And it goes back and forth.

00:04:05.100 Is this the tweet, Rob?

00:04:06.500 Yes, this came out at 2.19 a.m.

00:04:08.800 our time this morning.

00:04:10.420 Oh, so that would be genius.

00:04:11.700 So that's, I welcome President Trump's announcement to pause reciprocal tariffs.

00:04:15.900 It's an important step.

00:04:16.820 Clear, predictable conditions are essential in trade supply chains.

00:04:20.580 Tariffs are taxes that only hurt business and consumers.

00:04:22.660 That's why I've consistently advocated for a 0-for-0 tariff agreement.

00:04:25.940 That's good.

00:04:26.640 EU remains committed to its conservation.

00:04:28.720 Because at the same time, Europe continues to focus on diversifying trade policy, engaging

00:04:32.580 with countries that account for 87% of our global trades.

00:04:35.960 You know what she's saying.

00:04:37.320 We're not, what does 87 mean?

00:04:39.280 That means U.S. is 13.

00:04:40.820 That's what she's saying there.

00:04:42.280 So global trade and insurance commitment to open exchange goods.

00:04:44.780 Finally, we are stepping our work for little berries.

00:04:46.480 This crisis has made one thing clear.

00:04:48.980 In times of uncertainty, the single market is our anchor of stability and resilience.

00:04:53.080 My team and I will continue to work day and night to protect European consumers, workers,

00:04:56.600 and businesses.

00:04:57.540 Together, Europeans will emerge stronger from this crisis.

00:05:00.780 Benny, thoughts?

00:05:02.840 So if she says 0-for-0 tariffs, why do they have a 30% tariff on American vehicles?

00:05:09.220 Why is it that you can go to Europe, which I'm sure everybody has done here?

00:05:11.460 Did you ever see a Ford truck in Europe?

00:05:13.460 Zero.

00:05:13.720 Have you seen a single American car in Europe?

00:05:16.220 Nope.

00:05:16.780 Have you ever seen a dealership in Europe for Chevy?

00:05:19.440 No.

00:05:19.840 GMC?

00:05:20.180 That doesn't exist.

00:05:21.840 So she's lying.

00:05:23.160 Also, she puts out the tweet at 2 a.m., which is absurd, and nobody's going to see that.

00:05:27.940 Like, learn the time zones.

00:05:29.200 If you're speaking to Trump, which is what this is all about, and saying, yes, we agree

00:05:33.860 that you're in control, and you're in control of the entire global economy, and we're going

00:05:37.940 to try and do everything that we possibly can to keep access to the American market, because

00:05:41.420 the only innovation that Europe has brought has been, in the last 30 years, has been

00:05:46.100 a little piece of plastic that keeps the tab on your water bottles.

00:05:50.700 Have you guys seen that?

00:05:51.640 That's the single European innovation.

00:05:53.760 While every AI company is here, and every single innovative company on planet Earth, while we're

00:05:58.180 able to catch spaceships with chopsticks, Europe has added a piece of plastic that stabs you 1.00

00:06:03.600 in the eye every time you try and drink out of their stupid water bottles. 1.00

00:06:06.020 Patented whining. 1.00

00:06:07.980 By the way, you got me.

00:06:08.760 That's what this sounds like, a patent of a whine.

00:06:10.540 This is why people like Trump.

00:06:11.640 People like Trump because he's dad, all right?

00:06:14.060 Our home, I look at it as a metaphor of a house.

00:06:16.840 Our proverbial house where we live, our country, has not only been a house that has been abused

00:06:22.080 by all of our neighbors.

00:06:23.480 They literally walk onto our property and steal from us.

00:06:26.560 They take our doorknobs.

00:06:28.000 They take our light bulbs.

00:06:29.280 They actually take things from our home.

00:06:31.120 Our children live here.

00:06:32.720 We have a horrible deal with the bank.

00:06:34.480 We're horribly in debt on our house.

00:06:36.380 We need somebody to renegotiate for us.

00:06:38.060 And more importantly, we need somebody to sit in a rocking chair with a shotgun outside 0.98

00:06:41.000 to say, you're not going to be stealing from our home anymore.

00:06:45.420 Daddy's home.

00:06:46.580 And that's what Donald Trump is.

00:06:48.220 And that's what these tariffs are.

00:06:49.700 He's sitting there with a polished 12 gauge out front with a cigarette or a Zen in or whatever.

00:06:56.420 You know, an Alpen.

00:06:57.540 And he's saying, you're not going to steal from us any longer.

00:07:00.980 And if you do, there's going to be horrible consequences.

00:07:03.060 He's resetting the neighborhood.

00:07:04.760 And that's what's happening here.

00:07:06.040 Europe has taken total advantage of us.

00:07:08.200 There's a great chart.

00:07:09.220 I don't have it on hand, but there's a great chart about the value of companies that were

00:07:13.040 created in Europe over the last 70 years versus the value of American companies that

00:07:17.000 were startups.

00:07:18.720 And there is zero innovation.

00:07:21.080 Europe has to depend on the American economy.

00:07:23.680 They are dependent on us for their military, for their economics, for their innovation,

00:07:28.200 and quite frankly, for the social welfare programs that they love to invest in.

00:07:32.820 And Donald Trump is simply saying, there it is.

00:07:35.160 Perfect.

00:07:35.800 Awesome.

00:07:36.660 Look at that.

00:07:37.400 Look at how humiliating.

00:07:38.500 So that's leverage?

00:07:39.680 PBD.

00:07:40.560 Pat, PBD.

00:07:42.020 Is that in business?

00:07:43.640 Who has the leverage here?

00:07:45.040 Yeah.

00:07:45.220 So that's public from scratch US and new companies.

00:07:47.720 Less than 50 year old with $10 billion market cap.

00:07:50.640 We do.

00:07:51.140 Right.

00:07:51.700 Obviously, it's not even close there.

00:07:53.240 So what I did when you said this, because you got me thinking, I lived in Germany for

00:07:56.880 two years and I wanted to know, was there any US cars?

00:07:59.660 Rob, can you actually search how many dealerships are there?

00:08:03.800 Like just type in chat GBT.

00:08:06.520 How many Ford dealerships are there in Europe?

00:08:10.100 I'm actually really curious because you got me thinking now.

00:08:12.460 I've never even looked at this data before.

00:08:14.140 How many Ford dealerships are there in Europe?

00:08:20.700 Let's see this number here, Benny.

00:08:24.560 Okay.

00:08:25.480 So they got 3,100 dealerships in Europe.

00:08:28.280 Across Europe.

00:08:30.100 Okay.

00:08:30.620 So then here's what I would want to know.

00:08:31.920 Because to me, as much as EU is something we're looking at, I want to know my number

00:08:40.220 one person in this whole thing taking place is not EU.

00:08:44.600 Because EU allows social media communication.

00:08:46.760 EU allows our stuff to be there.

00:08:48.080 China's my number one.

00:08:49.400 Can you type in, Rob, how many Ford vehicles were sold in Europe?

00:08:54.800 How many Ford vehicles were sold in Europe?

00:08:58.320 Okay.

00:08:58.800 So let's see if EU is the enemy or not.

00:09:01.320 Because I think China's on that list. 0.64

00:09:03.300 Let's see this one here.

00:09:05.540 So Ford sold roughly 426,000 units, reflecting 17% decline in 2023.

00:09:12.680 The decrease reduced for market share in 3.3.

00:09:15.740 The decline is due to a discontinuation of popular models like the Fiesta and Focus.

00:09:19.420 is, okay, so now let's go look at how many BMWs Europe sells in the U.S.

00:09:25.960 How many BMWs Europe sells in the U.S.?

00:09:28.340 Okay.

00:09:28.800 Good one.

00:09:29.280 So if we see this now, because it validates how great of a customer we are.

00:09:35.540 So go to, there you go, 371,000 they sell in the U.S., making a 2.5% increase.

00:09:43.040 Mercedes.

00:09:43.680 Those are the models.

00:09:44.540 Let's type in Mercedes as well.

00:09:46.140 Volkswagen.

00:09:47.280 Okay.

00:09:47.540 Type in the same exact question, Mercedes.

00:09:50.320 Yeah.

00:09:50.600 Let's see.

00:09:51.000 Mercedes.

00:09:53.980 And then let's look at this here.

00:09:58.520 Let's look at this here.

00:09:59.460 Okay.

00:10:00.220 So about the same exact number.

00:10:01.920 374,000 is what they sold.

00:10:05.000 Okay.

00:10:05.400 What is the total population in EU?

00:10:08.560 Total population in EU.

00:10:11.480 Tom, do you have an idea?

00:10:13.160 I thought we were about, so we're 350.

00:10:15.240 And depending on where you draw the line when you get to Poland and Ukraine.

00:10:19.520 So they got 100 million more.

00:10:20.180 See, 449?

00:10:21.180 Yeah.

00:10:21.500 So they got 100 million more.

00:10:23.220 So for 100 million more, with what we're selling to them, what they're selling to us, the products that they have,

00:10:29.580 I don't know if, to me, everything that they're doing right now, this is going to sound very weird.

00:10:36.300 Out of all these tariffs that he's doing, he's putting down, it's really, sometimes, unfortunately, you have a team of 100 sales guys.

00:10:47.640 And you have one guy that's the guy that's the biggest pain on the butt for the company to advance.

00:10:54.540 But sometimes you shake things up in a company with a policy to wake this one person up and then for everybody to get a line on the same page 0.61

00:11:04.080 and then for that person to come in and say, you know what, I agree with what you're saying.

00:11:07.920 I think this one person is who?

00:11:09.820 It's China. 0.90

00:11:10.820 Okay.

00:11:11.080 You understand what I'm saying?

00:11:11.820 So the whole, China's the one here. 0.99

00:11:13.580 They're doing all of this stuff strictly for China.

00:11:16.080 Don't you think, Tom?

00:11:17.440 Like, all of this stuff is purely for one enemy.

00:11:19.600 Absolutely.

00:11:20.160 If you want to talk about cars, EU got caught with its pants down because it was kissing up and being nice to BYD because that's the Chinese EVs.

00:11:28.240 And guess what they found out?

00:11:29.800 That they were putting a factory in Hungary and they were hyper-subsidizing it and getting ready to destroy Renault and Nissan, which are partners, in EU with the pricing of their EVs.

00:11:43.920 So EU suddenly is now investigating BYD for basically hyper-subsidizing it and all of this goodness for China they're doing, it's biting them.

00:11:55.400 It's absolutely biting them.

00:11:56.620 You can look it up.

00:11:57.360 There you got this BYD, Hungary, and then EU investigation.

00:12:03.660 This is significant.

00:12:04.740 And they're like, wait, what?

00:12:05.820 What are you doing?

00:12:06.440 Yeah, it happened right under your nose.

00:12:07.880 You're so correct.

00:12:08.560 This is all about China and what they're doing everywhere. 1.00

00:12:12.260 And Europe let them in the door, wasn't tough with them the way we're being now.

00:12:16.080 And now look, see, they get stabbed right in the back.

00:12:18.620 So then Trump comes out, says 84% tariffs.

00:12:22.320 I'm sorry, China says 84% tariffs on U.S. goods.

00:12:25.040 Then Trump comes back and says 125% tariffs on U.S. goods and a 90-day break on tariff negotiation for the 75-so countries that were, you know, working and willing and wanting to do stuff.

00:12:40.020 Made a phone call, said, we'll talk.

00:12:41.520 That's right.

00:12:41.900 We'll talk.

00:12:42.520 We want to have a million people wearing the Future Looks Bright gear.

00:12:45.700 So this is some of you that buy Future Looks Bright gear and the numbered ones.

00:12:49.380 And some of you that go and put it on eBay.

00:12:50.900 Look at this.

00:12:51.300 400 bucks.

00:12:51.860 One out of 50.

00:12:52.440 $199.

00:12:53.140 That's me on the left, man.

00:12:54.280 Can you go to the user one?

00:12:56.960 Hat number one.

00:12:58.260 Rob, 10 grand.

00:12:59.760 Is that one out of 250?

00:13:01.260 Yes.

00:13:01.660 But he got the one out of 250?

00:13:03.700 That's good for him.

00:13:04.540 What's the user's name?

00:13:05.540 Can we see?

00:13:06.520 What is the user's name?

00:13:07.800 Rob Gargiulo.

00:13:08.820 No, it's not.

00:13:11.200 Okay, go back.

00:13:12.300 Zone service.

00:13:13.000 Interesting.

00:13:13.260 10 grand.

00:13:13.800 Go back one, Rob, to see what else is up there.

00:13:15.560 Rob, that would have been so funny.

00:13:16.660 Go back if you can, Rob.

00:13:18.020 Okay, they go lower.

00:13:19.140 So that's another one numbered.

00:13:20.460 Another one, the 45-47 numbered.

00:13:22.380 Keep going lower.

00:13:23.000 More of them numbered that are selling them.

00:13:25.260 $3,000.

00:13:25.520 Holy moly, that's a 43 out of 50.

00:13:27.780 Okay, so here's what we're doing today.

00:13:30.920 This one took us a while to get, and I'll explain to you why.

00:13:34.520 This is the box, Valuetainment.

00:13:37.220 If you order this hat, when you open it up, the box, right there, you see the future looks bright in gold.

00:13:44.040 And then there's a card in there, from me to you, and this hat took a while to make for one specific reason.

00:13:53.840 So this is a numbered at a 250, okay?

00:13:57.660 And this says future looks bright, and all of it is embroidered.

00:14:01.280 This is not like a wing job.

00:14:03.220 All of it says future looks bright all around the hat.

00:14:06.640 This hat, black, sick hat that just got launched this morning, numbered at a 250, at 99.

00:14:13.740 Get on it.

00:14:14.140 First come, first serve.

00:14:15.060 Just so you know, you know how this works.

00:14:17.560 These go like hotcakes.

00:14:20.120 In no time, this goes.

00:14:21.480 So within 30 minutes, this will be gone.

00:14:23.080 But if you're one of the people that collects these numbered hats, we will not be doing this one again, specifically with this color.

00:14:30.560 Black and white future looks bright.

00:14:32.180 Numbered at a 1 out of 250.

00:14:33.480 Go to vtmerch.com, place your order.

00:14:35.820 By the way, look at this, Vinny.

00:14:37.360 Even down here, like the way it is.

00:14:39.120 Like if I bought one right now, so somebody's going to get the number one right now.

00:14:42.260 Whoever ordered, somebody's going to get the number one.

00:14:44.280 But anyway, that'll be in the box.

00:14:46.060 With the box the whole night.

00:14:47.320 Now when we get the shipments with future looks bright, you know it's coming in this to know.

00:14:50.780 That is coming strictly from us.

00:14:53.100 Go to vtmerch.com, place your order.

00:14:56.000 If you enjoyed this video, you want to watch more videos like this, click here.

00:14:58.680 And if you want to watch the entire podcast, click here.

Valuetainment - April 10, 2025

“Daddy Is Home” – Trump’s Tariff POWER Move Shakes Global Markets As EU Pauses Reciprocal Tariffs

Episode Stats

Summary

Transcript